Abstract
GABON
Title Page
GABON
STAFF REPORT FOR THE 2024 ARTICLE IV CONSULTATION—INFORMATIONAL ANNEX
May 10, 2024
Prepared By
The African Department (in consultation with other departments)
Contents
FUND RELATIONS
TECHNICAL ASSISTANCE
RELATIONS WITH OTHER INTERNATIONAL FINANCIAL INSTITUTIONS
A. Gabon and the World Bank
B. Gabon and the African Development Bank
STATISTICAL ISSUES
Fund Relations
As of March 31, 2024
Membership Status: Joined: September 10, 1963
1/ Emergency Assistance may include ENDA, EPCA, and RFI.
General Resources Account: | SDR Million | %Quota |
|---|---|---|
Quota | 216.00 | 100.00 |
IMF's Holdings of Currency (Holdings Rate) | 835.29 | 386.71 |
Reserve Tranche Position | 18.06 | 8.36 |
SDR Department: | SDR Million | %Allocation |
Net cumulative allocation | 353.75 | 100.00 |
Holdings | 128.00 | 36.18 |
SDR Million | %Quota | |
Emergency Assistance 1/ | 148.50 | 68.75 |
Extended Arrangements | 488.83 | 226.31 |
1/ Emergency Assistance may include ENDA, EPCA, and RFI.
General Resources Account: | SDR Million | %Quota |
|---|---|---|
Quota | 216.00 | 100.00 |
IMF's Holdings of Currency (Holdings Rate) | 835.29 | 386.71 |
Reserve Tranche Position | 18.06 | 8.36 |
SDR Department: | SDR Million | %Allocation |
Net cumulative allocation | 353.75 | 100.00 |
Holdings | 128.00 | 36.18 |
SDR Million | %Quota | |
Emergency Assistance 1/ | 148.50 | 68.75 |
Extended Arrangements | 488.83 | 226.31 |
1/ Emergency Assistance may include ENDA, EPCA, and RFI.
Latest Financial Commitments::
1/ Undrawn outright disbursem*nts (RFI and RCF) expire automatically 60 days following the date of commitment, i.e., Board approval date.
Arrangements: | ||||
|---|---|---|---|---|
Type | Date of Arrangement | Expiration Date | Amount Approved (SDR Million) | Amount Drawn (SDR Million) |
EFF | Jul 28, 2021 | Jul 27, 2024 | 388.80 | 197.10 |
EFF | Jun 19, 2017 | Jun 18, 2020 | 464.40 | 375.06 |
Stand-By | May 07, 2007 | May 06, 2010 | 77.15 | 0.00 |
Outright Loans: | ||||
Type | Date of Commitment | Date Drawn/Expired | Amount Approved (SDR Million) | Amount Drawn (SDR Million) |
RFI1/ | Jul 31, 2020 | Aug 04, 2020 | 108.00 | 108.00 |
RFI1/ | Apr 09, 2020 | Apr 13, 2020 | 108.00 | 108.00 |
1/ Undrawn outright disbursem*nts (RFI and RCF) expire automatically 60 days following the date of commitment, i.e., Board approval date.
Arrangements: | ||||
|---|---|---|---|---|
Type | Date of Arrangement | Expiration Date | Amount Approved (SDR Million) | Amount Drawn (SDR Million) |
EFF | Jul 28, 2021 | Jul 27, 2024 | 388.80 | 197.10 |
EFF | Jun 19, 2017 | Jun 18, 2020 | 464.40 | 375.06 |
Stand-By | May 07, 2007 | May 06, 2010 | 77.15 | 0.00 |
Outright Loans: | ||||
Type | Date of Commitment | Date Drawn/Expired | Amount Approved (SDR Million) | Amount Drawn (SDR Million) |
RFI1/ | Jul 31, 2020 | Aug 04, 2020 | 108.00 | 108.00 |
RFI1/ | Apr 09, 2020 | Apr 13, 2020 | 108.00 | 108.00 |
1/ Undrawn outright disbursem*nts (RFI and RCF) expire automatically 60 days following the date of commitment, i.e., Board approval date.
VI. Overdue Obligations and Projected Payments to Fund1/
(SDR Million; based on existing use of resources and present holdings of SDRs)
1/ When a member has overdue financial obligations outstanding for more than three months, the amount of such arrears will be shown in this section.
Implementation of HIPC Initiative: Not Applicable
Implementation of Multilateral Debt Relief Initiative (MDRI): Not Applicable
Implementation of Catastrophe Containment and Relief (CCR): Not Applicable
Safeguard Assessments: The Bank of the Central African States (BEAC) is the regional central bank of the Central African Economic and Monetary Community (CEMAC). Under the IMF safeguards policy and in line with the four-year cycle for safeguards assessments of regional central banks, a safeguards assessment was completed in 2022. The 2022 assessment noted that subsequently to the 2017 legal reforms strong governance arrangements remained in place. While external audit arrangements were considered as robust, the assessment encouraged additional strengthening of internal audit mechanisms, risk management, and cyber-resilience and business continuity frameworks. A safeguards monitoring mission took place at end-2023 to follow up on the remaining 2022 safeguards recommendations, an external quality assessment of internal audit, and the current implementation of the governance framework. The mission's preliminary recommendations included the need for onboarding for new members of senior management and the Board and a delegation framework for executive decision-making.
Exchange Rate Arrangements: The de jure and de facto exchange rate arrangement of CEMAC is a conventional peg. Gabon participates in CEMAC and has no separate legal tender. Gabon has accepted the obligations of Article VIII, Sections 2, 3 and 4 but Gabon maintains a 1.5 percent tax on wire transfers abroad, which constitutes an exchange restriction. The regional currency is the CFA franc, which is pegged to the euro at a fixed rate of CFAF 655.957 per euro.
Article IV Consultations: The last Article IV consultation with Gabon was concluded by the Executive Board on December 16, 2019. Gabon is on a 24-month Article IV consultation cycle but change in the political/security situation has resulted in delays.
Technical Assistance
Gabon has received technical assistance (TA) from AFRITAC and the IMF headquarters. TA focused on budget execution, cash and debt management, public investment management, tax reform, external and government statistics, and national accounts. Key TA missions are listed below.
2024 | |
March | AFRITAC mission to improve Public Entities supervision tools |
March | AFRITAC mission on Implementing Gender Budgeting |
February | AFRITAC mission on strengthening revenue forecasting |
2023 | |
November | FAD mission post Tax Administration Diagnostic Assessment Tool (TADAT) |
September September June | STA mission on external sector statistics FAD mission on tax policy (CIT/PIT Directive - ad hoc engagement Budget 2024) FAD mission on tax revenue administration (assessment of tax system using TADAT methodology) |
June | FAD mission on tax policy (CIT/PIT reforms for adopting CEMAC regional Income Tax Directive) |
June | AFRITAC mission Government Finance Statistics |
May April April April February | FAD mission on tax policy (CIT/PIT reforms for adopting CEMAC regional Income Tax Directive) FAD mission on budget execution AFRITAC mission on strengthening budgetary control STA mission on national accounts FAD mission on tax policy (CIT/PIT reforms for adopting CEMAC regional Income Tax Directive) |
2022 | |
November | FAD mission on strengthening budget execution reporting |
October | AFRITAC mission on social sector and local government data compilation |
September | FAD mission on revenue administration (implementation plan for new Integrated Tax Administration System) |
June | AFRITAC mission on cash management |
February | FAD mission on public investment management (PIMA and C-PIMA follow-up) |
2021 | |
November | AFRITAC mission on national accounts |
September February January | AFRITAC mission on strengthening budget execution reporting AFRITAC mission on external sector statistics FAD mission on public financial management and fiscal risks |
2020 | |
December | FAD mission on the update of the commitment plan |
December | FAD mission on public expenditures forecasts |
December | FAD mission on the assessment of fiscal risks |
November | AFRITAC mission on national accounts |
September September August June | AFRITAC mission on strengthening budget execution reporting FAD mission for the Review of fiscal risk annual report FAD mission on Tax administration FAD mission on customs administration |
2019 | |
October | STA mission on data dissemination via Enhanced General Data Dissemination System (e-GDDS) |
June | AFRITAC mission on government finance statistics (adoption of GFSM 2014) |
June | FAD mission for Public Investment Management Assessment (PIMA) |
June | AFRITAC mission on national accounts data compilation |
June | AFRITAC mission on public investment management |
April March | FAD mission on property taxation STA mission on external sector statistics |
February | AFRITAC Mission on Medium-Term Debt Management Strategy |
2018 | |
November | FAD mission on cash and debt management |
November | FAD mission on revenue administration measures |
November | AFRITAC mission on government finance statistics (adoption of GFSM 2014) |
November | AFRITAC mission on debt management |
April February | STA mission on external sector statistics AFRITAC mission on government finance statistics (adoption of GFSM 2014) |
2024 | |
March | AFRITAC mission to improve Public Entities supervision tools |
March | AFRITAC mission on Implementing Gender Budgeting |
February | AFRITAC mission on strengthening revenue forecasting |
2023 | |
November | FAD mission post Tax Administration Diagnostic Assessment Tool (TADAT) |
September September June | STA mission on external sector statistics FAD mission on tax policy (CIT/PIT Directive - ad hoc engagement Budget 2024) FAD mission on tax revenue administration (assessment of tax system using TADAT methodology) |
June | FAD mission on tax policy (CIT/PIT reforms for adopting CEMAC regional Income Tax Directive) |
June | AFRITAC mission Government Finance Statistics |
May April April April February | FAD mission on tax policy (CIT/PIT reforms for adopting CEMAC regional Income Tax Directive) FAD mission on budget execution AFRITAC mission on strengthening budgetary control STA mission on national accounts FAD mission on tax policy (CIT/PIT reforms for adopting CEMAC regional Income Tax Directive) |
2022 | |
November | FAD mission on strengthening budget execution reporting |
October | AFRITAC mission on social sector and local government data compilation |
September | FAD mission on revenue administration (implementation plan for new Integrated Tax Administration System) |
June | AFRITAC mission on cash management |
February | FAD mission on public investment management (PIMA and C-PIMA follow-up) |
2021 | |
November | AFRITAC mission on national accounts |
September February January | AFRITAC mission on strengthening budget execution reporting AFRITAC mission on external sector statistics FAD mission on public financial management and fiscal risks |
2020 | |
December | FAD mission on the update of the commitment plan |
December | FAD mission on public expenditures forecasts |
December | FAD mission on the assessment of fiscal risks |
November | AFRITAC mission on national accounts |
September September August June | AFRITAC mission on strengthening budget execution reporting FAD mission for the Review of fiscal risk annual report FAD mission on Tax administration FAD mission on customs administration |
2019 | |
October | STA mission on data dissemination via Enhanced General Data Dissemination System (e-GDDS) |
June | AFRITAC mission on government finance statistics (adoption of GFSM 2014) |
June | FAD mission for Public Investment Management Assessment (PIMA) |
June | AFRITAC mission on national accounts data compilation |
June | AFRITAC mission on public investment management |
April March | FAD mission on property taxation STA mission on external sector statistics |
February | AFRITAC Mission on Medium-Term Debt Management Strategy |
2018 | |
November | FAD mission on cash and debt management |
November | FAD mission on revenue administration measures |
November | AFRITAC mission on government finance statistics (adoption of GFSM 2014) |
November | AFRITAC mission on debt management |
April February | STA mission on external sector statistics AFRITAC mission on government finance statistics (adoption of GFSM 2014) |
Relations With Other International Financial Institutions
Gabon collaborates with the World Bank Group and the African Development Bank. Further information may be obtained from the following websites:
D. Gabon and the World Bank
E. Gabon and the African Development Bank
Statistical Issues
As of March 31, 2024
I. Assessment of Data Adequacy for Surveillance |
General. Data provision has serious shortcomings that significantly hamper surveillance. Data timeliness and quality require significant improvement. Staff analysis is affected by shortcomings in the availability, accuracy, and timeliness of data. The statistical agencies do not have sufficient access to source data and lack an institutional framework in which to share information and coordinate compilation efforts. Shortcomings are particularly notable in (i) the national accounts, which have not been published by the statistical office since 2010; (ii) the balance of payments due to frequent large revisions and inconsistencies; and (iii) the fiscal data because of poor recording practices and incomplete coverage. |
National Accounts. National accounts were last published by the General Directorate of Statistics in 2010 and analysis currently depends on estimates prepared by the Ministry of Economy. The national accounts that continue to be compiled by the Statistics Office are not published and could potentially carry large discrepancies from what is currently used for surveillance. Estimates of demand-side GDP components and short-term indicators are also not published by the Statistics Office. AFRITAC Central (AFC) has worked with the authorities to incorporate the System of National Accounts 1993 methodological recommendations into a series with base year 2001, most recently reviewing the estimates for 2018-2020 and making recommendations on improving collection of the source data. A 2023 AFC TA mission also sought to assist the General Directorate of Statistics with preparing base 2019 data in line with the 2008 System of National Accounts, but the work on the base 2001 series must be finalized first. The authorities expressed their interest in a TA mission to ensure the quality of the data prior to their publication. AFC will also assist with the development of quarterly national accounts statistics, but this work has not yet started. Employment and unemployment. Data on unemployment and the total labor force are not compiled. |
Price Statistics The authorities have replaced the 2004 Harmonized Consumer Price Index (HCPI) with a new index using 2018 as the reference period. The weighting structure is based on expenditure data from the 2017 poverty survey - Enquete Gabonaise pour le Suivi et I'Evaluation de la Pauvrete (EGEP II) - and the reference population is all households resident in Gabon, broader than the previous 2004 HCPI. TA on price statistics is provided by AFRISTAT. |
Government Finance Statistics. On the fiscal side, data had suffered from inadequate recording practices and coverage issues, which complicate the assessment of the fiscal flows, stocks and their consistency, but are starting to improve. Data on the fiscal position of SOEs or on contingent liabilities such as guarantees do not exist. The debt data monitored by the Direction Generale de la Dette do not include T-bills, VAT arrears, and supplier arrears. This requires data to be collected from different sources for a comprehensive view of the country's domestic debt. The current coverage of debt is the budgetary central government. Significant progress has been made in adopting the analytical framework and classifications of the GFSM2001/2014 and by producing a TOFE from the government trial balance. Draft TOFE produced in line with GFSM 2014 for the central budgetary administration from the government trial balance, local authorities and public institutions are available. Further extension of the coverage to other government subsectors (e.g., social security) is underway, as the necessary statistical sources become available. Gabonese authorities have indicated their commitment to GFS data and have been investing in training staff, but there remain risks particularly around the mobility of staff. |
Monetary and Financial Statistics. Monetary statistics are reported to the Fund by the Banque des Etats de l'Afrique Centrale (BEAC) on a monthly basis in the standardized report forms (SRFs), with delays up to two months. The depository corporation survey does not include data on deposit-taking microfinance institutions and does not report interest rates offered by the financial institutions to non-financial entities on deposits and loans. Gabon has not reported data to the Financial Access Survey (FAS) since 2014. Until 2014, Gabon reported some indicators of the FAS, including SME and mobile money data, and the two indicators (commercial bank branches per 100,000 adults and ATMs per 100,000 adults) adopted by the UN to monitor Target 8.10 of the Sustainable Development Goals (SDGs). |
Financial Sector Surveillance. The Banking Commission of the Central African States (COBAC) reports all core and some additional—financial soundness indicators for deposit takers to STA for Gabon. |
External Sector Statistics. Balance of payments statistics are compiled by the national directorate of the BEAC, and the estimates are validated by staff from BEAC headquarters. Provisional balance of payments data is available for 2022 and until Q2 2023 but continued revisions and inconsistencies hinder their effective use. The latest, broadly finalized, balance of payments data are for 2021. While there have been improvements in data provision, including the recent publication of provisional balance of payments, the introduction of quarterly updates ending in Q2 2023, and the preparation of IIP data for 2021, concerns persist regarding data quality. These concerns stem from a history of frequent and significant revisions, inconsistencies compared to other data sources such as customs and fiscal accounts, unexplained large movements in the financial account, particularly notable in short-term other investments, and large errors and omissions. The authorities expressed their commitment to continue working closely with the central bank and the IMF's statistics department to improve the quality of balance of payments data. There are comprehensive data on the stock of external public debt and its composition, as well as detailed projections on debt service due. Data are provided, usually to Fund missions, by the General Directorate of Public Debt and Accounting (Direction generale de la comptabilite publique) of the Ministry of Budget and Public Accounts, but with delays. |
II. Data Standards and Quality |
Gabon implemented the enhanced General Data Dissemination System (e-GDDS) in October 2019 by launching the National Summary data page. No data ROSC is available. |
I. Assessment of Data Adequacy for Surveillance |
General. Data provision has serious shortcomings that significantly hamper surveillance. Data timeliness and quality require significant improvement. Staff analysis is affected by shortcomings in the availability, accuracy, and timeliness of data. The statistical agencies do not have sufficient access to source data and lack an institutional framework in which to share information and coordinate compilation efforts. Shortcomings are particularly notable in (i) the national accounts, which have not been published by the statistical office since 2010; (ii) the balance of payments due to frequent large revisions and inconsistencies; and (iii) the fiscal data because of poor recording practices and incomplete coverage. |
National Accounts. National accounts were last published by the General Directorate of Statistics in 2010 and analysis currently depends on estimates prepared by the Ministry of Economy. The national accounts that continue to be compiled by the Statistics Office are not published and could potentially carry large discrepancies from what is currently used for surveillance. Estimates of demand-side GDP components and short-term indicators are also not published by the Statistics Office. AFRITAC Central (AFC) has worked with the authorities to incorporate the System of National Accounts 1993 methodological recommendations into a series with base year 2001, most recently reviewing the estimates for 2018-2020 and making recommendations on improving collection of the source data. A 2023 AFC TA mission also sought to assist the General Directorate of Statistics with preparing base 2019 data in line with the 2008 System of National Accounts, but the work on the base 2001 series must be finalized first. The authorities expressed their interest in a TA mission to ensure the quality of the data prior to their publication. AFC will also assist with the development of quarterly national accounts statistics, but this work has not yet started. Employment and unemployment. Data on unemployment and the total labor force are not compiled. |
Price Statistics The authorities have replaced the 2004 Harmonized Consumer Price Index (HCPI) with a new index using 2018 as the reference period. The weighting structure is based on expenditure data from the 2017 poverty survey - Enquete Gabonaise pour le Suivi et I'Evaluation de la Pauvrete (EGEP II) - and the reference population is all households resident in Gabon, broader than the previous 2004 HCPI. TA on price statistics is provided by AFRISTAT. |
Government Finance Statistics. On the fiscal side, data had suffered from inadequate recording practices and coverage issues, which complicate the assessment of the fiscal flows, stocks and their consistency, but are starting to improve. Data on the fiscal position of SOEs or on contingent liabilities such as guarantees do not exist. The debt data monitored by the Direction Generale de la Dette do not include T-bills, VAT arrears, and supplier arrears. This requires data to be collected from different sources for a comprehensive view of the country's domestic debt. The current coverage of debt is the budgetary central government. Significant progress has been made in adopting the analytical framework and classifications of the GFSM2001/2014 and by producing a TOFE from the government trial balance. Draft TOFE produced in line with GFSM 2014 for the central budgetary administration from the government trial balance, local authorities and public institutions are available. Further extension of the coverage to other government subsectors (e.g., social security) is underway, as the necessary statistical sources become available. Gabonese authorities have indicated their commitment to GFS data and have been investing in training staff, but there remain risks particularly around the mobility of staff. |
Monetary and Financial Statistics. Monetary statistics are reported to the Fund by the Banque des Etats de l'Afrique Centrale (BEAC) on a monthly basis in the standardized report forms (SRFs), with delays up to two months. The depository corporation survey does not include data on deposit-taking microfinance institutions and does not report interest rates offered by the financial institutions to non-financial entities on deposits and loans. Gabon has not reported data to the Financial Access Survey (FAS) since 2014. Until 2014, Gabon reported some indicators of the FAS, including SME and mobile money data, and the two indicators (commercial bank branches per 100,000 adults and ATMs per 100,000 adults) adopted by the UN to monitor Target 8.10 of the Sustainable Development Goals (SDGs). |
Financial Sector Surveillance. The Banking Commission of the Central African States (COBAC) reports all core and some additional—financial soundness indicators for deposit takers to STA for Gabon. |
External Sector Statistics. Balance of payments statistics are compiled by the national directorate of the BEAC, and the estimates are validated by staff from BEAC headquarters. Provisional balance of payments data is available for 2022 and until Q2 2023 but continued revisions and inconsistencies hinder their effective use. The latest, broadly finalized, balance of payments data are for 2021. While there have been improvements in data provision, including the recent publication of provisional balance of payments, the introduction of quarterly updates ending in Q2 2023, and the preparation of IIP data for 2021, concerns persist regarding data quality. These concerns stem from a history of frequent and significant revisions, inconsistencies compared to other data sources such as customs and fiscal accounts, unexplained large movements in the financial account, particularly notable in short-term other investments, and large errors and omissions. The authorities expressed their commitment to continue working closely with the central bank and the IMF's statistics department to improve the quality of balance of payments data. There are comprehensive data on the stock of external public debt and its composition, as well as detailed projections on debt service due. Data are provided, usually to Fund missions, by the General Directorate of Public Debt and Accounting (Direction generale de la comptabilite publique) of the Ministry of Budget and Public Accounts, but with delays. |
II. Data Standards and Quality |
Gabon implemented the enhanced General Data Dissemination System (e-GDDS) in October 2019 by launching the National Summary data page. No data ROSC is available. |
Gabon: Table of Common Indicators Required for Surveillance
(As of March 27, 2024)
1 Any reserve assets that are pledged or otherwise encumbered should be specified separately. Also, data should comprise short-term liabilities linked to a foreign currency but settled by other means as well as the notional values of financial derivatives to pay and to receive foreign currency, including those linked to a foreign currency but settled by other means.2 Both market-based and officially determined, including discount rates, money market rates, and rates on treasury bills, notes and bonds.3 Foreign and domestic bank, nonbank financing.4 The general government consists of the central government (budgetary funds, extra budgetary funds, and social security funds) and state and local governments.5 Includes currency and maturity composition.6 Includes external gross financial asset and liability positions vis-a-vis nonresidents.7 Provisional BoP data are available for 2022 and until Q2 2023 but continued revisions and inconsistencies hinder their effective use. The latest, broadly finalized, BOP data are for 2021.8 National accounts are based on estimates provided by the General Directorate of the Economy. The national accounts that continue to be compiled by the Statistics Office have not been published since 2011.9 Daily (D); weekly (W); monthly (M); quarterly (Q); annually (A); irregular (I); and not available (NA).
Gabon: Table of Common Indicators Required for Surveillance
(As of March 27, 2024)
Date of latest observation | Data received | Frequency of data | Frequency of reporting | Frequency of publication | |
|---|---|---|---|---|---|
Exchange Rates | Mar-2024 | Mar-2024 | D | D | D |
International Reserve Assets and Reserve liabilities of the Monetary Authorities 1 | Dec-2023 | Mar-2024 | M | M | M |
Reserve/Base Money | Dec-2023 | Mar-2024 | M | M | M |
Broad Money | Dec-2023 | Mar-2024 | M | M | M |
Central Bank Balance Sheet | Dec-2023 | Mar-2024 | M | M | M |
Consolidated Balance Sheet of the Banking System | Dec-2023 | Mar-2024 | M | M | M |
Interest Rates2 | Dec-2023 | Mar-2024 | M | M | I |
Consumer Price Index | Dec-2023 | Feb-2024 | M | M | M |
Revenue, Expenditure, Balance, and Composition of Financing3 - General Government4 | N.A. | N.A. | N.A. | N.A. | N.A. |
Revenue, Expenditure, Balance, and Composition of Financing3 - Central Government | Dec-2023 | Jan-2024 | M | M | M |
Stocks of Central Government and Central Government- Guaranteed Debt5,6 | Dec-2023 | Jan-2024 | M | M | M |
External Current Account Balance7 | Q2 - 2023 | Jan-2024 | Q | I | I |
Exports and Imports of Goods and7 Services | Q2 - 2023 | Jan-2024 | Q | I | I |
GDP/GNP8 | 2023 | Jan-2024 | A | A | I |
Gross External Debt | 2023 | Jan-2024 | M | M | M |
International Investment Position9 | N.A. | N.A. | N.A. | N.A. | N.A. |
1 Any reserve assets that are pledged or otherwise encumbered should be specified separately. Also, data should comprise short-term liabilities linked to a foreign currency but settled by other means as well as the notional values of financial derivatives to pay and to receive foreign currency, including those linked to a foreign currency but settled by other means.2 Both market-based and officially determined, including discount rates, money market rates, and rates on treasury bills, notes and bonds.3 Foreign and domestic bank, nonbank financing.4 The general government consists of the central government (budgetary funds, extra budgetary funds, and social security funds) and state and local governments.5 Includes currency and maturity composition.6 Includes external gross financial asset and liability positions vis-a-vis nonresidents.7 Provisional BoP data are available for 2022 and until Q2 2023 but continued revisions and inconsistencies hinder their effective use. The latest, broadly finalized, BOP data are for 2021.8 National accounts are based on estimates provided by the General Directorate of the Economy. The national accounts that continue to be compiled by the Statistics Office have not been published since 2011.9 Daily (D); weekly (W); monthly (M); quarterly (Q); annually (A); irregular (I); and not available (NA).
Gabon: Table of Common Indicators Required for Surveillance
(As of March 27, 2024)
Date of latest observation | Data received | Frequency of data | Frequency of reporting | Frequency of publication | |
|---|---|---|---|---|---|
Exchange Rates | Mar-2024 | Mar-2024 | D | D | D |
International Reserve Assets and Reserve liabilities of the Monetary Authorities 1 | Dec-2023 | Mar-2024 | M | M | M |
Reserve/Base Money | Dec-2023 | Mar-2024 | M | M | M |
Broad Money | Dec-2023 | Mar-2024 | M | M | M |
Central Bank Balance Sheet | Dec-2023 | Mar-2024 | M | M | M |
Consolidated Balance Sheet of the Banking System | Dec-2023 | Mar-2024 | M | M | M |
Interest Rates2 | Dec-2023 | Mar-2024 | M | M | I |
Consumer Price Index | Dec-2023 | Feb-2024 | M | M | M |
Revenue, Expenditure, Balance, and Composition of Financing3 - General Government4 | N.A. | N.A. | N.A. | N.A. | N.A. |
Revenue, Expenditure, Balance, and Composition of Financing3 - Central Government | Dec-2023 | Jan-2024 | M | M | M |
Stocks of Central Government and Central Government- Guaranteed Debt5,6 | Dec-2023 | Jan-2024 | M | M | M |
External Current Account Balance7 | Q2 - 2023 | Jan-2024 | Q | I | I |
Exports and Imports of Goods and7 Services | Q2 - 2023 | Jan-2024 | Q | I | I |
GDP/GNP8 | 2023 | Jan-2024 | A | A | I |
Gross External Debt | 2023 | Jan-2024 | M | M | M |
International Investment Position9 | N.A. | N.A. | N.A. | N.A. | N.A. |
1 Any reserve assets that are pledged or otherwise encumbered should be specified separately. Also, data should comprise short-term liabilities linked to a foreign currency but settled by other means as well as the notional values of financial derivatives to pay and to receive foreign currency, including those linked to a foreign currency but settled by other means.2 Both market-based and officially determined, including discount rates, money market rates, and rates on treasury bills, notes and bonds.3 Foreign and domestic bank, nonbank financing.4 The general government consists of the central government (budgetary funds, extra budgetary funds, and social security funds) and state and local governments.5 Includes currency and maturity composition.6 Includes external gross financial asset and liability positions vis-a-vis nonresidents.7 Provisional BoP data are available for 2022 and until Q2 2023 but continued revisions and inconsistencies hinder their effective use. The latest, broadly finalized, BOP data are for 2021.8 National accounts are based on estimates provided by the General Directorate of the Economy. The national accounts that continue to be compiled by the Statistics Office have not been published since 2011.9 Daily (D); weekly (W); monthly (M); quarterly (Q); annually (A); irregular (I); and not available (NA).
