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Gabon

Welcome to the price transmission page for Gabon. This page enables you to look into the country and its crops more specifically to gain an understanding of the level of risk and also, to view its historic warning periods per commodity. Select a time range or a specific date to view the data in more detail.

Gabon

Historic Warnings per Commodity

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Background information

Gabon’s territory is rich in natural resources, but bad management and lack of transparency are restraining an equal distribution of wealth. Oil represents the backbone of the economy, accounting for about half of its GDP and 90% of the export share. Timber and manganese also largely contribute to the trade balance. However, the country faces fluctuating prices for its exports impeding to fully realize substantial gains.

Nearly one-fifth of the land is dedicated to agricultural production, employing three-fifths of the total workforce and contributing 3.7% to GDP. The main crops produced are cocoa, coffee, sugar and palm oil, thus in order to fulfill the domestic demand, nearly 82% of the total cereal consumption is imported.

Gabon is classified as an upper middle-income country with a significantly higher average per capita income than most of its neighboring countries. Nevertheless, high levels of income inequality and high poverty levels remain widespread. In fact, even if the HDI (2014) indicated a medium level of human development attributing a score of 0.684 to the African country, 6% of the population lives in extreme poverty and one-sixth of children under five are stunted.