Gabon: Selected Issues

March 18, 2016

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Format: Chicago

Gabon: Selected Issues, (USA: International Monetary Fund, 2016) accessed November 22, 2024

Also available in: français

Summary

This paper discusses impact of the falling oil prices on the Gabon’s economy. With oil accounting for roughly 40 percent of its GDP, 45 percent of its government revenues, and nearly 85 percent of its exports in 2014, Gabon’s economic growth prospects depend on how it copes with the recent oil-price slumps. Economic performance during major oil-price declines clearly illustrates the vulnerability of Gabon and other oil-dependent countries in sub-Saharan Africa. The recent oil-price slump is bound to generate a major deceleration of Gabon’s non-oil economy. Given the strength of the government transmission channel, the authorities should support economic activity (through productive spending) while ensuring fiscal sustainability.

Subject: Commercial banks, Credit, Economic sectors, Financial institutions, Financial sector, Money, Nonperforming loans, Oil prices, Prices

Keywords: CFAF terms, Commercial banks, CR, Credit, Economic activity, Financial sector, GDP, Global, ISCR, Nonperforming loans, Oil prices, Oil-price decline, Oil-price fall, Oil-price shock, Oil-price shock, Oil-price slump, Price, Slump scenario, Sub-Saharan Africa

Publication Details

Pages:

25
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/087
Stock No:

1GABEA2016002
ISBN:

9781475542141
ISSN:

1934-7685

Notes

Also Available in French

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