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Gabon Economy
GDP:
purchasing power parity - $7.301 billion (2003 est.)
GDP - real growth rate:
1.2% (2003 est.)
GDP - per capita:
purchasing power parity - $5,500 (2003 est.)
GDP - composition by sector:
agriculture: 8.1%
industry: 48.8%
services: 43.1% (2003 est.)
Investment (gross fixed):
22.7% of GDP (2003)
Population below poverty line:
NA
Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices):
0.5% (2003 est.)
Labor force:
610,000 (2003)
Labor force - by occupation:
agriculture 60%, industry 15%, services 25%
Unemployment rate:
21% (1997 est.)
Budget:
revenues: $1.771 billion
expenditures: $1.413 billion, including capital expenditures of $310 million (2003 est.)
Public debt:
31.5% of GDP (2003)
Industries:
petroleum extraction and refining; manganese, and gold mining; chemicals; ship repair; food and beverage; textile; lumbering and plywood; cement
Industrial production growth rate:
1.6% (2002 est.)
Electricity - production:
798.4 million kWh (2001)
Electricity - production by source:
fossil fuel: 34.5%
hydro: 65.5%
other: 0% (2001)
nuclear: 0%
Electricity - consumption:
742.5 million kWh (2001)
Electricity - exports:
0 kWh (2001)
Electricity - imports:
0 kWh (2001)
Oil - production:
301,300 bbl/day (2001 est.)
Oil - consumption:
13,000 bbl/day (2001 est.)
Oil - exports:
NA (2001)
Oil - imports:
NA (2001)
Oil - proved reserves:
2.45 billion bbl (1 January 2002)
Natural gas - production:
80 million cu m (2001 est.)
Natural gas - consumption:
80 million cu m (2001 est.)
Natural gas - exports:
0 cu m (2001 est.)
Natural gas - imports:
0 cu m (2001 est.)
Natural gas - proved reserves:
66.47 billion cu m (1 January 2002)
Agriculture - products:
cocoa, coffee, sugar, palm oil, rubber; cattle; okoume (a tropical softwood); fish
Current account balance:
$-101 million (2003)
Exports:
$2.891 billion f.o.b. (2003 est.)
Exports - commodities:
crude oil 77%, timber, manganese, uranium (2001)
Exports - partners:
US 51.4%, France 8.7%, China 7.4%, Japan 4% (2003 est.)
Imports:
$1.079 billion f.o.b. (2003 est.)
Imports - commodities:
machinery and equipment, foodstuffs, chemicals, construction materials
Imports - partners:
France 49.7%, US 5.2%, UK 4.5% (2003 est.)
Reserves of foreign exchange & gold:
$201.9 million (2003)
Debt - external:
$3.284 billion (2003 est.)
Economic aid - recipient:
$331 million (1995)
Currency:
Communaute Financiere Africaine franc (XAF); note - responsible authority is the Bank of the Central African States
Currency code:
XAF
Exchange rates:
Communaute Financiere Africaine francs (XAF) per US dollar - 581.2 (2003), 696.988 (2002), 733.039 (2001), 711.976 (2000), 615.699 (1999)
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