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Economy of Gabon vs Portugal compared: GDP & Debt

Updated on by Georank team

Gabon has a GDP of $20.9B compared to $313B for Portugal, ranking 127/197 and 46/197 by economy size, respectively.

Gabon has $15.2B in government debt (72.7% of GDP), compared to $297B (94.9% of GDP) in Portugal.

Gabon vs Portugal GDP by year

Gabon
Portugal
1x
Year GDP, current $
Gabon Portugal
2024 $20,895,684,426 $313,271,185,085
2023 $19,388,372,071 $292,323,800,949
2022 $20,440,655,695 $256,898,677,175
2021 $19,444,935,097 $256,055,879,091
2020 $15,342,236,164 $229,618,773,423
2019 $16,874,405,465 $240,115,970,063
2018 $16,867,326,402 $242,092,894,543
2017 $14,929,487,485 $220,862,990,767
2016 $14,023,890,265 $206,305,431,242
2015 $14,383,107,763 $199,038,523,120
2014 $18,203,966,896 $230,078,616,300
2013 $17,595,744,798 $226,677,408,292
2012 $17,170,464,016 $216,536,676,772
2011 $18,210,307,744 $245,426,767,676
2010 $14,372,593,020 $238,443,864,993
2009 $12,113,699,068 $244,667,762,836
2008 $15,571,348,344 $263,416,394,624
2007 $12,455,409,587 $240,496,147,317
2006 $10,327,598,306 $208,756,449,276
2005 $9,582,783,991 $197,253,876,705
2004 $7,770,219,008 $189,382,122,532
2003 $6,511,903,365 $165,226,175,537
2002 $5,335,451,100 $134,795,565,549
2001 $5,023,265,413 $121,604,107,165
2000 $5,080,483,629 $118,605,192,877
1999 $4,662,992,036 $127,470,385,557
1998 $4,483,417,310 $123,946,327,916
1997 $5,326,817,115 $117,016,535,163
1996 $5,694,040,003 $122,630,089,680
1995 $4,958,845,648 $118,122,007,430
1994 $4,190,819,344 $99,688,641,304
1993 $4,378,645,081 $95,009,751,901
1992 $5,592,390,827 $107,592,098,307
1991 $5,402,919,785 $89,233,599,278
1990 $5,952,293,765 $78,713,860,217
1989 $4,186,411,464 $60,594,092,182
1988 $3,834,503,376 $56,347,250,696
1987 $3,281,797,043 $48,182,925,857
1986 $3,403,638,189 $38,745,901,354
1985 $3,339,914,757 $27,115,807,742
1984 $3,561,451,561 $25,217,969,050
1983 $3,391,275,732 $27,239,650,742
1982 $3,618,007,841 $30,527,754,793
1981 $3,862,269,121 $31,977,276,873
1980 $4,279,637,942 $32,896,519,824
1979 $3,030,251,120 $26,622,819,672
1978 $2,389,479,272 $23,487,614,051
1977 $2,809,349,069 $21,439,523,311
1976 $3,009,409,974 $20,332,831,565
1975 $2,157,592,940 $19,347,607,843
1974 $1,544,216,002 $17,512,391,476
1973 $722,780,701 $15,090,564,186
1972 $430,508,359 $11,239,117,865
1971 $381,687,073 $9,201,604,240
1970 $323,802,476 $8,108,235,704
1969 $318,124,701 $7,287,555,035
1968 $294,468,564 $6,644,693,214
1967 $271,543,680 $6,002,607,030
1966 $245,849,781 $5,370,108,031
1965 $226,474,286 $4,901,711,248
1964 $215,679,855 $4,429,202,657
1963 $154,480,244 $4,084,251,593
1962 $182,796,536 $3,835,883,663
1961 $167,637,907 $3,573,719,085
1960 $141,468,978 $3,339,150,158

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

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

GDP per capita in Gabon vs Portugal by year

Gabon
GDP per capita

GDP per capita, PPP
Portugal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Gabon Portugal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $8,230 $21,510 $29,292 $51,680
2023 $7,803 $20,756 $27,635 $49,353
2022 $8,409 $19,993 $24,621 $45,250
2021 $8,181 $18,524 $24,711 $38,658
2020 $6,606 $14,477 $22,299 $35,967
2019 $7,441 $15,950 $23,343 $37,866
2018 $7,624 $15,432 $23,541 $34,897
2017 $6,922 $14,797 $21,442 $32,971
2016 $6,677 $13,998 $19,980 $31,589
2015 $7,047 $14,306 $19,216 $29,608
2014 $9,201 $14,854 $22,121 $28,765
2013 $9,198 $14,498 $21,676 $27,966
2012 $9,297 $14,620 $20,593 $26,476
2011 $10,219 $14,784 $23,247 $26,803
2010 $8,357 $14,015 $22,552 $27,292
2009 $7,291 $13,384 $23,151 $26,472
2008 $9,689 $13,734 $24,949 $26,666
2007 $8,004 $14,391 $22,811 $25,738
2006 $6,847 $13,637 $19,839 $24,677
2005 $6,548 $14,028 $18,780 $22,725
2004 $5,466 $13,638 $18,064 $21,476
2003 $4,711 $13,564 $15,798 $20,850
2002 $3,966 $13,369 $12,937 $20,357
2001 $3,836 $13,556 $11,735 $19,529
2000 $3,983 $13,326 $11,526 $18,883
1999 $3,751 $13,629 $12,475 $17,718
1998 $3,700 $15,138 $12,199 $16,688
1997 $4,509 $14,837 $11,576 $15,789
1996 $4,943 $14,147 $12,185 $14,922
1995 $4,415 $13,750 $11,781 $14,406
1994 $3,828 $13,164 $9,977 $13,578
1993 $4,106 $12,757 $9,535 $13,202
1992 $5,386 $12,312 $10,811 $13,182
1991 $5,345 $12,760 $8,959 $12,739
1990 $6,051 $11,952 $7,885 $11,780
1989 $4,374 - $6,056 -
1988 $4,119 - $5,624 -
1987 $3,624 - $4,804 -
1986 $3,865 - $3,862 -
1985 $3,898 - $2,705 -
1984 $4,273 - $2,523 -
1983 $4,182 - $2,735 -
1982 $4,584 - $3,080 -
1981 $5,026 - $3,246 -
1980 $5,718 - $3,368 -
1979 $4,155 - $2,756 -
1978 $3,360 - $2,457 -
1977 $4,048 - $2,267 -
1976 $4,441 - $2,173 -
1975 $3,258 - $2,128 -
1974 $2,384 - $2,000 -
1973 $1,140 - $1,748 -
1972 $693 - $1,302 -
1971 $627 - $1,065 -
1970 $543 - $934 -
1969 $545 - $832 -
1968 $515 - $752 -
1967 $482 - $676 -
1966 $443 - $601 -
1965 $415 - $545 -
1964 $400 - $490 -
1963 $290.7 - $452 -
1962 $348 - $426 -
1961 $323 - $400 -
1960 $276.1 - $377 -

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

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

Gabon's GDP per capita is $8,230, ranking 93/197, compared to $29,292 in Portugal, ranking 44/197. Adjusted for purchasing power (GDP per capita PPP), Gabon ranks 90th at $21,510, while Portugal ranks 42nd at $51,680.

Economic indicators

Gabon Portugal
Gross domestic product
$20.9B
2024
$313B
2024
GDP rank
127/197
2024
46/197
2024
GDP growth
3.39%
2023-2024
2.14%
2023-2024
GDP per capita
$8,230
2024
$29,292
2024
GDP per capita rank
93/197
2024
44/197
2024
GDP per capita, PPP
$21,510
2024
$51,680
2024
GDP per capita PPP rank
90/197
2024
42/197
2024
Government debt
$15.2B
2024
$297B
2024
Debt-to-GDP ratio
72.7%
2024
94.9%
2024
Government debt per person
$5,985
2024
$27,807
2024
Government debt per person rank
75/185
2024
27/185
2024
Average annual personal income after taxes
$5,368
2026
$16,747
2026
Market capitalization of domestic companies n/a
$61.9B
2018
Number of millionaires n/a
171,797
2025
Number of billionaires n/a
1
2025
Income share by richest 10%
27.7%
2017
26.9%
2023
Income share by poorest 10%
2.2%
2017
2.7%
2023
Government expenditure, % of GDP
24.8%
2024
42.8%
2024
Consumer prices inflation
1.17%
2023-2024
2.42%
2023-2024
Unemployment rate
20.4%
2010
6.43%
2024
Population
2663339
10667081

Spending and national debt comparison by year

Gabon
Spending

Debt
Portugal
Spending

Debt
1x
Year % of GDP
Gabon Portugal
Government spending Government debt Government spending Government debt
2024 24.8% 72.7% 42.8% 94.9%
2023 21.5% 70.6% 42.3% 97.7%
2022 19.7% 65.6% 43.9% 111.2%
2021 17.3% 72.9% 47.3% 123.9%
2020 19.8% 83% 49.1% 134.1%
2019 17.4% 59.8% 42.5% 116.1%
2018 17.1% 62.3% 43.3% 121.1%
2017 18.1% 62.9% 45.5% 126%
2016 21.8% 64.5% 44.9% 131.2%
2015 22.3% 44.7% 48.2% 131%
2014 23.8% 34.1% 51.7% 132.5%
2013 34.7% 31.1% 50% 130.8%
2012 23.9% 21.4% 48.8% 128.6%
2011 22.1% 21.4% 50% 114%
2010 23.1% 21.3% 51.9% 100.1%
2009 22.6% 26% 50.3% 87.8%
2008 18.9% 20.1% 45.5% 75.6%
2007 19.4% 39.2% 44.5% 72.7%
2006 21.1% 34.9% 45.1% 73.7%
2005 20.8% 41.7% 46.8% 72.2%
2004 20.9% 60.3% 46.1% 67.1%
2003 21.2% 70.2% 45.4% 63.9%
2002 25.7% 81.1% 44.2% 60%
2001 27.8% 81% 44.1% 57.4%
2000 20.3% 72.5% 42.8% 54.2%
1999 25.5% 73.1% 42.5% 55.4%
1998 45.5% 87.6% 42.6% 55.6%
1997 29.7% 57% 42.4% 58.7%
1996 22.2% 64.5% 43% 63.3%
1995 25.1% 73.4% 42.6% 62.2%
1994 23.9% 71.3% 42.8% 60.4%
1993 26.9% 90.1% 46.5% 57.2%
1992 26.5% 87.9% 48.2% 58.1%
1991 25.1% 89.3% 45.9% 63.9%
1990 22.6% 90% 42.2% 60.2%
1989 - - 36.2% 55.4%
1988 - - 36.2% 56.8%
1987 - - 37.5% 57.2%
1986 - - 38.9% 59.8%
1985 - - 37.5% 59.4%
1984 - - 34.6% 51.3%
1983 - - 34.7% 46.7%
1982 - - 35.8% 43%
1981 - - 35.3% 39.3%
1980 - - 32.4% 31%
1979 - - 30.8% 35.2%
1978 - - 31.7% 31.4%
1977 - - 35.1% 26.9%
1976 - - 38.2% 24.5%
1975 - - 31.9% 19.2%
1974 - - 25.8% 13.5%
1973 - - 25.7% 13.6%
1972 - - 22.8% 14.5%
1971 - - 15.5% 15.7%
1970 - - 15.5% 16.5%
1969 - - 14.9% 16.8%
1968 - - 14.3% 17.2%
1967 - - 14.1% 18.5%
1966 - - 14.4% 20.2%
1965 - - 13.4% 20.4%
1964 - - 13.9% 21.9%
1963 - - 14.6% 20.8%
1962 - - 14.5% 18.7%
1961 - - 14.6% 17.1%
1960 - - 14.3% 16.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

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

In 2024, Gabon's government spending was $5.18B, accounting for 24.8% of its GDP, while Portugal spent $134B, or 42.8% of GDP.

Debt-to-GDP ratio is 72.7% in Gabon and 94.9% in Portugal, ranking 51/185 and 27/185, respectively.

Government deficit by year

Deficit/surplus
Gabon

Portugal
1x
Year Deficit/surplus, % of GDP
Gabon Portugal
2024 -3.84% 0.7%
2023 1.79% 1.21%
2022 -0.89% -0.31%
2021 -1.93% -2.83%
2020 -2.19% -5.75%
2019 2.13% 0.12%
2018 -0.21% -0.43%
2017 -1.7% -3%
2016 -4.71% -1.94%
2015 -1.12% -4.37%
2014 5.98% -7.32%
2013 -3.07% -5.21%
2012 6.2% -6.2%
2011 1.41% -7.73%
2010 2.7% -11.4%
2009 6.77% -9.87%
2008 11% -3.81%
2007 8.06% -2.91%
2006 8.67% -4.07%
2005 7.98% -6.11%
2004 6.99% -5.99%
2003 7.75% -5.66%
2002 3.72% -3.73%
2001 4.07% -4.73%
2000 11.1% -3.35%
1999 1.11% -2.99%
1998 -13.1% -4.3%
1997 1.41% -3.65%
1996 2.12% -4.63%
1995 2.64% -5.14%
1994 -1.53% -7.37%
1993 -5.35% -8.06%
1992 -4.9% -5.19%
1991 -2.03% -7.93%
1990 -3.83% -6.82%
1989 - -2.86%
1988 - -3.52%
1987 - -6.79%
1986 - -7.45%
1985 - -8.35%
1984 - -5.23%
1983 - -4.86%
1982 - -7.02%
1981 - -8.34%
1980 - -6.92%
1979 - -6.08%
1978 - -7.15%
1977 - -7.5%
1976 - -10.2%
1975 - -7.1%
1974 - -3.2%
1973 - -5.39%
1972 - -7.72%
1971 - -0.23%
1970 - -0.24%
1969 - -1.53%
1968 - -1.24%
1967 - -0.46%
1966 - -2%
1965 - -0.03%
1964 - -1.93%
1963 - -3.33%
1962 - -1.69%
1961 - -3.17%
1960 - -3.13%
1959 - -1.73%
1958 - -0.52%
1957 - 0.08%
1956 - -0.18%
1955 - -0.31%
1954 - -0.58%
1953 - -0.35%
1952 - -0.34%
1951 - 0.94%
1950 - -0.83%
1949 - -0.46%
1948 - -2.04%
1947 - -1.65%
1946 - -2.32%
1945 - -2.38%
1944 - -1.44%
1943 - 0.03%
1942 - -0.35%
1941 - -0.08%
1940 - -1.74%
1939 - -0.73%
1938 - -0.08%
1937 - -0.09%
1936 - 0.08%
1935 - 0.75%
1934 - 0.6%
1933 - -0.07%
1932 - -0.03%
1931 - 0.04%
1930 - 0.79%
1929 - 1.86%
1928 - 0.2%
1927 - -2.27%
1926 - -4.21%
1925 - -1.48%
1924 - -3.16%
1923 - -3.47%
1922 - -10%
1921 - -6.5%
1920 - -5.66%
1919 - -8.83%
1918 - -8.3%
1917 - -5.49%
1916 - -
1915 - -
1914 - -
1913 - -0.34%
1912 - -0.02%
1911 - -0.73%
1910 - -0.19%
1909 - -0.82%
1908 - -0.56%
1907 - -0.69%
1906 - -0.45%
1905 - -0.75%
1904 - -0.26%
1903 - -0.91%
1902 - -0.5%
1901 - -0.69%
1900 - -0.35%
1899 - -0.77%
1898 - -0.5%
1897 - -0.93%
1896 - -1.35%
1895 - -0.2%
1894 - -0.16%
1893 - -0.02%
1892 - -0.8%
1891 - -2.15%
1890 - -2.01%
1889 - -1.95%
1888 - -2.14%
1887 - -0.67%
1886 - -1.43%
1885 - -1.68%
1884 - -1.48%
1883 - -1.1%
1882 - -0.39%
1881 - -1.2%
1880 - -1.63%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/gabon/portugal | 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 Portugal's surplus of $2.19B, or 0.7% of GDP.

Over the past 35 years, Gabon recorded a fiscal deficit in 15 of those years, while Portugal ran a deficit in 32 years. On average, Gabon posted an annual surplus equal to 1.52% of GDP, compared to deficit of 4.6% of GDP for Portugal.

Inflation comparison by year

Inflation
Gabon

Portugal
1x
Year Consumer prices inflation
Gabon Portugal
2024 1.17% 2.42%
2023 3.63% 4.31%
2022 4.23% 7.83%
2021 1.09% 1.27%
2020 1.35% -0.01%
2019 2.46% 0.34%
2018 4.75% 0.99%
2017 2.65% 1.37%
2016 2.11% 0.61%
2015 -0.34% 0.49%
2014 4.69% -0.28%
2013 0.51% 0.27%
2012 2.65% 2.77%
2011 1.26% 3.65%
2010 1.46% 1.4%
2009 1.89% -0.84%
2008 5.26% 2.59%
2007 5.03% 2.45%
2006 -1.41% 3.11%
2005 3.71% 2.28%
2004 0.41% 2.37%
2003 2.24% 3.22%
2002 0.04% 3.6%
2001 2.14% 4.37%
2000 0.5% 2.85%
1999 -1.94% 2.34%
1998 1.45% 2.57%
1997 3.97% 2.34%

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

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

Over the past 28 years, Gabon has recorded an average annual inflation rate of 2.03%, compared with 2.17% in Portugal. In 2024, inflation was 1.17% in Gabon and 2.42% in Portugal.

Top exports between countries

Gabon
Export category Export value
Metals $5.98M
Wood & paper products $2.24M
Machinery & equipment $758K
Raw materials & minerals $235K
Textiles & consumer goods $7K
Chemicals & pharma $2K
Precious metals & jewellery $2K
Portugal
Export category Export value
Raw materials & minerals $6.58M
Chemicals & pharma $2.45M
Wood & paper products $2.18M
Animal & marine products $2.16M
Machinery & equipment $2.06M
Processed food, beverages & tobacco $1.31M
Textiles & consumer goods $714K
Metals $279K
Raw agricultural goods $25K
Miscellaneous $15K

Balance of trade

Gabon Portugal
Current account balance
$141M
2015
$6.51B
2024
Current account balance ranking
66/190
2015
28/190
2024
Current account balance, % of GDP
+0.98%
2015
+2.08%
2024
Goods imports
$3.17B
2015
$109B
2024
Goods exports
$5.11B
2015
$81.4B
2024
Service imports
$1.88B
2015
$27.9B
2024
Service exports
$277M
2015
$62.7B
2024
Imports of goods and services, % of GDP
27.5%
2024
43.9%
2024
Exports of goods and services, % of GDP
64.6%
2024
45.8%
2024

Economic freedom indices

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

Gabon Portugal
Economic freedom 56.6 71.2
Economic freedom ranking 120/197 33/197
Property rights 30 88.9
Government integrity 22.6 63.4
Judicial effectiveness 19.9 90.1
Tax burden 76.5 60.6
Government spending 85.5 44.6
Fiscal health 87.9 82
Business freedom 63.6 83.1
Labor freedom 55.4 54.8
Monetary freedom 80.9 77.7
Trade freedom 57.4 79.4
Investment freedom 60 70
Financial freedom 40 60

Economic freedom comparison by year

Gabon
Portugal
1x
Year Economic freedom index
Gabon Portugal
2026 56.6 71.2
2025 56.3 70.5
2024 56.9 68.7
2023 56.1 69.5
2022 55.8 70.8
2021 58.1 67.5
2020 56.7 67
2019 56.3 65.3
2018 58 63.4
2017 58.6 62.6
2016 59 65.1
2015 58.3 65.3
2014 57.8 63.5
2013 57.8 63.1
2012 56.4 63
2011 56.7 64
2010 55.4 64.4
2009 55 64.9
2008 54.2 63.9
2007 54.8 64
2006 56.1 62.9
2005 54.8 62.4
2004 57.1 64.9
2003 58.7 64.9
2002 58 65.4
2001 55 66
2000 58.2 65.5
1999 60.5 65.6
1998 59.2 65
1997 58.8 63.6
1996 55.7 64.5
1995 57.5 62.4

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

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

The Economic Freedom Index for Gabon is 56.6, ranking 120/197, compared to 71.2 for Portugal, ranking 33/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Gabon Portugal
Services, % of GDP
36.8%
2024
66.3%
2024
Industry, % of GDP
52.9%
2024
18.7%
2024
Agriculture, forestry, and fishing, % of GDP
6.56%
2024
2.02%
2024
GNI, Atlas method
$19.8B
2024
$288B
2024
GNI per capita, PPP
$20,400
2024
$50,730
2024
Total reserves including gold
$1.45B
2023
$42.4B
2024
Total reserves ranking
136/177
2023
48/177
2024
Net foreign direct investment
-$25.3M
2015
-$6.64B
2024
Net inflows of foreign direct investment
$1.14B
2024
$13.5B
2024
Net outflows of foreign direct investment
-$33.8M
2019
$6.84B
2024
Servicing debt to the IMF, % of GNI
5.67%
2024
n/a
Poverty at national poverty lines
33.4%
2017
16.4%
2021
Gross capital formation, % of GDP
19.1%
2024
20.4%
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/portugal | 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)
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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.