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Economy, Currency and Foreign Trade

positive balance of trade, exchange rate, French franc, African countries, imports

The currency of Gabon is the CFA franc (712 CFA francs equal U.S.$1; 2000 average). An exchange rate of 50 CFA francs equal to 1 French franc was in force from 1948 to 1994, when the CFA franc was devalued by 50 percent. In 2000 exports earned Gabon $3.9 billion, and imports were valued at $1,360 million. Gabon is one of the few countries in Africa to maintain a positive balance of trade. Principle partners for exports are France, the United States, Germany, and Japan; chief partners for imports are France and other African countries.



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positive balance of trade, exchange rate, French franc, African countries, imports, exports, Japan, France, force, Germany, percent, average, United States

 
 

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