ecember 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):
$10.21 billion (2006 est.)

GDP (official exchange rate):
$7.052 billion (2006 est.)

GDP - real growth rate:
2.8% (2006 est.)

GDP - per capita (PPP):
$7,200 (2006 est.)

GDP - composition by sector:
agriculture: 5.9%
industry: 59.7%
services: 34.4% (2006 est.)

Labor force:
581,000 (2006 est.)

Labor force - by occupation:
agriculture: 60%
industry: 15%
services: 25%

Unemployment rate:
21% (1997 est.)

Population below poverty line:
NA%

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices):
2.2% (2006 est.)

Investment (gross fixed):
22.4% of GDP (2006 est.)

Budget:
revenues: $3.1 billion
expenditures: $2.181 billion; including capital expenditures of $325
million (2006 est.)

Public debt:
28.6% of GDP (2006 est.)

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:
1.6% (2002 est.)

Electricity - production:
1.543 billion kWh (2004)

Electricity - production by source:
fossil fuel: 34.5%
hydro: 65.5%
nuclear: 0%
other: 0% (2001)

Electricity - consumption:
1.435 billion kWh (2004)

Electricity - exports:
0 kWh (2004)

Electricity - imports:
0 kWh (2004)

Oil - production:
268,900 bbl/day (2005 est.)

Oil - consumption:
13,000 bbl/day (2004 est.)

Oil - exports:
NA bbl/day (2001)

Oil - imports:
NA bbl/day (2001)

Oil - proved reserves:
1.827 billion bbl (2006 est.)

Natural gas - production:
100 million cu m (2004 est.)

Natural gas - consumption:
100 million cu m (2004 est.)

Natural gas - exports:
0 cu m (2004 est.)

Natural gas - imports:
0 cu m (2004 est.)

Natural gas - proved reserves:
3