Economy of Gabon

Common card · No. 432970

Gabon has a developing economy. It is characterized by strong links with France, large foreign investments, dependence on skilled foreign labor, and decline of agriculture. It has a per capita income four times that of most nations of Africa, but its reliance on resource extraction industry fails to release much of the population from extreme poverty; as much as 30% of the population lives under the poverty threshold. Gabon had a free market economy from the 1990s, although some sources described Gabon as a mixed economic system with a heavy reliance on oil, combined with relatively weak centralized economic planning and government regulation. Current President Brice Clotaire Oligui Nguema initially advocated for a free market economy system, but since mid-2025 has embraced economic nationalism, which shows in his support of nationalization.

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