Gabon

Gabon is a country located in Central Africa, bordered by Equatorial Guinea to the northwest, Cameroon to the north, the Republic of the Congo to the east and south, and the Gulf of Guinea to the west. The official language is French, and the currency is the Central African CFA franc. The country has a population of around 2 million people. Gabon has a diverse culture and a long history, with influences from the Bantu and Fang ethnic groups.

Gabon is a presidential republic with a history of political stability. The country has been ruled by the same political party, the Gabonese Democratic Party, since 1968, and the current president, Ali Bongo Ondimba, has been in power since 2009.

Gabon has a small, oil-based economy with a per capita GDP of around $8,600 in 2020. The country has been heavily dependent on its oil and gas sector, which accounts for around 80% of government revenue and exports. The country's oil production has been in decline in recent years due to maturing fields and lack of new discoveries, which has led to a decrease in government revenue and economic growth.

The country's economy was hit hard by the global fall in oil prices in 2020. The government has been implementing economic reforms to diversify the economy and reduce its dependence on oil, such as investing in infrastructure and promoting tourism, but progress has been slow.... Show more