United States. Central Intelligence Agency

“ Economy Gabon Economy - overview: Gabon enjoys a per capita income four times that of most nations of sub-Saharan Africa. This has supported a sharp decline in extreme poverty; yet because of high income inequality a large proportion of the population remains poor. Gabon depended on timber and manganese until oil was discovered offshore in the early 1970s. The oil sector now accounts for 50% of GDP. Gabon continues to face fluctuating prices for its oil, timber, and manganese exports. Despite the abundance of natural wealth, poor fiscal management hobbles the economy. ”

“ Presidential elections scheduled for 2005 are unlikely to bring change since the opposition remains weak, divided, and financially dependent on the current regime. Despite political conditions, a small population, abundant natural resources, and considerable foreign support have helped make Gabon one of the more prosperous and stable African countries. ”

“ Irrigated land: 150 sq km (1998 est.) Natural hazards: NA Environment - current issues: deforestation; poaching Environment - international agreements: party to: Biodiversity, Climate Change, Desertification, Endangered Species, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Tropical Timber 83, Tropical Timber 94, Wetlands
signed, but not ratified: none of the selected agreements Geography - note: a small population and oil and mineral reserves have helped Gabon become one of Africa's wealthier countries ”