Classified by the World Bank as an upper-middle income country, Gabon enjoys an average per capita income – estimated at €8950 in 2013 – that is far higher than the sub-Saharan Africa developing country average of €1212.
Oil revenues have sustained the economy, accounting for 56% of total government revenues and 80% of total exports by value, according to US Energy Information...
Gabon is located on the Gulf of Guinea, surrounded by low- and lower-middle income neighbours. However, the country’s sizable oil resources and limited population have positioned it as one of six upper-middle income countries in sub-Saharan Africa.
Gabon has the second-largest economy in the sub-region. GDP at purchasing power parity reached $29.38bn in 2012, behind Cameroon ($55....
With just 1.63m people, Gabon is the second-smallest member of the six-country Central African Economic and Monetary Community in terms of population, after Equatorial Guinea. However, the country’s well-developed hydrocarbons sector has made Gabon the second-largest economy in the sub-region.
In which sectors is KFAED focusing on increasing investment and interest? In what ways will this benefit the region, given recent events?
The Kuwaiti government’s increased efforts to bolster foreign direct investment (FDI) could have a significant impact on its offset activities in 2014, as the state’s National Offset Company (NOC) moves to roll out new partnerships between offset obligors and private investors. Although progress has been moderate since the programme’s...
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