Gabon
| Country summary | |
|---|---|
|
Capital |
Libreville |
|
Borders |
Cameroon 298 km, Republic of the Congo 1,903 km, Equatorial Guinea 350 km |
|
Government type |
republic; multiparty presidential regime |
|
Population |
1,514,993[1] |
|
Population growth |
1.934% (2010 est.)[1] |
|
Life expectancy |
53.11 years[1] |
|
Unemployment |
21% (2006 est.)[1] |
|
116[2] | |
|
106[3] | |
|
158[4] | |
Until recently, only two autocratic presidents had ruled Gabon since its independence from France in 1960. The recent president of Gabon, El Hadj Omar BONGO Ondimba - one of the longest-serving heads of state in the world - had dominated the country's political scene for four decades. President BONGO introduced a nominal multiparty system and a new constitution in the early 1990s. However, allegations of electoral fraud during local elections in 2002-03 and the presidential elections in 2005 exposed the weaknesses of formal political structures in Gabon. President BONGO died in June 2009. New elections in August 2009 brought Ali Ben BONGO, son of the former president, to power. Despite political conditions, a small population, abundant natural resources, and considerable foreign support have helped make Gabon one of the more prosperous and stable African countries. In January 2010, Gabon assumed a nonpermanent seat on the UN Security Council for the 2010-11 term.[1]
Economical characteristics
- Currency: Central African CFA franc (ISO code: XAF)
- Central bank discount rate: 4.75% (31 December 2008)[1]
- Commercial banks lending rate: NA% (31 December 2008)[1]
- Stock of money (M1): $1.643 billion (31 December 2008)[1]
- Quasi money (with M1 makes M2): $777.8 million (31 December 2008)[1]
Notable events:
- Banking crisis: 1995[5]
Statistics
| Statistic / Year | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|
| GDP (million USD)[6] | 4 663 | 5 068 | 4 713 | 4 932 | 6 055 | 7 178 | 8 666 | 9 546 | 11 571 | 14 535 |
| Govt. debt (% of GDP)[7] | ||||||||||
| Govt. revenue (% of GDP)[8] | ||||||||||
| Govt. expenses (% of GDP)[9] | ||||||||||
| Debt to revenue (years) |
References
Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Factbook. "Gabon", from The World Factbook. Referenced 2010-10-01.
- ↑ Heritage Foundation. "Gabon", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-01.
- ↑ Transparency International. "Gabon", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-10-01.
- ↑ Doing Business. "Gabon", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-01.
- ↑ Carmen M. Reinhart and Kenneth S. Rogoff. "This Time is Different", Princeton University Press, ISBN 978-0-691-14216-6, p. 365. (The list does not claim to be complete.) Referenced 2011-07-20.
- ↑ World Bank. "Gabon: GDP", from World Bank Data. Referenced 2010-10-01.
- ↑ World Bank. "Gabon: government debt", from World Bank Data. Referenced 2010-10-01.
- ↑ World Bank. "Gabon: government revenue", from World Bank Data. Referenced 2010-10-01.
- ↑ World Bank. "Gabon: government expenses", from World Bank Data. Referenced 2010-10-01.
Links
- Gabon on Wikipedia
- Central bank of Gabon
- Country profile (pdf) from the Enterprise Studies page (part of the The World Bank Group)
- BBC country profile
