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Gabon, a central African country, is rich in natural resources. Located on the Atlantic Ocean, it borders Cameroon, Equatorial Guinea, and the Republic of Congo. It is sparsely populated, with a population of 2 million (2017) and forests covering 85% of its territory.

Gabon nonetheless has one of the highest urbanization rates in Africa; more than four in five Gabonese citizens live in cities.  The capital, Libreville, and Port Gentil—the economic capital of the country—are home to 59% of the population. One in two Gabonese citizens is under the age of 20, and according to the 2012 Second Demographic and Health Survey, the fertility rate in urban areas is four children per woman against six in rural areas.

Political Context

The Gabonese Democratic Party (Parti démocratique gabonais PDG) dominates the political landscape. Omar Bongo held the presidency for 41 years (1968–2009), and his son, Ali Bongo Ondimba, won the presidential election in August 2009, against the backdrop of social crisis.

The opposition boycotted legislative elections in 2011, but later competed in municipal and departmental elections in December 2013 and in the Senate election in December 2014. Still, all these elections were won by the party in power. On August 31, 2016, the incumbent president, Ali Bongo, was reelected in controversial elections marked by a fairly low voter turnout of 59%.

Legislative and municipal elections were held in October 2018. The ruling party—despite losing 15 seats—maintained its two-thirds majority in the National Assembly, winning 98 of 143 seats.   The elections followed an April 2018 constitutional court ruling that dissolved parliament (because elections had been postponed for too long) and forced the government’s resignation in May. A caretaker government took measures (contained in an amended 2008 Budget Law) to address slippage in Gabon’s macroeconomic performance and contain its bloated wage bill.

On January 7, 2019, taking advantage of a prolonged absence by the President of the Republic who was convalescing in Morocco, several soldiers attempted to seize power. This attempted coup culminated in the arrest of its ringleaders.

In January 2019, a new government was sworn in and then reorganized by presidential decree on January 30, June 10, and in December 2019.

Economic Overview

Gabon is an upper-middle-income country. The fifth largest oil producer in Africa, it has had strong economic growth over the past decade, driven by its production of oil and manganese. The oil sector has accounted for 80% of exports, 45% of GDP, and 60% of fiscal revenue on average over the past five years. However, as the country is facing a decline in its oil reserves, the Gabonese government has decided to diversify its economy.

Gabon’s fiscal position worsened in 2015, with the country recording a fiscal deficit for the first time since 1998. Despite the government’s attempts to rein in expenditure and offset the decline in oil revenue, Gabon’s economy stalled and was projected to grow by 0.8%  in 2018 compared to 0.5% in 2017.

This trend is attributable to limited expansion of the secondary and tertiary sectors, impacted by the decline in public expenditure. However, higher prices for crude oil, manganese, and rubber—three commodities exported by the country—contributed to growth in the primary sector. Growth could rebound to 2.9% in 2019, driven by non-extractive sectors like agribusiness and upgraded transport and communication networks.

This expected growth will be undermined by the COVID-19 crisis and the further decline in oil prices.  The sharp drop in domestic revenue mobilization, exports and foreign direct investment will lead to a major fiscal deficit. 

Development Challenges

The poor quality of Gabon’s business climate is a major barrier to the diversification of its economy. Gabon ranked 169 out of 190 countries in the Doing Business 2018 report. The government’s strategy for the promotion of non-oil sectors has so far been based on the granting of specific incentives to foreign investors. A recent World Bank policy note highlighted the importance of improving human capital, building a fair and transparent business environment, and improving the quality and cost of core infrastructure—three critical building blocks for economic and export diversification. Recent measures to improve the business climate include a one-stop shop for investors, a public-private partnership (PPP) framework, a domestic arbitration court, and codes for hydrocarbons and mining.

Gabon must also boost its social expenditure. A 2013 McKinsey report suggests that roughly 30% of the population faces vulnerability, surviving on monthly incomes below the guaranteed minimum wage of CFAF 80,000 (approximately $150).  The study also notes that the social situation has deteriorated in terms of access to basic social services (health care, drinking water, and electricity) in 60% of the regions.

Following this report, Gabon undertook to improve its social policy by focusing on three pillars:

  • Establishing integrated social programs for the most vulnerable (the elderly, orphans, the disabled);
  • Creating income-generating activities for the poorest population groups; and
  • Reducing inequalities in access to basic public services. Although the net primary enrollment rate is one of the highest in Africa (96.4%), the completion rate in the Gabonese education system is low (37.2%).

The weaknesses of the national statistical system is  another challenge Gabon needs to address, as reliable data on poverty and income distribution are not available; the most recent date back to 2010.  The consumer price index is still based on household consumption from a 2003 survey.

Last Updated: Oct 15, 2021

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Gabon: Commitments by Fiscal Year (in millions of dollars)*

*Amounts include IBRD and IDA commitments
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Additional Resources

Country Office Contacts

Main Office Contact
Immeuble Libreville Business Square (LBS) ex GML
BP 4027
Libreville, Gabon
+241 01 79 49 00
+241 01 74 96 05
For general information and inquiries
Odilia R. Hebga
External Affairs Officer
Yaoundé, Cameroon
For project-related issues and complaints