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Economy of Gabon vs Mongolia compared: GDP & Debt

Updated on by Georank team

Gabon has a GDP of $20.9B compared to $23.8B for Mongolia, ranking 127/197 and 121/197 by economy size, respectively.

Gabon has $15.2B in government debt (72.7% of GDP), compared to $10.5B (44.1% of GDP) in Mongolia.

Gabon vs Mongolia GDP by year

Gabon
Mongolia
1x
Year GDP, current $
Gabon Mongolia
2024 $20,895,684,426 $23,794,540,025
2023 $19,388,372,071 $20,325,121,394
2022 $20,440,655,695 $17,146,471,714
2021 $19,444,935,097 $15,286,441,738
2020 $15,342,236,164 $13,312,981,429
2019 $16,874,405,465 $14,206,359,018
2018 $16,867,326,402 $13,178,094,720
2017 $14,929,487,485 $11,480,847,741
2016 $14,023,890,265 $11,181,350,649
2015 $14,383,107,763 $11,619,892,591
2014 $18,203,966,896 $12,226,514,668
2013 $17,595,744,798 $12,582,122,604
2012 $17,170,464,016 $12,292,770,632
2011 $18,210,307,744 $10,409,797,378
2010 $14,372,593,020 $7,189,481,999
2009 $12,113,699,068 $4,583,850,368
2008 $15,571,348,344 $5,623,216,608
2007 $12,455,409,587 $4,234,999,704
2006 $10,327,598,306 $3,414,055,662
2005 $9,582,783,991 $2,523,471,601
2004 $7,770,219,008 $1,992,066,808
2003 $6,511,903,365 $1,595,297,356
2002 $5,335,451,100 $1,396,555,720
2001 $5,023,265,413 $1,267,997,934
2000 $5,080,483,629 $1,136,896,124
1999 $4,662,992,036 $1,057,408,589
1998 $4,483,417,310 $1,124,440,205
1997 $5,326,817,115 $1,180,934,203
1996 $5,694,040,003 $1,345,719,472
1995 $4,958,845,648 $1,452,165,005
1994 $4,190,819,344 $925,817,092
1993 $4,378,645,081 $768,401,634
1992 $5,592,390,827 $1,317,611,864
1991 $5,402,919,785 $2,379,018,326
1990 $5,952,293,765 $2,560,785,660
1989 $4,186,411,464 $3,576,966,800
1988 $3,834,503,376 $3,204,461,567
1987 $3,281,797,043 $3,020,611,600
1986 $3,403,638,189 $2,896,178,867
1985 $3,339,914,757 $2,186,505,475
1984 $3,561,451,561 $2,098,734,600
1983 $3,391,275,732 $2,725,736,633
1982 $3,618,007,841 $2,552,401,933
1981 $3,862,269,121 $2,310,099,100
1980 $4,279,637,942 $2,101,394,100
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/gabon/mongolia | CC BY

GDP per capita in Gabon vs Mongolia by year

Gabon
GDP per capita

GDP per capita, PPP
Mongolia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Gabon Mongolia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $8,230 $21,510 $6,751 $19,145
2023 $7,803 $20,756 $5,839 $18,005
2022 $8,409 $19,993 $4,994 $16,402
2021 $8,181 $18,524 $4,518 $14,792
2020 $6,606 $14,477 $4,001 $13,693
2019 $7,441 $15,950 $4,348 $13,605
2018 $7,624 $15,432 $4,108 $12,317
2017 $6,922 $14,797 $3,646 $11,096
2016 $6,677 $13,998 $3,620 $10,511
2015 $7,047 $14,306 $3,839 $10,458
2014 $9,201 $14,854 $4,126 $10,900
2013 $9,198 $14,498 $4,340 $10,442
2012 $9,297 $14,620 $4,329 $10,152
2011 $10,219 $14,784 $3,736 $8,862
2010 $8,357 $14,015 $2,625 $7,532
2009 $7,291 $13,384 $1,703 $7,119
2008 $9,689 $13,734 $2,127 $7,297
2007 $8,004 $14,391 $1,628 $6,678
2006 $6,847 $13,637 $1,330 $5,977
2005 $6,548 $14,028 $995 $5,406
2004 $5,466 $13,638 $794 $4,942
2003 $4,711 $13,564 $643 $4,399
2002 $3,966 $13,369 $570 $4,083
2001 $3,836 $13,556 $524 $3,889
2000 $3,983 $13,326 $476 $3,740
1999 $3,751 $13,629 $449 $3,664
1998 $3,700 $15,138 $484 $3,555
1997 $4,509 $14,837 $515 $3,449
1996 $4,943 $14,147 $596 $3,310
1995 $4,415 $13,750 $653 $3,229
1994 $3,828 $13,164 $423 $3,021
1993 $4,106 $12,757 $355 $2,929
1992 $5,386 $12,312 $608 $2,951
1991 $5,345 $12,760 $1,099 $3,183
1990 $6,051 $11,952 $1,220 $3,479
1989 $4,374 - $1,684 -
1988 $4,119 - $1,543 -
1987 $3,624 - $1,493 -
1986 $3,865 - $1,469 -
1985 $3,898 - $1,138 -
1984 $4,273 - $1,120 -
1983 $4,182 - $1,490 -
1982 $4,584 - $1,430 -
1981 $5,026 - $1,325 -
1980 $5,718 - $1,235 -
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/gabon/mongolia | CC BY

Gabon's GDP per capita is $8,230, ranking 93/197, compared to $6,751 in Mongolia, ranking 105/197. Adjusted for purchasing power (GDP per capita PPP), Gabon ranks 90th at $21,510, while Mongolia ranks 98th at $19,145.

Economic indicators

Gabon Mongolia
Gross domestic product
$20.9B
2024
$23.8B
2024
GDP rank
127/197
2024
121/197
2024
GDP growth
3.39%
2023-2024
5.12%
2023-2024
GDP per capita
$8,230
2024
$6,751
2024
GDP per capita rank
93/197
2024
105/197
2024
GDP per capita, PPP
$21,510
2024
$19,145
2024
GDP per capita PPP rank
90/197
2024
98/197
2024
Government debt
$15.2B
2024
$10.5B
2024
Debt-to-GDP ratio
72.7%
2024
44.1%
2024
Government debt per person
$5,985
2024
$2,974
2024
Government debt per person rank
75/185
2024
101/185
2024
Average annual personal income after taxes
$5,368
2026
$5,311
2026
Income share by richest 10%
27.7%
2017
24.6%
2022
Income share by poorest 10%
2.2%
2017
3.4%
2022
Government expenditure, % of GDP
24.8%
2024
37.5%
2024
Consumer prices inflation
1.17%
2023-2024
6.2%
2023-2024
Central bank interest rate n/a
12%
2025
Unemployment rate
20.4%
2010
5.81%
2024
Population
2663339
3620317

Spending and national debt comparison by year

Gabon
Spending

Debt
Mongolia
Spending

Debt
1x
Year % of GDP
Gabon Mongolia
Government spending Government debt Government spending Government debt
2024 24.8% 72.7% 37.5% 44.1%
2023 21.5% 70.6% 31.9% 46.7%
2022 19.7% 65.6% 33.7% 64.6%
2021 17.3% 72.9% 35.9% 67.4%
2020 19.8% 83% 37.1% 83.4%
2019 17.4% 59.8% 30.8% 66.8%
2018 17.1% 62.3% 28.4% 76.5%
2017 18.1% 62.9% 32.2% 86.9%
2016 21.8% 64.5% 39.7% 78.7%
2015 22.3% 44.7% 31.2% 50.5%
2014 23.8% 34.1% 32.1% 44%
2013 34.7% 31.1% 32.2% 49.4%
2012 23.9% 21.4% 36.1% 43.7%
2011 22.1% 21.4% 37.9% 32.7%
2010 23.1% 21.3% 31.6% 31%
2009 22.6% 26% 35.5% 48.5%
2008 18.9% 20.1% 37.6% 31%
2007 19.4% 39.2% 35.3% 36.1%
2006 21.1% 34.9% 26.2% 40.9%
2005 20.8% 41.7% 25.1% 55.9%
2004 20.9% 60.3% 31.8% 75%
2003 21.2% 70.2% 33.7% 90%
2002 25.7% 81.1% 35.5% 72%
2001 27.8% 81% 35.2% 69.2%
2000 20.3% 72.5% 34.5% 79.3%
1999 25.5% 73.1% 33.2% 103.7%
1998 45.5% 87.6% 36.2% 77.5%
1997 29.7% 57% 30.8% 61%
1996 22.2% 64.5% 28.6% 49.7%
1995 25.1% 73.4% 26.6% 40.2%
1994 23.9% 71.3% 32.2% 57.6%
1993 26.9% 90.1% 38.3% 57.8%
1992 26.5% 87.9% 29.1% 29.3%
1991 25.1% 89.3% 46% -
1990 22.6% 90% 51.7% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1992–2005, retrieved 2026-02-20).

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

In 2024, Gabon's government spending was $5.18B, accounting for 24.8% of its GDP, while Mongolia spent $8.92B, or 37.5% of GDP.

Debt-to-GDP ratio is 72.7% in Gabon and 44.1% in Mongolia, ranking 51/185 and 122/185, respectively.

Government deficit by year

Deficit/surplus
Gabon

Mongolia
1x
Year Deficit/surplus, % of GDP
Gabon Mongolia
2024 -3.84% 1.39%
2023 1.79% 2.73%
2022 -0.89% 0.67%
2021 -1.93% -3.05%
2020 -2.19% -9.24%
2019 2.13% 1%
2018 -0.21% 2.85%
2017 -1.7% -3.72%
2016 -4.71% -15.3%
2015 -1.12% -5.04%
2014 5.98% -3.73%
2013 -3.07% -0.93%
2012 6.2% -6.24%
2011 1.41% -4.01%
2010 2.7% 0.43%
2009 6.77% -5.2%
2008 11% -4.52%
2007 8.06% 2.64%
2006 8.67% 7.58%
2005 7.98% 2.43%
2004 6.99% -1.62%
2003 7.75% -3.38%
2002 3.72% -4.74%
2001 4.07% -4.33%
2000 11.1% -5.82%
1999 1.11% -9.91%
1998 -13.1% -12.3%
1997 1.41% -8.09%
1996 2.12% -6.88%
1995 2.64% -4.97%
1994 -1.53% -9.74%
1993 -5.35% -13.3%
1992 -4.9% -8.1%
1991 -2.03% -6.37%
1990 -3.83% -9.37%

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

GeoRank.org/economy/gabon/mongolia | 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 Mongolia's surplus of $332M, or 1.39% of GDP.

Over the past 35 years, Gabon recorded a fiscal deficit in 15 of those years, while Mongolia ran a deficit in 26 years. On average, Gabon posted an annual surplus equal to 1.52% of GDP, compared to deficit of 4.23% of GDP for Mongolia.

Inflation comparison by year

Inflation
Gabon

Mongolia
1x
Year Consumer prices inflation
Gabon Mongolia
2024 1.17% 6.2%
2023 3.63% 10.4%
2022 4.23% 15.1%
2021 1.09% 7.4%
2020 1.35% 3.7%
2019 2.46% 7.3%
2018 4.75% 6.8%
2017 2.65% 4.3%
2016 2.11% 0.8%
2015 -0.34% 6.8%
2014 4.69% 12.9%
2013 0.51% 10.6%
2012 2.65% 13.8%
2011 1.26% 8.8%
2010 1.46% 8.3%
2009 1.89% 7.6%
2008 5.26% 28%
2007 5.03% 9.6%
2006 -1.41% 4.4%
2005 3.71% 12.6%
2004 0.41% 8.3%
2003 2.24% 5.2%
2002 0.04% 0.9%
2001 2.14% 6.4%
2000 0.5% 11.3%
1999 -1.94% 7.6%
1998 1.45% 9.5%
1997 3.97% 30%

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/mongolia | CC BY

Over the past 28 years, Gabon has recorded an average annual inflation rate of 2.03%, compared with 9.45% in Mongolia. In 2024, inflation was 1.17% in Gabon and 6.2% in Mongolia.

Balance of trade

Gabon Mongolia
Current account balance
$141M
2015
-$2.49B
2024
Current account balance ranking
66/190
2015
149/190
2024
Current account balance, % of GDP
+0.98%
2015
-10.4%
2024
Goods imports
$3.17B
2015
$11.7B
2024
Goods exports
$5.11B
2015
$14.7B
2024
Service imports
$1.88B
2015
$4.92B
2024
Service exports
$277M
2015
$1.6B
2024
Imports of goods and services, % of GDP
27.5%
2024
69.7%
2024
Exports of goods and services, % of GDP
64.6%
2024
68.7%
2024

Economic freedom indices

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

Gabon Mongolia
Economic freedom 56.6 63.9
Economic freedom ranking 120/197 76/197
Property rights 30 49.2
Government integrity 22.6 35.8
Judicial effectiveness 19.9 54.9
Tax burden 76.5 83.7
Government spending 85.5 64.6
Fiscal health 87.9 96.1
Business freedom 63.6 68.4
Labor freedom 55.4 68.2
Monetary freedom 80.9 72.1
Trade freedom 57.4 74.4
Investment freedom 60 50
Financial freedom 40 50

Economic freedom comparison by year

Gabon
Mongolia
1x
Year Economic freedom index
Gabon Mongolia
2026 56.6 63.9
2025 56.3 62.6
2024 56.9 60.6
2023 56.1 61.7
2022 55.8 63.9
2021 58.1 62.4
2020 56.7 55.9
2019 56.3 55.4
2018 58 55.7
2017 58.6 54.8
2016 59 59.4
2015 58.3 59.2
2014 57.8 58.9
2013 57.8 61.7
2012 56.4 61.5
2011 56.7 59.5
2010 55.4 60
2009 55 62.8
2008 54.2 63.6
2007 54.8 60.3
2006 56.1 62.4
2005 54.8 59.7
2004 57.1 56.5
2003 58.7 57.7
2002 58 56.7
2001 55 56
2000 58.2 58.5
1999 60.5 58.6
1998 59.2 57.3
1997 58.8 52.9
1996 55.7 47.4
1995 57.5 47.8

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

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

The Economic Freedom Index for Gabon is 56.6, ranking 120/197, compared to 63.9 for Mongolia, ranking 76/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Gabon Mongolia
Services, % of GDP
36.8%
2024
44.3%
2024
Industry, % of GDP
52.9%
2024
38.1%
2024
Agriculture, forestry, and fishing, % of GDP
6.56%
2024
7.29%
2024
GNI, Atlas method
$19.8B
2024
$19B
2024
GNI per capita, PPP
$20,400
2024
$17,000
2024
Total reserves including gold
$1.45B
2023
$5.51B
2024
Total reserves ranking
136/177
2023
95/177
2024
Net foreign direct investment
-$25.3M
2015
-$2.73B
2024
Net inflows of foreign direct investment
$1.14B
2024
$2.78B
2024
Net outflows of foreign direct investment
-$33.8M
2019
$55.5M
2024
Servicing debt to the IMF, % of GNI
5.67%
2024
25.7%
2024
Poverty at national poverty lines
33.4%
2017
27.1%
2022
Gross capital formation, % of GDP
19.1%
2024
35.5%
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/mongolia | 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 (1992–2005, 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.