Gabon: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Upper Middle Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | Oil accounts for 50% of GDP and 70% of revenues. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Data unavailable |
| Top Industries Source: CIA World Factbook | Petroleum Extraction and Refining; Manganese; Gold; Chemicals |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $35,529,000,505 (2021) |
| GDP Growth Rate (annual %) | 1.462% (2021) |
| GDP Per Capita, PPP (current international) | $15,176 (2021) |
GDP Country Rank 133/197 (2021)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 1.177% (2020) |
| External debt stocks, total (DOD, current US$) | $7,722,008,180 (2021) |
| Total tax rate (% of commercial profits) | 47.1% (2019) |
| Real Interest Rate (5 year average %) | -4.548% (2008) |
| Manufacturing, value added (% of GDP) | 23.588% (2021) |
| Current Account Balance (BoP, current US$) | $140,995,975 (2015) |
Labor and Employment [1]
| Labor Force, Total | 718,398 (2021) |
| Employment in Agriculture (% of total employment) | 32.359% (2020) |
| Employment in Industry (% of total employment) | 10.777% (2020) |
| Employment in Services (% of total employment) | 56.864% (2020) |
| Unemployment Rate | 22.265% (2021) |
Trade [1]
| Imports of goods and services (current US$) | $3,405,765,092 (2021) |
| Exports of goods and services (current US$) | $11,280,880,845 (2021) |
| Total Merchandise Trade (% of GDP) | 46.526% (2021) |
| FDI, net inflows (BoP, current US$) | $1,634,824,190 (2021) |
| Commercial Service Exports (current US$) | $273,340,324 (2015) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Gabon’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.