Economy of Gabon

[11] Gabon on paper enjoys a per capita income four times that of most nations of Africa, but its reliance on resource extraction industry fail to release much of the population from extreme poverty, as much of 30% of the population lives under the poverty threshold (Many Foreign Guest Workers).

The country is the fifth largest oil producing nation in Africa, which has helped drive its strong growth in the later 20th century.

Although there have been recent offshore finds,[13][14] oil production is now declining from its peak of 370,000 barrels per day (59,000 m3/d) in 1997, and periods of low oil prices have had a negative impact on government revenues and the economy.

The remainder of the country is still sparsely populated, as those areas remain densely forested.

Labour force - by occupation: agriculture 60%, services and government 25%, industry and commerce 15% (2000 est.)

Natural gas - proven reserves 28.32 billion cu m (1 January 2008 est.)

Electricity - imports: 0 kWh (1998) Agriculture - products: cocoa, coffee, sugar, palm oil, rubber; cattle; okoume (a tropical hardwood); fish Current account - balance $591 million (2010 est.)

Currency: 1 Communauté financière africaine franc (CFAF) = 100 centimes Exchange rates: Communauté financière africaine francs (CFAF) per US$1 – 507.71 (2010), 472.19 (2009), 447.81 (2008), 481.83 (2007), 522.89 (2006), 647.25 (January 2000), 615.70 (1999), 589.95 (1998), 583.67 (1997), 511.55 (1996), 499.15 (1995) note: since 1 January 1999, the CFAF is pegged to the euro at a rate of 655.957 CFA francs per euro The following table shows the main economic indicators in 1980–2017.