The economy of Gabon is characterized by strong links with France, large foreign investments, dependence on skilled foreign labor, and decline of agriculture. [11]

Oct 22, 2024 · Economic situation. August 2023 coup d’état triggered significant changes in Gabon’s economic policies, including the implementation of more expansionary fiscal policies and increased efforts to strengthen institutions and transparency in public financial management.

Real GDP grew 3.0% in 2022, up from 1.5% in 2021, due to the healthy state of the oil sector (which grew 7.1%) and the nonoil sector (which grew 2.3%).

The Gabon Economic Update is an annual World Bank publication that presents an overview of the evolving macroeconomic position in Gabon, followed by a detailed exploration of a specific topic in each edition. The first chapter analyzes recent economic developments, as well as the macroeconomic outlook and risks for Gabon’s future growth.

Jan 27, 2025 · Gabon’s economy has more links with European and American markets than with those in neighbouring states (with the exception of Cameroon) or elsewhere in Africa. The economy shares some characteristics with those of other sub-Saharan African states: strong links with the former colonial ruler, a large degree of foreign investment and control ...

Gabon Economic Outlook Real GDP grew 3.0% in 2022, up from 1.5% in 2021, due to the healthy state of the oil sector (which grew 7.1%) and the nonoil sector (which grew 2.3%). Growth in the oil sector was driven by the 45.3% rise in oil price associated with the 6.1% increase in oil production in 2022, and growth in the nonoil sector was driven ...

Latest news and information from the World Bank and its development work in Gabon. Access Gabon’s economy facts, statistics, project information, development research from experts and latest news.

The rural exodus has been fueled by the oil economy. Between 1990 and 2023, Gabon’s GDP (MER) essentially doubled from US$8.3 billion to US$16.4 billion. Gabon has the fifth-largest economy among the eight African upper-middle-income economies, with South Africa being the lead economy, followed by Algeria, Libya and Botswana ranking 4th.

Gabon Global Economic Prospects examines trends for the world economy and how they affect developing countries. The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets.

Gabon’s economy grew by 2.4 percent in 2023, a lower growth compared to 2022, impacted by logistical disruptions. Triggered by the August 2023 coup, the ongoing political transition is an oppor-tunity for reforms, with many actions underway. An orderly return to consti-tutional order will be crucial to avoid social, economic, and financingrisks.