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Gabon, located on the west coast of Africa, is one of the region's more stable countries. Since independence from France in 1960, Gabon has had just three presidents. Late President Omar Bongo ruled for more than four decades until his death in 2009.
Gabon's economy is dominated by oil. Oil revenues comprise roughly 46% of the government's budget, 43% of gross domestic product (GDP), and 81% of exports. Oil production is now declining rapidly from its high point of 370,000 barrels per day in 1997. Some estimates suggest that Gabonese oil will be expended by 2025.