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%.
Gabon GDP from 1980 to 2024
The total market value of goods and services produced annually in Gabon.
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.
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)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | 0 % | $ 4B 559M | $ 6B 631M | $ 6,093.61 | $ 8,862.65 | 51.21 % | 748,000 people | 27.326 % | 0 % |
1981 | -4 % | $ 4B 111M | $ 6B 968M | $ 5,376.62 | $ 9,112.65 | 48.91 % | 765,000 people | 15.581 % | 0 % |
1982 | 4.1 % | $ 3B 853M | $ 7B 701M | $ 4,930.53 | $ 9,855.66 | 45.47 % | 781,000 people | 13.324 % | 0 % |
1983 | 2 % | $ 3B 689M | $ 8B 163M | $ 4,619.02 | $ 10,221.62 | 44.53 % | 799,000 people | 12.222 % | 0 % |
1984 | 4.9 % | $ 3B 547M | $ 8B 872M | $ 4,346.39 | $ 10,870.34 | 50.64 % | 816,000 people | 17.905 % | 0 % |
1985 | 5.8 % | $ 3B 736M | $ 9B 684M | $ 4,478.47 | $ 11,609.09 | 46.38 % | 834,000 people | 10.001 % | 0 % |
1986 | -2.1 % | $ 4B 889M | $ 9B 671M | $ 5,735.35 | $ 11,344.55 | 16.43 % | 852,000 people | -19.385 % | 0 % |
1987 | -15.4 % | $ 3B 699M | $ 8B 385M | $ 4,245.95 | $ 9,623.60 | 20.82 % | 871,000 people | -7.197 % | 0 % |
1988 | 3.5 % | $ 4B 78M | $ 8B 984M | $ 4,581.14 | $ 10,089.72 | 18.93 % | 890,000 people | -14.756 % | 0 % |
1989 | 15.431 % | $ 4B 458M | $ 10B 777M | $ 4,899.23 | $ 11,842.78 | 20.72 % | 910,000 people | -3.977 % | 0 % |
1990 | 5.147 % | $ 6B 339M | $ 11B 756M | $ 6,815.63 | $ 12,640.48 | 22.72 % | 930,000 people | 2.367 % | 1.397 % |
1991 | 6.124 % | $ 5B 754M | $ 12B 897M | $ 5,993.32 | $ 13,434.88 | 27.17 % | 960,000 people | 1.581 % | 3.636 % |
1992 | -3.087 % | $ 5B 955M | $ 12B 784M | $ 6,015.51 | $ 12,913.36 | 17.43 % | 990,000 people | -3.791 % | 1.073 % |
1993 | 3.947 % | $ 5B 757M | $ 13B 604M | $ 5,677.62 | $ 13,415.89 | 19.72 % | 1M 14K people | -1.006 % | 1.209 % |
1994 | 3.713 % | $ 4B 463M | $ 14B 410M | $ 4,293.94 | $ 13,864.50 | 27.77 % | 1M 38K people | 7.522 % | 4.777 % |
1995 | 4.974 % | $ 5B 281M | $ 15B 444M | $ 4,956.84 | $ 14,496.80 | 30.69 % | 1M 65K people | 8.797 % | 10.646 % |
1996 | 3.625 % | $ 6B 64M | $ 16B 297M | $ 5,552.92 | $ 14,924.25 | 33.39 % | 1M 92K people | 14.655 % | 8.116 % |
1997 | 5.738 % | $ 5B 673M | $ 17B 529M | $ 5,068.09 | $ 15,661.25 | 38.92 % | 1M 119K people | 9.367 % | 7.298 % |
1998 | 3.478 % | $ 4B 774M | $ 18B 343M | $ 4,161.62 | $ 15,988.36 | 23.71 % | 1M 147K people | -12.999 % | -5.959 % |
1999 | -8.943 % | $ 4B 966M | $ 16B 939M | $ 4,222.73 | $ 14,404.39 | 30.34 % | 1M 176K people | 7.862 % | 7.523 % |