World Factbook

Gabon

République Gabonaise

Last updated: 2026-03-28 (today)

Budget

note

note: central government revenues and expenses (excluding grants/extrabudgetary units/social security funds) converted to US dollars at average official exchange rate for year indicated

revenues

$2.939 billion (2021 est.)

expenditures

$3.226 billion (2021 est.)

Exports

note

note: GDP expenditure basis - exports of goods and services in current dollars

Exports 2022

$13.814 billion (2022 est.)

Exports 2023

$12.869 billion (2023 est.)

Exports 2024

$13.622 billion (2024 est.)

Imports

note

note: GDP expenditure basis - imports of goods and services in current dollars

Imports 2022

$5.005 billion (2022 est.)

Imports 2023

$5.38 billion (2023 est.)

Imports 2024

$6.094 billion (2024 est.)

Industries

petroleum extraction and refining; manganese, gold; chemicals, ship repair, food and beverages, textiles, lumbering and plywood, cement

Labor force

824,400 (2024 est.)

note: number of people ages 15 or older who are employed or seeking work

Public debt

Public debt 2016

64.2% of GDP (2016 est.)

Remittances

note

note: personal transfers and compensation between resident and non-resident individuals/households/entities

Remittances 2021

0.1% of GDP (2021 est.)

Remittances 2022

0.1% of GDP (2022 est.)

Remittances 2023

0.1% of GDP (2023 est.)

Exchange rates

Currency

Coopération Financière en Afrique Centrale francs (XAF) per US dollar -

Exchange rates 2020

575.586 (2020 est.)

Exchange rates 2021

554.531 (2021 est.)

Exchange rates 2022

623.76 (2022 est.)

Exchange rates 2023

606.57 (2023 est.)

Exchange rates 2024

606.345 (2024 est.)

Debt - external

note

note: present value of external debt in current US dollars

Debt - external 2023

$6.442 billion (2023 est.)

Economic overview

natural-resource-rich, upper-middle-income, Central African economy; significant reliance on oil and mineral exports; highly urbanized population; high levels of poverty and unemployment; uncertainty on institutional and development reform progress following 2023 military coup

Unemployment rate

note

note: % of labor force seeking employment

Unemployment rate 2022

20.4% (2022 est.)

Unemployment rate 2023

20.3% (2023 est.)

Unemployment rate 2024

20.1% (2024 est.)

Exports - partners

China 26%, Indonesia 8%, Spain 7%, Israel 6%, Congo, Republic of the 5% (2023)

note: top five export partners based on percentage share of exports

Imports - partners

France 14%, China 13%, S. Korea 13%, USA 7%, India 4% (2023)

note: top five import partners based on percentage share of imports

Real GDP per capita

note

note: data in 2021 dollars

Real GDP per capita 2022

$18,700 (2022 est.)

Real GDP per capita 2023

$18,700 (2023 est.)

Real GDP per capita 2024

$18,900 (2024 est.)

Real GDP growth rate

note

note: annual GDP % growth based on constant local currency

Real GDP growth rate 2022

3% (2022 est.)

Real GDP growth rate 2023

2.4% (2023 est.)

Real GDP growth rate 2024

3.4% (2024 est.)

Agricultural products

oil palm fruit, plantains, cassava, sugarcane, yams, taro, vegetables, maize, groundnuts, game meat (2023)

note: top ten agricultural products based on tonnage

Exports - commodities

crude petroleum, ships, manganese ore, refined petroleum, wood (2023)

note: top five export commodities based on value in dollars

Imports - commodities

ships, refined petroleum, iron pipes, cars, packaged medicine (2023)

note: top five import commodities based on value in dollars

Current account balance

note

note: balance of payments - net trade and primary/secondary income in current dollars

Current account balance 2013

$1.463 billion (2013 est.)

Current account balance 2014

$1.112 billion (2014 est.)

Current account balance 2015

$140.996 million (2015 est.)

Taxes and other revenues

9.5% (of GDP) (2021 est.)

note: central government tax revenue as a % of GDP

GDP (official exchange rate)

$20.867 billion (2024 est.)

note: data in current dollars at official exchange rate

GDP - composition, by end use

note

note: figures may not total 100% due to rounding or gaps in data collection

household consumption

33.7% (2024 est.)

government consumption

12.2% (2024 est.)

investment in inventories

0% (2024 est.)

investment in fixed capital

18.1% (2024 est.)

exports of goods and services

65.3% (2024 est.)

imports of goods and services

-29.2% (2024 est.)

Population below poverty line

33.4% (2017 est.)

note: % of population with income below national poverty line

Inflation rate (consumer prices)

note

note: annual % change based on consumer prices

Inflation rate (consumer prices) 2022

4.2% (2022 est.)

Inflation rate (consumer prices) 2023

3.6% (2023 est.)

Inflation rate (consumer prices) 2024

1.2% (2024 est.)

Industrial production growth rate

2.8% (2024 est.)

note: annual % change in industrial value added based on constant local currency

Real GDP (purchasing power parity)

note

note: data in 2021 dollars

Real GDP (purchasing power parity) 2022

$45.363 billion (2022 est.)

Real GDP (purchasing power parity) 2023

$46.472 billion (2023 est.)

Real GDP (purchasing power parity) 2024

$48.045 billion (2024 est.)

Youth unemployment rate (ages 15-24)

male

31.1% (2024 est.)

note

note: % of labor force ages 15-24 seeking employment

total

36% (2024 est.)

female

42.3% (2024 est.)

Reserves of foreign exchange and gold

note

note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars

Reserves of foreign exchange and gold 2021

$1.304 billion (2021 est.)

Reserves of foreign exchange and gold 2022

$1.415 billion (2022 est.)

Reserves of foreign exchange and gold 2023

$1.447 billion (2023 est.)

GDP - composition, by sector of origin

note

note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

industry

50.9% (2024 est.)

services

37.5% (2024 est.)

agriculture

6.2% (2024 est.)

Household income or consumption by percentage share

note

note: % share of income accruing to lowest and highest 10% of population

lowest 10%

2.2% (2017 est.)

highest 10%

27.7% (2017 est.)

Gini Index coefficient - distribution of family income

note

note: index (0-100) of income distribution; higher values represent greater inequality

Gini Index coefficient - distribution of family income 2017

38 (2017 est.)