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Economy of Gabon vs Paraguay compared: GDP & Debt

Updated on by Georank team

Gabon has a GDP of $20.9B compared to $44.5B for Paraguay, ranking 127/197 and 98/197 by economy size, respectively.

Gabon has $15.2B in government debt (72.7% of GDP), compared to $19.9B (44.8% of GDP) in Paraguay.

Gabon vs Paraguay GDP by year

Gabon
Paraguay
1x
Year GDP, current $
Gabon Paraguay
2024 $20,895,684,426 $44,458,118,397
2023 $19,388,372,071 $43,118,053,175
2022 $20,440,655,695 $41,952,910,858
2021 $19,444,935,097 $39,950,899,939
2020 $15,342,236,164 $35,432,178,068
2019 $16,874,405,465 $37,925,338,329
2018 $16,867,326,402 $40,225,448,341
2017 $14,929,487,485 $38,997,129,474
2016 $14,023,890,265 $36,089,700,223
2015 $14,383,107,763 $36,211,447,840
2014 $18,203,966,896 $40,377,929,296
2013 $17,595,744,798 $38,501,122,141
2012 $17,170,464,016 $33,271,921,136
2011 $18,210,307,744 $33,756,238,766
2010 $14,372,593,020 $27,260,886,405
2009 $12,113,699,068 $22,355,151,162
2008 $15,571,348,344 $24,615,267,664
2007 $12,455,409,587 $17,856,393,235
2006 $10,327,598,306 $13,429,430,050
2005 $9,582,783,991 $10,737,500,188
2004 $7,770,219,008 $9,624,440,836
2003 $6,511,903,365 $7,691,367,471
2002 $5,335,451,100 $7,196,260,657
2001 $5,023,265,413 $8,495,806,432
2000 $5,080,483,629 $8,855,705,140
1999 $4,662,992,036 $8,837,070,236
1998 $4,483,417,310 $9,260,481,572
1997 $5,326,817,115 $9,965,225,678
1996 $5,694,040,003 $9,788,391,781
1995 $4,958,845,648 $9,062,131,475
1994 $4,190,819,344 $7,870,982,005
1993 $4,378,645,081 $7,249,533,620
1992 $5,592,390,827 $7,157,424,031
1991 $5,402,919,785 $6,984,367,763
1990 $5,952,293,765 $5,812,114,523
1989 $4,186,411,464 $4,757,732,200
1988 $3,834,503,376 $4,255,683,528
1987 $3,281,797,043 $3,971,044,724
1986 $3,403,638,189 $3,723,993,943
1985 $3,339,914,757 $3,282,449,236
1984 $3,561,451,561 $4,502,462,807
1983 $3,391,275,732 $5,673,248,726
1982 $3,618,007,841 $5,419,411,765
1981 $3,862,269,121 $5,624,515,873
1980 $4,279,637,942 $4,448,087,302
1979 $3,030,251,120 $3,416,777,778
1978 $2,389,479,272 $2,559,857,143
1977 $2,809,349,069 $2,092,158,730
1976 $3,009,409,974 $1,698,960,317
1975 $2,157,592,940 $1,511,420,635
1974 $1,544,216,002 $1,333,475,397
1973 $722,780,701 $995,531,746
1972 $430,508,359 $769,039,683
1971 $381,687,073 $664,571,429
1970 $323,802,476 $594,611,111
1969 $318,124,701 $556,293,651
1968 $294,468,564 $517,650,794
1967 $271,543,680 $492,674,603
1966 $245,849,781 $465,888,889
1965 $226,474,286 $443,587,302
1964 $215,679,855 $408,349,206
1963 $154,480,244 $383,904,762
1962 $182,796,536 $360,698,413
1961 $167,637,907 $322,053,713
1960 $141,468,978 $288,884,368

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Gabon vs Paraguay by year

Gabon
GDP per capita

GDP per capita, PPP
Paraguay
GDP per capita

GDP per capita, PPP
1x
Year Current $
Gabon Paraguay
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $8,230 $21,510 $6,416 $18,524
2023 $7,803 $20,756 $6,300 $17,564
2022 $8,409 $19,993 $6,206 $16,347
2021 $8,181 $18,524 $5,977 $15,406
2020 $6,606 $14,477 $5,365 $14,309
2019 $7,441 $15,950 $5,821 $14,150
2018 $7,624 $15,432 $6,258 $14,139
2017 $6,922 $14,797 $6,152 $13,977
2016 $6,677 $13,998 $5,775 $13,329
2015 $7,047 $14,306 $5,879 $12,679
2014 $9,201 $14,854 $6,652 $12,607
2013 $9,198 $14,498 $6,436 $12,137
2012 $9,297 $14,620 $5,642 $10,954
2011 $10,219 $14,784 $5,805 $11,442
2010 $8,357 $14,015 $4,751 $10,893
2009 $7,291 $13,384 $3,942 $9,802
2008 $9,689 $13,734 $4,385 $9,867
2007 $8,004 $14,391 $3,212 $9,179
2006 $6,847 $13,637 $2,439 $8,561
2005 $6,548 $14,028 $1,971 $8,007
2004 $5,466 $13,638 $1,786 $7,686
2003 $4,711 $13,564 $1,444 $7,276
2002 $3,966 $13,369 $1,368 $6,924
2001 $3,836 $13,556 $1,638 $6,916
2000 $3,983 $13,326 $1,736 $6,937
1999 $3,751 $13,629 $1,766 $7,080
1998 $3,700 $15,138 $1,890 $7,227
1997 $4,509 $14,837 $2,079 $7,299
1996 $4,943 $14,147 $2,088 $7,040
1995 $4,415 $13,750 $1,979 $6,966
1994 $3,828 $13,164 $1,760 $6,542
1993 $4,106 $12,757 $1,662 $6,234
1992 $5,386 $12,312 $1,683 $5,952
1991 $5,345 $12,760 $1,685 $5,873
1990 $6,051 $11,952 $1,440 $5,637
1989 $4,374 - $1,211 -
1988 $4,119 - $1,114 -
1987 $3,624 - $1,069 -
1986 $3,865 - $1,031 -
1985 $3,898 - $935 -
1984 $4,273 - $1,319 -
1983 $4,182 - $1,710 -
1982 $4,584 - $1,680 -
1981 $5,026 - $1,793 -
1980 $5,718 - $1,457 -
1979 $4,155 - $1,149 -
1978 $3,360 - $883 -
1977 $4,048 - $740 -
1976 $4,441 - $616 -
1975 $3,258 - $562 -
1974 $2,384 - $508 -
1973 $1,140 - $389 -
1972 $693 - $308 -
1971 $627 - $272.1 -
1970 $543 - $249 -
1969 $545 - $238.2 -
1968 $515 - $226.8 -
1967 $482 - $220.9 -
1966 $443 - $213.9 -
1965 $415 - $208.7 -
1964 $400 - $197 -
1963 $290.7 - $189.9 -
1962 $348 - $182.8 -
1961 $323 - $167.1 -
1960 $276.1 - $153.4 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Gabon's GDP per capita is $8,230, ranking 93/197, compared to $6,416 in Paraguay, ranking 109/197. Adjusted for purchasing power (GDP per capita PPP), Gabon ranks 90th at $21,510, while Paraguay ranks 102nd at $18,524.

Economic indicators

Gabon Paraguay
Gross domestic product
$20.9B
2024
$44.5B
2024
GDP rank
127/197
2024
98/197
2024
GDP growth
3.39%
2023-2024
4.25%
2023-2024
GDP per capita
$8,230
2024
$6,416
2024
GDP per capita rank
93/197
2024
109/197
2024
GDP per capita, PPP
$21,510
2024
$18,524
2024
GDP per capita PPP rank
90/197
2024
102/197
2024
Government debt
$15.2B
2024
$19.9B
2024
Debt-to-GDP ratio
72.7%
2024
44.8%
2024
Government debt per person
$5,985
2024
$2,872
2024
Government debt per person rank
75/185
2024
103/185
2024
Average annual personal income after taxes
$5,368
2026
$6,136
2026
Market capitalization of domestic companies n/a
$313M
1999
Income share by richest 10%
27.7%
2017
35%
2024
Income share by poorest 10%
2.2%
2017
2%
2024
Government expenditure, % of GDP
24.8%
2024
21%
2024
Consumer prices inflation
1.17%
2023-2024
3.84%
2023-2024
Central bank interest rate n/a
6%
2024
Unemployment rate
20.4%
2010
5.69%
2024
Population
2663339
7120169

Spending and national debt comparison by year

Gabon
Spending

Debt
Paraguay
Spending

Debt
1x
Year % of GDP
Gabon Paraguay
Government spending Government debt Government spending Government debt
2024 24.8% 72.7% 21% 44.8%
2023 21.5% 70.6% 21.5% 41.1%
2022 19.7% 65.6% 20.2% 40.5%
2021 17.3% 72.9% 20.4% 37.5%
2020 19.8% 83% 22.6% 36.9%
2019 17.4% 59.8% 20.1% 25.8%
2018 17.1% 62.3% 18.5% 22.3%
2017 18.1% 62.9% 18.1% 19.8%
2016 21.8% 64.5% 17.7% 19.4%
2015 22.3% 44.7% 18% 18.6%
2014 23.8% 34.1% 17.1% 15.6%
2013 34.7% 31.1% 17.1% 13.5%
2012 23.9% 21.4% 17.6% 12.3%
2011 22.1% 21.4% 14.7% 11.1%
2010 23.1% 21.3% 13.3% 13%
2009 22.6% 26% 14.3% 14.9%
2008 18.9% 20.1% 11.8% 16%
2007 19.4% 39.2% 13.1% 16.8%
2006 21.1% 34.9% 14.1% 21%
2005 20.8% 41.7% 14% 28.3%
2004 20.9% 60.3% 14% 36%
2003 21.2% 70.2% 14.6% 37.5%
2002 25.7% 81.1% 17.6% 50.5%
2001 27.8% 81% 19% 37.1%
2000 20.3% 72.5% 19.6% 33.6%
1999 25.5% 73.1% 19.2% 32%
1998 45.5% 87.6% 18% 22.1%
1997 29.7% 57% 18.1% 18%
1996 22.2% 64.5% 16.9% 16.8%
1995 25.1% 73.4% 15.7% 17.6%
1994 23.9% 71.3% 14.5% 18.7%
1993 26.9% 90.1% 12.9% 26.6%
1992 26.5% 87.9% 13% 34.4%
1991 25.1% 89.3% 11.4% 49.4%
1990 22.6% 90% 10.5% 67%
1989 - - 11.8% 52.9%
1988 - - 9.75% 58.9%
1987 - - 10.1% 68.7%
1986 - - 9.25% 57.1%
1985 - - 11.4% 54.7%
1984 - - 13% 31%
1983 - - 13% 22.6%
1982 - - 13.2% 21.3%
1981 - - 13.3% 17.4%
1980 - - 11.6% 17.4%
1979 - - 11.7% 19.7%
1978 - - 11.9% 20.9%
1977 - - 11.2% 18.8%
1976 - - 9.8% 14.1%
1975 - - 10.5% 12.6%
1974 - - 9.44% 12.5%
1973 - - 11.2% 15.4%
1972 - - 12.5% 18.2%
1971 - - 12.3% 18.9%
1970 - - 13.3% 19.2%
1969 - - 14% -
1968 - - 13.5% -
1967 - - 12.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1967–1989, retrieved 2026-02-20).

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

In 2024, Gabon's government spending was $5.18B, accounting for 24.8% of its GDP, while Paraguay spent $9.33B, or 21% of GDP.

Debt-to-GDP ratio is 72.7% in Gabon and 44.8% in Paraguay, ranking 51/185 and 120/185, respectively.

Government deficit by year

Deficit/surplus
Gabon

Paraguay
1x
Year Deficit/surplus, % of GDP
Gabon Paraguay
2024 -3.84% -2.12%
2023 1.79% -3.81%
2022 -0.89% -2.64%
2021 -1.93% -3.39%
2020 -2.19% -5.72%
2019 2.13% -2.44%
2018 -0.21% -1.01%
2017 -1.7% -0.44%
2016 -4.71% -0.37%
2015 -1.12% -0.44%
2014 5.98% -0.27%
2013 -3.07% -1.16%
2012 6.2% -0.58%
2011 1.41% 1.29%
2010 2.7% 1.54%
2009 6.77% 0.59%
2008 11% 2.29%
2007 8.06% 1.27%
2006 8.67% 0.91%
2005 7.98% 0.74%
2004 6.99% 1.33%
2003 7.75% -0.07%
2002 3.72% -1.89%
2001 4.07% 0.07%
2000 11.1% -0.55%
1999 1.11% 2.67%
1998 -13.1% 4.28%
1997 1.41% 3%
1996 2.12% 2.43%
1995 2.64% 2.78%
1994 -1.53% 4.59%
1993 -5.35% 4.27%
1992 -4.9% 3.1%
1991 -2.03% 3.41%
1990 -3.83% 7.56%
1989 - 5.48%
1988 - 3.01%
1987 - 2.68%
1986 - 3.08%
1985 - 0.85%
1984 - -0.42%
1983 - 0.27%
1982 - 1.52%
1981 - 0.15%
1980 - 3.4%
1979 - 4.13%
1978 - -3.42%
1977 - -0.19%
1976 - -0.06%
1975 - -1.24%
1974 - 1.67%
1973 - -0.91%
1972 - -2.51%
1971 - -1.25%
1970 - -1.26%
1969 - -1.62%
1968 - -2.34%
1967 - -1.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1967–1989, retrieved 2026-02-20).

GeoRank.org/economy/gabon/paraguay | 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 Paraguay's deficit of $942M, or 2.12% of GDP.

Over the past 35 years, Gabon recorded a fiscal deficit in 15 of those years, while Paraguay ran a deficit in 16 years. On average, Gabon posted an annual surplus equal to 1.52% of GDP, compared to surplus of 0.61% of GDP for Paraguay.

Inflation comparison by year

Inflation
Gabon

Paraguay
1x
Year Consumer prices inflation
Gabon Paraguay
2024 1.17% 3.84%
2023 3.63% 4.63%
2022 4.23% 9.77%
2021 1.09% 4.79%
2020 1.35% 1.77%
2019 2.46% 2.76%
2018 4.75% 3.98%
2017 2.65% 3.6%
2016 2.11% 4.09%
2015 -0.34% 3.13%
2014 4.69% 5.03%
2013 0.51% 2.68%
2012 2.65% 3.68%
2011 1.26% 8.25%
2010 1.46% 4.65%
2009 1.89% 2.59%
2008 5.26% 10.2%
2007 5.03% 8.13%
2006 -1.41% 9.59%
2005 3.71% 6.81%
2004 0.41% 4.32%
2003 2.24% 14.2%
2002 0.04% 10.5%
2001 2.14% 7.27%
2000 0.5% 8.98%
1999 -1.94% 6.75%
1998 1.45% 11.6%
1997 3.97% 6.95%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Gabon has recorded an average annual inflation rate of 2.03%, compared with 6.23% in Paraguay. In 2024, inflation was 1.17% in Gabon and 3.84% in Paraguay.

Top exports between countries

Gabon
Export category Export value
Paraguay
Export category Export value
Animal & marine products $7.2M
Processed food, beverages & tobacco $25K

Balance of trade

Gabon Paraguay
Current account balance
$141M
2015
-$1.53B
2024
Current account balance ranking
66/190
2015
133/190
2024
Current account balance, % of GDP
+0.98%
2015
-3.44%
2024
Goods imports
$3.17B
2015
$15.8B
2024
Goods exports
$5.11B
2015
$14.9B
2024
Service imports
$1.88B
2015
$2.54B
2024
Service exports
$277M
2015
$2.65B
2024
Imports of goods and services, % of GDP
27.5%
2024
39.6%
2024
Exports of goods and services, % of GDP
64.6%
2024
37.2%
2024

Economic freedom indices

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

Gabon Paraguay
Economic freedom 56.6 66.4
Economic freedom ranking 120/197 61/197
Property rights 30 44.2
Government integrity 22.6 27.3
Judicial effectiveness 19.9 38.4
Tax burden 76.5 95.9
Government spending 85.5 86.9
Fiscal health 87.9 83
Business freedom 63.6 72
Labor freedom 55.4 44.1
Monetary freedom 80.9 76.5
Trade freedom 57.4 78.4
Investment freedom 60 80
Financial freedom 40 70

Economic freedom comparison by year

Gabon
Paraguay
1x
Year Economic freedom index
Gabon Paraguay
2026 56.6 66.4
2025 56.3 65.2
2024 56.9 60.1
2023 56.1 61
2022 55.8 62.9
2021 58.1 62.6
2020 56.7 63
2019 56.3 61.8
2018 58 62.1
2017 58.6 62.4
2016 59 61.5
2015 58.3 61.1
2014 57.8 62
2013 57.8 61.1
2012 56.4 61.8
2011 56.7 62.3
2010 55.4 61.3
2009 55 61
2008 54.2 60
2007 54.8 58.3
2006 56.1 55.6
2005 54.8 53.4
2004 57.1 56.7
2003 58.7 58.2
2002 58 59.6
2001 55 60.3
2000 58.2 64
1999 60.5 63.7
1998 59.2 65.2
1997 58.8 67.3
1996 55.7 67.1
1995 57.5 65.9

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

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

The Economic Freedom Index for Gabon is 56.6, ranking 120/197, compared to 66.4 for Paraguay, ranking 61/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Gabon Paraguay
Services, % of GDP
36.8%
2024
48.7%
2024
Industry, % of GDP
52.9%
2024
32.5%
2024
Agriculture, forestry, and fishing, % of GDP
6.56%
2024
10.7%
2024
GNI, Atlas method
$19.8B
2024
$43.7B
2024
GNI per capita, PPP
$20,400
2024
$17,930
2024
Total reserves including gold
$1.45B
2023
$9.89B
2023
Total reserves ranking
136/177
2023
76/177
2023
Net foreign direct investment
-$25.3M
2015
-$335M
2024
Net inflows of foreign direct investment
$1.14B
2024
$1.1B
2024
Net outflows of foreign direct investment
-$33.8M
2019
$166M
2024
Servicing debt to the IMF, % of GNI
5.67%
2024
4.58%
2024
Poverty at national poverty lines
33.4%
2017
20.1%
2024
Gross capital formation, % of GDP
19.1%
2024
22.8%
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/paraguay | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1967–1989, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.