What kind of economic growth did Gabon experience under Bongo’s rule?
Oil-led GDP growth
Tourism-led GDP growth
Technology-led GDP growth
Agriculture-led GDP growth
Answer
Gabon experienced oil-led GDP growth under Bongo’s rule. The country’s economy was largely based on the export of crude oil, which made up around 80% of government revenue and 60% of export earnings. Gabon’s economy grew at an average annual rate of 5.5% during Bongo’s rule, and per capita income increased from $1,000 to $10,000.
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