Back اقتصاد الغابون Arabic Economia del Gabon Catalan Ekonomika Gabonu Czech Wirtschaft Gabuns German Economía de Gabón Spanish Économie du Gabon French Economía de Gabón Galician Գաբոնի տնտեսություն Armenian Ekonomio di Gabon IO ガボンの経済 Japanese

Economy of Gabon

Economy of Gabon
Libreville is the capital and financial center of Gabon
Currency1 Central African CFA franc (XAF) = 100 centimes
calendar year
Trade organisations
AU, AfCFTA, WTO
Country group
Statistics
PopulationNeutral increase 2,484,789 (2023)[3]
GDP
  • Increase $21.013 billion (nominal, 2024)[4]
  • Increase $54.47 billion (PPP, 2024)[4]
GDP rank
GDP growth
  • 3% (2022) 2.4% (2023)
  • 3.1% (2024e) 2.6% (2025f)[5]
GDP per capita
  • Increase $9,257 (nominal, 2024 est.)[4]
  • Increase $24,129 (PPP, 2024 est.)[4]
GDP per capita rank
GDP by sector
agriculture: 4.5%; industry: 62.7%; services: 32.8% (2010 est.)
2.1% (2024)[4]
Population below poverty line
  • Negative increase 33.4% (2017)[6]
  • Positive decrease 32.2% on less than $5.50/day (2017)[7]
Labour force
771,230 (2023 est.)
Labour force by occupation
agriculture: 60%; industry: 15%; services: 25% (2000 est.)[8]
Unemployment20.36% (2023 est.)
Main industries
petroleum extraction and refining; manganese, gold; chemicals, ship repair, food and beverages, textiles, lumbering and plywood, cement[8]
External
Exports$12.935 billion (2022 est.)[8]
Export goods
crude oil 70%, timber, manganese[8]
Main export partners
Imports$3.499 billion (2022 est.)[8]
Import goods
machinery and equipment, foodstuffs, chemicals, construction materials
Main import partners
$6.06 billion (2022 est.)
Public finances
73.3% of GDP (2024 est.)
Revenues$2.939 billion (2021 est.)
Expenses$2.732 billion (2021 est.)
Economic aidrecipient: $331 million (1995)
$1.372 billion (2019 est.)
All values, unless otherwise stated, are in US dollars.

The economy of Gabon is characterized by strong links with France, large foreign investments, dependence on skilled foreign labor, and decline of agriculture.[11] Gabon on paper enjoys a per capita income four times that of most nations of Africa, but its reliance on resource extraction industry fail to release much of the population from extreme poverty, as much of 30% of the population lives under the poverty threshold (Many Foreign Guest Workers).

  1. ^ "World Economic Outlook Database, April 2019". IMF.org. International Monetary Fund. Retrieved 29 September 2019.
  2. ^ "World Bank Country and Lending Groups". datahelpdesk.worldbank.org. World Bank. Retrieved 29 September 2019.
  3. ^ "Population, total – Gabon". data.worldbank.org. World Bank. Retrieved 17 November 2024.
  4. ^ a b c d e "World Economic Outlook Database". IMF.org. International Monetary Fund. Retrieved 8 December 2024.
  5. ^ "Global Economic Prospects, June 2019: Heightened Tensions, Subdued Investment. p. 127" (PDF). openknowledge.worldbank.org. World Bank. Archived (PDF) from the original on 5 June 2019. Retrieved 8 December 2019.
  6. ^ "Poverty headcount ratio at national poverty lines (% of population) - Gabon | Data". data.worldbank.org. Retrieved 14 July 2020.
  7. ^ "Poverty headcount ratio at $5.50 a day (2011 PPP) (% of population) - Gabon | Data". data.worldbank.org. Retrieved 14 July 2020.
  8. ^ a b c d e f https://www.cia.gov/the-world-factbook/countries/gabon/
  9. ^ "Import Partners of Gabon". CIA World Factbook. 2023. Retrieved 30 August 2023.
  10. ^ "Sovereigns rating list". Standard & Poor's. Retrieved 26 May 2011.
  11. ^ "Gabon". Encyclopaedia Britannica. Retrieved 29 October 2019.
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