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Laboratoire de la finance africaine

Gabon (CEMAC)

Preview 2018
Projected Real GDP Growth (% Change) : 3.4
GDP (current, USD Bn) : 16.90
Projected Consumer Prices (% Change) : 3.4
Country Population : 2.11 million
Economic performance and outlook

Gabon’s economic recovery continued in 2019, thanks to the momentum of nonoil activities (mines, timber, rubber, and palm oil), with estimated real GDP growth of 3.4% in 2019 (0.8% in 2018), driven by the exploitation of new oil wells (up 11.8%), nonoil exports (18.6%), and total investment (4.5%). The inflation rate declined from 4.8% in 2018 to 3.4% in 2019, approaching the CEMAC community target of 3%.

(Download detailed Analysis Source : Report African Economic Outlook 2020 ; AfDB)

Financial markets

In the end of 2019, the banking sector of Gabon (member of the CEMAC) represented a total asset of $ 2.2 billion.

Credit distributed to private sector in 2019 represents $ 1.9 billion.