Gabon: Oil And Instability
Gabon is cleaning its fiscal house, and hopes to prove it can be more than just an oil producer.
Gabon GDP and Economic Data
Country Report 2017 - Includes Gabon real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Gabon economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Gabon best banks and safest banks are also available.
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International Reserves
USD 1.3 billion (2018)
International Monetary Fund (IMF), data retrieved October 2019
Gross Domestic Product - GDP
USD 17.0 billion (2018, estimate)
GDP (Purchasing Power Parity)
Intl$ 38.0 billion (2018, estimate)
Real GDP growth
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |
| 6.3% | 1.7% | -2.3% | 6.3% | 7.1% | 5.3% | 5.5% |
| 2014 | 2015 | 2016 | 2017* | 2018* | ||
| 4.4% | 3.9% | 2.1% | 0.5% | 1.2% |
*Estimate
GDP (PPP) - share of world total
| 1980 | 1990 | 2000 | 2010 | 2019* |
| 0.06% | 0.05% | 0.04% | 0.03% | 0.03% |
*Estimate
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GDP - composition by sector
- agriculture: 5.3%
- industry: 45.5%
- services: 42.6%
(2017 estimate)
Inflation
| 2015 | 2016 | 2017 | 2018* | 2019* |
| -0.1% | 2.1% | 2.7% | 4.8% | 3% |
*Estimate
Unemployment rate
| 2015 | 2016 | 2017 | 2018 | 2019 |
| N/A | N/A | N/A | N/A | N/A |
*Estimate
Public debt (General government gross debt as a % of GDP)
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 44.7% | 64.2% | 62.6% | 60.7% | 56.4% |
*Estimate
Public deficit (General government net lending/borrowing as a % of GDP)
| 2015 | 2016 | 2017 | 2018* | 2019* |
| -1.1% | -4.7% | -1.7% | -0.2% | 1.6% |
*Estimate
Government bond ratings
Standard & Poor's: N/A
Moody's: Caa1
Standard & Poor's / Moody's
Source
Market value of publicly traded shares
| 2016 | 2017 | 2018 |
| N/A | N/A | N/A |
Source
Current account balance by percentage of GDP
-2.4 % (2018 estimate)
Exports as percent of GDP (Exports of goods and services)
50.2% (2017)
Shares in world total merchandising export
0.04% (2018)
Shares in world total commercial services export
0.01% (2016)
Export commodities
Crude oil, timber, manganese, uranium
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Import commodities
Machinery and equipment, foodstuffs, chemicals, construction materials
Exports - major partners
China 36.4%, US 10%, Ireland 8.5%, Netherlands 6.3%, South Korea 5.1%, Australia 5%, Italy 4.6% (2017)
Imports - major partners
France 23.6%, Belgium 19.6%, China 15.2% (2017)
FDI inflows
| 2016 | 2017 | 2018 |
| USD 1,241 million | USD 1,498 million | USD 846 million |
FDI outflows
| 2016 | 2017 | 2018 |
| USD 45 million | USD -84 million | USD -63 million |
Value of cross-border M&A, by country of purchaser
| 2015 | 2016 | 2017 | 2018 |
| N/A | N/A | N/A | N/A |
Cross-border M&A deals worth over $3 billion completed in 2014
N/A
Cross-border M&A deals worth over $3 billion completed in 2015
N/A
Best countries for doing business
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking:
169 out of 190 countries
Subcategories:
Starting a Business: 96 out of 190 countries
Dealing with Construction Permits: 141 out of 190 countries
Getting Electricity: 164 out of 190 countries
Registering Property: 171 out of 190 countries
Getting Credit: 132 out of 190 countries
Protecting Minority Investors: 170 out of 190 countries
Paying Taxes: 182 out of 190 countries
Trading across Borders: 170 out of 190 countries
Enforcing Contracts: 180 out of 190 countries
Resolving Insolvency: 130 out of 190 countries
World Bank - Doing Business 2019
Source
Global competitiveness ranking
119 out of 141 countries
(2019)
Index of Economic Freedom
Ranking: 118 / Score: 56.3 (Mostly unfree)
(100=totally free 0=totally repressed)
Source
Source
Currency
Cooperation Financiere en Afrique Centrale francs (XAF)
Languages
French (official), Fang, Myene, Nzebi, Bapounou/Eschira, Bandjabi
Religions
Roman Catholic 42.3%, Protestant 12.3%, other Christian 27.4%, Muslim 9.8%, animist 0.6%, other 0.5%, none/no answer 7.1% (2012 est.)
Total population
| 1990 | 2000 | 2010* | 2015* | 2020* |
| 0.93 million | 1.21 million | 1.61 million | 1.93 million | 2.11 million |
*Estimate
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2015 |
| 17.4% | 54.7% | 78.9% | 89.4% |
Literacy
Total population: 83.2%
Male: 85.3%
Female: 81%
Definition: age 15 and over can read and write (2015 est.)
% of population living on less than $3.10 a day
11.2% (last available estimate, 2017)
Inequality of wealth distribution (Gini index)
38 (last available estimate, 2017)
Source
Freedom House rating
Not Free
Political Rights: 7
Civil Liberties: 5 (2019)
(1 represents the most free, 7 the least free rating)
Source
Total telephone subscribers as % of population
Fixed: 1% Mobile: 138.3% (2018)
(fixed-telephone subscribers and mobile-cellular subscribers)