Hidden Bibliographic Details
| Varying Form of Title: | Gabon, 2010 Article IV consultation
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| Other authors / contributors: | International Monetary Fund.
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| ISBN: | 128356727X
9781283567275
9781462335435
1462335438
1455255289
9781455255283
9781455255283
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| Summary: | 1. Oil production over the last 40 years has transformed Gabon into a middle-income country; but income inequality is high, and noncommodity sectors are stagnant. Gabon is among the highest per capita GDP countries in Africa but ranks below the average of middle-income countries on human development indicators. Moreover, government spending has often been inefficient. The richest quintile of the population receives half of national income, yet one-third live in poverty. Oil revenue, channeled through government spending, is a main driver of economic activity, but its volatility and pro-cyclical fiscal policy have caused boom and bust cycles that have been exacerbated at times by rapidly rising and downwardly inflexible wages in the context of a fixed exchange rate regime.
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| Other form: | Print Version: Gabon: 2010 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Gabon. Washington, D.C. : International Monetary Fund,2011 9781455255283
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| Standard no.: | 10.5089/9781455255283.002
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