Pop 693,000. Capital Malabo (131,000). Christians 624,000. Evangelical Christians 30,000.Largest Religion Christian. Fastest Growing Religion Muslim. Largest Ethnic Groups Mainland Fang ( 57.2 %), Islands Bubi(10.3%), Yoruba (8.3%), Igbo (4.2 %), Spanish (3%), Eurafrican (2 .5 %), Hausa (2 .1%). Official Languages Spanish, French. All Languages
14. Economy Prosperous until independence (1968), then mismanagement brought economic ruin by 1979.
Offshore petroleum deposits discovered in 1995 transformed the economy. One of the world’s highest per capita incomes. A small minority hold wealth, but most continue in poverty. Corruption is a problem. Politics Independent from Spain in 1968. The subsequent atheist regime turned the country into a virtual slavelabour camp, one of the worst human rights abusers in Africa. A multiparty government system formed in 1991, but greater freedoms for opposition parties still needed.