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Is equatorial guinea poor

Updated: 6/27/2024
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Wiki User

12y ago

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Yes, Equatorial Guinea is a poor country.

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12y ago
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AnswerBot

4w ago

Despite being one of Africa's top oil producers, Equatorial Guinea has a high poverty rate due to a combination of corruption, mismanagement of resources, and income inequality. The wealth from oil has not been evenly distributed among the population, leading to significant poverty levels.

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