Gabon is located in West Africa, bordering the Atlantic Ocean at the Equator, between Republic of the Congo and Equatorial Guinea. It has a total land area of 267,667 sq km. Gabon has a tropical climate and is always hot and humid. The country’s natural resources include petroleum, natural gas, diamond, niobium, manganese, uranium, gold, timber, iron ore and hydropower and its population is estimated at 1.5 million people. Its capital and largest city is Libreville.
Since its independence from France on August 17, 1960, Gabon has had three presidents. In the early 1990s, Gabon introduced a multi-party system and a new democratic constitution that allowed for a more transparent electoral process and reformed many governmental institutions..
The country has a low population density, abundant petroleum and foreign private investment, have helped to make Gabon one of the most prosperous countries in Sub-Saharan Africa with the third highest GDP per capita (PPP) after Equatorial Guinea and Botswana in the region.
Gabon has abundance of oil revenues which have given it a strong per capita GDP of $8,600, extremely high for the region.
The economy is highly dependent on extraction of abundant primary materials. Prior to the discovery of oil, logging was the pillar of the Gabonese economy. Gabon’s dependence on oil has made its economy and political stability hostage to fluctuations in oil prices.
Gabon’s rainforests teem with wildlife, including lowland gorillas and forest elephants. National parks make up around one tenth of the land area.
General information about Gabon has been summarized to include the following;
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