While it contracted by 1.8 percent in 2020, Gabon's GDP growth rebounded to 1.3 percent in 2021. Inflation eased to 1.1 percent in 2021 from 1.3 percent in 2020. In March 2022, BEAC increased its interest rate on tenders from 3.5 percent to 4 percent and its marginal lending rate from 5.25 percent to 5.75 percent to rebuild regional foreign exchange reserves; from 2020 to 2021, these reserves increased from 3 months to 3.6 months of imports. The current account deficit narrowed from 6 percent in 2020 to 3.5 percent in 2021. (Download detailed Analysis Source : Report African Economic Outlook 2022 ; AfDB)
Gabon is a member of the Economic and Monetary Community of Central Africa (CEMAC) and is a member of the Central African Stock Exchange (BVMAC), a stock exchange common to all six (6) countries of the union. At the end of December 2022, BVMAC had 6 listed companies representing a market capitalization of $0.1 billion. Foreign direct investment flows to Gabon have shown an upward trend during the 2017-2019 period. In 2020 and 2021, they recorded successive declines of 11% and 5% respectively and will amount to $1,634.8 million in 2021.
