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Economy of Gabon vs Malaysia compared: GDP & Debt

Updated on by Georank team

Gabon has a GDP of $20.9B compared to $422B for Malaysia, ranking 126/197 and 39/197 by economy size, respectively.

Gabon has $15.3B in government debt (79.2% of GDP), compared to $297B (70.1% of GDP) in Malaysia.

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

Gabon
GDP, current $

GDP, constant 2015 $
Malaysia
GDP, current $

GDP, constant 2015 $
Year GDP
Gabon Malaysia
Current $ Constant $ Current $ Constant $
1960 $141,468,978 $1,696,430,402 $1,916,229,477 $10,075,053,650
1961 $167,637,907 $1,946,939,619 $1,901,856,123 $10,840,555,622
1962 $182,796,536 $2,091,971,271 $2,001,489,602 $11,536,630,908
1963 $154,480,244 $2,219,423,267 $2,510,110,348 $12,383,281,584
1964 $215,679,855 $2,320,505,871 $2,674,423,922 $13,046,897,051
1965 $226,474,286 $2,513,881,414 $2,956,337,669 $14,049,533,277
1966 $245,849,781 $2,627,207,303 $3,143,517,944 $15,147,744,694
1967 $271,543,680 $2,735,320,899 $3,188,924,677 $15,732,015,397
1968 $294,468,564 $2,803,944,654 $3,330,371,551 $16,987,114,742
1969 $318,124,701 $3,030,584,989 $3,664,552,041 $17,817,535,563
1970 $323,802,476 $3,293,619,830 $3,864,145,667 $18,884,189,212
1971 $381,687,073 $3,631,503,426 $4,244,395,956 $20,779,153,503
1972 $430,508,359 $4,043,205,905 $5,043,347,250 $22,729,992,899
1973 $722,780,701 $4,454,902,662 $7,662,902,678 $25,389,647,919
1974 $1,544,216,002 $6,214,014,316 $9,496,204,302 $27,501,726,906
1975 $2,157,592,940 $7,406,490,804 $9,298,800,799 $27,722,034,465
1976 $3,009,409,974 $10,045,078,185 $11,050,234,599 $30,927,669,086
1977 $2,809,349,069 $8,781,197,290 $13,139,488,633 $33,325,509,326
1978 $2,389,479,272 $6,669,389,058 $16,358,079,862 $35,542,952,797
1979 $3,030,251,120 $6,701,028,992 $21,213,264,962 $38,865,898,972
1980 $4,279,637,942 $6,872,102,051 $24,488,224,677 $41,758,231,850
1981 $3,862,269,121 $7,222,258,279 $25,004,285,792 $44,657,131,817
1982 $3,618,007,841 $6,998,547,355 $26,804,493,635 $47,311,173,245
1983 $3,391,275,732 $7,391,042,735 $30,347,442,111 $50,269,176,995
1984 $3,561,451,561 $7,946,028,914 $33,942,897,422 $54,170,965,010
1985 $3,339,914,757 $7,760,652,085 $31,199,633,353 $53,615,577,054
1986 $3,403,638,189 $7,698,287,661 $27,734,111,400 $54,280,729,183
1987 $3,281,797,043 $6,378,336,009 $32,181,210,158 $57,098,947,793
1988 $3,834,503,376 $7,197,655,800 $35,272,109,220 $62,773,281,162
1989 $4,186,411,464 $7,812,717,801 $38,847,965,293 $68,460,289,887
1990 $5,952,293,765 $8,218,372,647 $44,024,585,240 $74,627,553,680
1991 $5,402,919,785 $8,720,720,961 $49,143,148,094 $81,751,102,498
1992 $5,592,390,827 $8,451,237,981 $59,167,550,163 $89,014,784,404
1993 $4,378,645,081 $8,784,770,737 $66,894,966,969 $97,822,746,879
1994 $4,190,819,344 $9,110,927,738 $74,478,356,958 $106,834,219,205
1995 $4,958,845,648 $9,564,091,413 $88,705,342,903 $117,335,045,631
1996 $5,694,040,003 $9,910,794,415 $100,855,393,910 $129,071,719,045
1997 $5,326,817,115 $10,479,512,211 $100,005,323,302 $138,523,307,833
1998 $4,483,417,310 $10,843,972,206 $72,167,498,981 $128,328,802,477
1999 $4,662,992,036 $9,875,321,072 $79,148,421,053 $136,205,126,471
2000 $5,080,483,629 $9,689,372,095 $93,789,736,842 $148,271,359,065
2001 $5,023,265,413 $9,896,262,806 $92,783,947,368 $149,038,923,296
2002 $5,335,451,100 $9,871,617,829 $100,845,526,316 $157,073,594,224
2003 $6,511,903,365 $10,093,465,659 $110,202,368,421 $166,165,798,104
2004 $7,770,219,008 $10,163,064,451 $124,749,473,684 $177,437,551,536
2005 $9,582,783,991 $10,435,048,721 $143,534,405,819 $186,898,768,709
2006 $10,327,598,306 $10,142,180,902 $162,692,258,307 $197,336,779,112
2007 $12,455,409,587 $10,751,534,087 $193,549,569,478 $209,766,600,384
2008 $15,571,348,344 $10,395,827,038 $230,811,614,370 $219,902,039,819
2009 $12,113,699,068 $10,409,376,036 $202,257,453,037 $216,573,759,299
2010 $14,372,593,020 $11,147,389,067 $255,017,638,456 $232,654,030,399
2011 $18,210,307,744 $11,937,934,403 $297,951,668,675 $244,970,531,974
2012 $17,170,464,016 $12,564,804,521 $314,443,047,642 $258,378,881,826
2013 $17,595,744,798 $13,273,296,029 $323,276,235,524 $270,506,469,604
2014 $18,203,966,896 $13,846,034,032 $338,066,095,097 $286,755,041,078
2015 $14,383,107,763 $14,383,107,763 $301,355,266,965 $301,355,266,965
2016 $14,023,890,265 $14,683,922,149 $301,256,033,870 $314,764,917,575
2017 $14,929,487,485 $14,753,324,537 $319,109,094,160 $333,061,328,477
2018 $16,867,326,402 $14,876,945,090 $358,788,845,713 $349,191,778,300
2019 $16,874,405,465 $15,460,241,661 $365,177,721,022 $364,602,265,936
2020 $15,342,236,164 $15,176,119,360 $337,456,163,961 $344,706,479,641
2021 $19,444,935,097 $15,398,898,314 $373,784,823,673 $356,134,704,342
2022 $20,440,655,695 $15,866,657,481 $407,605,841,348 $387,694,727,479
2023 $20,055,720,403 $16,254,737,015 $399,705,137,434 $401,479,163,711
2024 $20,867,044,936 $16,804,782,297 $421,972,102,254 $422,011,432,357

Economic indicators

Gabon Malaysia
Gross domestic product
$20.9B
2024
$422B
2024
GDP rank
126/197
2024
39/197
2024
GDP growth
4.05%
2023-2024
5.57%
2023-2024
GDP per capita
$8,219
2024
$11,867
2024
GDP per capita rank
96/197
2024
81/197
2024
GDP per capita, PPP
$21,510
2024
$38,729
2024
Government debt
$15.3B
2024
$297B
2024
Debt-to-GDP ratio
79.2%
2025
70.1%
2025
Government debt per person
$6,033
2024
$8,353
2024
Government debt per person rank
73/185
2024
63/185
2024
Average annual personal income after taxes
$5,135
2025
$9,650
2025
Market capitalization of domestic companies n/a
$449B
2024
Number of billionaires n/a
19
2025
Income share by richest 10%
27.7%
2017
30.9%
2021
Income share by poorest 10%
2.2%
2017
2.3%
2021
Government expenditure, % of GDP
26.3%
2025
23.1%
2025
Consumer prices inflation
1.17%
2023-2024
1.83%
2023-2024
Central bank interest rate n/a
2.75%
2025
Unemployment rate
20.4%
2010
3.93%
2022
Population
2636721
36304998

GDP per capita in Gabon vs Malaysia

Gabon's GDP per capita is $8,219, ranking 96/197, compared to $11,867 in Malaysia, ranking 81/197. Adjusted for purchasing power (GDP per capita PPP), Gabon ranks 89th at $21,510, while Malaysia ranks 60th at $38,729.

Gabon
GDP per capita

GDP per capita, PPP
Malaysia
GDP per capita

GDP per capita, PPP
Year Current $
Gabon Malaysia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $276.1 - $240.8 -
1961 $323 - $232.9 -
1962 $348 - $238.8 -
1963 $290.7 - $291.8 -
1964 $400 - $303 -
1965 $415 - $326 -
1966 $443 - $339 -
1967 $482 - $335 -
1968 $515 - $342 -
1969 $545 - $368 -
1970 $543 - $380 -
1971 $627 - $407 -
1972 $693 - $472 -
1973 $1,140 - $701 -
1974 $2,384 - $848 -
1975 $3,258 - $811 -
1976 $4,441 - $940 -
1977 $4,048 - $1,092 -
1978 $3,360 - $1,327 -
1979 $4,155 - $1,680 -
1980 $5,718 - $1,886 -
1981 $5,026 - $1,866 -
1982 $4,584 - $1,938 -
1983 $4,182 - $2,124 -
1984 $4,273 - $2,300 -
1985 $3,898 - $2,046 -
1986 $3,865 - $1,760 -
1987 $3,624 - $1,977 -
1988 $4,119 - $2,100 -
1989 $4,374 - $2,244 -
1990 $6,051 $11,952 $2,469 $6,887
1991 $5,345 $12,760 $2,679 $7,583
1992 $5,386 $12,312 $3,141 $8,224
1993 $4,106 $12,757 $3,462 $9,018
1994 $3,828 $13,164 $3,758 $9,806
1995 $4,415 $13,750 $4,363 $10,720
1996 $4,943 $14,147 $4,837 $11,709
1997 $4,509 $14,837 $4,679 $12,469
1998 $3,700 $15,138 $3,294 $11,398
1999 $3,751 $13,629 $3,528 $11,980
2000 $3,983 $13,326 $4,084 $13,027
2001 $3,836 $13,556 $3,944 $13,072
2002 $3,966 $13,369 $4,184 $13,656
2003 $4,711 $13,564 $4,465 $14,387
2004 $5,466 $13,638 $4,939 $15,416
2005 $6,548 $14,028 $5,556 $16,371
2006 $6,847 $13,637 $6,158 $17,426
2007 $8,004 $14,391 $7,169 $18,617
2008 $9,689 $13,734 $8,372 $19,480
2009 $7,291 $13,384 $7,191 $18,923
2010 $8,357 $14,015 $8,899 $20,193
2011 $10,219 $14,784 $10,217 $21,324
2012 $9,297 $14,620 $10,601 $22,639
2013 $9,198 $14,498 $10,714 $23,161
2014 $9,201 $14,854 $11,013 $24,307
2015 $7,047 $14,306 $9,649 $24,526
2016 $6,677 $13,998 $9,477 $25,286
2017 $6,922 $14,797 $9,863 $26,416
2018 $7,624 $15,432 $10,902 $27,794
2019 $7,441 $15,950 $10,920 $28,934
2020 $6,606 $14,477 $9,958 $27,475
2021 $8,181 $18,524 $10,903 $29,823
2022 $8,409 $19,993 $11,748 $34,366
2023 $8,071 $20,757 $11,379 $36,417
2024 $8,219 $21,510 $11,867 $38,729

Spending and national debt comparison

In 2024, Gabon's government spending was $5.2B, accounting for 26.3% of its GDP, while Malaysia's spent $101B, or 23.1% of GDP.

Debt-to-GDP ratio is 79.2% in Gabon and 70.1% in Malaysia, ranking 44/185 and 55/185, respectively.

Gabon
Government spending

Government debt
Malaysia
Government spending

Government debt
Year % of GDP
Gabon Malaysia
Government spending Government debt Government spending Government debt
1990 22.6% 90% 30.5% 74.1%
1991 25.1% 89.3% 27.4% 67.3%
1992 26.5% 87.9% 28.2% 59.1%
1993 26.9% 90.1% 24.6% 51.1%
1994 23.9% 71.3% 23.3% 43.7%
1995 25.1% 73.4% 22.6% 38.2%
1996 22.2% 64.5% 22.4% 32.8%
1997 29.7% 57% 21.2% 29.6%
1998 45.5% 87.6% 23.1% 33.6%
1999 25.5% 73.1% 24.6% 34.4%
2000 20.3% 72.5% 25.6% 32.5%
2001 27.8% 81% 28.2% 38.1%
2002 25.7% 81.1% 27.1% 39.5%
2003 21.2% 70.2% 28.1% 41.4%
2004 20.9% 60.3% 25.9% 42%
2005 20.8% 41.7% 24.5% 40.8%
2006 21.1% 34.9% 25.6% 39.7%
2007 19.4% 39.2% 25.9% 39.3%
2008 18.9% 20.1% 26.9% 39.4%
2009 22.6% 26% 30.9% 50.4%
2010 23.1% 21.3% 26.6% 51.2%
2011 22.1% 21.4% 27.1% 51.9%
2012 23.9% 21.4% 28.5% 53.8%
2013 34.7% 31.1% 27.8% 55.7%
2014 23.8% 34.1% 26% 55.4%
2015 22.3% 44.7% 24.7% 57%
2016 21.8% 64.5% 22.9% 55.8%
2017 18.1% 62.9% 22% 54.4%
2018 17.1% 62.3% 22.8% 55.6%
2019 17.4% 59.8% 23.6% 57.1%
2020 19.8% 83% 25% 67.7%
2021 17.3% 72.9% 24.5% 69.2%
2022 19.7% 65.6% 24.7% 65.5%
2023 21.5% 70.6% 24.9% 69.7%
2024 24.9% 73.4% 23.9% 70.4%
2025 26.3% 79.2% 23.1% 70.1%

Government deficit by year

In 2024, Gabon's government deficit, the difference between spending and revenue, was -$807M, equivalent to -3.87% of GDP. This compares to Malaysia's deficit of -$16.7B, or -3.95% of GDP.

Over the past 35 years, Gabon recorded a fiscal deficit in 15 of those years, while Malaysia ran a deficit in 27 years. On average, Gabon posted an annual surplus equal to +1.52% of GDP, compared to deficit of -2.07% of GDP for Malaysia.

Deficit/surplus
Gabon

Malaysia
Year Deficit/surplus, % of GDP
Gabon Malaysia
1990 -3.83% 0.15%
1991 -2.03% 1.6%
1992 -4.9% 1.81%
1993 -5.35% 3.44%
1994 -1.53% 5.45%
1995 2.64% 3.1%
1996 2.12% 3.27%
1997 1.41% 4.84%
1998 -13.1% -0.63%
1999 1.11% -3%
2000 11.1% -6.05%
2001 4.07% -4.36%
2002 3.72% -3.96%
2003 7.75% -4.6%
2004 6.99% -3.35%
2005 7.98% -2.83%
2006 8.67% -2.6%
2007 8.06% -2.57%
2008 11% -3.4%
2009 6.77% -5.88%
2010 2.7% -4.32%
2011 1.41% -3.57%
2012 6.2% -3.1%
2013 -3.07% -3.48%
2014 5.98% -2.63%
2015 -1.12% -2.55%
2016 -4.71% -2.6%
2017 -1.7% -2.41%
2018 -0.21% -2.64%
2019 2.13% -2.01%
2020 -2.19% -4.9%
2021 -1.93% -6.03%
2022 -0.89% -4.56%
2023 1.79% -3.97%
2024 -3.87% -3.95%
2025 -5.85% -3.36%

Inflation comparison by year

Over the past 29 years, Gabon has recorded an average annual inflation rate of 1.99%, compared with 2.29% in Malaysia. In 2024, inflation was 1.17% in Gabon and 1.83% in Malaysia.

Inflation
Gabon

Malaysia
Year Inflation
Gabon Malaysia Gabon Malaysia
1996 0.69% 3.49%
1997 3.97% 2.66%
1998 1.45% 5.27%
1999 -1.94% 2.74%
2000 0.5% 1.53%
2001 2.14% 1.42%
2002 0.04% 1.81%
2003 2.24% 1.09%
2004 0.41% 1.42%
2005 3.71% 2.98%
2006 -1.41% 3.61%
2007 5.03% 2.03%
2008 5.26% 5.44%
2009 1.89% 0.58%
2010 1.46% 1.62%
2011 1.26% 3.17%
2012 2.65% 1.66%
2013 0.51% 2.11%
2014 4.69% 3.14%
2015 -0.34% 2.1%
2016 2.11% 2.09%
2017 2.65% 3.87%
2018 4.75% 0.88%
2019 2.46% 0.66%
2020 1.35% -1.14%
2021 1.09% 2.48%
2022 4.23% 3.38%
2023 3.63% 2.49%
2024 1.17% 1.83%

Top exports between countries

Gabon
Export category Export value
Raw materials & minerals $631M
Wood & paper products $311K
Metals $298K
Chemicals & pharma $217K
Machinery & equipment $115K
Raw agricultural goods $44K
Textiles & consumer goods $22K
Precious metals & jewellery $2K
Animal & marine products $1K
Malaysia
Export category Export value
Processed food, beverages & tobacco $5.69M
Machinery & equipment $5.4M
Animal & marine products $2.22M
Chemicals & pharma $2.1M
Textiles & consumer goods $1.5M
Raw materials & minerals $1.13M
Metals $281K
Wood & paper products $23K
Miscellaneous $20K
Precious metals & jewellery $6K

Balance of trade

Gabon Malaysia
Current account balance
$141M
2015
$7.15B
2024
Current account balance ranking
63/189
2015
25/189
2024
Current account balance, % of GDP
+0.98%
2015
+1.69%
2024
Goods imports
$3.17B
2015
$223B
2024
Goods exports
$5.11B
2015
$248B
2024
Service imports
$1.88B
2015
$56.4B
2024
Service exports
$277M
2015
$53.4B
2024
Imports of goods and services, % of GDP
29.2%
2024
66%
2024
Exports of goods and services, % of GDP
65.3%
2024
71.4%
2024

Economic freedom indices

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

Gabon Malaysia
Economic freedom 56.3 67.1
Economic freedom ranking 120/197 50/197
Property rights 25.4 66.3
Government integrity 21.7 51.1
Judicial effectiveness 19.8 66.2
Tax burden 77.7 83.9
Government spending 88.4 82.1
Fiscal health 85.7 48.1
Business freedom 64.9 76.6
Labor freedom 55.7 58.1
Monetary freedom 78.1 79.6
Trade freedom 58 83.4
Investment freedom 60 60
Financial freedom 40 50

Economic freedom by year comparison

The Economic Freedom Index for Gabon is 56.3, ranking 120/197, compared to 67.1 for Malaysia, ranking 50/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Gabon
Malaysia
Year Economic freedom index
Gabon Malaysia
1995 57.5 71.9
1996 55.7 69.9
1997 58.8 66.8
1998 59.2 68.2
1999 60.5 68.9
2000 58.2 66
2001 55 60.2
2002 58 60.1
2003 58.7 61.1
2004 57.1 59.9
2005 54.8 61.9
2006 56.1 61.6
2007 54.8 63.8
2008 54.2 63.9
2009 55 64.6
2010 55.4 64.8
2011 56.7 66.3
2012 56.4 66.4
2013 57.8 66.1
2014 57.8 69.6
2015 58.3 70.8
2016 59 71.5
2017 58.6 73.8
2018 58 74.5
2019 56.3 74
2020 56.7 74.7
2021 58.1 74.4
2022 55.8 68.1
2023 56.1 67.3
2024 56.9 65.7
2025 56.3 67.1

More economic indicators

Gabon Malaysia
Services, % of GDP
37.5%
2024
53.6%
2024
Industry, % of GDP
50.9%
2024
37.1%
2024
Agriculture, forestry, and fishing, % of GDP
6.15%
2024
8.16%
2024
GNI, Atlas method
$19.2B
2024
$415B
2024
GNI per capita, PPP
$19,540
2024
$37,500
2024
Total reserves including gold
$1.45B
2023
$116B
2024
Total reserves ranking
136/177
2023
24/177
2024
Net foreign direct investment
-$25.3M
2015
-$2.55B
2024
Net inflows of foreign direct investment
$1.14B
2024
$15.6B
2024
Net outflows of foreign direct investment
-$33.8M
2019
$13B
2024
Servicing debt to the IMF, % of GNI
6.33%
2023
n/a
Poverty at national poverty lines
33.4%
2017
5.8%
2023
Gross capital formation, % of GDP
18.1%
2024
21.9%
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.