Economy

This chapter contains an article on African football, as well as information on hotels, government agencies and other listings, along with useful tips for visitors on a range of topics such as visa requirements, currency, communications, dress codes and business hours, among others.

Gabon has seen stable growth over the past five years, aided in part by a government drive to promote diversification in line with its Emerging Gabon Strategic Plan. However, its continued dependence on oil has left the country vulnerable to external shocks, and the low-price environment of 2014 and 2015 will likely cause complications for the next two to three years, as the authorities...

Situated on Africa’s Gulf of Guinea, Gabon is part of a select grouping of upper-middle-income countries in sub-Saharan Africa. Timber, oil and mineral reserves form the backbone of the economy. The political system is stable and the country plays a leading role in the region through its membership in the CEMAC economic bloc. Gabon has strong ties with Europe, and especially France, for...

Conditions in T&T’s capital markets continue to be shaped by the central bank’s tightening of monetary policy. In line with the expectations of the financial sector, the central bank moved ahead with a fifth consecutive increase in its repo rate of 25 basis points to 4% in late May 2015. The increases have begun to have an impact on domestic money market rates, or commercial banks’ prime...