Key View

• We at Fitch Solutions expect the Gabonese economy to expand by 2.6% in real terms in 2021, following an estimated contraction of 1.8% in 2020.
• The oil sector will be a major driver of this growth as higher prices and fewer Covid-19 restrictions lead to rising production and a positive outlook for investment.
• Government spending will

Key View: We forecast real household spending in Gabon to accelerate in 2021, growing by 4.1% y-o-y from 0.9% y-o-y in 2020, after the Covid-19 pandemic resulted in weaker growth due the disruption to economic activity. On March 11 2021, Gabon’s authorities announced that they are maintaining the country’s Covid-19 measures that were implemented

Key View

• We at Fitch Solutions expect real GDP growth in Gabon to rise to 3.6% in 2020 and 3.9% in 2021, from an estimated 3.3% in 2019, due to a brighter outlook for the oil sector.
• We also remain relatively upbeat on the country’s diversification efforts, with agribusiness and mining set to be increasingly important growth drivers over the

Key View

• The right steps are being taken to improve the upstream industry with Gabon’s efforts to increase oil production through the introduction of a New Hydrocarbon Code and the 12th Shallow and Deep Water Licensing Round, currently under way and expected to close in January 2020.
• Dividends from improved fiscal terms have already been