The economic architecture of Gabon is substantial, anchored by a Gross Domestic Product (GDP) of approximately $19.39B
2023
. This places it as the 127th largest economy out of 192 countries measured, underscoring its significance on the world stage. On a per capita basis, GDP stands at $7.8K
2023
, while its GDP adjusted for Purchasing Power Parity (PPP) is estimated at $51.58B, offering a clearer picture of the population's domestic purchasing power. The economy is navigating a period of modest growth, recorded at 2.4%
2023
, accompanied by a stable price environment, with inflation (CPI) contained at 1.2%.
2024
On the global stage, Gabon's trade and financial dynamics reveal a complex interplay of international and domestic factors. The country maintains a strong export-oriented economy, reflected in a significant trade surplus, with exports representing 63.7% of GDP compared to imports at 27.8%
2023
. The investment climate attracts significant Foreign Direct Investment (FDI), with inflows constituting 5.94% of the economy
2023
. This performance positions the country 35th globally out of 187 nations, confirming its status as a competitive destination for foreign capital. Furthermore, personal remittances from its diaspora are a vital component of the economy, amounting to a substantial $18.46M annually
2023
. The government operates under fiscal constraints, with a limited tax base that generates revenue equivalent to only 9.5% of GDP.
2021
The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $7,930
2023
, ranking the nation 86th out of 191. This figure provides a comprehensive measure of the average income per person, reflecting the nation's overall economic well-being. The country confronts significant labor market challenges, evidenced by a high unemployment rate of 20.1%.
2024
A key feature of the workforce is its concentration in the services sector, which accounts for 55.1% of total employment
2023
. Despite its economic standing, poverty remains a salient issue, with 33.4% of the population living below the national poverty line
2017
. The nation exhibits a moderate degree of income inequality, with a Gini index of 38.0.
2017
In the environmental and energy sectors, the nation's policies and outcomes reflect its developmental priorities. Energy consumption per capita stands at 2,096.246 kg of oil equivalent
2022
, a metric that often correlates with industrial activity and living standards. The country is at the forefront of the global green transition, with renewable sources constituting a remarkable 91.3% of total final energy consumption
2021
. This commitment places it 188th among 191 countries, highlighting its relative progress in decarbonization. Total greenhouse gas emissions were last recorded at 21.4K tonnes of CO2 equivalent
2023
, a key factor in its national climate strategy and international obligations.

Key Economic Insights

Macroeconomic Health

Balancing growth, inflation, and employment remains the core challenge for economic stewardship.

Trade & Investment Profile

A deeply globalized, export-powerhouse economy that is highly attractive to foreign capital, making it vulnerable but adaptive to global shifts.

Social Equity & Distribution

Ensuring equitable distribution of economic gains is fundamental for long-term social and political stability.

Energy & Sustainability

A global leader in the green transition, the country leverages its strong commitment to renewable energy as a key economic and diplomatic advantage.

More About This Country

Neighbors & Regional Peers

Note: The information on this page has been compiled from authoritative sources. While every effort is made to ensure accuracy, please note that some figures may not be current or entirely precise.