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Average Salary in Equatorial Guinea 2024

How much money does a person working in Equatorial Guinea make?


Average Monthly Salary
480,000 XAF
( 5,760,000 XAF yearly)

LOW
121,000
XAF
AVERAGE
480,000
XAF
HIGH
2,130,000
XAF
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working in Equatorial Guinea typically earns around 480,000 XAF. Salaries range from 121,000 XAF (lowest average) to 2,130,000 XAF (highest average, actual maximum salary is higher).


Salary Variance

This is the average salary including housing, transport, and other benefits. Salaries in Equatorial Guinea vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.



Pay Scale and Salaries in Equatorial Guinea

Median and salary distribution Equatorial Guinea monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
907,000 XAF or more
10% of people earn
710,000 to 907,000 XAF
20% of people earn
276,000 XAF or less
65% of people earn
276,000 to 710,000 XAF
Minimum Salary
121,000
XAF
Median
417,000
XAF
Maximum
2,130,000
XAF




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries in Equatorial Guinea range from 121,000 XAF (starting salary) to 2,130,000 XAF (maximum average salary, actual maximum is higher). This is not the minimum wage as per the law, only the lowest reported number in the salary survey that had thousands of participants and professionals from all over the country.

  • Median Salary

    The median salary is 417,000 XAF, which means that 50% of the population in Equatorial Guinea earns less than that while the other half earns more. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles and Salary Scale

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of the population in Equatorial Guinea earn less than 301,000 XAF while 75% of them earn more. Also from the diagram, 75% of the population earn less than 632,000 XAF while 25% earn more than that.

  • Pay Scale Structure

    We grouped the most common and recurring salaries into brackets to give more insight into what salary to expect. This method is more accurate than just the average salary and gives more insights into how salaries are actually distributed in Equatorial Guinea. Around 65% of all reported figures are in the range 276,000 XAF to 710,000 XAF. Approximately 20% fall under the 276,000 XAF cap. Ten percent of wages are from 710,000 XAF to 907,000 XAF. Only 5% of people grossed 907,000 XAF or more.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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Salary is primarily determined by the level of experience one possesses, with higher levels of experience resulting in higher wages.

In Equatorial Guinea, employees with two to five years of experience typically earn an average of 32% more than entry-level and junior workers in all industries and fields.

Individuals with more than five years of experience tend to earn an average of 36% more than those with less than five years of experience.

After ten years of work, salaries increase by 21%, with an additional 14% increase for those who have worked for over 15 years.

These figures should be used as rough estimates, as considering individual job titles can lead to more accurate assessments.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.
On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

The correlation between higher education and higher salary is widely acknowledged, but how much of an income increase can one expect from obtaining a degree?

We conducted a study in Equatorial Guinea comparing the salaries of professionals with different levels of college degrees who held similar positions in various industries.

Our results showed that individuals with a certificate or diploma earned an average of 17% more than those who only completed high school.

Those who obtained a Bachelor's Degree earned 24% more than their counterparts with a certificate or diploma.

Professionals with a Master's Degree earned 29% more than those with a Bachelor's Degree.

Finally, those who held a PhD earned an average of 23% more than those with a Master's Degree while performing the same job.


Is investing in a Master's degree or an MBA worth it? Is pursuing higher education worth the investment?

Earning a Master's degree or any post-graduate qualification in Equatorial Guinea is a substantial financial commitment, with tuition fees ranging from 2,400,000 XAF to 7,200,000 XAF and a duration of around two years. It's important to note that during this period, any salary increases are unlikely, assuming ongoing employment. Salary reviews are typically conducted after completing the program and obtaining the degree.

Many individuals pursue advanced education as a means of transitioning to higher-paying positions, and the statistics indicate that this is an effective strategy. On average, individuals who change jobs after earning a higher degree receive a salary increase of about 10% more than the typical annual raise.

Ultimately, deciding whether or not to pursue advanced education depends on a variety of factors, including the personal situation and experience. However, if one can afford the financial costs of obtaining a higher degree, the return on investment is likely to be worthwhile, with the ability to recoup the costs in approximately a year.



Salary and Compensation Comparison By Gender / Equatorial Guinea

Salary comparison by gender Equatorial Guinea monthly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? In Equatorial Guinea, the average difference between the salary of male and female employees is 12% across all career fields.

Male
512,000 XAF
Female-10%
459,000 XAF
Percentage increase and decrease are relative to the previous value


Average Annual Salary Increment Percentage in Equatorial Guinea

How much are annual salary increments in Equatorial Guinea? How often do employees get salary raises?

Equatorial Guinea

Employees in Equatorial Guinea are likely to observe a salary increase of approximately 5% every 28 months.

Annual Salary Increment Rate Equatorial Guinea
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in Equatorial Guinea is 2%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates in Equatorial Guinea

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Equatorial Guinea
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67% of surveyed staff in Equatorial Guinea reported that they haven't received any bonuses or incentives in the previous year while 33% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 5% of their annual salary.

Received Bonus
33%
No Bonus
67%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


Bonus Rates Comparison by Career Field

Finance
High
Architecture
High
Sales
High
Business Development
High
Marketing / Advertising
High
Information Technology
Moderate
Healthcare
Moderate
Insurance
Moderate
Customer Service
Moderate
Human Resources
Moderate
Construction
Low
Transport
Low
Hospitality
Low

What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Salaries for popular jobs. Salaries by occupations.

Job TitleAverage Salary
Accounting and Finance
Accountant328,000 XAF
Accounting Assistant248,000 XAF
Accounting Manager711,000 XAF
Bookkeeper225,000 XAF
Chartered Accountant434,000 XAF
Corporate Treasurer607,000 XAF
Financial Analyst600,000 XAF
Financial Manager935,000 XAF
Internal Auditor444,000 XAF

Administration / Reception / Secretarial
Administrative Assistant247,000 XAF
Office Manager392,000 XAF
Receptionist169,000 XAF
Secretary216,000 XAF

Advertising / Graphic Design / Events
Art Director472,000 XAF
Creative Director455,000 XAF
Graphic Designer298,000 XAF
Photographer271,000 XAF

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer620,000 XAF
Air Traffic Controller515,000 XAF
Flight Attendant322,000 XAF
Pilot829,000 XAF

Architecture
Architect575,000 XAF
CAD Drafter236,000 XAF

Automotive
Mechanic183,000 XAF
Service Advisor314,000 XAF

Banking
Bank Branch Manager800,000 XAF
Teller169,000 XAF

Bilingual
Teacher344,000 XAF
Translator434,000 XAF

Business Planning
Business Analyst579,000 XAF
Business Development Manager723,000 XAF
Project Manager507,000 XAF

Care Giving and Child Care
Nanny186,000 XAF
Nursery Teacher172,000 XAF

Construction / Building / Installation
Civil Engineer447,000 XAF
Construction Project Manager788,000 XAF
Health and Safety Officer208,000 XAF

Customer Service and Call Center
Call Center Representative182,000 XAF
Customer Service Manager653,000 XAF
Customer Service Representative175,000 XAF

Engineering
Electrical Engineer475,000 XAF
Engineer427,000 XAF
Mechanical Engineer426,000 XAF

Executive and Management
Chief Executive Officer1,100,000 XAF
Chief Financial Officer1,010,000 XAF
General Manager846,000 XAF

Food / Hospitality / Tourism / Catering
Chef288,000 XAF
Executive Chef343,000 XAF
Hotel Manager823,000 XAF
Travel Agent296,000 XAF
Waiter / Waitress143,000 XAF

Health and Medical
Dentist1,150,000 XAF
Dietitian945,000 XAF
Laboratory Technician338,000 XAF
Nurse379,000 XAF

Human Resources
Human Resources Manager711,000 XAF
Human Resources Officer274,000 XAF

Information Technology
Computer Technician350,000 XAF
Database Administrator464,000 XAF
Developer / Programmer468,000 XAF
Information Technology Manager753,000 XAF
Network Engineer411,000 XAF

Law Enforcement / Security / Fire
Police Officer284,000 XAF

Legal
Attorney917,000 XAF
Legal Assistant239,000 XAF

Media / Broadcasting / Arts / Entertainment
Journalist517,000 XAF

Pharmaceutical and Biotechnology
Biomedical Engineer382,000 XAF
Pharmacist588,000 XAF

Sales Retail and Wholesale
Cashier176,000 XAF
Sales Manager832,000 XAF
Sales Representative303,000 XAF

Teaching / Education
Elementary School Teacher334,000 XAF
Secondary School Teacher375,000 XAF

Average Hourly Wage in Equatorial Guinea


2,770 XAF per hour

The average hourly wage (pay per hour) for all employees in Equatorial Guinea is 2,770 XAF.This is the rate that the average individual gets paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for a person in Equatorial Guinea is 700 XAF. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Equatorial Guinea is 14% on average across all career fields.

Private Sector
456,000 XAF
Public Sector+14%
518,000 XAF
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary in Equatorial Guinea?

It is extremely difficult to give an exact figure of a good salary when no specific job is selected, however; an estimate can be provided based purely on the cost of living. A good compensation in Equatorial Guinea would range anywhere between 417,000 XAF and 632,000 XAF.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary in Equatorial Guinea ranges from 121,000 XAF to 301,000 XAF. The base salary depends on many factors including profession, experience, and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


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