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Gabon

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Country summary

Capital

Libreville

Borders

Cameroon 298 km, Republic of the Congo 1,903 km, Equatorial Guinea 350 km

Government type

republic; multiparty presidential regime

Population

1,514,993[1]

Population growth

1.934% (2010 est.)[1]

Life expectancy

53.11 years[1]

Unemployment

21% (2006 est.)[1]

Index of Economic Freedom

116[2]

Corruption Perceptions Index

106[3]

Doing Business ranking

158[4]


Until recently, only two autocratic presidents had ruled Gabon since its independence from France in 1960. The recent president of Gabon, El Hadj Omar BONGO Ondimba - one of the longest-serving heads of state in the world - had 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 exposed the weaknesses of formal political structures in Gabon. President BONGO died in June 2009. New elections in August 2009 brought Ali Ben BONGO, son of the former president, to power. 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. In January 2010, Gabon assumed a nonpermanent seat on the UN Security Council for the 2010-11 term.[1]

Economical characteristicsEdit

  • Currency: Central African CFA franc (ISO code: XAF)
  • Central bank discount rate: 4.75% (31 December 2008)[1]
  • Commercial banks lending rate: NA% (31 December 2008)[1]
  • Stock of money (M1): $1.643 billion (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $777.8 million (31 December 2008)[1]


StatisticsEdit

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[5] 4 663 5 068 4 713 4 932 6 055 7 178 8 666 9 546 11 571 14 535
Govt. debt (% of GDP)[6]
Govt. revenue (% of GDP)[7]
Govt. expenses (% of GDP)[8]
Debt to revenue (years)

ReferencesEdit

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Facebook. "Gabon", from The World Facebook. Referenced 2010-10-01.
  2. Heritage Foundation. "Gabon", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-01.
  3. Transparency International. "Gabon", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-10-01.
  4. Doing Business. "Gabon", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-01.
  5. World Bank. "Gabon: GDP", from World Bank Data. Referenced 2010-10-01.
  6. World Bank. "Gabon: government debt", from World Bank Data. Referenced 2010-10-01.
  7. World Bank. "Gabon: government revenue", from World Bank Data. Referenced 2010-10-01.
  8. World Bank. "Gabon: government expenses", from World Bank Data. Referenced 2010-10-01.

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