Economy of Gabon
Population: 2.12 M (2018)
GDP per Capita: 7,953 USD (2018)
16,850 M.

GDP USD

(2018)

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8,520 M.

EXPORTS USD

(2018)

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3,630 M.

IMPORTS USD

(2018)

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60.66 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 0.84 % (2018)
GDP of 2010 USD USD 19.20 B. (2018)
GDP Current USD USD 16.85 B. (2018)
GDP per Capita Current USD USD 7,953 (2018)
GDP per capita, PPP USD 15,862 (2018)
GDP per Capita, 2010 USD USD 9,042 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 10.57 % (2018)
Government Spending USD 1.78 B. (2018)
Government Debt % GDP 60.66 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 182.17 (2018)
Trade Openness 72.05 % (2018)
Exports of Goods and Services % GDP 50.54 % (2018)
Exports Goods & Services USD 8.52 B. (2018)
Exports Annual Growth 4.25 % (2018)
Imports as % GDP 21.51 % (2018)
Total Imports USD 3.63 B. (2018)
Foreign Direct Investment % GDP 5.02 % (2018)
Foreign Direct Investment USD 0.85 B. (2018)
Current Account Balance % GDP USD % (2018)
Current Account Balance USD B. (2018)
Trade Balance % GDP 29.02 % (2018)
Trade Balance USD B. (2018)
Foreign Exchange Reserves incl Gold USD 1.32 B. (2018)
Remittances % GDP 0.13 % (2015)
Remittances USD 4 M. (2015)
Balance of Payments USD 452 M. (2015)

Labor Market

Indicator Value
Labor Force 0.71 M. (2019)
Unemployment Rate 19.61 % (2019)
Unemployment Rate Females 28.51 % (2019)
Unemployment Rate Males 14.29 % (2019)
Youth Unemployment (ages 15-24) 35.17 % (2019)
Labor Force Participation Rate 52.26 % (2019)
Labor Force (Percent Female) 40.15 % (2019)
Female Labor Force Participation Rate 43.70 % (2019)
Male Labor Force Participation Rate 60.24 % (2019)
Dependent People 68.32 % (2018)

Agriculture Sector

Indicator Value
Forest Area 90.00 % (2016)
Forest Area km² 232,000 km² (2016)
Agricultural Land 20.03 % (2016)
Agricultural Land km² 51,600 km² (2016)
Employment 37.35 % (2019)
Value added % GDP 5.44 % (2018)
Agriculture Value added USD 0.92 B. (2018)
Crop Production Index 126.80 (2016)
Precipitation 1,831 mm (2014)
Arable Land 1 % (2016)
Cereal Yield 1,601 kg/hectare (2017)
Food production index 119 (2016)
Rural Population 11 % (2018)
Fertilizer use of Arable Land 27 kg/hectare (2016)
Livestock Production Index 114 (2016)
Economy of Gabon

According to the World Bank and its latest published data, the economy of the Gabon presents a growth rate of 0.84 % (2018) to the previous year.

With a population that reaches 2.12 M (2018) and a gross domestic product of USD 16.85 B. (2018), it translates a Gross Domestic Product per Capita of USD 7,953 placing its inhabitants on the threshold of an Upper middle income country (according to the World Bank's updated classification).

Gabon also has a workforce of 0.71 M. (2019) with an unemployment rate of 19.61 % (2019), where women represent 28.51 % (2019) and men 14.29 % (2019), the unemployment rate for young people between 15-24 years old stood at 35.17 % (2019). The total number of dependent people stands at 68.32 % (2018).

The central government spent 10.57 % (2018) of its gross domestic product that year, which in absolute terms is USD 1.78 B. (2018). Its consolidated public debt reached 60.66 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Gabon exported USD 8.52 B. (2018), which represents 50.54 % (2018) of its gross domestic product, in that same sense its imports reached USD 3.63 B. (2018) with a direct foreign investment of USD 0.85 B. (2018).

Gabon has a forest area of 232,000 km² (2016), which represents 90.00 % (2016) of its total area, an average rainfall of 1,831 mm (2014) per year and a population of 11 % (2018) living in rural areas. With a total area of 51,600 km² (2016) available for agriculture and 37.35 % (2019) of its employments, the agricultural sector contributes to the economy of the Gabon about USD 0.92 B. (2018) (5.44 % (2018) of its GDP).