Gabon is currently the fifth largest oil producer in Africa and enjoys an upper-middle income economy. The country’s growth has been supported by its oil production and manganese. The country is focusing its efforts on diversifying its economy through agribusiness, transport and telecommunication.
Africa HR Solutions offers a range of HR outsourcing services that enables organisations to expand in Gabon in a fully compliant way. Our solutions include Professional Employer Organisation (PEO), Employer of Record, payroll, tax and benefits management.
Country Profile - Gabon
Population: 2.1 mn
Gross Domestic Product (GDP): $15.59 bn
GDP Growth: 1.2%
Foreign Direct Investment (% of GDP): 5%
Unemployment Rate: 19.5 %
Currency: Central African CFA franc
Located on the Atlantic Ocean, Gabon is bordered by Cameroon, Equatorial Guinea, and the Republic of Congo. The country has an abundance of natural resources, with forests that cover 85% of the country. The country has one of the highest urbanisation rates, whereby most of the citizens live in cities such as Libreville and Port Gentil. Gabon is the 5th largest oil producer in Africa, but with a decline in oil production, Gabon is working toward diversifying its economy.
Public Holidays in Gabon
New Year’s Day
Women’s Rights Day
Assumption of Mary
All Saints’ Eve
Employment in Gabon
An employment agreement should be established in French language outlining the major information such as compensation, benefits, and termination details. Employees are entitled to sick, parental, and vacation leaves. The termination notice period depends on the length of service of the employee. Regarding taxation, employers pay 20.1% of payroll to social security for retirement purposes, injury at the workplace, medical fees, and family allowances. Employees contribute 2.5% of their wages.
Central African Republic
Democratic Republic of Congo
Republic of Congo
Sao Tome and Principe