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Economy of Belarus vs Gabon compared: GDP & Debt

Updated on by Georank team

Belarus has a GDP of $76B compared to $20.9B for Gabon, ranking 83/197 and 127/197 by economy size, respectively.

Belarus has $30.3B in government debt (39.9% of GDP), compared to $15.2B (72.7% of GDP) in Gabon.

Belarus vs Gabon GDP by year

Belarus
Gabon
1x
Year GDP, current $
Belarus Gabon
2024 $75,961,865,472 $20,895,684,426
2023 $72,478,760,370 $19,388,372,071
2022 $73,775,179,925 $20,440,655,695
2021 $69,673,747,132 $19,444,935,097
2020 $61,371,673,345 $15,342,236,164
2019 $64,410,170,653 $16,874,405,465
2018 $60,031,026,576 $16,867,326,402
2017 $54,725,405,751 $14,929,487,485
2016 $47,723,545,321 $14,023,890,265
2015 $56,454,769,845 $14,383,107,763
2014 $78,813,069,121 $18,203,966,896
2013 $75,527,558,966 $17,595,744,798
2012 $65,685,890,439 $17,170,464,016
2011 $61,762,382,328 $18,210,307,744
2010 $57,231,904,543 $14,372,593,020
2009 $50,873,167,326 $12,113,699,068
2008 $60,752,106,347 $15,571,348,344
2007 $45,275,711,996 $12,455,409,587
2006 $36,961,894,281 $10,327,598,306
2005 $30,210,091,837 $9,582,783,991
2004 $23,141,566,293 $7,770,219,008
2003 $17,825,444,724 $6,511,903,365
2002 $14,594,900,945 $5,335,451,100
2001 $12,354,820,144 $5,023,265,413
2000 $12,736,856,828 $5,080,483,629
1999 $12,138,486,532 $4,662,992,036
1998 $15,222,012,660 $4,483,417,310
1997 $14,128,408,566 $5,326,817,115
1996 $14,500,437,520 $5,694,040,003
1995 $13,972,683,274 $4,958,845,648
1994 $14,931,435,232 $4,190,819,344
1993 $16,275,073,527 $4,378,645,081
1992 $16,939,790,094 $5,592,390,827
1991 $18,404,907,975 $5,402,919,785
1990 $17,389,558,233 $5,952,293,765
1989 - $4,186,411,464
1988 - $3,834,503,376
1987 - $3,281,797,043
1986 - $3,403,638,189
1985 - $3,339,914,757
1984 - $3,561,451,561
1983 - $3,391,275,732
1982 - $3,618,007,841
1981 - $3,862,269,121
1980 - $4,279,637,942
1979 - $3,030,251,120
1978 - $2,389,479,272
1977 - $2,809,349,069
1976 - $3,009,409,974
1975 - $2,157,592,940
1974 - $1,544,216,002
1973 - $722,780,701
1972 - $430,508,359
1971 - $381,687,073
1970 - $323,802,476
1969 - $318,124,701
1968 - $294,468,564
1967 - $271,543,680
1966 - $245,849,781
1965 - $226,474,286
1964 - $215,679,855
1963 - $154,480,244
1962 - $182,796,536
1961 - $167,637,907
1960 - $141,468,978

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/belarus/gabon | CC BY

GDP per capita in Belarus vs Gabon by year

Belarus
GDP per capita

GDP per capita, PPP
Gabon
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belarus Gabon
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $8,318 $33,010 $8,230 $21,510
2023 $7,897 $30,834 $7,803 $20,756
2022 $7,995 $28,429 $8,409 $19,993
2021 $7,490 $27,611 $8,181 $18,524
2020 $6,543 $24,872 $6,606 $14,477
2019 $6,838 $22,302 $7,441 $15,950
2018 $6,360 $20,026 $7,624 $15,432
2017 $5,786 $18,414 $6,922 $14,797
2016 $5,040 $17,832 $6,677 $13,998
2015 $5,967 $18,134 $7,047 $14,306
2014 $8,341 $19,038 $9,201 $14,854
2013 $7,998 $19,014 $9,198 $14,498
2012 $6,953 $18,115 $9,297 $14,620
2011 $6,528 $16,563 $10,219 $14,784
2010 $6,035 $15,339 $8,357 $14,015
2009 $5,352 $14,034 $7,291 $13,384
2008 $6,376 $13,886 $9,689 $13,734
2007 $4,735 $12,320 $8,004 $14,391
2006 $3,848 $10,995 $6,847 $13,637
2005 $3,126 $9,637 $6,548 $14,028
2004 $2,378 $8,483 $5,466 $13,638
2003 $1,820 $7,362 $4,711 $13,564
2002 $1,479 $6,697 $3,966 $13,369
2001 $1,244 $6,238 $3,836 $13,556
2000 $1,276 $5,796 $3,983 $13,326
1999 $1,211 $5,331 $3,751 $13,629
1998 $1,511 $5,061 $3,700 $15,138
1997 $1,396 $4,596 $4,509 $14,837
1996 $1,427 $4,039 $4,943 $14,147
1995 $1,371 $3,846 $4,415 $13,750
1994 $1,460 $4,190 $3,828 $13,164
1993 $1,590 $4,641 $4,106 $12,757
1992 $1,658 $4,917 $5,386 $12,312
1991 $1,805 $5,330 $5,345 $12,760
1990 $1,707 $5,220 $6,051 $11,952
1989 - - $4,374 -
1988 - - $4,119 -
1987 - - $3,624 -
1986 - - $3,865 -
1985 - - $3,898 -
1984 - - $4,273 -
1983 - - $4,182 -
1982 - - $4,584 -
1981 - - $5,026 -
1980 - - $5,718 -
1979 - - $4,155 -
1978 - - $3,360 -
1977 - - $4,048 -
1976 - - $4,441 -
1975 - - $3,258 -
1974 - - $2,384 -
1973 - - $1,140 -
1972 - - $693 -
1971 - - $627 -
1970 - - $543 -
1969 - - $545 -
1968 - - $515 -
1967 - - $482 -
1966 - - $443 -
1965 - - $415 -
1964 - - $400 -
1963 - - $290.7 -
1962 - - $348 -
1961 - - $323 -
1960 - - $276.1 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/belarus/gabon | CC BY

Belarus' GDP per capita is $8,318, ranking 92/197, compared to $8,230 in Gabon, ranking 93/197. Adjusted for purchasing power (GDP per capita PPP), Belarus ranks 68th at $33,010, while Gabon ranks 90th at $21,510.

Economic indicators

Belarus Gabon
Gross domestic product
$76B
2024
$20.9B
2024
GDP rank
83/197
2024
127/197
2024
GDP growth
4.01%
2023-2024
3.39%
2023-2024
GDP per capita
$8,318
2024
$8,230
2024
GDP per capita rank
92/197
2024
93/197
2024
GDP per capita, PPP
$33,010
2024
$21,510
2024
GDP per capita PPP rank
68/197
2024
90/197
2024
Government debt
$30.3B
2024
$15.2B
2024
Debt-to-GDP ratio
39.9%
2024
72.7%
2024
Government debt per person
$3,318
2024
$5,985
2024
Government debt per person rank
97/185
2024
75/185
2024
Average annual personal income after taxes
$7,345
2026
$5,368
2026
Market capitalization of domestic companies
$6.01B
2024
n/a
Income share by richest 10%
20.7%
2020
27.7%
2017
Income share by poorest 10%
4.5%
2020
2.2%
2017
Government expenditure, % of GDP
40.9%
2024
24.8%
2024
Consumer prices inflation
5.7%
2023-2024
1.17%
2023-2024
Central bank interest rate
9.75%
2025
n/a
Unemployment rate
3.04%
2024
20.4%
2010
Population
9013835
2663339

Spending and national debt comparison by year

Belarus
Spending

Debt
Gabon
Spending

Debt
1x
Year % of GDP
Belarus Gabon
Government spending Government debt Government spending Government debt
2024 40.9% 39.9% 24.8% 72.7%
2023 40.3% 40.7% 21.5% 70.6%
2022 38% 40.8% 19.7% 65.6%
2021 36.7% 41.2% 17.3% 72.9%
2020 38% 47.5% 19.8% 83%
2019 37.4% 41% 17.4% 59.8%
2018 37.8% 47.5% 17.1% 62.3%
2017 39% 53.2% 18.1% 62.9%
2016 40.7% 53.5% 21.8% 64.5%
2015 41.8% 53% 22.3% 44.7%
2014 38.8% 38.8% 23.8% 34.1%
2013 40.8% 36.9% 34.7% 31.1%
2012 38.9% 36.9% 23.9% 21.4%
2011 40.3% 58.2% 22.1% 21.4%
2010 44.3% 36.8% 23.1% 21.3%
2009 51.7% 32.5% 22.6% 26%
2008 60% 20.3% 18.9% 20.1%
2007 49.2% 15.8% 19.4% 39.2%
2006 47.2% 12.3% 21.1% 34.9%
2005 45% 8.12% 20.8% 41.7%
2004 44% 9.22% 20.9% 60.3%
2003 43.5% - 21.2% 70.2%
2002 43.8% - 25.7% 81.1%
2001 42.4% - 27.8% 81%
2000 - - 20.3% 72.5%
1999 - - 25.5% 73.1%
1998 - - 45.5% 87.6%
1997 - - 29.7% 57%
1996 - - 22.2% 64.5%
1995 - - 25.1% 73.4%
1994 - - 23.9% 71.3%
1993 - - 26.9% 90.1%
1992 - - 26.5% 87.9%
1991 - - 25.1% 89.3%
1990 - - 22.6% 90%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/belarus/gabon | CC BY

In 2024, Belarus' government spending was $31.1B, accounting for 40.9% of its GDP, while Gabon spent $5.18B, or 24.8% of GDP.

Debt-to-GDP ratio is 39.9% in Belarus and 72.7% in Gabon, ranking 133/185 and 51/185, respectively.

Government deficit by year

Deficit/surplus
Belarus

Gabon
1x
Year Deficit/surplus, % of GDP
Belarus Gabon
2024 1.05% -3.84%
2023 0.76% 1.79%
2022 -1.98% -0.89%
2021 -0.22% -1.93%
2020 -2.87% -2.19%
2019 0.91% 2.13%
2018 1.8% -0.21%
2017 -0.34% -1.7%
2016 -1.66% -4.71%
2015 -2.96% -1.12%
2014 0.09% 5.98%
2013 -0.98% -3.07%
2012 0.36% 6.2%
2011 -2.81% 1.41%
2010 -4.19% 2.7%
2009 -7.23% 6.77%
2008 -10.9% 11%
2007 -7.82% 8.06%
2006 -7.71% 8.67%
2005 -6.71% 7.98%
2004 -7.06% 6.99%
2003 -6.74% 7.75%
2002 -7.81% 3.72%
2001 -4.74% 4.07%
2000 - 11.1%
1999 - 1.11%
1998 - -13.1%
1997 - 1.41%
1996 - 2.12%
1995 - 2.64%
1994 - -1.53%
1993 - -5.35%
1992 - -4.9%
1991 - -2.03%
1990 - -3.83%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/belarus/gabon | CC BY

In 2024, Belarus' government surplus, the difference between spending and revenue, was $796M, equivalent to 1.05% of GDP. This compares to Gabon's deficit of $802M, or 3.84% of GDP.

Over the past 24 years, Belarus recorded a fiscal deficit in 18 of those years, while Gabon ran a deficit in 9 years. On average, Belarus posted an annual deficit equal to 3.32% of GDP, compared to surplus of 2.73% of GDP for Gabon.

Inflation comparison by year

Inflation
Belarus

Gabon
1x
Year Consumer prices inflation
Belarus Gabon
2024 5.7% 1.17%
2023 5% 3.63%
2022 15.2% 4.23%
2021 9.5% 1.09%
2020 5.5% 1.35%
2019 5.6% 2.46%
2018 4.9% 4.75%
2017 6% 2.65%
2016 11.8% 2.11%
2015 13.5% -0.34%
2014 18.1% 4.69%
2013 18.3% 0.51%
2012 59.2% 2.65%
2011 53.2% 1.26%
2010 7.7% 1.46%
2009 13% 1.89%
2008 14.8% 5.26%
2007 8.4% 5.03%
2006 7% -1.41%
2005 10.3% 3.71%
2004 18.1% 0.41%
2003 28.4% 2.24%
2002 42.6% 0.04%
2001 61.1% 2.14%
2000 168.6% 0.5%
1999 293.7% -1.94%
1998 73% 1.45%
1997 63.8% 3.97%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/belarus/gabon | CC BY

Over the past 28 years, Belarus has recorded an average annual inflation rate of 37.2%, compared with 2.03% in Gabon. In 2024, inflation was 5.7% in Belarus and 1.17% in Gabon.

Top exports between countries

Belarus
Export category Export value
Raw materials & minerals $176K
Transport & tourism services $139K
Machinery & equipment $28K
IT & IP services $5K
Gabon
Export category Export value

Balance of trade

Belarus Gabon
Current account balance
-$1.94B
2024
$141M
2015
Current account balance ranking
142/190
2024
66/190
2015
Current account balance, % of GDP
-2.56%
2024
+0.98%
2015
Goods imports
$44.2B
2024
$3.17B
2015
Goods exports
$39.5B
2024
$5.11B
2015
Service imports
$6.82B
2024
$1.88B
2015
Service exports
$10.1B
2024
$277M
2015
Imports of goods and services, % of GDP
66.9%
2024
27.5%
2024
Exports of goods and services, % of GDP
65.1%
2024
64.6%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Belarus Gabon
Economic freedom 49.1 56.6
Economic freedom ranking 166/197 120/197
Property rights 20 30
Government integrity 28.3 22.6
Judicial effectiveness 11.5 19.9
Tax burden 93.5 76.5
Government spending 52.6 85.5
Fiscal health 96.8 87.9
Business freedom 50.3 63.6
Labor freedom 48 55.4
Monetary freedom 69 80.9
Trade freedom 69.2 57.4
Investment freedom 30 60
Financial freedom 20 40

Economic freedom comparison by year

Belarus
Gabon
1x
Year Economic freedom index
Belarus Gabon
2026 49.1 56.6
2025 48.9 56.3
2024 48.4 56.9
2023 51 56.1
2022 53 55.8
2021 61 58.1
2020 61.7 56.7
2019 57.9 56.3
2018 58.1 58
2017 58.6 58.6
2016 48.8 59
2015 49.8 58.3
2014 50.1 57.8
2013 48 57.8
2012 49 56.4
2011 47.9 56.7
2010 48.7 55.4
2009 45 55
2008 45.3 54.2
2007 47 54.8
2006 47.5 56.1
2005 46.7 54.8
2004 43.1 57.1
2003 39.7 58.7
2002 39 58
2001 38 55
2000 41.3 58.2
1999 35.4 60.5
1998 38 59.2
1997 39.8 58.8
1996 38.7 55.7
1995 40.4 57.5

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/belarus/gabon | CC BY

The Economic Freedom Index for Belarus is 49.1, ranking 166/197, compared to 56.6 for Gabon, ranking 120/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Belarus Gabon
Services, % of GDP
49.7%
2024
36.8%
2024
Industry, % of GDP
30.7%
2024
52.9%
2024
Agriculture, forestry, and fishing, % of GDP
6.87%
2024
6.56%
2024
GNI, Atlas method
$75.4B
2024
$19.8B
2024
GNI per capita, PPP
$32,300
2024
$20,400
2024
Total reserves including gold
$8.91B
2024
$1.45B
2023
Total reserves ranking
82/177
2024
136/177
2023
Net foreign direct investment
-$1.57B
2024
-$25.3M
2015
Net inflows of foreign direct investment
$1.74B
2024
$1.14B
2024
Net outflows of foreign direct investment
$170M
2024
-$33.8M
2019
Servicing debt to the IMF, % of GNI
7.19%
2024
5.67%
2024
Poverty at national poverty lines
3.9%
2022
33.4%
2017
Gross capital formation, % of GDP
25.8%
2024
19.1%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/belarus/gabon | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2020–2021, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.