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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |
