[ Nominal GDP in billions of USD ]
Year -
$20.90 billions
Gabon GDP expanded from 1960 to 2024, increasing from $0.14 billion to $20.90 billion.The compound annual growth rate (CAGR) averaged 8.14% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 29.58%, indicating the largest cyclical decline from peak levels. The country experienced 14 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 20.90 Billions | $ 54.61 Int Billions |
| Growth (YoY) | 7.774% | 5.894% |
| Net Change vs Previous Year | $ 1.51 Billion | $ 3.04 Int Billion |
| % of World GDP | 0.02% | 0.03% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 0.14 | - | - | - | - | - |
| 1961 | 0.17 | 0.03 | 18.498 % | - | - | - |
| 1962 | 0.18 | 0.02 | 9.042 % | - | - | - |
| 1963 | 0.15 | -0.03 | -15.491 % | - | - | - |
| 1964 | 0.22 | 0.06 | 39.616 % | - | - | - |
| 1965 | 0.23 | 0.01 | 5.005 % | - | - | - |
| 1966 | 0.25 | 0.02 | 8.555 % | - | - | - |
| 1967 | 0.27 | 0.03 | 10.451 % | - | - | - |
| 1968 | 0.29 | 0.02 | 8.442 % | - | - | - |
| 1969 | 0.32 | 0.02 | 8.034 % | - | - | - |
| 1970 | 0.32 | 0.01 | 1.785 % | - | - | - |
| 1971 | 0.38 | 0.06 | 17.877 % | - | - | - |
| 1972 | 0.43 | 0.05 | 12.791 % | - | - | - |
| 1973 | 0.72 | 0.29 | 67.89 % | - | - | - |
| 1974 | 1.54 | 0.82 | 113.649 % | - | - | - |
| 1975 | 2.16 | 0.61 | 39.721 % | - | - | - |
| 1976 | 3.01 | 0.85 | 39.48 % | - | - | - |
| 1977 | 2.81 | -0.2 | -6.648 % | - | - | - |
| 1978 | 2.39 | -0.42 | -14.945 % | - | - | - |
| 1979 | 3.03 | 0.64 | 26.816 % | - | - | - |
| 1980 | 4.28 | 1.25 | 41.23 % | - | - | - |
| 1981 | 3.86 | -0.42 | -9.752 % | - | - | - |
| 1982 | 3.62 | -0.24 | -6.324 % | - | - | - |
| 1983 | 3.39 | -0.23 | -6.267 % | - | - | - |
| 1984 | 3.56 | 0.17 | 5.018 % | - | - | - |
| 1985 | 3.34 | -0.22 | -6.22 % | - | - | - |
| 1986 | 3.4 | 0.06 | 1.908 % | - | - | - |
| 1987 | 3.28 | -0.12 | -3.58 % | - | - | - |
| 1988 | 3.83 | 0.55 | 16.842 % | - | - | - |
| 1989 | 4.19 | 0.35 | 9.177 % | - | - | - |
| 1990 | 5.95 | 1.77 | 42.181 % | 11.76 | - | - |
| 1991 | 5.4 | -0.55 | -9.23 % | 12.9 | 1.14 | 9.701 % |
| 1992 | 5.59 | 0.19 | 3.507 % | 12.78 | -0.11 | -0.882 % |
| 1993 | 4.38 | -1.21 | -21.704 % | 13.6 | 0.82 | 6.41 % |
| 1994 | 4.19 | -0.19 | -4.29 % | 14.41 | 0.81 | 5.927 % |
| 1995 | 4.96 | 0.77 | 18.326 % | 15.44 | 1.03 | 7.175 % |
| 1996 | 5.69 | 0.74 | 14.826 % | 16.3 | 0.85 | 5.522 % |
| 1997 | 5.33 | -0.37 | -6.449 % | 17.53 | 1.23 | 7.562 % |
| 1998 | 4.48 | -0.84 | -15.833 % | 18.34 | 0.81 | 4.641 % |
| 1999 | 4.66 | 0.18 | 4.005 % | 16.94 | -1.4 | -7.644 % |
| 2000 | 5.08 | 0.42 | 8.953 % | 17 | 0.06 | 0.34 % |
| 2001 | 5.02 | -0.06 | -1.126 % | 17.75 | 0.75 | 4.435 % |
| 2002 | 5.34 | 0.31 | 6.215 % | 17.98 | 0.23 | 1.301 % |
| 2003 | 6.51 | 1.18 | 22.05 % | 18.75 | 0.77 | 4.266 % |
| 2004 | 7.77 | 1.26 | 19.323 % | 19.39 | 0.64 | 3.397 % |
| 2005 | 9.58 | 1.81 | 23.327 % | 20.53 | 1.14 | 5.896 % |
| 2006 | 10.33 | 0.74 | 7.772 % | 20.57 | 0.04 | 0.191 % |
| 2007 | 12.46 | 2.13 | 20.603 % | 22.4 | 1.83 | 8.88 % |
| 2008 | 15.57 | 3.12 | 25.017 % | 22.07 | -0.32 | -1.445 % |
| 2009 | 12.11 | -3.46 | -22.205 % | 22.24 | 0.17 | 0.748 % |
| 2010 | 14.37 | 2.26 | 18.647 % | 24.1 | 1.87 | 8.391 % |
| 2011 | 18.21 | 3.84 | 26.702 % | 26.35 | 2.24 | 9.301 % |
| 2012 | 17.17 | -1.04 | -5.71 % | 27 | 0.66 | 2.488 % |
| 2013 | 17.6 | 0.43 | 2.477 % | 27.74 | 0.73 | 2.72 % |
| 2014 | 18.2 | 0.61 | 3.457 % | 29.39 | 1.65 | 5.953 % |
| 2015 | 14.38 | -3.82 | -20.989 % | 29.2 | -0.19 | -0.637 % |
| 2016 | 14.02 | -0.36 | -2.497 % | 29.4 | 0.2 | 0.686 % |
| 2017 | 14.93 | 0.91 | 6.458 % | 31.91 | 2.52 | 8.556 % |
| 2018 | 16.87 | 1.94 | 12.98 % | 34.14 | 2.23 | 6.974 % |
| 2019 | 16.87 | 0.01 | 0.042 % | 36.17 | 2.03 | 5.942 % |
| 2020 | 15.34 | -1.53 | -9.08 % | 33.62 | -2.55 | -7.037 % |
| 2021 | 19.44 | 4.1 | 26.741 % | 44.03 | 10.4 | 30.936 % |
| 2022 | 20.44 | 1 | 5.121 % | 48.6 | 4.57 | 10.384 % |
| 2023 | 19.39 | -1.05 | -5.148 % | 51.57 | 2.98 | 6.125 % |
| 2024 | 20.9 | 1.51 | 7.774 % | 54.61 | 3.04 | 5.894 % |
Between 1960 to 2024, Gabon experienced the following economic phases:
The most remarkable growth occurred in 1974 with an increase of 113.649%, while the largest decline was in 2009 at -22.205%.