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Economy of Cameroon vs Gabon compared: GDP & Debt

Updated on by Georank team

Cameroon has a GDP of $51.3B compared to $20.9B for Gabon, ranking 92/197 and 126/197 by economy size, respectively.

Cameroon has $21.9B in government debt (39.9% of GDP), compared to $15.3B (79.2% of GDP) in Gabon.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Cameroon
GDP, current $

GDP, constant 2015 $
Gabon
GDP, current $

GDP, constant 2015 $
Year GDP
Cameroon Gabon
Current $ Constant $ Current $ Constant $
1960 $614,206,068 $4,827,329,402 $141,468,978 $1,696,430,402
1961 $652,777,608 $4,884,469,574 $167,637,907 $1,946,939,619
1962 $694,247,864 $5,033,033,600 $182,796,536 $2,091,971,271
1963 $718,320,845 $5,221,397,415 $154,480,244 $2,219,423,267
1964 $776,650,177 $5,406,608,720 $215,679,855 $2,320,505,871
1965 $814,083,266 $5,516,149,517 $226,474,286 $2,513,881,414
1966 $851,112,535 $5,770,717,369 $245,849,781 $2,627,207,303
1967 $936,175,260 $5,141,012,904 $271,543,680 $2,735,320,899
1968 $1,046,191,218 $5,467,278,233 $294,468,564 $2,803,944,654
1969 $1,100,551,489 $5,735,255,756 $318,124,701 $3,030,584,989
1970 $1,151,216,993 $5,912,593,777 $323,802,476 $3,293,619,830
1971 $1,236,941,394 $6,118,334,765 $381,687,073 $3,631,503,426
1972 $1,498,251,890 $6,281,929,449 $430,508,359 $4,043,205,905
1973 $1,901,393,361 $6,618,369,537 $722,780,701 $4,454,902,662
1974 $2,157,415,533 $7,328,802,680 $1,544,216,002 $6,214,014,316
1975 $2,857,037,371 $8,152,930,849 $2,157,592,940 $7,406,490,804
1976 $2,898,090,002 $7,704,916,015 $3,009,409,974 $10,045,078,185
1977 $3,394,664,024 $8,763,561,577 $2,809,349,069 $8,781,197,290
1978 $4,662,852,583 $10,691,808,462 $2,389,479,272 $6,669,389,058
1979 $5,919,002,983 $11,337,071,802 $3,030,251,120 $6,701,028,992
1980 $6,674,569,047 $11,114,265,274 $4,279,637,942 $6,872,102,051
1981 $6,610,938,617 $13,012,879,895 $3,862,269,121 $7,222,258,279
1982 $6,611,255,964 $13,990,954,313 $3,618,007,841 $6,998,547,355
1983 $6,870,200,010 $14,951,689,440 $3,391,275,732 $7,391,042,735
1984 $7,311,938,026 $16,069,264,314 $3,561,451,561 $7,946,028,914
1985 $8,544,810,498 $17,364,955,075 $3,339,914,757 $7,760,652,085
1986 $11,857,056,199 $18,540,851,327 $3,403,638,189 $7,698,287,661
1987 $13,049,659,981 $18,142,844,102 $3,281,797,043 $6,378,336,009
1988 $12,236,057,362 $16,723,414,750 $3,834,503,376 $7,197,655,800
1989 $11,012,566,195 $16,419,195,682 $4,186,411,464 $7,812,717,801
1990 $12,314,482,628 $15,416,689,238 $5,952,293,765 $8,218,372,647
1991 $11,840,192,296 $14,829,529,308 $5,402,919,785 $8,720,720,961
1992 $12,071,775,335 $14,369,813,424 $5,592,390,827 $8,451,237,981
1993 $16,181,814,713 $13,229,990,256 $4,378,645,081 $8,784,770,737
1994 $8,902,446,252 $13,478,291,934 $4,190,819,344 $9,110,927,738
1995 $10,864,772,471 $13,868,353,888 $4,958,845,648 $9,564,091,413
1996 $11,093,538,846 $14,452,915,010 $5,694,040,003 $9,910,794,415
1997 $10,789,458,433 $15,107,243,821 $5,326,817,115 $10,479,512,211
1998 $11,298,144,990 $15,821,141,893 $4,483,417,310 $10,843,972,206
1999 $11,565,826,465 $16,534,881,735 $4,662,992,036 $9,875,321,072
2000 $10,566,579,295 $17,168,567,485 $5,080,483,629 $9,689,372,095
2001 $10,953,485,349 $17,910,981,186 $5,023,265,413 $9,896,262,806
2002 $12,417,251,350 $18,712,860,619 $5,335,451,100 $9,871,617,829
2003 $15,970,315,035 $19,733,301,669 $6,511,903,365 $10,093,465,659
2004 $18,826,214,136 $21,124,275,033 $7,770,219,008 $10,163,064,451
2005 $19,509,852,207 $21,594,980,960 $9,582,783,991 $10,435,048,721
2006 $20,910,512,975 $22,417,659,743 $10,327,598,306 $10,142,180,902
2007 $23,928,250,433 $23,387,803,923 $12,455,409,587 $10,751,534,087
2008 $27,715,142,033 $24,053,813,244 $15,571,348,344 $10,395,827,038
2009 $27,932,970,317 $24,674,221,649 $12,113,699,068 $10,409,376,036
2010 $27,507,501,821 $25,389,533,435 $14,372,593,020 $11,147,389,067
2011 $30,630,910,495 $26,247,499,414 $18,210,307,744 $11,937,934,403
2012 $30,155,062,329 $27,461,703,152 $17,170,464,016 $12,564,804,521
2013 $33,728,621,180 $28,833,560,541 $17,595,744,798 $13,273,296,029
2014 $36,386,544,706 $30,482,787,768 $18,203,966,896 $13,846,034,032
2015 $32,210,233,020 $32,210,233,020 $14,383,107,763 $14,383,107,763
2016 $33,814,337,044 $33,671,222,913 $14,023,890,265 $14,683,922,149
2017 $36,098,547,033 $34,863,580,363 $14,929,487,485 $14,753,324,537
2018 $39,955,552,190 $36,242,614,249 $16,867,326,402 $14,876,945,090
2019 $39,667,757,528 $37,502,066,833 $16,874,405,465 $15,460,241,661
2020 $40,773,241,177 $37,599,547,049 $15,342,236,164 $15,176,119,360
2021 $45,011,937,347 $38,854,942,335 $19,444,935,097 $15,398,898,314
2022 $44,347,206,073 $40,306,867,605 $20,440,655,695 $15,866,657,481
2023 $49,279,410,983 $41,616,173,715 $20,055,720,403 $16,254,737,015
2024 $51,326,764,685 $43,143,796,435 $20,867,044,936 $16,804,782,297

Economic indicators

Cameroon Gabon
Gross domestic product
$51.3B
2024
$20.9B
2024
GDP rank
92/197
2024
126/197
2024
GDP growth
4.15%
2023-2024
4.05%
2023-2024
GDP per capita
$1,762
2024
$8,219
2024
GDP per capita rank
159/197
2024
96/197
2024
GDP per capita, PPP
$5,591
2024
$21,510
2024
Government debt
$21.9B
2024
$15.3B
2024
Debt-to-GDP ratio
39.9%
2025
79.2%
2025
Government debt per person
$752
2024
$6,033
2024
Government debt per person rank
152/185
2024
73/185
2024
Average annual personal income after taxes
$1,492
2025
$5,135
2025
Income share by richest 10%
31.1%
2021
27.7%
2017
Income share by poorest 10%
2.1%
2021
2.2%
2017
Government expenditure, % of GDP
16.3%
2025
26.3%
2025
Consumer prices inflation
4.53%
2023-2024
1.17%
2023-2024
Unemployment rate
3.28%
2021
20.4%
2010
Population
30491011
2636721

GDP per capita in Cameroon vs Gabon

Cameroon's GDP per capita is $1,762, ranking 159/197, compared to $8,219 in Gabon, ranking 96/197. Adjusted for purchasing power (GDP per capita PPP), Cameroon ranks 155th at $5,591, while Gabon ranks 89th at $21,510.

Cameroon
GDP per capita

GDP per capita, PPP
Gabon
GDP per capita

GDP per capita, PPP
Year Current $
Cameroon Gabon
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $119.1 - $276.1 -
1961 $124.6 - $323 -
1962 $130 - $348 -
1963 $131.6 - $290.7 -
1964 $139.2 - $400 -
1965 $142.7 - $415 -
1966 $145.8 - $443 -
1967 $156.6 - $482 -
1968 $170.8 - $515 -
1969 $175.2 - $545 -
1970 $178.5 - $543 -
1971 $186.7 - $627 -
1972 $220.1 - $693 -
1973 $271.8 - $1,140 -
1974 $299.9 - $2,384 -
1975 $386 - $3,258 -
1976 $381 - $4,441 -
1977 $435 - $4,048 -
1978 $582 - $3,360 -
1979 $718 - $4,155 -
1980 $784 - $5,718 -
1981 $750 - $5,026 -
1982 $732 - $4,584 -
1983 $746 - $4,182 -
1984 $772 - $4,273 -
1985 $875 - $3,898 -
1986 $1,179 - $3,865 -
1987 $1,258 - $3,624 -
1988 $1,145 - $4,119 -
1989 $1,001 - $4,374 -
1990 $1,087 $2,032 $6,051 $11,952
1991 $1,015 $1,963 $5,345 $12,760
1992 $1,005 $1,890 $5,386 $12,312
1993 $1,310 $1,731 $4,106 $12,757
1994 $701 $1,752 $3,828 $13,164
1995 $832 $1,790 $4,415 $13,750
1996 $827 $1,850 $4,943 $14,147
1997 $783 $1,915 $4,509 $14,837
1998 $799 $1,975 $3,700 $15,138
1999 $796 $2,039 $3,751 $13,629
2000 $709 $2,108 $3,983 $13,326
2001 $715 $2,191 $3,836 $13,556
2002 $790 $2,263 $3,966 $13,369
2003 $988 $2,368 $4,711 $13,564
2004 $1,133 $2,533 $5,466 $13,638
2005 $1,143 $2,598 $6,548 $14,028
2006 $1,191 $2,704 $6,847 $13,637
2007 $1,326 $2,818 $8,004 $14,391
2008 $1,492 $2,870 $9,689 $13,734
2009 $1,461 $2,879 $7,291 $13,384
2010 $1,399 $2,914 $8,357 $14,015
2011 $1,514 $2,989 $10,219 $14,784
2012 $1,449 $3,060 $9,297 $14,620
2013 $1,576 $3,239 $9,198 $14,498
2014 $1,649 $3,422 $9,201 $14,854
2015 $1,415 $3,498 $7,047 $14,306
2016 $1,442 $3,627 $6,677 $13,998
2017 $1,496 $3,767 $6,922 $14,797
2018 $1,611 $4,011 $7,624 $15,432
2019 $1,555 $4,241 $7,441 $15,950
2020 $1,556 $4,365 $6,606 $14,477
2021 $1,672 $4,794 $8,181 $18,524
2022 $1,605 $5,189 $8,409 $19,993
2023 $1,737 $5,406 $8,071 $20,757
2024 $1,762 $5,591 $8,219 $21,510

Spending and national debt comparison

In 2024, Cameroon's government spending was $8.52B, accounting for 16.3% of its GDP, while Gabon's spent $5.2B, or 26.3% of GDP.

Debt-to-GDP ratio is 39.9% in Cameroon and 79.2% in Gabon, ranking 136/185 and 44/185, respectively.

Cameroon
Government spending

Government debt
Gabon
Government spending

Government debt
Year % of GDP
Cameroon Gabon
Government spending Government debt Government spending Government debt
1990 - - 22.6% 90%
1991 - - 25.1% 89.3%
1992 - - 26.5% 87.9%
1993 - - 26.9% 90.1%
1994 - - 23.9% 71.3%
1995 - - 25.1% 73.4%
1996 - - 22.2% 64.5%
1997 - - 29.7% 57%
1998 - 67.8% 45.5% 87.6%
1999 - 68.4% 25.5% 73.1%
2000 14.6% 75.9% 20.3% 72.5%
2001 14.6% 62.2% 27.8% 81%
2002 13.9% 56.6% 25.7% 81.1%
2003 13.2% 51.5% 21.2% 70.2%
2004 13.4% 51.7% 20.9% 60.3%
2005 12.4% 43.8% 20.8% 41.7%
2006 12.5% 18.4% 21.1% 34.9%
2007 13.5% 13.8% 19.4% 39.2%
2008 15.9% 11.2% 18.9% 20.1%
2009 14.7% 11.3% 22.6% 26%
2010 15.2% 14% 23.1% 21.3%
2011 17.8% 15% 22.1% 21.4%
2012 17.2% 14.9% 23.9% 21.4%
2013 19.2% 17.5% 34.7% 31.1%
2014 20.1% 20.7% 23.8% 34.1%
2015 20.1% 31.6% 22.3% 44.7%
2016 20.2% 32.1% 21.8% 64.5%
2017 19.2% 36.5% 18.1% 62.9%
2018 18% 38.3% 17.1% 62.3%
2019 18.7% 41.6% 17.4% 59.8%
2020 16.6% 44.9% 19.8% 83%
2021 17.1% 47.2% 17.3% 72.9%
2022 17.1% 45.6% 19.7% 65.6%
2023 17.1% 43.2% 21.5% 70.6%
2024 16.6% 42.7% 24.9% 73.4%
2025 16.3% 39.9% 26.3% 79.2%

Government deficit by year

In 2024, Cameroon's government deficit, the difference between spending and revenue, was -$307M, equivalent to -0.6% of GDP. This compares to Gabon's deficit of -$807M, or -3.87% of GDP.

Over the past 25 years, Cameroon recorded a fiscal deficit in 17 of those years, while Gabon ran a deficit in 9 years. On average, Cameroon posted an annual deficit equal to -0.007% of GDP, compared to surplus of +3.07% of GDP for Gabon.

Deficit/surplus
Cameroon

Gabon
Year Deficit/surplus, % of GDP
Cameroon Gabon
1990 - -3.83%
1991 - -2.03%
1992 - -4.9%
1993 - -5.35%
1994 - -1.53%
1995 - 2.64%
1996 - 2.12%
1997 - 1.41%
1998 - -13.1%
1999 - 1.11%
2000 1.54% 11.1%
2001 0.86% 4.07%
2002 1.51% 3.72%
2003 0.56% 7.75%
2004 -0.46% 6.99%
2005 3.03% 7.98%
2006 28.2% 8.67%
2007 3.87% 8.06%
2008 2% 11%
2009 -0.04% 6.77%
2010 -0.93% 2.7%
2011 -2.26% 1.41%
2012 -1.4% 6.2%
2013 -3.55% -3.07%
2014 -4.09% 5.98%
2015 -4.25% -1.12%
2016 -5.88% -4.71%
2017 -4.72% -1.7%
2018 -2.41% -0.21%
2019 -3.24% 2.13%
2020 -3.19% -2.19%
2021 -3.01% -1.93%
2022 -1.11% -0.89%
2023 -0.63% 1.79%
2024 -0.6% -3.87%
2025 -0.84% -5.85%

Inflation comparison by year

Over the past 29 years, Cameroon has recorded an average annual inflation rate of 2.79%, compared with 1.99% in Gabon. In 2024, inflation was 4.53% in Cameroon and 1.17% in Gabon.

Inflation
Cameroon

Gabon
Year Inflation
Cameroon Gabon Cameroon Gabon
1996 3.92% 0.69%
1997 4.79% 3.97%
1998 3.17% 1.45%
1999 1.87% -1.94%
2000 1.23% 0.5%
2001 4.42% 2.14%
2002 2.83% 0.04%
2003 0.62% 2.24%
2004 0.23% 0.41%
2005 2.01% 3.71%
2006 5.12% -1.41%
2007 0.92% 5.03%
2008 5.34% 5.26%
2009 3.04% 1.89%
2010 1.28% 1.46%
2011 2.94% 1.26%
2012 2.74% 2.65%
2013 2.05% 0.51%
2014 1.85% 4.69%
2015 2.68% -0.34%
2016 0.87% 2.11%
2017 0.64% 2.65%
2018 1.07% 4.75%
2019 2.45% 2.46%
2020 2.44% 1.35%
2021 2.27% 1.09%
2022 6.25% 4.23%
2023 7.38% 3.63%
2024 4.53% 1.17%

Top exports between countries

Cameroon
Export category Export value
Chemicals & pharma $10.8M
Processed food, beverages & tobacco $10.7M
Metals $9.17M
Textiles & consumer goods $7.81M
Machinery & equipment $5.31M
Animal & marine products $3.9M
Raw agricultural goods $1.83M
Raw materials & minerals $1.21M
Wood & paper products $310K
Weapons & explosives $14K
Gabon
Export category Export value
Processed food, beverages & tobacco $56.2M
Machinery & equipment $49.5M
Metals $5.11M
Raw materials & minerals $2.18M
Animal & marine products $524K
Chemicals & pharma $404K
Textiles & consumer goods $92K
Miscellaneous $72K
Raw agricultural goods $65K
Weapons & explosives $13K

Balance of trade

Cameroon Gabon
Current account balance
-$2.02B
2023
$141M
2015
Current account balance ranking
143/189
2023
63/189
2015
Current account balance, % of GDP
-4.1%
2023
+0.98%
2015
Goods imports
$7.74B
2023
$3.17B
2015
Goods exports
$6.34B
2023
$5.11B
2015
Service imports
$2.55B
2023
$1.88B
2015
Service exports
$2.01B
2023
$277M
2015
Imports of goods and services, % of GDP
21.1%
2024
29.2%
2024
Exports of goods and services, % of GDP
14.7%
2024
65.3%
2024

Economic freedom indices

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

Cameroon Gabon
Economic freedom 52.1 56.3
Economic freedom ranking 149/197 120/197
Property rights 31.3 25.4
Government integrity 20.7 21.7
Judicial effectiveness 10.3 19.8
Tax burden 72.9 77.7
Government spending 91.2 88.4
Fiscal health 92.3 85.7
Business freedom 48.8 64.9
Labor freedom 46.5 55.7
Monetary freedom 73.7 78.1
Trade freedom 57.2 58
Investment freedom 30 60
Financial freedom 50 40

Economic freedom by year comparison

The Economic Freedom Index for Cameroon is 52.1, ranking 149/197, compared to 56.3 for Gabon, ranking 120/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Cameroon
Gabon
Year Economic freedom index
Cameroon Gabon
1995 51.3 57.5
1996 45.7 55.7
1997 44.6 58.8
1998 48 59.2
1999 50.3 60.5
2000 49.9 58.2
2001 53.3 55
2002 52.8 58
2003 52.7 58.7
2004 52.3 57.1
2005 53 54.8
2006 54.6 56.1
2007 55.6 54.8
2008 54.3 54.2
2009 53 55
2010 52.3 55.4
2011 51.8 56.7
2012 51.8 56.4
2013 52.3 57.8
2014 52.6 57.8
2015 51.9 58.3
2016 54.2 59
2017 51.8 58.6
2018 51.9 58
2019 52.4 56.3
2020 53.6 56.7
2021 53.4 58.1
2022 52.9 55.8
2023 51.9 56.1
2024 53.6 56.9
2025 52.1 56.3

More economic indicators

Cameroon Gabon
Services, % of GDP
49.9%
2024
37.5%
2024
Industry, % of GDP
25.6%
2024
50.9%
2024
Agriculture, forestry, and fishing, % of GDP
17.4%
2024
6.15%
2024
GNI, Atlas method
$49B
2024
$19.2B
2024
GNI per capita, PPP
$5,490
2024
$19,540
2024
Total reserves including gold
$4.88B
2023
$1.45B
2023
Total reserves ranking
103/177
2023
136/177
2023
Net foreign direct investment
-$901M
2023
-$25.3M
2015
Net inflows of foreign direct investment
$925M
2024
$1.14B
2024
Net outflows of foreign direct investment
$5.56M
2024
-$33.8M
2019
Servicing debt to the IMF, % of GNI
3.53%
2023
6.33%
2023
Poverty at national poverty lines
37.7%
2021
33.4%
2017
Gross capital formation, % of GDP
21.4%
2024
18.1%
2024

GDP per capita map

GDP per capita

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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.