Equatorial Guinea: second richest country in the world!

Which country is the second richest in the world? Many of us know that Luxembourg is the richest one, but few of us would link Equatorial Guinea, an African country located between Cameron and Gabon,  to the title "second richest country in the world".

But it is! Thanks to discovery of a huge oil reserve,  Equatorial Guinea has become one of the world's richest countries, boasting a per capita income of USD 50,200, second to that of Luxembourg.

Endowed with huge wealth notwithstanding, according to CIA fact book:

"Despite the country's economic windfall from oil production resulting in a massive increase in government revenue in recent years, there have been few improvements in the population's living standards. Businesses, for the most part, are owned by government officials and their family members. "

In number, I guess it is not unlikely that they will overtake Luxembourg soon:

"Undeveloped natural resources include titanium, iron ore, manganese, uranium, and alluvial gold. "

For ordinary people, it will remain a very poor country, as oil revenues do not get into their pockets.

Comments

[duran mendong]

How to you poeple classify it

[duran mendong]

How to you poeple classify it

[duran mendong]

How to you poeple classify it

[duran mendong]

How to you poeple classify it

[Duran]

Yes Equatorial Guinea is the second richest country in the world well what about Cameroon because Cameroon is my loving country is she among the 100-200.