Economic and Fiscal Update

Growth is Now Mainly Driven by the Non-Oil Sector The Emerging Gabon Strategic Plan has been a strong driver of diversification for the economy. The share of the non-oil GDP in total nominal GDP increased from 67% in 2011 to 74% in 2014. Overall growth remained high in 2014 despite the negative growth of the oil sector Oil GDP and Non-Oil GDP (% of nominal GDP) ■ Oil GDP ■Non-Oil GDP 50% 33% Y-o-Y Real GDP Growth by Sector (2014e) Primary Sector 1.7% Agriculture, Livestock and Fishing 7.0% 26% Forestry 21.5% Oil (0.3%) Mining (6.8%) 67% 74% 50% 2006 2011 Nominal GDP Contribution by Sector (2014e) Forestry, 0.7% Agriculture, Livestock and Fishing, 2.9% Import Taxes and VAT, 8.3% Non-Commercial Services, 14.4% Oil, 26.2% 2014e Mining, 2.5% Agribusinesses, 1.6% Wood Industries, 1.3% Construction and Public Works, 5.6% Other Tertiary Sector, 14.8% Other Secondary Sector, 15.5% Services, 6.2% Sources: Ministry of Economy, Promotion of Investments and Prospective (1.1%) (3.7%) Secondary Sector Agribusinesses Wood Industries Other Industries Refining Electricity, Water Construction and Public Works (10.8%) Research, Oil Services Tertiary Sector 1.8% 14.5% 28.6% 12.8% 5.8% 6.3% Transport and Telecoms 8.3% Services 4.7% Commerce 3.4% Banking Services 8.6% Import Taxes and VAT 5.7% Non-Commercial Services 5.8% Total Growth 4.3% 7

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