Since 1953, when oil was first discovered near Port-Gentil, Gabon’s economy has been dominated by the petroleum industry. According to the BP “Statistical Review of World Energy 2012”, Gabon is the sixth-largest crude oil producer in sub-Saharan Africa and has the region’s fourth-largest proven reserves.
Gabon has rebounded strongly from the economic crisis of 2008-09. As the economy still depends largely on natural resrource extraction, low prices and weak global demand for commodities in 2009 shrank GDP by 1.4%, according to statistics provided by the DGEPF. Growth, however, returned in 2010 and has remained robust since. The economy grew by 6.7% in 2011 and is forecast to grow at 5.6% in 2012, according to the DGEPF.
Dr Lachlan Forrow, President, International Foundation of the Albert Schweitzer Hospital, on improving health care
Madeleine Berre, Partner and GM, Deloitte Legal and Tax, and Nicolas Balesme, Partner and GM, Deloitte Touche Tohmatsu, on incentives
Madeleine Berre, Partner and GM, Deloitte Legal and Tax, and Nicolas Balesme, Partner and GM, Deloitte Touche Tohmatsu, on incentives
Explore any of the chapters below to select an article.
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×