The ISO code of Gabon is GA according to the ISO 3166 standard. The local name of the country is the same as its English name. Gabon capital city is Libreville. People in Gabon speak the French language. On 17 August 1960, Gabon emerged as a sovereign political entity. In the year 08/17/1960, Gabon emerged as a sovereign political entity. The largest city in Gabon is Libreville.
Gabon is located in the UTC +01:00 time zone, which is also called West Africa Time or WAT. The internet country code top-level domain (ccTLD) for Gabon is .ga. The International dialing code for Gabon is 241. People in Gabon drive on the right side of the road. Total land area of Gabon is 267,667 km² (approx. 103,346 mi²). Gabon is not a landlocked country. It means that is is bordered by at least one major body of water.
Gabon is located in Africa. Gabon is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently Gabon faces various issues, including deforestation, poaching.
Doing business in Gabon
We offer various corporate services in Gabon jurisdiction. These services can serve both, people coming from Gabon and foreigners. If you plan on doing business in Gabon you might be interested in contacting us.
To find out about starting your business in Gabon click on company formation in Gabon.
To find out how to open a bank account in Gabon and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Gabon.
Choose preferred service below or continue reading to find out more about Gabon.
Demographics of Gabon
The total population of Gabon is 2,067,561 people. In Gabon, the population density is 6.25 people per square kilometer (16 per square mile). Because of this statistic, this country is considered to be very sparsely. The ethnic diversity is very diverse according to a fractionalization scale which for Gabon is 0.769. Gabon has approximately 394953 foreign immigrants. The median age is approximately 18.6 years. In Gabon, 8.62 in every 100 people use internet. Gabon has a Human Development Index (HDI) of 0.674.
The majority religion of Gabon is Christianity, Gabon is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Gabon.
Culture of Gabon
People in Gabon speak the French language. According to data on inbound tourists in Gabon, 400,000 tourists arrive in the country each year. One of the most popular national dishes of Gabon is poulet nyembwe. To read more click on culture of Gabon.
Geography of Gabon
Gabon is considered to be a large nation because of its total area. Its total land area is 267,667 km² (approx. 103,346 mi²). Gabon is located in Africa. Its capital city is Libreville. Gabon has 3 neighbouring countries. Its neighbours include Cameroon, Republic of the Congo, and Equatorial Guinea. Total length of land borders of Gabon is 3261 kilometers (~1,259 miles).
The highest point of Gabon is Mont Bengoué, with its official height being 1070 m (3,511 ft). Including land mass and EEZ, the total area of Gabon is approximately 470,457 km² (~181,644 mi²). The most notable natural resources found in Gabon are petroleum, natural gas, diamonds, niobium, manganese, uranium, gold, timber, iron ore, hydropower.To read more click on geography of Gabon.
Economy of Gabon
The currency of the country is Central African CFA Franc. The symbol used for this currency is Fr, and it is abbreviated as XAF. 19.6% of population in the country are unemployed. The total number of unemployed people in Gabon is 405,242. Each year, Gabon exports around $9.78 billion and imports roughly $3.93 billion. The Gini Index of the country is 60. Gabon has a Human Development Index (HDI) of 0.674.The Global Peace Index (GPI) for Gabon is 1.904. Gabon has a government debt of 39.72% of the country's Gross Domestic Product (GDP), as assessed in 2014. Gabon is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are petroleum extraction and refining, manganese, gold, chemicals, ship repair, food and beverages, textiles, lumbering and plywood, cement.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Gabon is $32,912 billion. Each year, consumers spend around $3,817 million. The ratio of consumer spending to GDP in Gabon is 0%, and the ratio of consumer spending to the world consumer market is 0.011. The corporate tax in Gabon is set at 35%. Personal income tax ranges from 5% to 35%, depending on your specific situation and income level. VAT in Gabon is 18%. In 2013, Gabon received 73.2 million USD in foreign aid.In 2014, the foreign aid amounted to 72.5 USD.To read more click on economy of Gabon.
Infrastructure of Gabon
Infrastructure quality in Gabon is rated to be at 2.08. It indicates a mediocre quality - roads, railroad, ports and other facilities are able to handle somewhat significant traffic, but not enough to ensure smooth transit at all times.
In Gabon, 89.3% of the population has access to electricity. There are 127 internet hosts in Gabon. Gabon has 44 airports nationwide.
The logistics performance index of Gabon is 2.2. It indicates a mediocre performance - shipping procedures are relatively unreliable, timeliness and safety of transferred goods are often a problem, although such a system may function relatively well if traffic is no too dense.
Tracking possibilities for shipments are rated at 1.92. It indicates a mediocre performance - the tracking systems provide some degree of information which usually includes the most necessary topics, such as the current location of a shipment, the dates of arrival and departure and the status of a shipment; still, more detailed information about the status and multi-language accessibility options are usually lacking.
The number of road motor vehicles per 1000 inhabitants in Gabon is 122. To read more click on infrastructure of Gabon.
Politics of Gabon
Gabon, is a dominant-party presidential republic. With regard to political and civil freedoms, Gabon is 3. Citizens in Gabon experience little to no civil liberties and political rights. Citizens are not free to express themselves and do not enjoy political freedom or a representative government. Countries with this political situation are dangerous for investment, as an authoritarian government may have outsize control over economic matters. The head of the government is Ali Bongo Ondimba.
According to the World Bank Group, the government effectiveness index of Gabon is -0.66. This indicates that the government of Gabon is ineffective. Public and civil services are severely handicapped, leading to potential for social and political upheaval.In Gabon, the legislative power is vested in a Parliament. The Global Peace Index (GPI) for Gabon is 1.904. The strength of legal rights index for Gabon is 6. Overall, it is considered to be rather adequate - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders at least decently; credit information is msotly sufficient and generally available. In 2013, Gabon received 73.2 million USD in foreign aid. In 2014, the foreign aid amounted to 72.5 USD. Gabon is a member of the United Nations (UN). On 20 September 1960, it joined the UN as a full member state. Gabon is a member of the African Union (AU). On 25 May 1963, it joined the AU as a full member state. Gabon is a member of the World Bank. To read more click on politics of Gabon.
Environment of Gabon
Gabon emits 1.4 metric tons per capita of CO2. 227517 km² of Gabon's territory is covered in forests. and forest land comprises 85% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Gabon is 122. To read more click on environment of Gabon.
Company formation in Gabon
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Gabon.
When establishing a company in Gabon, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Gabon that will affect the establishment and growth of one's business. Contact us or click on company formation in Gabon to read additional information when setting up a business.
Bank account opening in Gabon
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Gabon. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Gabon, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Gabon or contact us.