Gabon :: essays papers

GabonECONOMYGabon has a PCI (per capita income) that is two to four multiplication greater than that of intimately sub-Saharan African nations. The average income in Gabon is just near $6,400 comp ard to the $1,200 of nearly other countries. The higher PCI has helped in the decline of extreme scantness just now because of a high income inequality many families still breathe poor. blue income inequality makes it hard for families to move up in society, they keep where they are at. In 1992 there fiscal deficit widened to 2.4% of there gross domestic product and they did non settle the arrears on the bilateral debt which lead to the cancellation of all the semiofficial and mystic creditors. Fluctuating prices in the oil, timber, and uranium, plus poor fiscal focusing has overly hurt the economy.Gabons GPD (gross domestic product) is estimated to be around 7.7 meg dollars. The GPD is shared into ternion pricks the first being agriculture making up 8%. Gabons agricul ture consists of cocoa, coffee, sugar, palm oil, cattle, and fish. The second section, exertion, contributes 67% of the nations GPD. Gabons industry includes textile, lumbering and plywood, rock oil, cement, manganese, uranium, gold mining, and chemicals. Oil was located of the coast of Gabon in the 1970s. oil color alone now makes up 50% of the gross domestic product. The last section of the gross domestic product is services, making up 25%. Ship repair supplies the most to this socio-economic class of the GDP. Gabon exports close to $2.1 billion a year and imports an average of $890 million. The US, China, France, and japan are there leading partners for exports. The US receives 67% of Gabons exports a year. Machinery and equipment, foodstuffs, chemicals, petroleum products, and construction materials are included in Gabons imports. France imports about 38% followed by the US, Cameroon, and the Netherlands. The CFAF (Communaute Financiere Africaine franc) is Gabons currency. The CFAF started of as the French currency the Franc. The commuting point for every US dollar is 577.61 CFAFs. The inflation rate for the CFAF is about 2% as of January 1999.Gabons labor force works in three sectors, agriculture, industry and commerce, and services. Even though agriculture supplies only 8% of the GDP it makes up 65% of the labor force. Workers raise foods such as cassava, plantains, sugarcane, lemon (maize), peanuts (groundnuts), bananas, palm oil, and cacao.Gabon essays papersGabonECONOMYGabon has a PCI (per capita income) that is two to four times greater than that of most sub-Saharan African nations. The average income in Gabon is about $6,400 compared to the $1,200 of some other countries. The higher PCI has helped in the decline of extreme poverty but because of a high income inequality many families still remain poor. High income inequality makes it hard for families to move up in society, they remain where they are at. In 1992 there fiscal d eficit widened to 2.4% of there GDP and they did not settle the arrears on the bilateral debt which lead to the cancellation of all the official and private creditors. Fluctuating prices in the oil, timber, and uranium, plus poor fiscal management has also hurt the economy.Gabons GPD (gross domestic product) is estimated to be around 7.7 billion dollars. The GPD is divided into three sections the first being agriculture making up 8%. Gabons agriculture consists of cocoa, coffee, sugar, palm oil, cattle, and fish. The second section, industry, contributes 67% of the nations GPD. Gabons industry includes textile, lumbering and plywood, petroleum, cement, manganese, uranium, gold mining, and chemicals. Oil was located of the coast of Gabon in the 1970s. Petroleum alone now makes up 50% of the GDP. The last section of the GDP is services, making up 25%. Ship repair supplies the most to this category of the GDP. Gabon exports about $2.1 billion a year and imports an average of $890 million. The US, China, France, and Japan are there leading partners for exports. The US receives 67% of Gabons exports a year. Machinery and equipment, foodstuffs, chemicals, petroleum products, and construction materials are included in Gabons imports. France imports about 38% followed by the US, Cameroon, and the Netherlands. The CFAF (Communaute Financiere Africaine franc) is Gabons currency. The CFAF started of as the French currency the Franc. The exchange rate for every US dollar is 577.61 CFAFs. The inflation rate for the CFAF is about 2% as of January 1999.Gabons labor force works in three sectors, agriculture, industry and commerce, and services. Even though agriculture supplies only 8% of the GDP it makes up 65% of the labor force. Workers raise foods such as cassava, plantains, sugarcane, corn (maize), peanuts (groundnuts), bananas, palm oil, and cacao.