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Sunday, December 5, 2010

Oil and manganese basic pillar of the economy of Gabon.


Oil and manganese basic pillar of the economy of Gabon:


Make the African Republic of Gabon in recent years great efforts to take advantage of its oil sector as a springboard to expand its economy.

Gabon is the most prosperous countries on the continent, where per capita income four times the average income in the countries of sub-Saharan Africa. And plays oil production off the coast of Gabon's influential role in the economy of the country that still relies largely on natural resources.


Have been published, "Oxford Business Group", a research firm and publishing a report under the heading "Gabon 2010", which sheds light on economic activity and investment opportunities in the country. These efforts towards economic improvement in line with the strategic document for the government "emerging Gabon," which focuses on the contribution of the private sector in driving growth by major investments by the public sector.

According to the latest analysis by the International Monetary Fund works to diversify Gabon's economy despite the decline in oil revenues.

Therefore, experts expect the International Monetary Fund is more optimistic vision of the Gabonese economy. And will state this year, In 2011 a high level of growth after slow growth in 2009 due to the global crisis.

The Fund of Gabon last year, GDP growth 5.1 percent in 2010, but data issued by the Gabonese government has recently indicated a rapid recovery. "

It is expected to increase real GDP to about 5.7 percent in 2010, reflecting increased public investment and a recovery in mining, "according to fund analyst Bernadine Akitobe." We expect growth of real GDP in 2011 to 5.6 percent , with the support of the mining and wood processing, and public investment, "added the analyst.

Akitobe said that above all the decline in oil prices and manganese in the global markets is a most serious threat to the economic prospects of Gabon. "These goods constitute about 90 percent of total exports of goods and 45 percent of the gross domestic product," said Akitobe.

3 comments:

  1. You have written a great blog.Thanks for sharing your ideas.Sometime it is needed to balance the economy so Oil price hiked.Oil is the major source of income.Oil production country are the richest one in the world.It is the basic pillar of any country.

    Thanks
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