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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 Economic Outlook. 1  Estimated at 4.2%, growth remained vigorous in 2015 despite falling hydrocarbon prices, which reduced the countryâs tax revenue. 2  In 2015 Gabon continued to adopt reforms intended, among others, to streamline the management of performance-related bonuses in public administration. The great majority of Gabonâs population (at 1.8 million) is urban; efforts to upgrade housing have been undertaken, as well as measures to stimulate rural areas.