its schedule for privatization and administrative reform. The
rebound of oil prices since 1999 have helped growth, but drops in
production have hampered Gabon from fully realizing potential gains,
and will continue to temper the gains for most of this decade. In
December 2000, Gabon signed a new agreement with the Paris Club to
reschedule its official debt. A follow-up bilateral repayment
agreement with the US was signed in December 2001. Gabon signed a
14-month Stand-By Arrangement with the IMF in May 2004, and received
Paris Club debt rescheduling later that year. Short-term progress
depends on an upbeat world economy and fiscal and other adjustments
in line with IMF policies.

GDP (purchasing power parity):

$20.44 billion (2007 est.)

GDP (official exchange rate):

$11.3 billion (2007 est.)

GDP - real growth rate:

6.2% (2007 est.)

GDP - per capita (PPP):

$14,000 (2007 est.)

GDP - composition by sector:

agriculture: 6.1%
industry: 58%
services: 35.9% (2007 est.)

Labor force:

582,000 (2007 est.)

Labor force - by occupation:

agriculture: 60%
industry: 15%
services: 25%

Unemployment rate:

21% (2006 est.)

Population below poverty line:

NA%

Household income or consumption by percentage share:

lowest 10%: NA%
highest 10%: NA%

Investment (gross fixed):

24.2% of GDP (2007 est.)

Budget:

revenues: $3.536 billion
expenditures: $2.347 billion (2007 est.)

Fiscal year:

calendar year

Public debt:

52.8% of GDP (2007 est.)

Inflation rate (consumer prices):

5% (2007 est.)

Central bank discount rate:

5.25% (31 December 2007)

Commercial bank prime lending rate:

15% (31 December 2007)

Stock of money:

$1.547 billion (31 December 2007)

Stock of quasi money:

$799.3 million (31 December 2007)

Stock of domestic credit:

$359.8 million (31 December 2007)

Agriculture - products:

cocoa, coffee, sugar, palm oil, rubber; cattle; okoume (a tropical
softwood); fish

Industries:

petroleum extraction and refining; manganese, gold; chemicals, ship
repair, food and beverages, textiles, lumbering and plywood, cement

Industrial production growth rate:

5.2% (2007 est.)

Electricity - production:

1.671 billion kWh (2006 est.)

Electricity - consumption:

1.365 billion kWh (2006 est.)

Electricity - exports:

0 kWh (2007 est.)

Electricity - imports:

0 kWh (2007 est.)

Ele