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Economy of Gabon vs Saint Lucia compared: GDP & Debt

Updated on by Georank team

Gabon has a GDP of $20.9B compared to $2.55B for Saint Lucia, ranking 127/197 and 173/197 by economy size, respectively.

Gabon has $15.2B in government debt (72.7% of GDP), compared to $1.97B (77.2% of GDP) in Saint Lucia.

Gabon vs Saint Lucia GDP by year

Gabon
Saint Lucia
1x
Year GDP, current $
Gabon Saint Lucia
2024 $20,895,684,426 $2,549,062,963
2023 $19,388,372,071 $2,430,166,667
2022 $20,440,655,695 $2,342,714,815
2021 $19,444,935,097 $1,867,185,185
2020 $15,342,236,164 $1,499,274,074
2019 $16,874,405,465 $2,095,344,444
2018 $16,867,326,402 $2,060,955,556
2017 $14,929,487,485 $1,998,503,704
2016 $14,023,890,265 $1,868,544,444
2015 $14,383,107,763 $1,807,640,741
2014 $18,203,966,896 $1,749,185,185
2013 $17,595,744,798 $1,660,392,593
2012 $17,170,464,016 $1,598,207,407
2011 $18,210,307,744 $1,568,370,370
2010 $14,372,593,020 $1,482,385,185
2009 $12,113,699,068 $1,401,507,889
2008 $15,571,348,344 $1,437,731,111
2007 $12,455,409,587 $1,336,088,815
2006 $10,327,598,306 $1,268,319,185
2005 $9,582,783,991 $1,135,555,556
2004 $7,770,219,008 $1,066,666,667
2003 $6,511,903,365 $987,407,407
2002 $5,335,451,100 $900,000,000
2001 $5,023,265,413 $892,592,593
2000 $5,080,483,629 $932,592,593
1999 $4,662,992,036 $921,851,852
1998 $4,483,417,310 $877,407,407
1997 $5,326,817,115 $805,925,926
1996 $5,694,040,003 $788,888,889
1995 $4,958,845,648 $762,962,963
1994 $4,190,819,344 $713,703,704
1993 $4,378,645,081 $684,814,815
1992 $5,592,390,827 $674,074,074
1991 $5,402,919,785 $613,703,704
1990 $5,952,293,765 $579,629,630
1989 $4,186,411,464 $486,666,667
1988 $3,834,503,376 $429,629,630
1987 $3,281,797,043 $375,555,556
1986 $3,403,638,189 $340,000,000
1985 $3,339,914,757 $284,444,444
1984 $3,561,451,561 $251,481,481
1983 $3,391,275,732 $197,037,037
1982 $3,618,007,841 $183,333,333
1981 $3,862,269,121 $194,444,444
1980 $4,279,637,942 $170,370,370
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/saint-lucia | CC BY

GDP per capita in Gabon vs Saint Lucia by year

Gabon
GDP per capita

GDP per capita, PPP
Saint Lucia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Gabon Saint Lucia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $8,230 $21,510 $14,182 $27,567
2023 $7,803 $20,756 $13,555 $25,975
2022 $8,409 $19,993 $13,104 $24,599
2021 $8,181 $18,524 $10,459 $19,101
2020 $6,606 $14,477 $8,411 $14,912
2019 $7,441 $15,950 $11,794 $18,710
2018 $7,624 $15,432 $11,643 $17,433
2017 $6,922 $14,797 $11,333 $16,131
2016 $6,677 $13,998 $10,638 $15,307
2015 $7,047 $14,306 $10,335 $14,353
2014 $9,201 $14,854 $10,045 $14,403
2013 $9,198 $14,498 $9,577 $14,010
2012 $9,297 $14,620 $9,260 $13,443
2011 $10,219 $14,784 $9,129 $13,471
2010 $8,357 $14,015 $8,674 $12,718
2009 $7,291 $13,384 $8,251 $12,600
2008 $9,689 $13,734 $8,517 $12,969
2007 $8,004 $14,391 $7,964 $12,199
2006 $6,847 $13,637 $7,611 $11,758
2005 $6,548 $14,028 $6,863 $10,818
2004 $5,466 $13,638 $6,495 $10,610
2003 $4,711 $13,564 $6,059 $9,707
2002 $3,966 $13,369 $5,568 $9,205
2001 $3,836 $13,556 $5,570 $9,106
2000 $3,983 $13,326 $5,880 $9,314
1999 $3,751 $13,629 $5,883 $9,214
1998 $3,700 $15,138 $5,673 $8,965
1997 $4,509 $14,837 $5,282 $8,456
1996 $4,943 $14,147 $5,244 $8,490
1995 $4,415 $13,750 $5,148 $8,222
1994 $3,828 $13,164 $4,892 $8,041
1993 $4,106 $12,757 $4,765 $7,865
1992 $5,386 $12,312 $4,760 $7,753
1991 $5,345 $12,760 $4,399 $7,127
1990 $6,051 $11,952 $4,205 $6,951
1989 $4,374 - $3,565 -
1988 $4,119 - $3,182 -
1987 $3,624 - $2,819 -
1986 $3,865 - $2,591 -
1985 $3,898 - $2,202 -
1984 $4,273 - $1,979 -
1983 $4,182 - $1,576 -
1982 $4,584 - $1,489 -
1981 $5,026 - $1,605 -
1980 $5,718 - $1,428 -
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/saint-lucia | CC BY

Gabon's GDP per capita is $8,230, ranking 93/197, compared to $14,182 in Saint Lucia, ranking 70/197. Adjusted for purchasing power (GDP per capita PPP), Gabon ranks 90th at $21,510, while Saint Lucia ranks 75th at $27,567.

Economic indicators

Gabon Saint Lucia
Gross domestic product
$20.9B
2024
$2.55B
2024
GDP rank
127/197
2024
173/197
2024
GDP growth
3.39%
2023-2024
3.89%
2023-2024
GDP per capita
$8,230
2024
$14,182
2024
GDP per capita rank
93/197
2024
70/197
2024
GDP per capita, PPP
$21,510
2024
$27,567
2024
GDP per capita PPP rank
90/197
2024
75/197
2024
Government debt
$15.2B
2024
$1.97B
2024
Debt-to-GDP ratio
72.7%
2024
77.2%
2024
Government debt per person
$5,985
2024
$10,952
2024
Government debt per person rank
75/185
2024
52/185
2024
Average annual personal income after taxes
$5,368
2026
$10,412
2026
Income share by richest 10%
27.7%
2017
34.1%
2015
Income share by poorest 10%
2.2%
2017
2.1%
2015
Government expenditure, % of GDP
24.8%
2024
24.5%
2024
Consumer prices inflation
1.17%
2023-2024
-0.11%
2023-2024
Unemployment rate
20.4%
2010
10.1%
2024
Population
2663339
180638

Spending and national debt comparison by year

Gabon
Spending

Debt
Saint Lucia
Spending

Debt
1x
Year % of GDP
Gabon Saint Lucia
Government spending Government debt Government spending Government debt
2024 24.8% 72.7% 24.5% 77.2%
2023 21.5% 70.6% 25.6% 76.6%
2022 19.7% 65.6% 23% 74.4%
2021 17.3% 72.9% 27.4% 87%
2020 19.8% 83% 34.9% 100%
2019 17.4% 59.8% 25.1% 62.1%
2018 17.1% 62.3% 23.2% 60.5%
2017 18.1% 62.9% 23.3% 60.4%
2016 21.8% 64.5% 23% 61.3%
2015 22.3% 44.7% 23.7% 61.1%
2014 23.8% 34.1% 23.6% 62.4%
2013 34.7% 31.1% 25.4% 62.1%
2012 23.9% 21.4% 28% 60.8%
2011 22.1% 21.4% 27% 55.2%
2010 23.1% 21.3% 26% 53%
2009 22.6% 26% 24.5% 51%
2008 18.9% 20.1% 22.2% 46.7%
2007 19.4% 39.2% 22.6% 49.1%
2006 21.1% 34.9% 24.7% 48.6%
2005 20.8% 41.7% 26% 51.9%
2004 20.9% 60.3% 22.9% 49.6%
2003 21.2% 70.2% 22.9% 45.6%
2002 25.7% 81.1% 23.6% 48.8%
2001 27.8% 81% 22.1% 38.1%
2000 20.3% 72.5% 20.7% 32.5%
1999 25.5% 73.1% 20.9% 28.9%
1998 45.5% 87.6% 18.8% 29.4%
1997 29.7% 57% 19.5% 27.2%
1996 22.2% 64.5% 18.9% 24.1%
1995 25.1% 73.4% 19.2% 22.9%
1994 23.9% 71.3% 19.1% 23.8%
1993 26.9% 90.1% 21.8% 22.9%
1992 26.5% 87.9% 18.4% 22.2%
1991 25.1% 89.3% 18.4% 19.8%
1990 22.6% 90% 16.7% 17%
1989 - - 19% 18.1%
1988 - - 18.2% 18.6%
1987 - - 19.9% 19.6%
1986 - - 21.1% 17.2%
1985 - - 20.4% 17.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/gabon/saint-lucia | CC BY

In 2024, Gabon's government spending was $5.18B, accounting for 24.8% of its GDP, while Saint Lucia spent $625M, or 24.5% of GDP.

Debt-to-GDP ratio is 72.7% in Gabon and 77.2% in Saint Lucia, ranking 51/185 and 46/185, respectively.

Government deficit by year

Deficit/surplus
Gabon

Saint Lucia
1x
Year Deficit/surplus, % of GDP
Gabon Saint Lucia
2024 -3.84% -2.13%
2023 1.79% -3.09%
2022 -0.89% -1.67%
2021 -1.93% -5.1%
2020 -2.19% -12%
2019 2.13% -3.51%
2018 -0.21% -1.03%
2017 -1.7% -1.14%
2016 -4.71% -0.79%
2015 -1.12% -2.35%
2014 5.98% -3.08%
2013 -3.07% -4.84%
2012 6.2% -7.62%
2011 1.41% -5.38%
2010 2.7% -4.17%
2009 6.77% -2.67%
2008 11% -0.72%
2007 8.06% -1.62%
2006 8.67% -5.07%
2005 7.98% -6.18%
2004 6.99% -2.63%
2003 7.75% -3.23%
2002 3.72% -3.1%
2001 4.07% -3.08%
2000 11.1% -1.16%
1999 1.11% 1.62%
1998 -13.1% 2.25%
1997 1.41% -1.13%
1996 2.12% -0.58%
1995 2.64% -0.13%
1994 -1.53% -0.02%
1993 -5.35% -0.26%
1992 -4.9% -0.66%
1991 -2.03% -0.43%
1990 -3.83% 0.29%
1989 - 0.89%
1988 - 2.02%
1987 - 0.56%
1986 - -1.61%
1985 - -1.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/gabon/saint-lucia | 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 Saint Lucia's deficit of $54.2M, or 2.13% of GDP.

Over the past 35 years, Gabon recorded a fiscal deficit in 15 of those years, while Saint Lucia ran a deficit in 32 years. On average, Gabon posted an annual surplus equal to 1.52% of GDP, compared to deficit of 2.47% of GDP for Saint Lucia.

Inflation comparison by year

Inflation
Gabon

Saint Lucia
1x
Year Consumer prices inflation
Gabon Saint Lucia
2024 1.17% -0.11%
2023 3.63% 4.07%
2022 4.23% 6.38%
2021 1.09% 2.41%
2020 1.35% -1.76%
2019 2.46% 0.54%
2018 4.75% 1.94%
2017 2.65% 0.1%
2016 2.11% -3.08%
2015 -0.34% -0.98%
2014 4.69% 3.52%
2013 0.51% 1.47%
2012 2.65% 4.18%
2011 1.26% 2.77%
2010 1.46% 3.25%
2009 1.89% -0.16%
2008 5.26% 5.55%
2007 5.03% 2.82%
2006 -1.41% 2.4%
2005 3.71% 3.9%
2004 0.41% 1.46%
2003 2.24% 1.03%
2002 0.04% -0.26%
2001 2.14% 5.31%
2000 0.5% 3.71%
1999 -1.94% 3.5%
1998 1.45% 3.2%
1997 3.97% -0.006%

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

GeoRank.org/economy/gabon/saint-lucia | CC BY

Over the past 28 years, Gabon has recorded an average annual inflation rate of 2.03%, compared with 2.04% in Saint Lucia. In 2024, inflation was 1.17% in Gabon and -0.11% in Saint Lucia.

Balance of trade

Gabon Saint Lucia
Current account balance
$141M
2015
-$64.1M
2024
Current account balance ranking
66/190
2015
86/190
2024
Current account balance, % of GDP
+0.98%
2015
-2.52%
2024
Goods imports
$3.17B
2015
$848M
2024
Goods exports
$5.11B
2015
$137M
2024
Service imports
$1.88B
2015
$598M
2024
Service exports
$277M
2015
$1.46B
2024
Imports of goods and services, % of GDP
27.5%
2024
n/a
Exports of goods and services, % of GDP
64.6%
2024
19%
2025

Economic freedom indices

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

Gabon Saint Lucia
Economic freedom 56.6 67.5
Economic freedom ranking 120/197 57/197
Property rights 30 64.3
Government integrity 22.6 59.7
Judicial effectiveness 19.9 77.3
Tax burden 76.5 77.7
Government spending 85.5 82.6
Fiscal health 87.9 80
Business freedom 63.6 71.9
Labor freedom 55.4 65.2
Monetary freedom 80.9 81
Trade freedom 57.4 60
Investment freedom 60 50
Financial freedom 40 40

Economic freedom comparison by year

Gabon
Saint Lucia
1x
Year Economic freedom index
Gabon Saint Lucia
2026 56.6 67.5
2025 56.3 67
2024 56.9 62.2
2023 56.1 60.7
2022 55.8 64.3
2021 58.1 67.5
2020 56.7 68.2
2019 56.3 68.7
2018 58 67.6
2017 58.6 65
2016 59 70
2015 58.3 70.2
2014 57.8 70.7
2013 57.8 70.4
2012 56.4 71.3
2011 56.7 70.8
2010 55.4 70.5
2009 55 68.8
2008 54.2 -
2007 54.8 -
2006 56.1 -
2005 54.8 -
2004 57.1 -
2003 58.7 -
2002 58 -
2001 55 -
2000 58.2 -
1999 60.5 -
1998 59.2 -
1997 58.8 -
1996 55.7 -
1995 57.5 -

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

GeoRank.org/economy/gabon/saint-lucia | CC BY

The Economic Freedom Index for Gabon is 56.6, ranking 120/197, compared to 67.5 for Saint Lucia, ranking 57/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Gabon Saint Lucia
Services, % of GDP
36.8%
2024
75.9%
2024
Industry, % of GDP
52.9%
2024
9.75%
2024
Agriculture, forestry, and fishing, % of GDP
6.56%
2024
1.13%
2024
GNI, Atlas method
$19.8B
2024
$2.27B
2024
GNI per capita, PPP
$20,400
2024
$24,840
2024
Total reserves including gold
$1.45B
2023
$406M
2024
Total reserves ranking
136/177
2023
162/177
2024
Net foreign direct investment
-$25.3M
2015
-$187M
2024
Net inflows of foreign direct investment
$1.14B
2024
$187M
2024
Net outflows of foreign direct investment
-$33.8M
2019
-$350K
2024
Servicing debt to the IMF, % of GNI
5.67%
2024
3.42%
2024
Poverty at national poverty lines
33.4%
2017
25%
2016
Gross capital formation, % of GDP
19.1%
2024
n/a

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/saint-lucia | 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 (1985–1989, 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.