Gabon Economic Statistics and Indicators

13, Dec 2019, EST. Welcome to the Gabon economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Gabon › Change country
National or Regional Currency: Central African Franc, XAF
Year of data: 2015 › Change year
Number of Indicators Listed: 33
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 1672597 ; note: estimates for this country explicitly take into account the effects of excess mortality due to AIDS; this can result in lower life expectancy, higher infant mortality, higher death rates, lower population growth rates, and changes in the distribution of population by age and sex than would otherwise be expected (July 2014 est.)
Area: total: 267,667 sq km ; land: 257,667 sq km ; water: 10,000 sq km
Natural Resources: petroleum, natural gas, diamond, niobium, manganese, uranium, gold, timber, iron ore, hydropower
Capital: name: Libreville ; geographic coordinates: 0 23 N, 9 27 E ; time difference: UTC+1 (6 hours ahead of Washington, DC, during Standard Time)

Gabon enjoys a per capita income four times that of most sub-Saharan African nations, but because of high income inequality, a large proportion of the population remains poor. Gabon depended on timber and manganese until oil was discovered offshore in the early 1970s. The economy was reliant on oil for about 50% of its GDP, about 70% of revenues, and 87% of goods exports for 2010, although some fields have passed their peak production. A rebound of oil prices from 1999 to 2008 helped growth, but declining production has hampered Gabon from fully realizing potential gains. Gabon signed a 14-month Stand-By Arrangement with the IMF in May 2007, and later that year issued a $1 billion sovereign bond to buy back a sizable portion of its Paris Club debt. Gabon continues to face fluctuating prices for its oil, timber, and manganese exports. Despite the abundance of natural wealth, poor fiscal management has stifled the economy. However, President BONGO ONDIMBA has made efforts to increase transparency and is taking steps to make Gabon a more attractive investment destination to diversify the economy. BONGO ONDIMBA has attempted to boost growth by increasing government investment in human resources and infrastructure. GDP grew more than 6% per year over the 2010-13 period.
More on the Gabon Economy
More on the Gabon Export, Import and Trade

GDP (Constant Prices, National Currency) for Gabon in year 2015 is XAF 5,353.93 Billion.

GDP Growth (Constant Prices, National Currency) for Gabon in year 2015 is 4.013 %.

GDP (Current Prices, National Currency) for Gabon in year 2015 is XAF 8,483.10 Billion.

GDP (Current Prices, US Dollars) for Gabon in year 2015 is US$ 14.35 Billion.

GDP Deflator for Gabon in year 2015 is 158.446 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Gabon in year 2015 is XAF 2,886,225.18 .

GDP Per Capita (Current Prices, National Currency) for Gabon in year 2015 is XAF 4,573,115.72 .

GDP Per Capita (Current Prices, US Dollars) for Gabon in year 2015 is US$ 7,735.94 .

GDP (PPP), US Dollars for Gabon in year 2015 is US$ 34.575 Billion.

GDP Per Capita (PPP), US Dollars for Gabon in year 2015 is US$ 18,639.05 .

GDP Share of World Total (PPP) for Gabon in year 2015 is 0.03 %.

Implied PPP Conversion Rate for Gabon in year 2015 is 245.351 .

Investment (% of GDP) for Gabon in year 2015 is 37.753 %.

Gross National Savings (% of GDP) for Gabon in year 2015 is 34.81 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Gabon in year 2015 is 123.142 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Gabon in year 2015 is 0.098 %.

Inflation, End of Year (Indexed to Year 2000) for Gabon in year 2015 is 124.26 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Gabon in year 2015 is 0.053 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Gabon in year 2015 is -6.034 %.

Import Volumes of Goods Only (Percent Change) for Gabon in year 2015 is -6.034 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Gabon in year 2015 is 21.065 %.

Export Volumes of Goods Only (Percent Change) for Gabon in year 2015 is 21.065 %.

Population for Gabon in year 2015 is 1.855 Million .

General government revenue (National Currency) for Gabon in year 2015 is XAF 1,811.46 Billions.

General government revenue (% of GDP) for Gabon in year 2015 is 21.354 %.

General government total expenditure (National Currency) for Gabon in year 2015 is XAF 2,009.86 Billions.

General government total expenditure (% of GDP) for Gabon in year 2015 is 23.693 %.

Total Government Net Lending/ Borrowing (National Currency) for Gabon in year 2015 is XAF -198.402 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Gabon in year 2015 is -2.339 %.

Fiscal Year Gross Domestic Product, Current Prices for Gabon in year 2015 is XAF 8,483.10 Billions.

Current Account Balance (US Dollars) for Gabon in year 2015 is US$ -0.409 Billion.

Current Account Balance (% GDP) for Gabon in year 2015 is -2.848 %.