Economic diversification away from the oil sector has been limited and hydrocarbons still account for around 75% of exports, 65% of government revenues and 60% of Gabon's GDP. The outlook for economic growth depends partly on the success of the policy of diversification away from oil and partly, particularly in the short term, on global demand and prices for that commodity.
With the support of the IMF, Gabon is attempting to improve the overall business environment and attractiveness of the country for international investors. External liquidity indicators remain sound, with the current account of the balance of payments recording surpluses (albeit declining), FX reserves providing import cover of six months and relatively low external debt ratios.
With the support of the IMF, Gabon is attempting to improve the overall business environment and attractiveness of the country for international investors. External liquidity indicators remain sound, with the current account of the balance of payments recording surpluses (albeit declining), FX reserves providing import cover of six months and relatively low external debt ratios.
