Equatorial Guinea, officially the Republic of Equatorial Guinea, is a country located in Middle Africa. It has two parts: a Continental Region (Río Muni), including several small offshore islands including Corisco, Elobey Grande and Elobey Chico; and an insular region containing Annobón island and Bioko island (formerly Fernando Pó) where the capital Malabo is situated.
With an area of 28,000 square kilometres (11,000 sq mi) Equatorial Guinea is one of the smallest countries in continental Africa. It is also the richest per capita; however, the wealth is distributed very unevenly. With a population of 650,702, Equatorial Guinea is the third-smallest country in continental Africa. It is also the second smallest United Nations (UN) member from continental Africa.
The discovery of sizeable petroleum reserves in recent years is altering the economic and political status of the country. Its gross domestic product (GDP) per capita ranks 64th in the world; however, most of the country's considerable oil wealth actually lies in the hands of only a few people.