Browse Salaries
Best Paying Jobs
Salary Increase Letters
Career Articles

Average Salary in Equatorial Guinea 2023

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

Average Monthly Salary
478,000 XAF
( 5,740,000 XAF yearly)


A person working in Equatorial Guinea typically earns around 478,000 XAF per month. Salaries range from 121,000 XAF (lowest average) to 2,130,000 XAF (highest average, actual maximum salary is higher).

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

Distribution of Salaries in Equatorial Guinea

Median and salary distribution monthly Equatorial Guinea
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/equatorial-guinea/median-and-salary-distribution-monthly-equatorial-guinea.jpg

The median, the maximum, the minimum, and the range

  • Salary Range

    Salaries in Equatorial Guinea range from 121,000 XAF per month (minimum salary) to 2,130,000 XAF per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 459,000 XAF per month, which means that half (50%) of the population are earning less than 459,000 XAF while the other half are earning more than 459,000 XAF. 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

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of the population are earning less than 261,000 XAF while 75% of them are earning more than 261,000 XAF. Also from the diagram, 75% of the population are earning less than 1,240,000 XAF while 25% are earning more than 1,240,000 XAF.

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

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning 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

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.

Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.

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.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg

It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.

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.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.

Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Equatorial Guinea costs anywhere from 2,390,000 CFA Franc BEAC(s) to 7,170,000 CFA Franc BEAC(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Salary Comparison By Gender

Salary comparison by gender monthly Equatorial Guinea
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/equatorial-guinea/salary-comparison-by-gender-monthly-equatorial-guinea.jpg

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Equatorial Guinea earn 12% more than their female counterparts on avergae across all sectors.

510,000 XAF
457,000 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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/equatorial-guinea/annual-salary-increment-rate-equatorial-guinea.jpg

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 rarely 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%.

Annual Increment Rate By Industry 2022

Information Technology

Listed above are the average annual increase rates for each industry in Equatorial Guinea for the year 2022. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.

Average Salary Increase Rate by Experience Level

Junoir Level
3% - 5%
6% - 9%
Senior Level
10% - 15%
Top Management
15% - 20%

The difference in increment rates is somehow justified because employers put more effort to retain more experienced staff since they are harder to acquire than less experienced ones.

Worldwide Salary Raises: All Countries and All Jobs

Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Bonus and Incentive Rates in Equatorial Guinea

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Equatorial Guinea
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/equatorial-guinea/annual-salary-bonus-rate-equatorial-guinea.jpg

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
No Bonus

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

Business Development
Marketing / Advertising
Information Technology
Customer Service
Human Resources

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.

A graphics designer working for a graphics designing company.

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

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 / Grapic 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

Architect575,000 XAF
CAD Drafter236,000 XAF

Mechanic183,000 XAF
Service Advisor314,000 XAF

Bank Branch Manager800,000 XAF
Teller169,000 XAF

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

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

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

2,760 XAF per hour

The average hourly wage (pay per hour) in Equatorial Guinea is 2,760 XAF. This means that the average person in Equatorial Guinea earns approximately 2,760 XAF for every worked hour.

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

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 fix 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.

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Equatorial Guinea earn 14% more than their private sector counterparts on average across all sectors.

Private Sector
454,000 XAF
Public Sector+14%
516,000 XAF
Percentage increase and decrease are relative to the previous value

Browse Salaries

Salary Increase Letters

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2023