Celtel Gabon
Country Commercial Guide - US Embassy, Libreville
(return to table of contents) Chapter II - Economic Trends and Outlook Major Trends and Outlook Gabon's economy is characterized by the distortions typical of many resource rich countries, in which excessive demand for non-tradable goods raises factor costs, making diversification into non-resource intensive tradable products difficult (Dutch Disease). As a result, the foundation for diversified growth in Gabon has been lacking to date. The economy is dominated by the oil sector, which accounts for more than half of government revenue, almost 40 percent of GDP, 50 to 60 percent of gross investment, and over three-quarters of merchandise expor ... [Read More]
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