Gabon: selected issues

In: IMF Country Report No. 16/87

Abstract

With oil accounting for roughly 40 percent of its GDP, 45 percent of its government revenues, and nearly 85 percent of its exports in 2014, Gabon's economic growth prospects depend on how it copes with the recent oil-price slumps. Past major oil-price declines caused a contraction in non-oil economic activity. Statistical analysis (including regression analysis) indicates that a major deceleration of Gabon's non-oil economy is likely, albeit at a slower pace than in the past