International Cost of Living Calculators

2021 International cost of living and hardship / quality of living data for 780 global locations.

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Equatorial Guinea, All Areas

Equatorial Guinea, All Areas

Cost of living in Equatorial Guinea, prices and what it is like to live for an Expat, quality of life / hardship, and compare cost of living for Expatriates as at July 2021.

What is it like to live in Equatorial Guinea?

Climate: The climate is tropical. It is always hot and humid.

Language: The official languages are Spanish and French. A small section of the business community speak in Malabo and Bata. Local African languages are also spoken. The staff at major hotels and restaurants are usually bilingual (Spanish and French).

Religion: Christianity.

Economy: The economy of Equatorial Guinea has benefited from the discovery of large oil reserves in 1996 and its subsequent exploitation. Forestry, farming, and fishing are also major components of GDP. Subsistence farming predominates. The deterioration of the rural economy under successive brutal regimes has diminished any potential for agriculture-led growth.

Inflation: 3% for Equatorial Guinea as at December 2020.

Money: The currency of Equatorial Guinea is the CFA Franc BEAC (XAF). Credit cards are not generally accepted outside of major airlines and international hotels. ATMs are limited.

Tax: In Equatorial Guinea is based on the current personal income tax rates which are progressive up to 35%.

Population: 1.4 Million (2020 est.)

Expat Life: Equatoguineans, are mostly Catholic and very religious. Walking barefoot in public is regarded as an insult. Expatriates are rare and may be met with curiosity and suspicion. Not many women are involved in business. The dress code is typically smart and conservative. The safety risk for expatriates in Equatorial Guinea is medium. Risks include those related to poor infrastructure (including electricity and water), and the lack of business facilities, hotels, internal air links and communications systems, as well as the expectation of bribes from the safety forces.

Health Care: Health care facilities are poor. Emergency facilities are extremely limited. Serious or complex health care treatment may require evacuation which can be expensive.

Equatorial Guinea covers all areas within the country other than Malabo.

Cost Of Living

What is the cost of living in Equatorial Guinea?

The cost of living for expatriates in Equatorial Guinea as at July 2021 is low in comparison to other places in the world, with an overall Cost of Living Index (COLI), for all 13 basket groups, of 55.69 (New York =100). We have collected prices for the same items, world wide, based on Expat spending norms, in or closest to the location, and converted them to $USD so that we can compare the cost of 13 different baskets in 780 global locations. For each basket, compared to New York, the equivalent cost in Equatorial Guinea is as follows:

1) Alcohol and/or Tobacco: Cost is very low for items such as beer, spirits, wine and tobacco related products such as cigarettes. A basket costing USD$1,000 in New York costs USD$500. Average price in a store for a midrange bottle of wine is USD$7.14, domestic/local beer (500ml) USD$1.19, imported/international beer (330ml) USD$1.86 and a pack of 20 cigarettes is USD$2.07.

2) Clothing: Cost is low for items such as business, casual and children's clothing and footwear. A basket costing USD$1,000 in New York costs USD$600. Average price for an international brand of mens jeans is USD$32, a quality international brand of running shoes USD$77, mens leather shoes suitable for office wear USD$60 while a medium size international summer dress from a global chain store is USD$27.

3) Communication: Cost is high for various communication costs such as home telephone rental, internet subscription, mobile service provider tariff and data costs. A basket costing USD$200 in New York costs USD$228. Average price for a monthly standard plan internet subscription is USD$79, while the benchmark mobile tariff is USD$0.14 per minute.

4) Education: Cost is low for items such as creche / pre-school fees, primary school fees, high school fees and tertiary study fees. A basket costing USD$30,000 in New York costs USD$15900. Average annual private international school fee (excluding extras) USD$10,362 for Primary School, and USD$11,532 for High School.

5) Furniture & Appliances: Cost is high for items such as dining table and chairs, home entertainment, kitchen appliances, and sofas. A basket costing USD$2,500 in New York costs USD$2325. Average price for a 6kg front loader Washing Machine is USD$737, and USD$632 for a 46+'' LED UHD TV.

6) Groceries: Cost is average for items such as consumables, cleaning products, dairy, fresh fruit & vegetables, general food products, snacks, soft drinks. A basket costing USD$1,000 in New York costs USD$690. Average grocery prices in a major international retail store for 1 kg apples is USD$4.12, 1 kg oranges USD$3.45, 1 head lettuce USD$0.98, 1 kg potatos USD$2.94, 1 kg boneless, skinless, chicken breast USD$7.13, 1 kg cheddar cheese USD$15.58, 1 dozen large eggs USD$2.36, 500g loaf white bread USD$1.67, 1 L full cream milk USD$2.32, and 1.5 L water USD$0.94.

7) Healthcare: Cost is average for general heath care, doctor visits, hospital stays, non-prescription medicine, and medical insurance. A basket costing USD$1,000 in New York costs USD$580. Average healthcare cost for a private practice Doctor visit for an uninsured patient is USD$47, and a private hospital stay per day including nursing care, medications, diagnostic tests, food, and related costs is USD$1,449.

8) Household Accommodation: Cost is low for items such as apartment rent, house rent, property purchase, mortgage rate, and utilities. A basket costing USD$5,000 in New York costs USD$1850. Average expatriate house / apartment rent for a secure upmarket unfurnished apartment (3 bedrooms) is USD$2,032 in a central location, and USD$1,234 in a suburban location, per month, excluding utilities.

9) Miscellaneous: Cost is very low for items such as dry cleaning, linen, magazines, newspapers, office supplies, and postage stamps. A basket costing USD$500 in New York costs USD$205. Average price for dry cleaning (1 mens 2 pc suit) is USD$3.99, while an international newspaper is USD$1.23.

10) Personal Care: Cost is high for items such as cosmetics, hair care, and toiletries. A basket costing USD$500 in New York costs USD$400. Average cost for a mens haircut and blow dry is USD$32, while a womens hair colour, cut and blow dry - medium length is USD$159.

11) Recreation & Culture: Cost is average for items such as books, cinema, sport and theatre tickets. A basket costing USD$500 in New York costs USD$315. Average price for a latest release international cinema ticket (average of on and off peak where applicable) for one adult is USD$8.96, and an international fitness, recreation or sports club membership cost for one adult is USD$57 per month.

12) Restaurants Meals Out and Hotels: Cost is low for items such as hotel daily room rates, meals and beverages in a restaurant, and take away food and beverages. A basket costing USD$1,000 in New York costs USD$470. Average cappuccino price (regular, medium) is USD$2.43, coke/pepsi (330ml) USD$1.27, burger meal (international franchise or similar) USD$10.77, and a mid-range international restaurant meal for 2 USD$37.86.

13) Transport: Cost is low for items such as fuel (petrol/gasoline), car hire, public transport, vehicle purchase and maintenance. A basket costing USD$1,000 in New York costs USD$550. Average average price over the last year for highest available octane petrol / gasoline (1L) is USD$0.97, while the benchmark car sedan purchase price including taxes/duties for a compact / small / economy vehicle (1.4 L) is USD$23,946.

How does the cost of living in Equatorial Guinea compare?

Equatorial Guinea is -16.1% cheaper than USA for groceries, -46.5% cheaper for household costs than UK, and 6.1% more expensive for transport costs than India.

What is the quality of life / hardship in Equatorial Guinea?

Equatorial Guinea is ranked as an extreme hardship location.The hardship premium for Equatorial Guinea for an expat from Australia, is for example 30%, i.e. host location (Equatorial Guinea) premium of 40% minus home (Australia) location premium of 10%.

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