The Gabonese insurance market

Insurance market features

• Regulatory authority: Ministry of economy, finance, budget and privatisation
• Premiums (2004): 101.3 million USD
• Insurance density (2004): 72.4 USD
• Penetration rate (2004): 1.4%

2004 market structure

Identity

• Area: 267 667 Km²
• Population (est. 2004):
  1 400 000 inhabitants
• GDP (2004): 7.2 billion USD
• GDP per capita (2004):
  5 143 USD
• GDP growth rate (2003): 2%
• Inflation rate (2004): 1.5%
• Main economic sectors: Agriculture (coffee, cocoa, palm oil, sugar, ...), wood manufacturing, petroleum extraction, manganese and gold mining, chemical industry

Major towns

(in number of inhabitant)

• Libreville (capital): 450 000
• Port-Gentil: 164 000
• Franceville: 75 000