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Economy of Gabon vs Guinea-Bissau compared: GDP & Debt

Updated on by Georank team

Gabon has a GDP of $20.9B compared to $2.22B for Guinea-Bissau, ranking 127/197 and 176/197 by economy size, respectively.

Gabon has $15.2B in government debt (72.7% of GDP), compared to $1.82B (82.2% of GDP) in Guinea-Bissau.

Gabon vs Guinea-Bissau GDP by year

Gabon
Guinea-Bissau
1x
Year GDP, current $
Gabon Guinea-Bissau
2024 $20,895,684,426 $2,218,393,805
2023 $19,388,372,071 $2,127,688,181
2022 $20,440,655,695 $1,859,601,384
2021 $19,444,935,097 $1,908,094,558
2020 $15,342,236,164 $1,705,057,581
2019 $16,874,405,465 $1,596,227,316
2018 $16,867,326,402 $1,554,133,594
2017 $14,929,487,485 $1,469,978,606
2016 $14,023,890,265 $1,245,074,264
2015 $14,383,107,763 $1,152,384,167
2014 $18,203,966,896 $1,135,250,721
2013 $17,595,744,798 $1,109,682,824
2012 $17,170,464,016 $1,049,412,177
2011 $18,210,307,744 $1,157,074,319
2010 $14,372,593,020 $940,112,539
2009 $12,113,699,068 $890,167,833
2008 $15,571,348,344 $952,667,544
2007 $12,455,409,587 $753,162,998
2006 $10,327,598,306 $634,781,901
2005 $9,582,783,991 $639,776,041
2004 $7,770,219,008 $582,169,841
2003 $6,511,903,365 $553,614,800
2002 $5,335,451,100 $466,773,711
2001 $5,023,265,413 $412,610,872
2000 $5,080,483,629 $391,345,597
1999 $4,662,992,036 $579,365,780
1998 $4,483,417,310 $591,034,143
1997 $5,326,817,115 $698,107,222
1996 $5,694,040,003 $702,965,148
1995 $4,958,845,648 $660,195,402
1994 $4,190,819,344 $612,502,085
1993 $4,378,645,081 $615,779,519
1992 $5,592,390,827 $588,309,271
1991 $5,402,919,785 $668,470,891
1990 $5,952,293,765 $634,187,269
1989 $4,186,411,464 $554,072,303
1988 $3,834,503,376 $427,514,322
1987 $3,281,797,043 $451,893,375
1986 $3,403,638,189 $338,524,233
1985 $3,339,914,757 $373,959,151
1984 $3,561,451,561 $359,980,491
1983 $3,391,275,732 $425,225,177
1982 $3,618,007,841 $430,284,022
1981 $3,862,269,121 $402,230,865
1980 $4,279,637,942 $287,648,258
1979 $3,030,251,120 $308,143,183
1978 $2,389,479,272 $318,876,550
1977 $2,809,349,069 $298,871,675
1976 $3,009,409,974 $292,152,321
1975 $2,157,592,940 $283,311,997
1974 $1,544,216,002 $256,769,730
1973 $722,780,701 $232,331,281
1972 $430,508,359 $227,986,203
1971 $381,687,073 $204,167,297
1970 $323,802,476 $204,670,551
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/gabon/guinea-bissau | CC BY

GDP per capita in Gabon vs Guinea-Bissau by year

Gabon
GDP per capita

GDP per capita, PPP
Guinea-Bissau
GDP per capita

GDP per capita, PPP
1x
Year Current $
Gabon Guinea-Bissau
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $8,230 $21,510 $1,008 $3,119
2023 $7,803 $20,756 $988 $2,990
2022 $8,409 $19,993 $883 $2,789
2021 $8,181 $18,524 $927 $2,523
2020 $6,606 $14,477 $847 $2,340
2019 $7,441 $15,950 $811 $2,247
2018 $7,624 $15,432 $809 $2,058
2017 $6,922 $14,797 $783 $2,082
2016 $6,677 $13,998 $680 $1,824
2015 $7,047 $14,306 $645 $1,730
2014 $9,201 $14,854 $652 $1,456
2013 $9,198 $14,498 $654 $1,416
2012 $9,297 $14,620 $635 $1,402
2011 $10,219 $14,784 $720 $1,472
2010 $8,357 $14,015 $600 $1,370
2009 $7,291 $13,384 $583 $1,315
2008 $9,689 $13,734 $640 $1,309
2007 $8,004 $14,391 $519 $1,260
2006 $6,847 $13,637 $449 $1,226
2005 $6,548 $14,028 $463 $1,187
2004 $5,466 $13,638 $431 $1,105
2003 $4,711 $13,564 $420 $1,089
2002 $3,966 $13,369 $362 $1,095
2001 $3,836 $13,556 $327 $1,064
2000 $3,983 $13,326 $317 $1,014
1999 $3,751 $13,629 $479 $1,001
1998 $3,700 $15,138 $498 $861
1997 $4,509 $14,837 $599 $1,118
1996 $4,943 $14,147 $615 $1,052
1995 $4,415 $13,750 $589 $945
1994 $3,828 $13,164 $561 $909
1993 $4,106 $12,757 $582 $890
1992 $5,386 $12,312 $574 $880
1991 $5,345 $12,760 $672 $877
1990 $6,051 $11,952 $651 $824
1989 $4,374 - $578 -
1988 $4,119 - $454 -
1987 $3,624 - $488 -
1986 $3,865 - $371 -
1985 $3,898 - $417 -
1984 $4,273 - $407 -
1983 $4,182 - $489 -
1982 $4,584 - $503 -
1981 $5,026 - $477 -
1980 $5,718 - $347 -
1979 $4,155 - $376 -
1978 $3,360 - $403 -
1977 $4,048 - $403 -
1976 $4,441 - $421 -
1975 $3,258 - $435 -
1974 $2,384 - $419 -
1973 $1,140 - $392 -
1972 $693 - $389 -
1971 $627 - $348 -
1970 $543 - $350 -
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/gabon/guinea-bissau | CC BY

Gabon's GDP per capita is $8,230, ranking 93/197, compared to $1,008 in Guinea-Bissau, ranking 177/197. Adjusted for purchasing power (GDP per capita PPP), Gabon ranks 90th at $21,510, while Guinea-Bissau ranks 179th at $3,119.

Economic indicators

Gabon Guinea-Bissau
Gross domestic product
$20.9B
2024
$2.22B
2024
GDP rank
127/197
2024
176/197
2024
GDP growth
3.39%
2023-2024
4.15%
2023-2024
GDP per capita
$8,230
2024
$1,008
2024
GDP per capita rank
93/197
2024
177/197
2024
GDP per capita, PPP
$21,510
2024
$3,119
2024
GDP per capita PPP rank
90/197
2024
179/197
2024
Government debt
$15.2B
2024
$1.82B
2024
Debt-to-GDP ratio
72.7%
2024
82.2%
2024
Government debt per person
$5,985
2024
$828
2024
Government debt per person rank
75/185
2024
146/185
2024
Average annual personal income after taxes
$5,368
2026
$1,711
2026
Income share by richest 10%
27.7%
2017
26.1%
2021
Income share by poorest 10%
2.2%
2017
3.4%
2021
Government expenditure, % of GDP
24.8%
2024
20.4%
2024
Consumer prices inflation
1.17%
2023-2024
3.7%
2023-2024
Unemployment rate
20.4%
2010
2.67%
2022
Population
2663339
2311915

Spending and national debt comparison by year

Gabon
Spending

Debt
Guinea-Bissau
Spending

Debt
1x
Year % of GDP
Gabon Guinea-Bissau
Government spending Government debt Government spending Government debt
2024 24.8% 72.7% 20.4% 82.2%
2023 21.5% 70.6% 21.9% 79.4%
2022 19.7% 65.6% 21.3% 80.7%
2021 17.3% 72.9% 25% 78.8%
2020 19.8% 83% 25% 77.6%
2019 17.4% 59.8% 18.8% 65.1%
2018 17.1% 62.3% 19.5% 59.1%
2017 18.1% 62.9% 18.1% 51.8%
2016 21.8% 64.5% 20.5% 59.1%
2015 22.3% 44.7% 21.5% 56.3%
2014 23.8% 34.1% 23% 60.1%
2013 34.7% 31.1% 12.4% 49.6%
2012 23.9% 21.4% 13% 47.4%
2011 22.1% 21.4% 17.3% 45.6%
2010 23.1% 21.3% 18.5% 61.7%
2009 22.6% 26% 20.6% 148.3%
2008 18.9% 20.1% 21.8% 148.8%
2007 19.4% 39.2% 23.7% 164%
2006 21.1% 34.9% 19.8% 190.4%
2005 20.8% 41.7% 20.2% 203.7%
2004 20.9% 60.3% 23% 202%
2003 21.2% 70.2% 17% 183.4%
2002 25.7% 81.1% 14.1% 197.5%
2001 27.8% 81% 19.1% 204.4%
2000 20.3% 72.5% 23.5% 217.1%
1999 25.5% 73.1% 12.1% 109.9%
1998 45.5% 87.6% 8.72% 109.1%
1997 29.7% 57% 12.7% 94.3%
1996 22.2% 64.5% 8.93% 117.3%
1995 25.1% 73.4% 8.14% 103.3%
1994 23.9% 71.3% 18.4% 105.5%
1993 26.9% 90.1% 13.1% 112.4%
1992 26.5% 87.9% 10.1% 85.3%
1991 25.1% 89.3% 9.19% 88.9%
1990 22.6% 90% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1991–1996, retrieved 2026-02-20).

GeoRank.org/economy/gabon/guinea-bissau | CC BY

In 2024, Gabon's government spending was $5.18B, accounting for 24.8% of its GDP, while Guinea-Bissau spent $452M, or 20.4% of GDP.

Debt-to-GDP ratio is 72.7% in Gabon and 82.2% in Guinea-Bissau, ranking 51/185 and 41/185, respectively.

Government deficit by year

Deficit/surplus
Gabon

Guinea-Bissau
1x
Year Deficit/surplus, % of GDP
Gabon Guinea-Bissau
2024 -3.84% -7.26%
2023 1.79% -8.15%
2022 -0.89% -6.06%
2021 -1.93% -5.88%
2020 -2.19% -9.64%
2019 2.13% -3.86%
2018 -0.21% -4.76%
2017 -1.7% -1.32%
2016 -4.71% -5.34%
2015 -1.12% -3.16%
2014 5.98% -2.44%
2013 -3.07% -1.67%
2012 6.2% -2.12%
2011 1.41% -1.35%
2010 2.7% -0.23%
2009 6.77% 2.68%
2008 11% -0.73%
2007 8.06% -8.77%
2006 8.67% -4.57%
2005 7.98% -4.96%
2004 6.99% -5.92%
2003 7.75% -5.63%
2002 3.72% -3.7%
2001 4.07% -1.83%
2000 11.1% -2.8%
1999 1.11% -4.06%
1998 -13.1% -5.95%
1997 1.41% -2.56%
1996 2.12% 3.48%
1995 2.64% 2.45%
1994 -1.53% -5.54%
1993 -5.35% -0.34%
1992 -4.9% -0.25%
1991 -2.03% 1.61%
1990 -3.83% -

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

GeoRank.org/economy/gabon/guinea-bissau | CC BY

In 2024, Gabon's government deficit, the difference between spending and revenue, was $802M, equivalent to 3.84% of GDP. This compares to Guinea-Bissau's deficit of $161M, or 7.26% of GDP.

Over the past 34 years, Gabon recorded a fiscal deficit in 14 of those years, while Guinea-Bissau ran a deficit in 30 years. On average, Gabon posted an annual surplus equal to 1.68% of GDP, compared to deficit of 3.25% of GDP for Guinea-Bissau.

Inflation comparison by year

Inflation
Gabon

Guinea-Bissau
1x
Year Consumer prices inflation
Gabon Guinea-Bissau
2024 1.17% 3.7%
2023 3.63% 7.2%
2022 4.23% 7.9%
2021 1.09% 3.3%
2020 1.35% 1.5%
2019 2.46% 0.3%
2018 4.75% 0.4%
2017 2.65% -0.2%
2016 2.11% 2.7%
2015 -0.34% 1.5%
2014 4.69% -1%
2013 0.51% 0.8%
2012 2.65% 2.1%
2011 1.26% 5.1%
2010 1.46% 1.1%
2009 1.89% -1.6%
2008 5.26% 10.4%
2007 5.03% 4.6%
2006 -1.41% 2%
2005 3.71% 3.4%
2004 0.41% 0.8%
2003 2.24% -3.5%
2002 0.04% 3.3%
2001 2.14% 3.3%
2000 0.5% 8.6%
1999 -1.94% -2.1%
1998 1.45% 8.1%
1997 3.97% 49.1%

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/gabon/guinea-bissau | CC BY

Over the past 28 years, Gabon has recorded an average annual inflation rate of 2.03%, compared with 4.39% in Guinea-Bissau. In 2024, inflation was 1.17% in Gabon and 3.7% in Guinea-Bissau.

Balance of trade

Gabon Guinea-Bissau
Current account balance
$141M
2015
-$160M
2023
Current account balance ranking
66/190
2015
95/190
2023
Current account balance, % of GDP
+0.98%
2015
-7.53%
2023
Goods imports
$3.17B
2015
$403M
2023
Goods exports
$5.11B
2015
$240M
2023
Service imports
$1.88B
2015
$189M
2023
Service exports
$277M
2015
$44.8M
2023
Imports of goods and services, % of GDP
27.5%
2024
27%
2024
Exports of goods and services, % of GDP
64.6%
2024
11.8%
2024

Economic freedom indices

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

Gabon Guinea-Bissau
Economic freedom 56.6 43.2
Economic freedom ranking 120/197 181/197
Property rights 30 28.4
Government integrity 22.6 21
Judicial effectiveness 19.9 13.2
Tax burden 76.5 89
Government spending 85.5 86.5
Fiscal health 87.9 6.5
Business freedom 63.6 34.6
Labor freedom 55.4 55.9
Monetary freedom 80.9 75.9
Trade freedom 57.4 47
Investment freedom 60 30
Financial freedom 40 30

Economic freedom comparison by year

Gabon
Guinea-Bissau
1x
Year Economic freedom index
Gabon Guinea-Bissau
2026 56.6 43.2
2025 56.3 43.6
2024 56.9 42.7
2023 56.1 44.6
2022 55.8 46
2021 58.1 54.9
2020 56.7 53.3
2019 56.3 54
2018 58 56.9
2017 58.6 56.1
2016 59 51.8
2015 58.3 52
2014 57.8 51.3
2013 57.8 51.1
2012 56.4 50.1
2011 56.7 46.5
2010 55.4 43.6
2009 55 45.4
2008 54.2 44.4
2007 54.8 46.1
2006 56.1 46.5
2005 54.8 46
2004 57.1 42.6
2003 58.7 43.1
2002 58 42.3
2001 55 42.5
2000 58.2 34.7
1999 60.5 33.5
1998 59.2 -
1997 58.8 -
1996 55.7 -
1995 57.5 -

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

GeoRank.org/economy/gabon/guinea-bissau | CC BY

The Economic Freedom Index for Gabon is 56.6, ranking 120/197, compared to 43.2 for Guinea-Bissau, ranking 181/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Gabon Guinea-Bissau
Services, % of GDP
36.8%
2024
37.9%
2024
Industry, % of GDP
52.9%
2024
15.6%
2024
Agriculture, forestry, and fishing, % of GDP
6.56%
2024
42.2%
2024
GNI, Atlas method
$19.8B
2024
$2.18B
2024
GNI per capita, PPP
$20,400
2024
$3,140
2024
Total reserves including gold
$1.45B
2023
n/a
Total reserves ranking
136/177
2023
n/a
Net foreign direct investment
-$25.3M
2015
-$24.8M
2023
Net inflows of foreign direct investment
$1.14B
2024
$26.7M
2024
Net outflows of foreign direct investment
-$33.8M
2019
$389K
2024
Servicing debt to the IMF, % of GNI
5.67%
2024
1.75%
2024
Poverty at national poverty lines
33.4%
2017
50.5%
2021
Gross capital formation, % of GDP
19.1%
2024
24.9%
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/gabon/guinea-bissau | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1991–1996, retrieved 2026-02-20)
  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.