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Get to Know About Gabon
Gabon is located on the equator and lies on the west coast of Central Africa. It covers a total area of 267,667 square kilometers and has a population of 1,979,786 (UN estimate, 2016). The country produces a lot of oil, which accounts for about 46% of the national budget.
Looking at the Human Development Index (HDI), which is 0.702 and the per capita income of $8384, one might say that Gabon is a prosperous economy in the region. However, that is not entirely the case because of the very poor wealth distribution. The richest 20% of the people own about 90% of the money; so, many people live under the poverty line. Additionally, the oil supplies in the country are running out at an alarming rate.
Gabon is largely dependent on imports from France. There are poor infrastructures, and people constantly blame the government for poor debt management. Also, the authorities have been trying, but they are unable to realize any significant incentives for investors, both foreign and local. Anyway, for those who can invest a significant amount and are willing to take on some risks, doing business in Gabon can definitely be an option.
According to the World Bank Ease of Doing Business Index, Gabon is ranked 169 among 190 economies in the world. Anyway, this might change in the coming days, as the government is making more promises these days.