Gabon Energy Market Report | Energy Market
This analysis includes a comprehensive Gabon energy market report and updated datasets. It is derived from the most recent key economic
exports were directed to countries in Asia. Seven out of the ten top destinations for Gabon's exports were locat-ed in Asia, including China and India, which absorbed, respectively, 34 percent and 11 percent of Gabon's exports in the same period.
These policies enabled Gabon to contain energy prices in recent months, with a 0.5 percent increase registered (y-o-y) in December 2022. While these tax exemptions and subsidies have been useful in containing the rise in living costs, they have been adding important spending pressures to the fiscal position.
Strengthening transport and energy in-frastructure would be essential. Gabon's only railway, for example, was blocked for weeks due to landslides at end-December 2022, compromising shipments of wood and manganese as well as the supply of basic goods in affected areas.
Gabon's trade balance is estimated to have increased from 11.5 percent of GDP in 2021 to 43.7 percent of GDP in 2022 (Figure 10). The current account balance is estimated to have strongly improved, from a 4.7 percent of GDP deficit in 2021 to a 6.7 percent of GDP surplus in 2022 (Figure 11).
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