Central African CFA franc (XAF
Facts about Gabon
Gabon, officially the Gabonese Republic is a state in west central Africa sharing borders with Equatorial Guinea to the northwest, Cameroon to the north, and with the Republic of the Congo curving around the east and south. The Gulf of Guinea, an arm of the Atlantic Ocean is to the west. It covers a land area of nearly 270,000 km² and has an estimated population of 1,500,000. Its capital and largest city is Libreville.
Since its independence from France on August 17, 1960, Gabon has been ruled by three presidents. In the early 1990s, Gabon introduced a multi-party system and a new democratic constitution that allowed for a more transparent electoral process and reformed many governmental institutions. Gabon is also a non-permanent member of the United Nations Security Council for the 2010-2011 term. The small population density together with abundant natural resources and foreign private investment have helped make Gabon one of the most prosperous countries in Sub-Saharan Africa, with the highest HDI and the third highest GDP per capita (PPP) (after Equatorial Guinea and Botswana) in the region.