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Economy of Gabon
Libreville is the capital and financial center of Gabon
petroleum extraction and refining; manganese, gold; chemicals, ship repair, food and beverages, textiles, lumbering and plywood, cement
External
Exports
$6.803 billion (2010 est.)
Export goods
crude oil 70%, timber, manganese, uranium
Main export partners
China 63%
Singapore 5%
(2019 est.)[7]
Imports
$2.973 billion (2015 est.)
Import goods
machinery and equipment, foodstuffs, chemicals, construction materials
Main import partners
France 22%
China 17%
Belgium 6%
United States 6%
United Arab Emirates 5% (2019 est.)[8]
Gross external debt
$2.374 billion (31 December 2010 est.)
Public finances
Government debt
25.8% of GDP (2010 est.)
Revenues
$4.057 billion (2015 est.)
Expenses
$3.645 billion (2015 est.)
Economic aid
recipient: $331 million (1995)
Credit rating
Standard & Poor's:[9]
BB- (Domestic)
BB- (Foreign)
BBB- (T&C Assessment)
Foreign reserves
$3.202 billion (31 December 2015 est.)
Main data source:CIA World Fact Book 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.[10] 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).
^"World Economic Outlook Database, April 2019". IMF.org. International Monetary Fund. Retrieved 29 September 2019.
^"World Bank Country and Lending Groups". datahelpdesk.worldbank.org. World Bank. Retrieved 29 September 2019.
^ abcde"World Economic Outlook Database, October 2019". IMF.org. International Monetary Fund. Retrieved 8 December 2019.
^"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.
^"Poverty headcount ratio at national poverty lines (% of population) - Gabon | Data". data.worldbank.org. Retrieved 14 July 2020.
^"Poverty headcount ratio at $5.50 a day (2011 PPP) (% of population) - Gabon | Data". data.worldbank.org. Retrieved 14 July 2020.
^"Export Partners of Gabon". CIA World Factbook. 2019. Retrieved 30 August 2023.
^"Import Partners of Gabon". CIA World Factbook. 2023. Retrieved 30 August 2023.
^"Sovereigns rating list". Standard & Poor's. Retrieved 26 May 2011.
^"Gabon". Encyclopaedia Britannica. Retrieved 29 October 2019.
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