The Gabonese people are fortunate in comparison to other African nations, in that oil has been discovered in the small African nation, which contributes to the Gabonese economy tremendously. In fact, the oil sector contributes roughly 80 percent of the Gross National Product. As a result of these high oil figures, the nation has the highest per-capita income in sub-Saharan Africa at $7,403, which still yields in comparison to other nations. At $7,403 a year, Gabon has the 88th highest per-capita income in the world. In addition, there is a large and thriving manganese thriving industry in Gabon, which was the largest contributor to the economy until oil was discovered in the 1960s. The Gabonese (though they're usually foreign companies) also mine and extract gold, iron, and uranium. The agricultural sector in the country pales in comparison to the industrial sector, though cassava and sugarcane are grown. Because of this diminished agricultural sector, the country must import their food supply in order to survive. They are able to afford this because of their petroleum, mineral, and timber exports. This fact also makes Gabon unique on the African continent, because most African countries practice subsistence farming and rarely export products or crops.
The country of Gabon has been fortunate to have much better political stability that most other African countries, and only two rulers have ruled the country since Gabon declared independence from France. The current president of Gabon is a gentleman named El Hadj Omar Bongo Ondimba (typically known simply as Omar Bongo), has been president since 1967, making him one of the world's longest heads of state. Over his tenure, there have been allegations of fraud and corruption as well as rigging of the recently held multiparty elections, but none of these allegations have been proven as of yet. Though Omar Bongo is officially an autocratic ruler, the country is gradually making the transformation to a respectable democracy.
Published by Mac Walton
I'm amateur journalist who has a passion for writing and political analysis, as such, most of my articles relate to political science. View profile
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