by autocratic presidents since independence from France in 1960, Gabon
introduced a multiparty system and a new constitution in the early
1990s that allowed for a more transparent electoral process and for
reforms of governmental institutions. A small population, abundant
natural resources, and considerable foreign support have helped make
Gabon one of the more prosperous black African countries.
enjoys a per capita income four times that of most nations of
sub-Saharan Africa. This has supported a sharp decline in extreme
poverty; yet 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 50% of GDP. Gabon continues to face fluctuating prices
for its oil, timber, and manganese exports. Despite the abundance of
natural wealth, the economy is hobbled by poor fiscal management. In
1992, the fiscal deficit widened to 2.4% of GDP, and Gabon failed to
settle arrears on its bilateral debt, leading to a cancellation of
rescheduling agreements with official and private creditors.
Devaluation of its Francophone currency by 50% on 12 January 1994
sparked a one-time inflationary surge, to 35%; the rate dropped to 6%
in 1996. The IMF provided a one-year standby arrangement in 1994-95, a
three-year Enhanced Financing Facility (EFF) at near commercial rates
beginning in late 1995, and stand-by credit of $119 million in October
2000. Those agreements mandate progress in privatization and fiscal
discipline. France provided additional financial support in January
1997 after Gabon had met IMF targets for mid-1996. In 1997, an IMF
mission to Gabon criticized the government for overspending on
off-budget items, overborrowing from the central bank, and slipping on
its schedule for privatization and administrative reform. The rebound
of oil prices in 1999-2000 helped growth, but drops in production
hampered Gabon from fully realizing potential gains. In December 2000,
Gabon signed a new agreement with the Paris Club to reschedule its
official debt. A follow-up bilateral repayment agreement with the US
was signed in December 2001.
Holidays Jan 1 - New Year's Day
Jan 21* - Eid al-Adha (Feast of the Sacrifice)
Mar 12 - Renovation Day
Mar 28~ - Easter Monday
May 1 - Labour Day
May 6 - Martyrsâ€™ Day
May 16~ - Whit Monday
Aug 15 - Assumption
Aug 16 - Independence(National) Day
Nov 1 - All Saints' Day
Nov 14-16* - Eid al-Fitr (End of Ramadan)
Dec 25 - Christmas Day
Muslim festivals(*) are timed according to local sightings of various
phases of the moon and the dates given above are approximations.
Besides, the Festivals' dates(~) are also subject to change in every
Country Code: 241
Outgoing International Code: 00
No area codes are required.
CIA - The World Factbook - Gabonese Republic
website indicates a wide range of detail information about Gabon by
introducing under 8 different fields as its geography, people,
government, economy, communications, transportation, military,
is available to find out Gabonese general outlook on the issues of its
social and business profile, passport/visa, money, accommodation,
government, duty free, health and so forth.
Business Directory - Gabon
creates cross-referenced categories in business opportunities for Gabon
as business to business, classifieds, cooperatives, directories,
organizations & trade.
serves as a directory providing an ultimate African Business Source for
the potential investors seeking new business opportunities in Gabon
including the list of industries for Gabon.
There is available to find out Gabonese business, economic and political news on line.
OPIC Links - Investor's Information Gateway for Gabon
is available country database information links which are efficient for
the new investors planned to do business in Gabon including the contact
lists of the institutions, organization related to Gabonese business.
U.S. Department of State: Country Commercial Guide: Gabon
country commercial reports are prepared annually by U.S. Embassies with
the assistance of several U.S. Government agencies that basically
offers a comprehensive outlook at Gabonese commercial environments,
using economic, political, and market analysis.
is available to get comprehensive information about all fields related
to Gabonese Republic via providing a business directory and gateway to
the websites for Gabon.
UK Trade & Investment - Gabon
Trade & Investment is the Government organisation that supports
both UK companies trading internationally and overseas enterprises
seeking to locate in the UK.
U.S. Department of State - Bureau of Consular Affairs - For Gabon
Bureau of Consular Affairs creates a wide range of research named as
Consular Information Sheet about Gabon in terms of analyzing its
social, political, cultural & economic environments.
Embassy Listings For Gabon
There is listed the embassies of Gabonese Republic including the embassies' contact information.
The Government of Gabon
AdmiNet creates useful webpage for Gabon in order to provide information about the government of Gabon.
Trade Guide for Gabon
is available to get comprehensive information not only about Gabonese
imports, export regulations and other formalities and documents related
to commercial transactions but also main exported and imported products
& trading partners in Gabon and so forth.