• Economy

    OBG provides coverage of the major macro-economic trends within local economies, including GDP growth, government budgeting, public debt, balance of payments, monetary policy and long-term development strategies.
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The new government has targeted post-electoral stability with pledges to tame the budget deficit, boost infrastructure and curb expenditure. However, Papua New Guinea’s (PNG’s) opposition says Port Moresby’s plan to accept a large loan from China is an early misstep on the path to long-term growth.

Chapter | The Guide from The Report: Gabon 2012

This section contains a feature about Gabon’s wildlife attractions, in addition to listings for hotels, government offices and local services, as well as helpful tips for first-time visitors.

Chapter | Economy from The Report: Gabon 2012

Gabon’s status as the sixth-largest crude oil producer in sub-Saharan Africa has helped the country achieve the second-highest per capita GDP in the region. While the country’s resource-dependent economy took a hit when global demand dropped during the financial crisis of 2008-09, recovery has been strong and growth has remained robust. The government has in recent years put a greater focus on...

Chapter | Country Profile from The Report: Gabon 2012

Gabon has long been lauded on the global stage for its relative stability in a region that has, at many times over the past several decades, experienced significant political unrest. A member of both global and regional political and economic organisations, Gabon’s global engagement is closely linked to France, given its status as a former French colony. The country has a multi-party political...

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.

Some of the heat seems to be going out of the Qatari economy, as the rate of expansion is expected to ease back to single figures over the next few years. However, the more modest growth forecast by analysts will still place the country among the global leaders.

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