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Country Analysis Brief: Gabon

January 19, 2012 Comments off

Country Analysis Brief: Gabon
Source: Energy Information Administration

Gabon is an established oil producing country in West Africa and has enjoyed decades of economic growth and political stability in comparison to other countries in the region. Oil production undergirds Gabon’s economy, accounting for 45 percent of gross domestic product (GDP) and 60 percent of government revenue, according to the World Bank.

Categories: energy, Energy Information Administration, Gabon

External Sustainability of Oil-Producing Sub-Saharan African Countries

August 28, 2011 Comments off

External Sustainability of Oil-Producing Sub-Saharan African Countries
Source: International Monetary Fund

In the extensive empirical work carried out across the IMF on oil-producing sub-Saharan African (SSA) countries, the notion of “sustainability” is often directed toward fiscal policies, and, in particular, views on the “optimal” non-oil primary fiscal deficit. The bulk of this work does not, however, address external sustainability, which is a concern especially for those SSA oil producers operating under a fixed exchange rate regime. A couple of recent papers have extended the existing methodologies to assess external sustainability for some oil-producing countries but they do not focus on those in sub-Saharan Africa. In this paper, we bolster this empirical work by providing a range of estimates for the long-run external current external account balance for each of the SSA oil-producing countries, based on three widely used methodologies in the IMF. Our research strategy is to apply these models to the eight countries in the subregion – Angola, Cameroon, Chad, Côte d’Ivoire, Equatorial Guinea, Gabon, Nigeria, and the Republic of Congo – using similar simplifying assumptions so that we are using the same lens to view how they do and do not differ.

+ Full Paper (PDF)

Categories: Angola, Cameroon, Côte d’Ivoire, Chad, energy, Equatorial Guinea, Gabon, International Monetary Fund, Nigeria
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