Gabon GDP Trends from 1980 to 2024: A overall increase with some decline Flow

Gabon's GDP changed from approximately $4B 559M in 1980 to $21B 13M in 2024, showing an overall 360.9% sharply increased during the period.
The lowest GDP was recorded in 1984 at $3B 547M, and the highest in 2022 at $21B 76M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 3.5%.
For comparison, the average annual growth rate of Cameroon was 4.2%, and that of Equatorial Guinea was 14.1%.

Overview of Gabon's GDP (1980–2024)

The Gross Domestic Product (GDP) of Gabon recorded a 360.9% sharply increased from 1980 to 2024.
The average GDP during this period was $9B 916M, and the median was $6B 339M.
GDP fluctuated within a range of $17B 529M, with a standard deviation of $6B 12M.
The average annual change was $419M 595K.


Gabon GDP from 1980 to 2024

The total market value of goods and services produced annually in Gabon.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 1984, $3B 547M
    • Highest GDP: 2022, $21B 76M
    • Most Recent GDP: 2024, $21B 13M

    Notable Annual GDP Changes

    • 2021: Significant increase in GDP
    • 2015: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Gabon's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $16B 824M → $15B 337M
    • Outcome: declined

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $12B 457M → $12B 188M
    • Outcome: declined

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $5B 397M → $5B 23M
    • Outcome: declined

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $5B 673M → $4B 774M
    • Outcome: sharply declined

    Key Economic Indicators of Gabon (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 4B 559M
    $ 6,093.61
    $ 8,862.65
    $ 6B 631M
    0 %
    27.326 %
    51.21 %
    0 %
    748,000 people
    1981
    $ 4B 111M
    $ 5,376.62
    $ 9,112.65
    $ 6B 968M
    -4 %
    15.581 %
    48.91 %
    0 %
    765,000 people
    1982
    $ 3B 853M
    $ 4,930.53
    $ 9,855.66
    $ 7B 701M
    4.1 %
    13.324 %
    45.47 %
    0 %
    781,000 people
    1983
    $ 3B 689M
    $ 4,619.02
    $ 10,221.62
    $ 8B 163M
    2 %
    12.222 %
    44.53 %
    0 %
    799,000 people
    1984
    $ 3B 547M
    $ 4,346.39
    $ 10,870.34
    $ 8B 872M
    4.9 %
    17.905 %
    50.64 %
    0 %
    816,000 people
    1985
    $ 3B 736M
    $ 4,478.47
    $ 11,609.09
    $ 9B 684M
    5.8 %
    10.001 %
    46.38 %
    0 %
    834,000 people
    1986
    $ 4B 889M
    $ 5,735.35
    $ 11,344.55
    $ 9B 671M
    -2.1 %
    -19.385 %
    16.43 %
    0 %
    852,000 people
    1987
    $ 3B 699M
    $ 4,245.95
    $ 9,623.60
    $ 8B 385M
    -15.4 %
    -7.197 %
    20.82 %
    0 %
    871,000 people
    1988
    $ 4B 78M
    $ 4,581.14
    $ 10,089.72
    $ 8B 984M
    3.5 %
    -14.756 %
    18.93 %
    0 %
    890,000 people
    1989
    $ 4B 458M
    $ 4,899.23
    $ 11,842.78
    $ 10B 777M
    15.431 %
    -3.977 %
    20.72 %
    0 %
    910,000 people
    1990
    $ 6B 339M
    $ 6,815.63
    $ 12,640.48
    $ 11B 756M
    5.147 %
    2.367 %
    22.72 %
    1.397 %
    930,000 people
    1991
    $ 5B 754M
    $ 5,993.32
    $ 13,434.88
    $ 12B 897M
    6.124 %
    1.581 %
    27.17 %
    3.636 %
    960,000 people
    1992
    $ 5B 955M
    $ 6,015.51
    $ 12,913.36
    $ 12B 784M
    -3.087 %
    -3.791 %
    17.43 %
    1.073 %
    990,000 people
    1993
    $ 5B 757M
    $ 5,677.62
    $ 13,415.89
    $ 13B 604M
    3.947 %
    -1.006 %
    19.72 %
    1.209 %
    1M 14K people
    1994
    $ 4B 463M
    $ 4,293.94
    $ 13,864.50
    $ 14B 410M
    3.713 %
    7.522 %
    27.77 %
    4.777 %
    1M 38K people
    1995
    $ 5B 281M
    $ 4,956.84
    $ 14,496.80
    $ 15B 444M
    4.974 %
    8.797 %
    30.69 %
    10.646 %
    1M 65K people
    1996
    $ 6B 64M
    $ 5,552.92
    $ 14,924.25
    $ 16B 297M
    3.625 %
    14.655 %
    33.39 %
    8.116 %
    1M 92K people
    1997
    $ 5B 673M
    $ 5,068.09
    $ 15,661.25
    $ 17B 529M
    5.738 %
    9.367 %
    38.92 %
    7.298 %
    1M 119K people
    1998
    $ 4B 774M
    $ 4,161.62
    $ 15,988.36
    $ 18B 343M
    3.478 %
    -12.999 %
    23.71 %
    -5.959 %
    1M 147K people
    1999
    $ 4B 966M
    $ 4,222.73
    $ 14,404.39
    $ 16B 939M
    -8.943 %
    7.862 %
    30.34 %
    7.523 %
    1M 176K people