In 1979 there was a coup d'état
deposing Nguema and installing Teodoro Obiang Nguema Mbasogo as president over a
notionally democratic state, but in essence one controlled by presidential
Today Equatorial Guinea is a large exporter of oil being sub-Saharan Africa's
third largest oil exporter and, as such, has a thriving economy, however very
little of that wealth has extended to the poorer in society where some 70% of
the country live below the United Nation's poverty threshold.
There are allegations that most of this wealth is siphoned off into the pockets
of the ruling elite and the country's current president is facing worldwide
investigations for corruption.
Equatorial Guinea is in 136th place
out of 186 countries and territories in 2013 when ranked in terms of life
expectancy, literacy, access to knowledge and the living standards of a
country (see chart below).
majority of the child population of the country live without electricity,
basic education or heath care facilities and live within families making a
living of subsistence farming whilst the offshore oil industry engages
mainly foreign workers.