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%.

Gabon GDP from 1980 to 2024

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

Change Chart

    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)

    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