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Gabon's financial freedom score is 55.8, ranking it at 115 in the 2022 Index. Gabon is categorized 19th of 47 countries in Sub-Saharan Africa. It has a general score greater than the zonal and lower than the universal standards. From 2017, the country's financial growth rose, fell in 2020, and recovered in 2021. Government spending and monetary, fiscal stability scores are strong.
1 January- New Year's Day
17 April- Women's Day
18 April- Easter Monday
1 May- Labour Day
2–3 May- Eid al-Fitr
26 May- Ascension Day
6 June- Whit Monday
9–10 July- Eid al-Adha
15 August- Assumption of Mary
16–17 August -National Day
1 November- All Saints' Day
25 December- Christmas Day
The country has a government-mandated minimum salary, and no employee in Gabon can be compensated less than this minimum wage. Companies in Gabon that refuse to compensate the Minimum Wage will have legal repercussions. Gabon's minimum wage is the smallest amount that a worker can lawfully be compensated for work done. Gabon's minimum monthly wage is CFA francs 150,000. Gabonese government employees receive an extra monthly payment of CFA francs 20,000 for each child, in addition to accommodation, family benefits, and transportation. The law does not require private-sector employees to provide housing or family subsidies.
In Gabon, the payroll is done monthly and bi-weekly.
A full-time worker's yearly paid leave obligation is 24 days. Leave time elevates based on the employment period, the worker's age, and social standing.
Female employees are allowed a 14-week maternity leave. Female workers can receive a 6-weeks paid leave pre-birth, and 8-weeks paid leave post-birth.
Paternity leave is encompassed in the family allowance leave. Fathers receive a 10-day paid paternity leave for family-related reasons.
Workers are eligible for six months of paid sick leave.
In Gabon, it is standard protocol to have a French employment contract that specifies the conditions of the employee's benefits, termination, and remuneration criteria. The salary and other compensation figures should be stated in CFA francs rather than a foreign currency in an invitation letter and job contract. Apart from special exemptions permitted by law, children should neither be recruited in jobs that are inappropriate for their age or health nor should they be denied obligatory schooling. Girls and women and children under 18 years are not permitted to work night shifts in any production complex, public or private, or any enterprise of these establishments unless they are simply family members. Two-year fixed-term contracts are permissible, and they may be renewed once.
The notice period is based on the length of employment:
• Less than 1 employment year - 15 days
• One to three years of employment- one month
• Three to five years of employment - two months
• Five to 10 years of employment - three months
• 10 – 15 years of employment – four months
• 15 – 20 years of employment - five months
• 20 – 30 years of employment - six months
Workers are allowed severance pay after two years of employment.
The compensation amount is based on the period of employment:
In Gabon, the probation period extends to six months.