Gabon boasts a per capita income four times that of most sub-Saharan African nations. Oil was discovered offshore in the early 1970s, and the economy relied on it for about 50% of its GDP, about 70% of revenues, and 87% of goods exports in 2010. However, some fields have passed their peak production. Gabon has an abundance of natural wealth but faces fluctuating prices for its oil, timber and manganese exports. President Ali Bongo Ondimba has made efforts to increase transparency and is trying to make Gabon a more attractive investment destination.

Name Gabonese Republic

Capital Libreville

Frequency of elections Every seven years

Name of parliament National Assembly

Parliament website www.gouvernement.ga

Languages French, Fang, Myene, Nzebi, Bapounou/Eschira, Bandjabi

Area 267 667 km²

Population 1 672 597 (July 2014 est)

Imports Machinery and equipment, foodstuffs, chemicals, construction materials

Exports Crude oil, timber, manganese, uranium

Currency Coopération Financière en Afrique Centrale franc

Source: CIA World Factbook
Image: Greatstock/Corbis