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Gabon

Gabon enjoys a per capita income four times that of most sub-Saharan African nations, but because of high income inequality, a large proportion of the population remains poor. Gabon depended on timber and manganese until oil was discovered offshore in the early 1970s. The oil sector now accounts for more than 50% of GDP. Gabon continues to face fluctuating prices for its oil, timber, and manganese exports. Despite the abundance of natural wealth, poor fiscal management hobbles the economy. In 1997, an IMF mission to Gabon criticized the government for overspending on off-budget items, overborrowing from the centr...  More..

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Economy of Gabon
SOURCE: CIA - The World Factbook
Currency Central African CFA Franc
GDP (PPP) $20.99 billion (2009 est.)
GDP (per capita) $13,900 (2009 est.)
Exports $5.868 billion (2009 est.)
Imports $2.296 billion (2009 est.)
Main Industries Petroleum Extraction and Refining; Manganese, Gold; Chemicals, Ship Repair, Food and Beverages, Textiles, Lumbering and Plywood, Cement
Exports - Commodities Crude Oil 70%, Timber, Manganese, Uranium
Imports - Commodities Machinery and Equipment, Foodstuffs, Chemicals, Construction Materials
Exports Partners US 28.2%, China 21.2%, Japan 11.3%, France 6.2%, Spain 4.5%, Trinidad and Tobago 4.4% (2008)
Imports Partners France 32.2%, US 11.1%, China 5.4%, Belgium 4.7%, Cameroon 4.4%, Netherlands 4.2% (2008)

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