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Economy of Gabon vs Luxembourg compared: GDP & Debt

Updated on by Georank

Gabon has a GDP of $21.4B compared to $101B for Luxembourg, ranking 132/197 and 75/197 by economy size, respectively.

Gabon has $16.9B in government debt (78.9% of GDP), compared to $27.3B (27% of GDP) in Luxembourg.

Gabon vs Luxembourg GDP by year

Gabon
Luxembourg
1x
Year GDP, current $
Gabon Luxembourg
2025 $21,427,119,323 $101,157,829,491
2024 $20,895,684,426 $93,279,851,863
2023 $19,388,372,071 $88,788,881,539
2022 $20,440,655,695 $80,801,680,397
2021 $19,444,935,097 $86,386,759,695
2020 $15,342,236,164 $73,670,782,100
2019 $16,874,405,465 $69,872,035,114
2018 $16,867,326,402 $71,085,623,495
2017 $14,929,487,485 $65,712,180,343
2016 $14,023,890,265 $62,216,885,436
2015 $14,383,107,763 $60,071,584,216
2014 $18,203,966,896 $68,804,814,555
2013 $17,595,744,798 $65,203,276,467
2012 $17,170,464,016 $59,776,383,527
2011 $18,210,307,744 $61,696,281,326
2010 $14,372,593,020 $56,213,985,987
2009 $12,113,699,068 $54,467,289,898
2008 $15,571,348,344 $58,844,277,702
2007 $12,455,409,587 $51,587,401,416
2006 $10,327,598,306 $42,910,153,830
2005 $9,582,783,991 $37,672,311,223
2004 $7,770,219,008 $35,064,843,793
2003 $6,511,903,365 $29,667,268,248
2002 $5,335,451,100 $23,649,832,387
2001 $5,023,265,413 $21,387,550,720
2000 $5,080,483,629 $21,230,200,538
1999 $4,662,992,036 $21,899,317,599
1998 $4,483,417,310 $20,150,055,568
1997 $5,326,817,115 $19,563,836,265
1996 $5,694,040,003 $20,895,314,658
1995 $4,958,845,648 $20,853,093,870
1994 $4,190,819,344 $17,701,798,891
1993 $4,378,645,081 $15,925,521,222
1992 $5,592,390,827 $15,518,702,635
1991 $5,402,919,785 $13,834,219,728
1990 $5,952,293,765 $12,778,792,854
1989 $4,186,411,464 $10,037,674,038
1988 $3,834,503,376 $9,418,167,855
1987 $3,281,797,043 $8,320,902,215
1986 $3,403,638,189 $6,685,595,088
1985 $3,339,914,757 $4,577,211,767
1984 $3,561,451,561 $4,438,435,493
1983 $3,391,275,732 $4,524,217,751
1982 $3,618,007,841 $4,602,316,793
1981 $3,862,269,121 $5,053,665,797
1980 $4,279,637,942 $6,019,805,490
1979 $3,030,251,120 $5,516,982,664
1978 $2,389,479,272 $4,718,539,772
1977 $2,809,349,069 $3,789,321,328
1976 $3,009,409,974 $3,423,586,207
1975 $2,157,592,940 $3,123,333,333
1974 $1,544,216,002 $3,183,637,117
1973 $722,780,701 $2,609,875,802
1972 $430,508,359 $1,901,697,370
1971 $381,687,073 $1,518,773,421
1970 $323,802,476 $1,457,768,455
1969 $318,124,701 $1,245,432,991
1968 $294,468,564 $1,075,561,623
1967 $271,543,680 $983,052,315
1966 $245,849,781 $976,717,015
1965 $226,474,286 $929,477,285
1964 $215,679,855 $910,877,686
1963 $154,480,244 $797,902,154
1962 $182,796,536 $747,846,862
1961 $167,637,907 $710,163,719
1960 $141,468,978 $709,941,874

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Gabon vs Luxembourg by year

Gabon
GDP per capita

GDP per capita, PPP
Luxembourg
GDP per capita

GDP per capita, PPP
1x
Year Current $
Gabon Luxembourg
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $8,263 - $147,252 -
2024 $8,230 $21,510 $137,782 $155,941
2023 $7,803 $20,756 $133,231 $150,508
2022 $8,409 $19,993 $123,720 $146,919
2021 $8,181 $18,524 $134,966 $136,772
2020 $6,606 $14,477 $116,860 $122,067
2019 $7,441 $15,950 $112,697 $121,372
2018 $7,624 $15,432 $116,927 $116,638
2017 $6,922 $14,797 $110,193 $114,986
2016 $6,677 $13,998 $106,899 $113,365
2015 $7,047 $14,306 $105,462 $107,860
2014 $9,201 $14,854 $123,679 $105,296
2013 $9,198 $14,498 $120,000 $100,925
2012 $9,297 $14,620 $112,585 $96,636
2011 $10,219 $14,784 $119,025 $94,475
2010 $8,357 $14,015 $110,886 $90,336
2009 $7,291 $13,384 $109,420 $86,919
2008 $9,689 $13,734 $120,422 $90,971
2007 $8,004 $14,391 $107,475 $85,126
2006 $6,847 $13,637 $90,789 $78,861
2005 $6,548 $14,028 $80,988 $68,788
2004 $5,466 $13,638 $76,545 $64,686
2003 $4,711 $13,564 $65,689 $60,192
2002 $3,966 $13,369 $53,006 $58,576
2001 $3,836 $13,556 $48,440 $56,136
2000 $3,983 $13,326 $48,660 $55,136
1999 $3,751 $13,629 $50,872 $49,845
1998 $3,700 $15,138 $47,445 $44,270
1997 $4,509 $14,837 $46,642 $42,488
1996 $4,943 $14,147 $50,444 $39,722
1995 $4,415 $13,750 $51,032 $38,345
1994 $3,828 $13,164 $43,933 $37,551
1993 $4,106 $12,757 $40,067 $35,899
1992 $5,386 $12,312 $39,571 $34,108
1991 $5,345 $12,760 $35,747 $33,191
1990 $6,051 $11,952 $33,465 $29,949
1989 $4,374 - $26,618 -
1988 $4,119 - $25,219 -
1987 $3,624 - $22,443 -
1986 $3,865 - $18,150 -
1985 $3,898 - $12,482 -
1984 $4,273 - $12,127 -
1983 $4,182 - $12,374 -
1982 $4,584 - $12,591 -
1981 $5,026 - $13,837 -
1980 $5,718 - $16,531 -
1979 $4,155 - $15,204 -
1978 $3,360 - $13,034 -
1977 $4,048 - $10,486 -
1976 $4,441 - $9,491 -
1975 $3,258 - $8,701 -
1974 $2,384 - $8,967 -
1973 $1,140 - $7,447 -
1972 $693 - $5,487 -
1971 $627 - $4,435 -
1970 $543 - $4,298 -
1969 $545 - $3,690 -
1968 $515 - $3,203 -
1967 $482 - $2,935 -
1966 $443 - $2,925 -
1965 $415 - $2,804 -
1964 $400 - $2,779 -
1963 $290.7 - $2,462 -
1962 $348 - $2,332 -
1961 $323 - $2,241 -
1960 $276.1 - $2,261 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Gabon's GDP per capita is $8,263, ranking 96/197, compared to $147,252 in Luxembourg, ranking 3/197. Adjusted for purchasing power (GDP per capita PPP), Gabon ranks 90th at $21,510, while Luxembourg ranks 1st at $155,941.

Economic indicators

Gabon Luxembourg
Gross domestic product
$21.4B
2025
$101B
2025
GDP rank
132/197
2025
75/197
2025
GDP growth
2.47%
2024-2025
0.64%
2024-2025
GDP per capita
$8,263
2025
$147,252
2025
GDP per capita rank
96/197
2025
3/197
2025
GDP per capita, PPP
$21,510
2024
$155,941
2024
GDP per capita PPP rank
90/197
2024
1/197
2024
Government debt
$16.9B
2025
$27.3B
2025
Debt-to-GDP ratio
78.9%
2025
27%
2025
Government debt per person
$6,521
2025
$39,717
2025
Government debt per person rank
74/185
2025
18/185
2025
Average annual personal income after taxes
$5,617
2026
$71,808
2026
Market capitalization of domestic companies n/a
$69.4B
2025
Number of millionaires n/a
85,000
2026
Number of billionaires n/a
1
2026
Income share by richest 10%
27.7%
2017
25%
2023
Income share by poorest 10%
2.2%
2017
2.8%
2023
Government expenditure, % of GDP
28.6%
2025
48.3%
2025
Consumer prices inflation
1.77%
2024-2025
2.26%
2024-2025
Unemployment rate
17.4%
2024
6.5%
2025
Population
2676097
697802

Spending and national debt comparison by year

Gabon
Spending

Debt
Luxembourg
Spending

Debt
1x
Year % of GDP
Gabon Luxembourg
Government spending Government debt Government spending Government debt
2025 28.6% 78.9% 48.3% 27%
2024 24.8% 70.9% 46.8% 26.3%
2023 21.5% 70.6% 46.4% 24.7%
2022 19.7% 65.6% 44.3% 24.9%
2021 17.3% 72.9% 42.4% 24.2%
2020 19.8% 83% 47% 24.5%
2019 17.4% 59.8% 43.1% 22.3%
2018 17.1% 62.3% 42.3% 20.9%
2017 18.1% 62.9% 41.3% 21.8%
2016 21.8% 64.5% 40% 19.6%
2015 22.3% 44.7% 40.4% 21.1%
2014 23.8% 34.1% 40.6% 21.9%
2013 34.7% 31.1% 41.2% 22.4%
2012 23.9% 21.4% 41.8% 20.8%
2011 22.1% 21.4% 41.5% 18.5%
2010 23.1% 21.3% 42% 19.1%
2009 22.6% 26% 42.7% 15.3%
2008 18.9% 20.1% 37.9% 14.6%
2007 19.4% 39.2% 37.4% 8.09%
2006 21.1% 34.9% 39.4% 8.21%
2005 20.8% 41.7% 43.4% 7.95%
2004 20.9% 60.3% 43.7% 7.83%
2003 21.2% 70.2% 43.3% 7.43%
2002 25.7% 81.1% 41.8% 7.45%
2001 27.8% 81% 38.1% 7.62%
2000 20.3% 72.5% 38% 7.49%
1999 25.5% 73.1% 41.7% 8.39%
1998 45.5% 87.6% 43.9% 9.51%
1997 29.7% 57% 44.2% 10.1%
1996 22.2% 64.5% 42.5% 10.2%
1995 25.1% 73.4% 42% 10.3%
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 (1990–2025, retrieved 2026-07-08).

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

In 2025, Gabon's government spending was $6.14B, accounting for 28.6% of its GDP, while Luxembourg spent $48.8B, or 48.3% of GDP.

Debt-to-GDP ratio is 78.9% in Gabon and 27% in Luxembourg, ranking 44/185 and 165/185, respectively.

Government deficit by year

Deficit/surplus
Gabon

Luxembourg
1x
Year Deficit/surplus, % of GDP
Gabon Luxembourg
2025 -8.47% -0.96%
2024 -3.3% 0.89%
2023 1.79% -0.65%
2022 -0.89% 0.21%
2021 -1.93% 1.11%
2020 -2.19% -3.09%
2019 2.13% 2.68%
2018 -0.21% 3.17%
2017 -1.7% 1.37%
2016 -4.71% 1.89%
2015 -1.12% 1.3%
2014 5.98% 1.33%
2013 -3.07% 0.84%
2012 6.2% 0.5%
2011 1.41% 0.65%
2010 2.7% -0.26%
2009 6.77% -0.21%
2008 11% 3.37%
2007 8.06% 4.35%
2006 8.67% 1.9%
2005 7.98% -0.21%
2004 6.99% -1.39%
2003 7.75% 0.28%
2002 3.72% 2.03%
2001 4.07% 5.62%
2000 11.1% 5.55%
1999 1.11% 3.24%
1998 -13.1% 2.98%
1997 1.41% 2.65%
1996 2.12% 2.37%
1995 2.64% 2.71%
1994 -1.53% -
1993 -5.35% -
1992 -4.9% -
1991 -2.03% -
1990 -3.83% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Gabon's government deficit, the difference between spending and revenue, was $1.82B, equivalent to 8.47% of GDP. This compares to Luxembourg's deficit of $976M, or 0.96% of GDP.

Over the past 31 years, Gabon recorded a fiscal deficit in 11 of those years, while Luxembourg ran a deficit in 7 years. On average, Gabon posted an annual surplus equal to 2.03% of GDP, compared to surplus of 1.49% of GDP for Luxembourg.

Inflation comparison by year

Inflation
Gabon

Luxembourg
1x
Year Consumer prices inflation
Gabon Luxembourg
2025 1.77% 2.26%
2024 1.17% 2.05%
2023 3.63% 3.74%
2022 4.23% 6.34%
2021 1.09% 2.53%
2020 1.35% 0.82%
2019 2.46% 1.74%
2018 4.75% 1.53%
2017 2.65% 1.73%
2016 2.11% 0.29%
2015 -0.34% 0.47%
2014 4.69% 0.63%
2013 0.51% 1.73%
2012 2.65% 2.66%
2011 1.26% 3.41%
2010 1.46% 2.27%
2009 1.89% 0.37%
2008 5.26% 3.4%
2007 5.03% 2.31%
2006 -1.41% 2.67%
2005 3.71% 2.49%
2004 0.41% 2.23%
2003 2.24% 2.05%
2002 0.04% 2.07%
2001 2.14% 2.66%
2000 0.5% 3.15%
1999 -1.94% 1.03%
1998 1.45% 0.96%
1997 3.97% 1.37%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Gabon has recorded an average annual inflation rate of 2.03%, compared with 2.1% in Luxembourg. In 2025, inflation was 1.77% in Gabon and 2.26% in Luxembourg.

Top exports between countries

Gabon
Export category Export value
Chemicals & pharma $2K
Machinery & equipment $1K
Luxembourg
Export category Export value
Metals $1.33M
Chemicals & pharma $380K
Machinery & equipment $66K
Raw materials & minerals $48K
Textiles & consumer goods $23K
Processed food, beverages & tobacco $5K
Wood & paper products $2K
Miscellaneous $1K
Precious metals & jewellery $1K

Balance of trade

Gabon Luxembourg
Current account balance
$141M
2015
$5.29B
2025
Current account balance ranking
61/190
2015
31/190
2025
Current account balance, % of GDP
+0.98%
2015
+5.23%
2025
Goods imports
$3.17B
2015
$30.9B
2025
Goods exports
$5.11B
2015
$33B
2025
Service imports
$1.88B
2015
$133B
2025
Service exports
$277M
2015
$167B
2025
Imports of goods and services, % of GDP
29.4%
2025
159.4%
2025
Exports of goods and services, % of GDP
55.5%
2025
190.5%
2025

Economic freedom indices

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

Gabon Luxembourg
Economic freedom 56.6 79.7
Economic freedom ranking 120/197 7/197
Property rights 30 96.6
Government integrity 22.6 88.7
Judicial effectiveness 19.9 99.1
Tax burden 76.5 62.3
Government spending 85.5 36.9
Fiscal health 87.9 98.6
Business freedom 63.6 89.5
Labor freedom 55.4 56.7
Monetary freedom 80.9 74.1
Trade freedom 57.4 79.4
Investment freedom 60 95
Financial freedom 40 80

Economic freedom comparison by year

Gabon
Luxembourg
1x
Year Economic freedom index
Gabon Luxembourg
2026 56.6 79.7
2025 56.3 79.5
2024 56.9 79.2
2023 56.1 78.4
2022 55.8 80.6
2021 58.1 76
2020 56.7 75.8
2019 56.3 75.9
2018 58 76.4
2017 58.6 75.9
2016 59 73.9
2015 58.3 73.2
2014 57.8 74.2
2013 57.8 74.2
2012 56.4 74.5
2011 56.7 76.2
2010 55.4 75.4
2009 55 75.2
2008 54.2 74.7
2007 54.8 74.6
2006 56.1 75.3
2005 54.8 76.3
2004 57.1 78.9
2003 58.7 79.9
2002 58 79.4
2001 55 80.1
2000 58.2 76.4
1999 60.5 72.4
1998 59.2 72.7
1997 58.8 72.8
1996 55.7 72.5
1995 57.5 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Gabon is 56.6, ranking 120/197, compared to 79.7 for Luxembourg, ranking 7/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Gabon Luxembourg
Services, % of GDP
42.3%
2025
81.4%
2025
Industry, % of GDP
47.2%
2025
8.88%
2025
Agriculture, forestry, and fishing, % of GDP
6.75%
2025
0.23%
2025
GNI, Atlas method
$21B
2025
$65.8B
2025
GNI per capita, PPP
$21,660
2025
$106,640
2025
Total reserves including gold
$639M
2024
$3.06B
2025
Total reserves ranking
150/177
2024
120/177
2025
Net foreign direct investment
-$25.3M
2015
$196B
2025
Net inflows of foreign direct investment
$1.14B
2024
$106B
2024
Net outflows of foreign direct investment
-$33.8M
2019
$109B
2024
Servicing debt to the IMF, % of GNI
5.62%
2024
n/a
Poverty at national poverty lines
33.4%
2017
17.3%
2021
Gross capital formation, % of GDP
24.8%
2025
15.5%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2021–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

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.