The 2008 CIA World Factbook. United States. Central Intelligence Agency
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branch:
Supreme Court or Cour Supreme consisting of three chambers - Judicial, Administrative, and Accounts; Constitutional Court; Courts of Appeal; Court of State Security; County Courts
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]
Political pressure groups and leaders:
NA
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,
MINURCAT, NAM, OIC, OIF, OPCW, UN, UNAMID, UNCTAD, UNESCO, UNIDO,
UNMIS, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO
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
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; pouch:2270 Libreville Place, Washington, DC 20521–2270 telephone: [241] 76 20 03 through 76 20 04, after hours - 07380171 FAX: [241] 74 55 07
Flag description:
three equal horizontal bands of green (top), yellow, and blue
Economy
Gabon
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.
GDP (purchasing power parity):
$20.44 billion (2007 est.)
GDP (official exchange rate):
$11.3 billion (2007 est.)
GDP - real growth rate:
6.2% (2007 est.)
GDP - per capita (PPP):
$14,000 (2007 est.)
GDP - composition by sector:
agriculture: 6.1% industry: 58% services: 35.9% (2007 est.)
Labor force:
582,000 (2007 est.)
Labor force - by occupation:
agriculture: 60% industry: 15% services: 25%
Unemployment rate:
21% (2006 est.)
Population below poverty line:
NA%
Household income or consumption by percentage share:
lowest 10%: NA% highest 10%: NA%
Investment (gross fixed):
24.2% of GDP (2007 est.)
Budget:
revenues: $3.536 billion expenditures: $2.347 billion (2007 est.)
Fiscal year:
calendar year
Public debt:
52.8% of GDP (2007 est.)
Inflation rate (consumer prices):
5% (2007 est.)
Central bank discount rate:
5.25% (31 December 2007)
Commercial bank prime lending rate:
15% (31 December 2007)
Stock of money:
$1.547 billion (31 December 2007)
Stock of quasi money:
$799.3 million (31 December 2007)
Stock of domestic credit:
$359.8 million (31 December 2007)
Agriculture - products:
cocoa, coffee, sugar, palm oil, rubber; cattle; okoume (a tropical softwood); fish
Industries:
petroleum extraction and refining; manganese, gold; chemicals, ship repair, food and beverages, textiles, lumbering and plywood, cement
Industrial production growth rate:
5.2% (2007 est.)
Electricity - production:
1.671 billion kWh (2006 est.)
Electricity - consumption:
1.365 billion kWh (2006 est.)
Electricity - exports:
0 kWh (2007 est.)
Electricity - imports:
0 kWh (2007 est.)
Electricity