Cover of The Report Gabon 2012

The Report: Gabon 2012

Since 1953, when oil was first discovered near Port-Gentil, Gabon’s economy has been dominated by the petroleum industry. According to the BP “Statistical Review of World Energy 2012”, Gabon is the sixth-largest crude oil producer in sub-Saharan Africa and has the region’s fourth-largest proven reserves.

Gabon has rebounded strongly from the economic crisis of 2008-09. As the economy still depends largely on natural resrource extraction, low prices and weak global demand for commodities in 2009 shrank GDP by 1.4%, according to statistics provided by the DGEPF. Growth, however, returned in 2010 and has remained robust since. The economy grew by 6.7% in 2011 and is forecast to grow at 5.6% in 2012, according to the DGEPF.

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OBG & Gabon