Compare Gabon (2008) - Gabon (2007)

Compare Gabon (2008) z Gabon (2007)

Show all fields

	Gabon (2008)	Gabon (2007)

Background	Only two autocratic presidents have ruled Gabon since independence from France in 1960. The current president of Gabon, El Hadj Omar BONGO Ondimba - one of the longest-serving heads of state in the world - has dominated the country's political scene for four decades. President BONGO introduced a nominal multiparty system and a new constitution in the early 1990s. However, allegations of electoral fraud during local elections in 2002-03 and the presidential elections in 2005 have exposed the weaknesses of formal political structures in Gabon. Gabon's political opposition remains weak, divided, and financially dependent on the current regime. Despite political conditions, a small population, abundant natural resources, and considerable foreign support have helped make Gabon one of the more prosperous and stable African countries.	Only two autocratic presidents have ruled Gabon since independence from France in 1960. The current president of Gabon, El Hadj Omar BONGO Ondimba - one of the longest-serving heads of state in the world - has dominated the country's political scene for almost four decades. President BONGO introduced a nominal multiparty system and a new constitution in the early 1990s. However, allegations of electoral fraud during local elections in 2002-03 and the presidential elections in 2005 have exposed the weaknesses of formal political structures in Gabon. Gabon's political opposition remains weak, divided, and financially dependent on the current regime. Despite political conditions, a small population, abundant natural resources, and considerable foreign support have helped make Gabon one of the more prosperous and stable African countries.
Budget	revenues: $3.353 billion expenditures: $2.283 billion (2007 est.)	revenues: $3.027 billion expenditures: $2.146 billion (2006 est.)
Debt - external	$3.579 billion (31 December 2007 est.)	$3.849 billion (2006 est.)
Diplomatic representation from the US	chief of mission: Ambassador Eunice S. REDDICK embassy: Boulevard du Bord de Mer, Libreville mailing address: Centre Ville, B. P. 4000, Libreville telephone: [241] 76 20 03 through 76 20 04, after hours - 74 34 92 FAX: [241] 74 55 07	chief of mission: Ambassador Barrie R. WALKLEY embassy: Boulevard du Bord de Mer, Libreville mailing address: Centre Ville, B. P. 4000, Libreville telephone: [241] 76 20 03 through 76 20 04, after hours - 74 34 92 FAX: [241] 74 55 07
Diplomatic representation in the US	chief of mission: Ambassador Carlos BOUNGOU chancery: Suite 200, 2034 20th Street NW, Washington, DC 20009 telephone: [1] (202) 797-1000 FAX: [1] (202) 332-0668 consulate(s): New York	chief of mission: Ambassador Jules Marius OGOUEBANDJA chancery: Suite 200, 2034 20th Street NW, Washington, DC 20009 telephone: [1] (202) 797-1000 FAX: [1] (202) 332-0668 consulate(s): New York
Economy - overview	Gabon enjoys a per capita income four times that of most of sub-Saharan African nations. but because of high income inequality, a large proportion of the population remains poor. Gabon depended on timber and manganese until oil was discovered offshore in the early 1970s. The oil sector now accounts for 50% of GDP. Gabon continues to face fluctuating prices for its oil, timber, and manganese exports. Despite the abundance of natural wealth, poor fiscal management hobbles the economy. The devaluation of the CFA franc - its currency - by 50% in January 1994 sparked a one-time inflationary surge, to 35%; the rate dropped to 6% in 1996. The IMF provided a one-year standby arrangement in 1994-95, a three-year Enhanced Financing Facility (EFF) at near commercial rates beginning in late 1995, and stand-by credit of $119 million in October 2000. Those agreements mandated progress in privatization and fiscal discipline. France provided additional financial support in January 1997 after Gabon met IMF targets for mid-1996. In 1997, an IMF mission to Gabon criticized the government for overspending on off-budget items, overborrowing from the central bank, and slipping on its schedule for privatization and administrative reform. The rebound of oil prices since 1999 have helped growth, but drops in production have hampered Gabon from fully realizing potential gains, and will continue to temper the gains for most of this decade. In December 2000, Gabon signed a new agreement with the Paris Club to reschedule its official debt. A follow-up bilateral repayment agreement with the US was signed in December 2001. Gabon signed a 14-month Stand-By Arrangement with the IMF in May 2004, and received Paris Club debt rescheduling later that year. Short-term progress depends on an upbeat world economy and fiscal and other adjustments in line with IMF policies.	Gabon enjoys a per capita income four times that of most of sub-Saharan African nations. This has supported a sharp decline in extreme poverty; yet, because of high income inequality, a large proportion of the population remains poor. Gabon depended on timber and manganese until oil was discovered offshore in the early 1970s. The oil sector now accounts for 50% of GDP. Gabon continues to face fluctuating prices for its oil, timber, and manganese exports. Despite the abundance of natural wealth, poor fiscal management hobbles the economy. Devaluation of its currency by 50% in January 1994 sparked a one-time inflationary surge, to 35%; the rate dropped to 6% in 1996. The IMF provided a one-year standby arrangement in 1994-95, a three-year Enhanced Financing Facility (EFF) at near commercial rates beginning in late 1995, and stand-by credit of $119 million in October 2000. Those agreements mandated progress in privatization and fiscal discipline. France provided additional financial support in January 1997 after Gabon met IMF targets for mid-1996. In 1997, an IMF mission to Gabon criticized the government for overspending on off-budget items, overborrowing from the central bank, and slipping on its schedule for privatization and administrative reform. The rebound of oil prices in 1999-2000 helped growth, but drops in production hampered Gabon from fully realizing potential gains. In December 2000, Gabon signed a new agreement with the Paris Club to reschedule its official debt. A follow-up bilateral repayment agreement with the US was signed in December 2001. Gabon signed a 14-month Stand-By Arrangement with the IMF in May 2004, and received Paris Club debt rescheduling later that year. Short-term progress depends on an upbeat world economy and fiscal and other adjustments in line with IMF policies.
Exchange rates	Communaute Financiere Africaine francs (XAF) per US dollar - 481.83 (2007), 522.89 (2006), 527.47 (2005), 528.29 (2004), 581.2 (2003)	Communaute Financiere Africaine francs (XAF) per US dollar - 522.89 (2006), 527.47 (2005), 528.29 (2004), 581.2 (2003), 696.99 (2002)
Exports	228,000 bbl/day (2004)	NA bbl/day
GDP - composition by sector	agriculture: 5.8% industry: 58.8% services: 35.5% (2007 est.)	agriculture: 6% industry: 58.4% services: 35.6% (2006 est.)
GDP - real growth rate	4.5% (2007 est.)	1.2% (2006 est.)
Imports	2,436 bbl/day (2004)	NA bbl/day
Imports - partners	France 35.4%, US 7.6%, Netherlands 5.5%, Cameroon 4.5%, Belgium 4.3% (2006)	France 35.3%, US 7.7%, Netherlands 5.6%, Cameroon 4.5%, Belgium 4.4% (2006)
Industrial production growth rate	5% (2007 est.)	1.6% (2002 est.)
Inflation rate (consumer prices)	5% (2007 est.)	4% (2006 est.)
International organization participation	ACCT, ACP, AfDB, AU, BDEAC, CEMAC, FAO, FZ, G-24, G-77, IAEA, IBRD, ICAO, ICCt, ICRM, IDA, IDB, IFAD, IFC, IFRCS, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO (correspondent), ITSO, ITU, ITUC, MIGA, NAM, OIC, OIF, OPCW, UN, UNCTAD, UNESCO, UNIDO, UNMIS, UNWTO, UPU, WCL, WCO, WHO, WIPO, WMO, WTO	ACCT, ACP, AfDB, AU, BDEAC, CEMAC, FAO, FZ, G-24, G-77, IAEA, IBRD, ICAO, ICCt, ICRM, IDA, IDB, IFAD, IFC, IFRCS, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ITSO, ITU, ITUC, MIGA, NAM, OIC, OIF, OPCW, UN, UNCTAD, UNESCO, UNIDO, UNMIS, UNWTO, UPU, WCL, WCO, WHO, WIPO, WMO, WTO
Labor force	582,000 (2007 est.)	574,000 (2006 est.)
Pipelines	gas 384 km; oil 1,427 km (2007)	gas 272 km; oil 1,354 km (2006)
Political parties and leaders	Circle of Liberal Reformers or CLR [General Jean Boniface ASSELE]; Congress for Democracy and Justice or CDJ [Jules Aristide Bourdes OGOULIGUENDE]; Democratic and Republican Alliance or ADERE [Divungui-di-Ndinge DIDJOB]; Gabonese Democratic Party or PDG (former sole party) [Simplice Nguedet MANZELA]; Gabonese Party for Progress or PGP [Benoit Mouity NZAMBA]; Gabonese Union for Democracy and Development or UGDD [Zacherie MYBOTO]; National Rally of Woodcutters or RNB; National Rally of Woodcutters-Rally for Gabon or RNB-RPG (Bucherons) [Fr. Paul M'BA-ABESSOLE]; Party of Development and Social Solidarity or PDS [Seraphin Ndoat REMBOGO]; People's Unity Party or PUP [Louis Gaston MAYILA]; Social Democratic Party or PSD [Pierre Claver MAGANGA-MOUSSAVOU]; Union for Democracy and Social Integration or UDIS; Union of Gabonese Patriots or UPG [Pierre MAMBOUNDOU]	Circle of Liberal Reformers or CLR [General Jean Boniface ASSELE]; Congress for Democracy and Justice or CDJ [Jules Aristide Bourdes OGOULIGUENDE]; Democratic and Republican Alliance or ADERE [Divungui-di-Ndinge DIDJOB]; Gabonese Democratic Party or PDG (former sole party) [Simplice Nguedet MANZELA]; Gabonese Party for Progress or PGP [Pierre-Louis AGONDJO-OKAWE]; Gabonese Union for Democracy and Development or UGDD [Zacherie MYBOTO]; National Rally of Woodcutters or RNB; National Rally of Woodcutters-Rally for Gabon or RNB-RPG (Bucherons) [Fr. Paul M'BA-ABESSOLE]; People's Unity Party or PUP [Louis Gaston MAYILA]; Rally for Democracy and Progress or RDP [Pierre EMBONI]; Social Democratic Party or PSD [Pierre Claver MAGANGA-MOUSSAVOU]; Union for Democracy and Social Integration or UDIS; Union of Gabonese Patriots or UPG [Pierre MAMBOUNDOU]

Sitemap: Compare countries listing (map site) | Country listing (map site)
Links: Add to favorites | Information about this website | Stats | Polityka prywatnosci
This page was generated in ##czas## s. Size this page: ##rozmiar_strony## kB.