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Economy of Gabon vs Russia compared: GDP & Debt

Updated on by Georank team

Gabon has a GDP of $20.9B compared to $2.17T for Russia, ranking 127/197 and 11/197 by economy size, respectively.

Gabon has $15.2B in government debt (72.7% of GDP), compared to $440B (20.3% of GDP) in Russia.

Gabon vs Russia GDP by year

Gabon
Russia
1x
Year GDP, current $
Gabon Russia
2024 $20,895,684,426 $2,173,835,806,672
2023 $19,388,372,071 $2,071,505,725,031
2022 $20,440,655,695 $2,291,612,121,335
2021 $19,444,935,097 $1,829,186,719,575
2020 $15,342,236,164 $1,493,075,894,362
2019 $16,874,405,465 $1,693,115,002,708
2018 $16,867,326,402 $1,657,328,773,461
2017 $14,929,487,485 $1,574,199,360,089
2016 $14,023,890,265 $1,276,786,350,881
2015 $14,383,107,763 $1,363,482,182,198
2014 $18,203,966,896 $2,059,241,589,895
2013 $17,595,744,798 $2,292,470,078,346
2012 $17,170,464,016 $2,208,293,553,878
2011 $18,210,307,744 $2,045,922,753,398
2010 $14,372,593,020 $1,524,916,715,224
2009 $12,113,699,068 $1,222,645,900,056
2008 $15,571,348,344 $1,660,848,058,303
2007 $12,455,409,587 $1,299,703,478,482
2006 $10,327,598,306 $989,932,071,353
2005 $9,582,783,991 $764,015,973,481
2004 $7,770,219,008 $591,016,690,732
2003 $6,511,903,365 $430,347,420,185
2002 $5,335,451,100 $345,470,494,418
2001 $5,023,265,413 $306,602,070,621
2000 $5,080,483,629 $259,710,142,197
1999 $4,662,992,036 $195,907,128,351
1998 $4,483,417,310 $270,955,486,862
1997 $5,326,817,115 $404,928,954,192
1996 $5,694,040,003 $391,724,890,744
1995 $4,958,845,648 $395,537,185,735
1994 $4,190,819,344 $395,077,301,248
1993 $4,378,645,081 $435,083,713,851
1992 $5,592,390,827 $460,290,556,901
1991 $5,402,919,785 $517,962,962,963
1990 $5,952,293,765 $517,014,446,228
1989 $4,186,411,464 $506,631,299,735
1988 $3,834,503,376 $554,828,660,436
1987 $3,281,797,043 -
1986 $3,403,638,189 -
1985 $3,339,914,757 -
1984 $3,561,451,561 -
1983 $3,391,275,732 -
1982 $3,618,007,841 -
1981 $3,862,269,121 -
1980 $4,279,637,942 -
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/russia | CC BY

GDP per capita in Gabon vs Russia by year

Gabon
GDP per capita

GDP per capita, PPP
Russia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Gabon Russia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $8,230 $21,510 $15,145 $47,405
2023 $7,803 $20,756 $14,403 $44,269
2022 $8,409 $19,993 $15,888 $40,939
2021 $8,181 $18,524 $12,637 $38,638
2020 $6,606 $14,477 $10,280 $31,491
2019 $7,441 $15,950 $11,640 $30,964
2018 $7,624 $15,432 $11,399 $28,629
2017 $6,922 $14,797 $10,835 $25,778
2016 $6,677 $13,998 $8,804 $24,012
2015 $7,047 $14,306 $9,427 $23,994
2014 $9,201 $14,854 $14,277 $25,688
2013 $9,198 $14,498 $15,941 $26,020
2012 $9,297 $14,620 $15,402 $24,274
2011 $10,219 $14,784 $14,305 $22,790
2010 $8,357 $14,015 $10,675 $20,490
2009 $7,291 $13,384 $8,563 $19,390
2008 $9,689 $13,734 $11,635 $20,164
2007 $8,004 $14,391 $9,101 $16,648
2006 $6,847 $13,637 $6,920 $14,912
2005 $6,548 $14,028 $5,323 $11,822
2004 $5,466 $13,638 $4,102 $10,227
2003 $4,711 $13,564 $2,975 $9,255
2002 $3,966 $13,369 $2,378 $8,037
2001 $3,836 $13,556 $2,100 $7,361
2000 $3,983 $13,326 $1,772 $6,825
1999 $3,751 $13,629 $1,331 $5,914
1998 $3,700 $15,138 $1,835 $5,465
1997 $4,509 $14,837 $2,738 $5,700
1996 $4,943 $14,147 $2,644 $5,518
1995 $4,415 $13,750 $2,666 $5,613
1994 $3,828 $13,164 $2,662 $5,734
1993 $4,106 $12,757 $2,931 $6,420
1992 $5,386 $12,312 $3,099 $6,862
1991 $5,345 $12,760 $3,490 $7,858
1990 $6,051 $11,952 $3,494 $8,028
1989 $4,374 - $3,430 -
1988 $4,119 - $3,778 -
1987 $3,624 - - -
1986 $3,865 - - -
1985 $3,898 - - -
1984 $4,273 - - -
1983 $4,182 - - -
1982 $4,584 - - -
1981 $5,026 - - -
1980 $5,718 - - -
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/russia | CC BY

Gabon's GDP per capita is $8,230, ranking 93/197, compared to $15,145 in Russia, ranking 68/197. Adjusted for purchasing power (GDP per capita PPP), Gabon ranks 90th at $21,510, while Russia ranks 50th at $47,405.

Economic indicators

Gabon Russia
Gross domestic product
$20.9B
2024
$2.17T
2024
GDP rank
127/197
2024
11/197
2024
GDP growth
3.39%
2023-2024
4.34%
2023-2024
GDP per capita
$8,230
2024
$15,145
2024
GDP per capita rank
93/197
2024
68/197
2024
GDP per capita, PPP
$21,510
2024
$47,405
2024
GDP per capita PPP rank
90/197
2024
50/197
2024
Government debt
$15.2B
2024
$440B
2024
Debt-to-GDP ratio
72.7%
2024
20.3%
2024
Government debt per person
$5,985
2024
$3,067
2024
Government debt per person rank
75/185
2024
98/185
2024
Average annual personal income after taxes
$5,368
2026
$10,464
2026
Market capitalization of domestic companies n/a
$650B
2023
Number of millionaires n/a
426,000
2025
Number of billionaires n/a
140
2025
Income share by richest 10%
27.7%
2017
25.1%
2023
Income share by poorest 10%
2.2%
2017
3.1%
2023
Government expenditure, % of GDP
24.8%
2024
36.9%
2024
Consumer prices inflation
1.17%
2023-2024
8.4%
2023-2024
Central bank interest rate n/a
16%
2025
Unemployment rate
20.4%
2010
2.43%
2024
Population
2663339
141906741

Spending and national debt comparison by year

Gabon
Spending

Debt
Russia
Spending

Debt
1x
Year % of GDP
Gabon Russia
Government spending Government debt Government spending Government debt
2024 24.8% 72.7% 36.9% 20.3%
2023 21.5% 70.6% 35.7% 19.5%
2022 19.7% 65.6% 35.2% 18.5%
2021 17.3% 72.9% 34.9% 16.5%
2020 19.8% 83% 39.2% 19.2%
2019 17.4% 59.8% 33.8% 13.7%
2018 17.1% 62.3% 32.6% 13.6%
2017 18.1% 62.9% 34.8% 14.3%
2016 21.8% 64.5% 36.6% 14.8%
2015 22.3% 44.7% 35.3% 15.3%
2014 23.8% 34.1% 34.9% 15.1%
2013 34.7% 31.1% 34.7% 12.3%
2012 23.9% 21.4% 34% 11.2%
2011 22.1% 21.4% 33.3% 10.3%
2010 23.1% 21.3% 35.5% 10.1%
2009 22.6% 26% 38.6% 9.92%
2008 18.9% 20.1% 32% 7.45%
2007 19.4% 39.2% 31.9% 8.03%
2006 21.1% 34.9% 29% 9.8%
2005 20.8% 41.7% 29.5% 14.9%
2004 20.9% 60.3% 29.6% 20.8%
2003 21.2% 70.2% 32.6% 28.3%
2002 25.7% 81.1% 33.8% 37.6%
2001 27.8% 81% 31.5% 44.4%
2000 20.3% 72.5% 30.7% 55.9%
1999 25.5% 73.1% 34.3% 92.4%
1998 45.5% 87.6% 39.7% 135.2%
1997 29.7% 57% - 51.5%
1996 22.2% 64.5% - 51.9%
1995 25.1% 73.4% - 53.7%
1994 23.9% 71.3% - 63.5%
1993 26.9% 90.1% - 92.4%
1992 26.5% 87.9% - 116%
1991 25.1% 89.3% - -
1990 22.6% 90% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1992–1996, retrieved 2026-02-20).

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

In 2024, Gabon's government spending was $5.18B, accounting for 24.8% of its GDP, while Russia spent $802B, or 36.9% of GDP.

Debt-to-GDP ratio is 72.7% in Gabon and 20.3% in Russia, ranking 51/185 and 175/185, respectively.

Government deficit by year

Deficit/surplus
Gabon

Russia
1x
Year Deficit/surplus, % of GDP
Gabon Russia
2024 -3.84% -1.6%
2023 1.79% -2.22%
2022 -0.89% -1.34%
2021 -1.93% 0.78%
2020 -2.19% -3.99%
2019 2.13% 1.93%
2018 -0.21% 2.92%
2017 -1.7% -1.47%
2016 -4.71% -3.67%
2015 -1.12% -3.39%
2014 5.98% -1.07%
2013 -3.07% -1.16%
2012 6.2% 0.38%
2011 1.41% 1.43%
2010 2.7% -3.19%
2009 6.77% -5.89%
2008 11% 4.55%
2007 8.06% 5.59%
2006 8.67% 7.8%
2005 7.98% 7.6%
2004 6.99% 4.57%
2003 7.75% 1.35%
2002 3.72% 0.67%
2001 4.07% 2.99%
2000 11.1% 3.11%
1999 1.11% -3.59%
1998 -13.1% -7.42%
1997 1.41% -
1996 2.12% -
1995 2.64% -
1994 -1.53% -
1993 -5.35% -
1992 -4.9% -
1991 -2.03% -
1990 -3.83% -
1989 - -
1988 - -
1987 - -
1986 - -
1985 - -
1984 - -
1983 - -
1982 - -
1981 - -
1980 - -
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 - -
1967 - -
1966 - -
1965 - -
1964 - -
1963 - -
1962 - -
1961 - -
1960 - -
1959 - -
1958 - -
1957 - -
1956 - -
1955 - -
1954 - -
1953 - -
1952 - -
1951 - -
1950 - -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - 0.15%
1939 - 0.12%
1938 - 0.16%
1937 - 0.12%
1936 - 0.1%
1935 - 0.07%
1934 - 0.25%
1933 - 0.58%
1932 - 0.06%
1931 - -1.12%
1930 - -1.62%
1929 - -0.4%
1928 - -0.4%
1927 - -
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -
1912 - 0.69%
1911 - 1.26%
1910 - 1.52%
1909 - -0.15%
1908 - -0.83%
1907 - -0.86%
1906 - -3.19%
1905 - -7.72%
1904 - -5.13%
1903 - 1.04%
1902 - -1.57%
1901 - 0.14%
1900 - -0.36%
1899 - 0.66%
1898 - 0.03%
1897 - 0.34%
1896 - 1.3%
1895 - 0.7%
1894 - 1.43%
1893 - 0.63%
1892 - -1.16%
1891 - -0.97%
1890 - 0.01%
1889 - 1.34%
1888 - 0.88%
1887 - 0.14%
1886 - -0.84%
1885 - -0.75%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1885–1940, retrieved 2026-02-20).

GeoRank.org/economy/gabon/russia | 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 Russia's deficit of $34.9B, or 1.6% of GDP.

Over the past 27 years, Gabon recorded a fiscal deficit in 10 of those years, while Russia ran a deficit in 13 years. On average, Gabon posted an annual surplus equal to 2.4% of GDP, compared to surplus of 0.21% of GDP for Russia.

Inflation comparison by year

Inflation
Gabon

Russia
1x
Year Consumer prices inflation
Gabon Russia
2024 1.17% 8.4%
2023 3.63% 5.9%
2022 4.23% 13.7%
2021 1.09% 6.7%
2020 1.35% 3.4%
2019 2.46% 4.5%
2018 4.75% 2.9%
2017 2.65% 3.7%
2016 2.11% 7%
2015 -0.34% 15.5%
2014 4.69% 7.8%
2013 0.51% 6.8%
2012 2.65% 5.1%
2011 1.26% 8.4%
2010 1.46% 6.8%
2009 1.89% 11.6%
2008 5.26% 14.1%
2007 5.03% 9%
2006 -1.41% 9.7%
2005 3.71% 12.7%
2004 0.41% 10.9%
2003 2.24% 13.7%
2002 0.04% 15.8%
2001 2.14% 21.5%
2000 0.5% 20.8%
1999 -1.94% 85.7%
1998 1.45% 27.7%
1997 3.97% 14.8%

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/russia | CC BY

Over the past 28 years, Gabon has recorded an average annual inflation rate of 2.03%, compared with 13.4% in Russia. In 2024, inflation was 1.17% in Gabon and 8.4% in Russia.

Top exports between countries

Gabon
Export category Export value
Raw materials & minerals $7.46M
Miscellaneous $23K
Metals $3K
Machinery & equipment $1K
Russia
Export category Export value
Raw agricultural goods $8.43M
Animal & marine products $2.41M
Machinery & equipment $1.39M
Raw materials & minerals $609K
Chemicals & pharma $241K
Metals $63K
Textiles & consumer goods $47K
Wood & paper products $28K
Business & finance services $27K
Transport & tourism services $25K

Balance of trade

Gabon Russia
Current account balance
$141M
2015
$63.4B
2024
Current account balance ranking
66/190
2015
12/190
2024
Current account balance, % of GDP
+0.98%
2015
+2.91%
2024
Goods imports
$3.17B
2015
$302B
2024
Goods exports
$5.11B
2015
$434B
2024
Service imports
$1.88B
2015
$81.5B
2024
Service exports
$277M
2015
$43.1B
2024
Imports of goods and services, % of GDP
27.5%
2024
17.6%
2024
Exports of goods and services, % of GDP
64.6%
2024
21.9%
2024

Economic freedom indices

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

Gabon Russia
Economic freedom 56.6 50.3
Economic freedom ranking 120/197 161/197
Property rights 30 18.6
Government integrity 22.6 22.8
Judicial effectiveness 19.9 22.8
Tax burden 76.5 81.9
Government spending 85.5 61.3
Fiscal health 87.9 94.4
Business freedom 63.6 51.4
Labor freedom 55.4 59.1
Monetary freedom 80.9 61.8
Trade freedom 57.4 69.4
Investment freedom 60 30
Financial freedom 40 30

Economic freedom comparison by year

Gabon
Russia
1x
Year Economic freedom index
Gabon Russia
2026 56.6 50.3
2025 56.3 51.6
2024 56.9 52
2023 56.1 53.8
2022 55.8 56.1
2021 58.1 61.5
2020 56.7 61
2019 56.3 58.9
2018 58 58.2
2017 58.6 57.1
2016 59 50.6
2015 58.3 52.1
2014 57.8 51.9
2013 57.8 51.1
2012 56.4 50.5
2011 56.7 50.5
2010 55.4 50.3
2009 55 50.8
2008 54.2 49.8
2007 54.8 52.2
2006 56.1 52.4
2005 54.8 51.3
2004 57.1 52.8
2003 58.7 50.8
2002 58 48.7
2001 55 49.8
2000 58.2 51.8
1999 60.5 54.5
1998 59.2 52.8
1997 58.8 48.6
1996 55.7 51.6
1995 57.5 51.1

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

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

The Economic Freedom Index for Gabon is 56.6, ranking 120/197, compared to 50.3 for Russia, ranking 161/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Gabon Russia
Services, % of GDP
36.8%
2024
57.5%
2024
Industry, % of GDP
52.9%
2024
30.7%
2024
Agriculture, forestry, and fishing, % of GDP
6.56%
2024
2.74%
2024
GNI, Atlas method
$19.8B
2024
$2.24T
2024
GNI per capita, PPP
$20,400
2024
$46,780
2024
Total reserves including gold
$1.45B
2023
$597B
2023
Total reserves ranking
136/177
2023
6/177
2023
Net foreign direct investment
-$25.3M
2015
$9.37B
2024
Net inflows of foreign direct investment
$1.14B
2024
-$9.35B
2024
Net outflows of foreign direct investment
-$33.8M
2019
-$170M
2024
Servicing debt to the IMF, % of GNI
5.67%
2024
2.65%
2024
Poverty at national poverty lines
33.4%
2017
12.1%
2020
Gross capital formation, % of GDP
19.1%
2024
26.3%
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/russia | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1885–1996, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2023, 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.