Key Facts: Equatorial Guinea Wages
- Country
- Equatorial Guinea (GNQ)
- Continent
- Africa
- Currency
- CFA Franc BEAC (XAF)
- Minimum Wage
- FCFA129,035 /mo ($231.66 USD)
- Average Gross Monthly Salary
- FCFA350,000 /month
- Average Gross Annual Salary
- FCFA4,200,000 /year
- Standard Work Week
- 40 hours
- Data Source
- ILO ILOSTAT / World Bank / Ministerio de Trabajo de Guinea Ecuatorial
- Last Updated
- 2026-02-25
Equatorial Guinea — Average Salary & Wages
CFA Franc BEAC (XAF) Data verified Jan 2026 Sources
The average salary in Equatorial Guinea is
FCFA4,200,000 a year
The minimum wage in Equatorial Guinea is FCFA129,035/mo ($231.66 USD) as of 2026. The average gross monthly salary is FCFA350,000 ($628.37 USD).
Equatorial Guinea 's minimum wage is among the highest for Africa, ranking #8 out of 54 countries with statutory minimum wages. The standard work week is 40 hours.
Estimated average for formal sector, heavily influenced by oil industry and government salaries. The oil sector pays significantly above average for skilled workers. Non-oil sectors pay much less. GDP per capita exceeds USD 7,000 but median income is far lower due to extreme inequality. Data reliability is very limited.
Minimum Wage Trend
• PPP ADJUSTED
In Equatorial Guinea, the minimum wage has the purchasing power of $554.20/mo in the United States, adjusted for local cost of living using the World Bank PPP conversion factor.
In Context
At minimum wage, a full-time worker in Equatorial Guinea earns FCFA129,035/mo. That is 37% of the average gross salary.
- Monthly (full-time)
- FCFA129,035 at min. wage
- Share of avg. salary
- 37% gross, before tax
- USD equivalent
- $231.66/mo monthly
Wage Breakdown
- Daily
- FCFA5,161Monthly rate divided by 25 working days
- Monthly
- FCFA129,035
Equatorial Guinea sets a national minimum wage (Salario Mínimo Nacional) under its Labour Code. The country uses the XAF (Central African CFA franc), pegged to the euro (655.957 XAF per EUR). Despite being classified as upper-middle income by GDP per capita (driven by oil exports), human development indicators are poor and income distribution is extremely unequal. The oil sector employs relatively few nationals directly. Most formal employment outside oil is in government. The minimum wage is primarily relevant to a small formal private sector in Malabo and Bata. Enforcement is limited.
Work Week
- Standard
- 40 hrs/wk
- Maximum
- 48 hrs/wk
- Overtime
- 1.5x pay
Labour Code (Spanish-heritage) sets 40 hours/week standard, 48 hours maximum including overtime. Oil sector may have different contractual arrangements. Spanish and French are official languages.
How Equatorial Guinea Compares
| Metric | Equatorial Guinea | Africa Avg. | Africa Highest |
|---|---|---|---|
| Avg. salary (USD equiv.) | $628.37/mo | $381.53/mo | $1,625/mo (Mauritania) |
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Wages tell half the story. See purchasing power, prices, and quality-of-life context for Equatorial Guinea on our sister site.
Cost of living in Equatorial Guinea on costofliving.is →Frequently Asked Questions
What is the minimum wage in Equatorial Guinea?
The minimum wage in Equatorial Guinea is FCFA129,035/mo (approximately $231.66 USD), effective since 2019-01-01. Equatorial Guinea sets a national minimum wage (Salario Mínimo Nacional) under its Labour Code. The country uses the XAF (Central African CFA franc), pegged to the euro (655.957 XAF per EUR). Despite being classified as upper-middle income by GDP per capita (driven by oil exports), human development indicators are poor and income distribution is extremely unequal. The oil sector employs relatively few nationals directly. Most formal employment outside oil is in government. The minimum wage is primarily relevant to a small formal private sector in Malabo and Bata. Enforcement is limited.
What is the average salary in Equatorial Guinea?
The average gross monthly salary in Equatorial Guinea is FCFA350,000 (approximately $628.37 USD). Estimated average for formal sector, heavily influenced by oil industry and government salaries. The oil sector pays significantly above average for skilled workers. Non-oil sectors pay much less. GDP per capita exceeds USD 7,000 but median income is far lower due to extreme inequality. Data reliability is very limited. Source: World Bank / ILO estimated (oil sector-weighted formal average) (2022).
How many hours is the standard work week in Equatorial Guinea?
The standard work week in Equatorial Guinea is 40 hours, with a legal maximum of 48 hours. Overtime is paid at 1.5x the normal rate. Labour Code (Spanish-heritage) sets 40 hours/week standard, 48 hours maximum including overtime. Oil sector may have different contractual arrangements. Spanish and French are official languages.
How has the minimum wage in Equatorial Guinea changed over time?
The minimum wage in Equatorial Guinea has changed as follows: FCFA129,035 in 2019, FCFA129,035 in 2022, FCFA129,035 in 2024. This represents 3 recorded adjustments.
What is the minimum wage in Equatorial Guinea in USD?
The minimum wage in Equatorial Guinea converts to approximately $231.66/mo in US dollars, based on current exchange rates. Actual purchasing power may differ due to local cost of living.
What is the average salary in Equatorial Guinea in USD?
The average gross monthly salary in Equatorial Guinea is approximately $628.37 per month in US dollars, based on current exchange rates. Actual purchasing power may differ due to local cost of living.
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