Economy

Gabon’s position as one of the most politically stable countries in Central Africa provides it a solid base for economic growth. Like many sub-Saharan countries, Gabon still faces challenges related to transparency and efficient governance but successive presidential transitions have been relatively smooth. The ruling Gabonese Democratic Party...

Five decades ago, China and Africa supported one another for national liberation and independence, building a profound friendship and mutual trust, and laying a solid foundation for the sound development of Chinese-African economic and trade cooperation.

After decades of building and reinforcing strong economic and diplomatic ties with Europe, Gabon has been looking to diversify its foreign relationships. By seeking new trade partners, the country intends to leverage its stability and economic growth to support a larger regional role.

Gabon is located on the Gulf of Guinea, surrounded by low- and lower-middle income countries, but the country’s sizable oil resources and limited population have positioned it as one of six upper-middle income countries in sub-Saharan Africa.

Established in 1994 through a treaty signed by Gabon and five neighbouring states – Cameroon, Central African Republic, Chad, Equatorial Guinea and the Republic of Congo (Congo-Brazzaville) – the Economic Community of Central African States (Communauté Économique et Monétaire de l'Afrique Centrale, CEMAC) regional economic bloc was created as a successor to the Central...