The Gross Domestic Product (GDP) in Gabon contracted 1.80 percent in 2020 over the previous year. source: Bank of Central African States

GDP Annual Growth Rate in Gabon averaged 2.28 percent from 1994 until 2020, reaching an all time high of 7 percent in 2011 and a record low of -11.30 percent in 1999. This page provides - Gabon GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Gabon GDP Annual Growth Rate - values, historical data and charts - was last updated on July of 2021.

GDP Annual Growth Rate in Gabon is expected to reach 1.50 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Gabon GDP Annual Growth Rate is projected to trend around 2.60 percent in 2022 and 3.50 percent in 2023, according to our econometric models.

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Gabon GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-1.80 2.90 7.00 -11.30 1994 - 2020 percent Yearly

Gabon GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -1.80 2.90 7.00 -11.30 percent [+]
GDP 15.59 16.87 18.21 0.14 USD Billion [+]
GDP per capita 8839.76 9177.52 19581.79 4366.44 USD [+]
GDP per capita PPP 14399.87 14950.08 19465.25 13934.86 USD [+]


Gabon GDP Annual Growth Rate
Gabon is one of the most developed countries in sub-Saharan Africa. Abundance of natural resources such as oil and timber sustain Gabon’s economy. However, mismanagement and corruption result in inequality in wealth distribution. In recent years, investments have been undertaken in agriculture and tourism in order to diversify Gabon’s economy.