Inflation rates by country and year

-17.6%-5.3%7.1%19.5%31.8%
-17.6%-5.3%7.1%19.5%31.8%
1986-17.6%
20055.6%
20242.9%
Source: World Bank

Data: World Bank, annual %. For information only — not financial advice.

Year2024Inflation Rate2.9%

Behind the curve

Turning points in Equatorial Guinea

  1. 1994↑ Upward pressure

    The CFA franc devaluation — Wikipedia (opens in a new tab)

    The 1994 devaluation of the CFA franc raised import prices and inflation across the Central African monetary union.

    Bank of Central African States (BEAC)
  2. 2008↑ Upward pressure

    The world food price crisis — Wikipedia (opens in a new tab)

    The 2007–08 global food and fuel surge pushed Equatorial Guinean inflation to a peak in 2008.

    Bank of Central African States (BEAC)
  3. 2015↓ Downward pressure

    The 2010s oil glut — Wikipedia (opens in a new tab)

    The oil-price slump cut revenues and activity, easing inflation in the mid-2010s.

    Bank of Central African States (BEAC)

These are selected historical influences, not a complete account of inflation. An upward-pressure event can coincide with a peak when its inflationary effect has already occurred or when other forces begin pushing inflation lower. The markers show the years in which events occurred, although their effects may extend into later years.

What is the inflation in Equatorial Guinea?

The annual inflation rate in Equatorial Guinea was 2.9% in 2024, the most recent year in the World Bank dataset. That means prices rose 2.9% on average compared with the year before. Use the chart above to explore Equatorial Guinea's full inflation history from 1986 to 2024, and to compare it with any other country.

How inflation in Equatorial Guinea has changed

Inflation in Equatorial Guinea peaked at 31.8% in 1994 and reached its lowest point at -17.6% in 1986. Averaged across the 39 years of available data (1986–2024), the rate has been 3.7% per year.

Frequently asked questions about inflation in Equatorial Guinea

What is the current inflation rate in Equatorial Guinea?

The latest available annual figure is 2.9% in 2024, from the World Bank. Because the figures are reported annually, they may not reflect the most recent monthly reading published by Equatorial Guinea's statistical office.

What was the highest inflation rate in Equatorial Guinea?

The highest annual inflation rate on record is 31.8%, reached in 1994.

What was the lowest inflation rate in Equatorial Guinea?

The lowest annual inflation rate on record is -17.6%, recorded in 1986.

Where does the inflation data for Equatorial Guinea come from?

All figures come from the World Bank's World Development Indicators (indicator FP.CPI.TOTL.ZG), which report annual consumer price inflation for more than 200 countries and territories from 1960 onward.