Gabon is a relatively stable country located on the Mid-West coast of the African peninsula, bordering the Congo, Equatorial Guinea and Cameroon.
Gabon also has an economical advantage over many of its African neighbours, with resources including timber, oil, manganese, uranium and iron core.
The country’s expansive 267,667 km2 land area is covered with rich rainforests intersected by a network of rivers. With 1.8 million inhabitants, it is one of the least densely populated countries in the region.
Allowing for purchase power parity, Gabon GDP per capita is $20,010.14 (USD), making it the 59th richest country in the world. GDP growth slowed to 2.9 percent in 2016, due to the lower oil prices and has reinforced the need for economic diversification for the country. To this end, the authorities continue implementing major reforms to improve public finances, stimulate the economy and ensure provision of the social benefits envisaged under the country’s human investment strategy.
Two major ports, Owendo and Port-Gentil, handle 80 percent of Gabon’s imports and exports. Located 15 km south of the capital Libreville, Owendo handles the majority of imports, while Port-Gentil deals mostly with exports, primarily oil but also timber.
Gabon has an extensive aviation network, with 35 public airports, including three international facilities, the main one being LMIA, Aéroport de Libreville (ADL). The country’s single-line railway network plays a key role in transporting materials for many industries, including timber, mining and construction, although its reach is limited, there is an ambitious investment plan including a loan of CFA205bn (€307.5m), sought from the IFC.