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Economy of Gabon vs Seychelles compared: GDP & Debt

Updated on by Georank team

Gabon has a GDP of $20.9B compared to $2.17B for the Seychelles, ranking 127/197 and 178/197 by economy size, respectively.

Gabon has $15.2B in government debt (72.7% of GDP), compared to $1.25B (57.6% of GDP) in the Seychelles.

Gabon vs Seychelles GDP by year

Gabon
Seychelles
1x
Year GDP, current $
Gabon Seychelles
2024 $20,895,684,426 $2,167,239,562
2023 $19,388,372,071 $2,187,379,755
2022 $20,440,655,695 $2,018,346,589
2021 $19,444,935,097 $1,487,173,795
2020 $15,342,236,164 $1,382,551,752
2019 $16,874,405,465 $1,868,690,097
2018 $16,867,326,402 $1,784,313,927
2017 $14,929,487,485 $1,675,370,641
2016 $14,023,890,265 $1,568,513,348
2015 $14,383,107,763 $1,432,403,352
2014 $18,203,966,896 $1,387,577,870
2013 $17,595,744,798 $1,333,160,407
2012 $17,170,464,016 $1,089,407,839
2011 $18,210,307,744 $1,058,918,707
2010 $14,372,593,020 $981,616,542
2009 $12,113,699,068 $850,901,620
2008 $15,571,348,344 $979,597,394
2007 $12,455,409,587 $1,077,308,814
2006 $10,327,598,306 $1,081,441,283
2005 $9,582,783,991 $977,899,382
2004 $7,770,219,008 $893,012,218
2003 $6,511,903,365 $750,847,230
2002 $5,335,451,100 $742,134,838
2001 $5,023,265,413 $662,064,156
2000 $5,080,483,629 $654,212,394
1999 $4,662,992,036 $662,838,615
1998 $4,483,417,310 $647,287,376
1997 $5,326,817,115 $598,966,982
1996 $5,694,040,003 $535,250,347
1995 $4,958,845,648 $540,733,048
1994 $4,190,819,344 $517,570,058
1993 $4,378,645,081 $504,230,621
1992 $5,592,390,827 $461,409,399
1991 $5,402,919,785 $398,307,170
1990 $5,952,293,765 $392,163,561
1989 $4,186,411,464 $324,333,367
1988 $3,834,503,376 $301,985,618
1987 $3,281,797,043 $265,212,957
1986 $3,403,638,189 $221,147,061
1985 $3,339,914,757 $179,691,483
1984 $3,561,451,561 $160,992,921
1983 $3,391,275,732 $156,098,237
1982 $3,618,007,841 $157,211,790
1981 $3,862,269,121 $163,750,728
1980 $4,279,637,942 $156,783,830
1979 $3,030,251,120 $127,261,099
1978 $2,389,479,272 $85,552,366
1977 $2,809,349,069 $64,526,401
1976 $3,009,409,974 $49,278,982
1975 $2,157,592,940 $47,803,146
1974 $1,544,216,002 $43,134,496
1973 $722,780,701 $36,896,280
1972 $430,508,359 $30,645,123
1971 $381,687,073 $21,965,951
1970 $323,802,476 $18,432,032
1969 $318,124,701 $16,452,028
1968 $294,468,564 $16,074,028
1967 $271,543,680 $16,632,032
1966 $245,849,781 $16,443,034
1965 $226,474,286 $15,603,032
1964 $215,679,855 $15,393,032
1963 $154,480,244 $13,923,029
1962 $182,796,536 $12,642,026
1961 $167,637,907 $11,592,024
1960 $141,468,978 $12,012,025

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

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

GDP per capita in Gabon vs Seychelles by year

Gabon
GDP per capita

GDP per capita, PPP
Seychelles
GDP per capita

GDP per capita, PPP
1x
Year Current $
Gabon Seychelles
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $8,230 $21,510 $17,859 $33,239
2023 $7,803 $20,756 $18,263 $31,781
2022 $8,409 $19,993 $16,837 $29,973
2021 $8,181 $18,524 $14,983 $29,980
2020 $6,606 $14,477 $14,041 $31,056
2019 $7,441 $15,950 $19,142 $34,219
2018 $7,624 $15,432 $18,440 $32,091
2017 $6,922 $14,797 $17,480 $30,675
2016 $6,677 $13,998 $16,567 $28,811
2015 $7,047 $14,306 $15,333 $25,435
2014 $9,201 $14,854 $15,188 $24,985
2013 $9,198 $14,498 $14,821 $22,487
2012 $9,297 $14,620 $12,337 $22,264
2011 $10,219 $14,784 $12,110 $21,781
2010 $8,357 $14,015 $10,935 $18,982
2009 $7,291 $13,384 $9,747 $18,453
2008 $9,689 $13,734 $11,265 $18,881
2007 $8,004 $14,391 $12,669 $19,473
2006 $6,847 $13,637 $12,783 $17,503
2005 $6,548 $14,028 $11,802 $15,846
2004 $5,466 $13,638 $10,828 $14,160
2003 $4,711 $13,564 $9,070 $14,142
2002 $3,966 $13,369 $8,864 $14,570
2001 $3,836 $13,556 $8,153 $14,615
2000 $3,983 $13,326 $8,064 $14,638
1999 $3,751 $13,629 $8,243 $13,853
1998 $3,700 $15,138 $8,210 $13,675
1997 $4,509 $14,837 $7,747 $13,458
1996 $4,943 $14,147 $7,004 $11,931
1995 $4,415 $13,750 $7,181 $10,809
1994 $3,828 $13,164 $6,975 $10,692
1993 $4,106 $12,757 $6,979 $11,020
1992 $5,386 $12,312 $6,520 $10,243
1991 $5,345 $12,760 $5,655 $9,387
1990 $6,051 $11,952 $5,642 $8,955
1989 $4,374 - $4,689 -
1988 $4,119 - $4,392 -
1987 $3,624 - $3,872 -
1986 $3,865 - $3,368 -
1985 $3,898 - $2,754 -
1984 $4,273 - $2,488 -
1983 $4,182 - $2,426 -
1982 $4,584 - $2,441 -
1981 $5,026 - $2,557 -
1980 $5,718 - $2,478 -
1979 $4,155 - $2,030 -
1978 $3,360 - $1,377 -
1977 $4,048 - $1,044 -
1976 $4,441 - $814 -
1975 $3,258 - $806 -
1974 $2,384 - $745 -
1973 $1,140 - $649 -
1972 $693 - $547 -
1971 $627 - $402 -
1970 $543 - $344 -
1969 $545 - $314 -
1968 $515 - $314 -
1967 $482 - $333 -
1966 $443 - $338 -
1965 $415 - $328 -
1964 $400 - $332 -
1963 $290.7 - $308 -
1962 $348 - $287 -
1961 $323 - $270.3 -
1960 $276.1 - $288.1 -

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

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

Gabon's GDP per capita is $8,230, ranking 93/197, compared to $17,859 in the Seychelles, ranking 63/197. Adjusted for purchasing power (GDP per capita PPP), Gabon ranks 90th at $21,510, while the Seychelles ranks 67th at $33,239.

Economic indicators

Gabon Seychelles
Gross domestic product
$20.9B
2024
$2.17B
2024
GDP rank
127/197
2024
178/197
2024
GDP growth
3.39%
2023-2024
3.47%
2023-2024
GDP per capita
$8,230
2024
$17,859
2024
GDP per capita rank
93/197
2024
63/197
2024
GDP per capita, PPP
$21,510
2024
$33,239
2024
GDP per capita PPP rank
90/197
2024
67/197
2024
Government debt
$15.2B
2024
$1.25B
2024
Debt-to-GDP ratio
72.7%
2024
57.6%
2024
Government debt per person
$5,985
2024
$10,288
2024
Government debt per person rank
75/185
2024
57/185
2024
Average annual personal income after taxes
$5,368
2026
$10,944
2026
Market capitalization of domestic companies n/a
$811M
2024
Income share by richest 10%
27.7%
2017
23.9%
2018
Income share by poorest 10%
2.2%
2017
2.6%
2018
Government expenditure, % of GDP
24.8%
2024
33.8%
2024
Consumer prices inflation
1.17%
2023-2024
0.31%
2023-2024
Central bank interest rate n/a
1.75%
2024
Unemployment rate
20.4%
2010
2.59%
2024
Population
2663339
126311

Spending and national debt comparison by year

Gabon
Spending

Debt
Seychelles
Spending

Debt
1x
Year % of GDP
Gabon Seychelles
Government spending Government debt Government spending Government debt
2024 24.8% 72.7% 33.8% 57.6%
2023 21.5% 70.6% 32.9% 55.3%
2022 19.7% 65.6% 31.3% 60%
2021 17.3% 72.9% 38.8% 71%
2020 19.8% 83% 46.7% 77.4%
2019 17.4% 59.8% 31.7% 48.9%
2018 17.1% 62.3% 33% 51.3%
2017 18.1% 62.9% 34.3% 56.7%
2016 21.8% 64.5% 34.5% 62.8%
2015 22.3% 44.7% 31.5% 64.7%
2014 23.8% 34.1% 33.4% 70.4%
2013 34.7% 31.1% 37.8% 68.2%
2012 23.9% 21.4% 38.6% 80.1%
2011 22.1% 21.4% 36.4% 82.5%
2010 23.1% 21.3% 34.6% 82.2%
2009 22.6% 26% 32.1% 106.1%
2008 18.9% 20.1% 27% 192.1%
2007 19.4% 39.2% 41.9% 144%
2006 21.1% 34.9% 43.6% 135.1%
2005 20.8% 41.7% 39% 144.1%
2004 20.9% 60.3% 39.9% 163.2%
2003 21.2% 70.2% 44.6% 177%
2002 25.7% 81.1% 56.3% 195.9%
2001 27.8% 81% 46.8% 199.8%
2000 20.3% 72.5% 55.4% 177.8%
1999 25.5% 73.1% 56.1% 159.8%
1998 45.5% 87.6% 60.7% 161.2%
1997 29.7% 57% 54.7% 143%
1996 22.2% 64.5% 59.1% 146.7%
1995 25.1% 73.4% 53.1% 133.5%
1994 23.9% 71.3% 63.6% 123.5%
1993 26.9% 90.1% 60.4% 82.2%
1992 26.5% 87.9% 50.7% 79.9%
1991 25.1% 89.3% 52.1% 89.2%
1990 22.6% 90% 46.1% 80.4%
1989 - - 51.7% 39.9%
1988 - - 46.7% 41.3%
1987 - - 49.7% 37%
1986 - - 58% 31.5%
1985 - - 53% 26.5%
1984 - - 50.5% 15.3%
1983 - - 47.9% 12.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1983–1989, retrieved 2026-02-20).

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

In 2024, Gabon's government spending was $5.18B, accounting for 24.8% of its GDP, while the Seychelles spent $732M, or 33.8% of GDP.

Debt-to-GDP ratio is 72.7% in Gabon and 57.6% in the Seychelles, ranking 51/185 and 85/185, respectively.

Government deficit by year

Deficit/surplus
Gabon

Seychelles
1x
Year Deficit/surplus, % of GDP
Gabon Seychelles
2024 -3.84% -0.69%
2023 1.79% -1.14%
2022 -0.89% -0.76%
2021 -1.93% -5.76%
2020 -2.19% -15.7%
2019 2.13% 0.42%
2018 -0.21% -0.8%
2017 -1.7% -1.67%
2016 -4.71% 0.02%
2015 -1.12% 1.39%
2014 5.98% 2.87%
2013 -3.07% 0.33%
2012 6.2% 2.93%
2011 1.41% 3.36%
2010 2.7% 0.52%
2009 6.77% 4.84%
2008 11% 7.88%
2007 8.06% -9.93%
2006 8.67% -2.54%
2005 7.98% 0.42%
2004 6.99% 0.44%
2003 7.75% 3.4%
2002 3.72% -16.3%
2001 4.07% -8.93%
2000 11.1% -14.7%
1999 1.11% -10.3%
1998 -13.1% -16.7%
1997 1.41% -5.91%
1996 2.12% -9.69%
1995 2.64% -2.58%
1994 -1.53% -6.95%
1993 -5.35% -3.62%
1992 -4.9% 6.44%
1991 -2.03% 3.15%
1990 -3.83% 11.9%
1989 - 8.26%
1988 - 11.8%
1987 - 2.77%
1986 - -10.1%
1985 - -4.86%
1984 - -6.09%
1983 - -3.13%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1983–1989, retrieved 2026-02-20).

GeoRank.org/economy/gabon/seychelles | 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 the Seychelles' deficit of $15M, or 0.69% of GDP.

Over the past 35 years, Gabon recorded a fiscal deficit in 15 of those years, while the Seychelles ran a deficit in 19 years. On average, Gabon posted an annual surplus equal to 1.52% of GDP, compared to deficit of 2.41% of GDP for the Seychelles.

Inflation comparison by year

Inflation
Gabon

Seychelles
1x
Year Consumer prices inflation
Gabon Seychelles
2024 1.17% 0.31%
2023 3.63% -1.04%
2022 4.23% 2.63%
2021 1.09% 9.77%
2020 1.35% 1.2%
2019 2.46% 1.81%
2018 4.75% 3.7%
2017 2.65% 2.86%
2016 2.11% -1.02%
2015 -0.34% 4.04%
2014 4.69% 1.39%
2013 0.51% 4.34%
2012 2.65% 7.11%
2011 1.26% 2.56%
2010 1.46% -2.4%
2009 1.89% 31.8%
2008 5.26% 37%
2007 5.03% 5.32%
2006 -1.41% -0.35%
2005 3.71% 0.91%
2004 0.41% 3.86%
2003 2.24% 3.3%
2002 0.04% 0.18%
2001 2.14% 5.97%
2000 0.5% 6.27%
1999 -1.94% 6.35%
1998 1.45% 2.58%
1997 3.97% 0.62%

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

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

Over the past 28 years, Gabon has recorded an average annual inflation rate of 2.03%, compared with 5.03% in the Seychelles. In 2024, inflation was 1.17% in Gabon and 0.31% in the Seychelles.

Balance of trade

Gabon Seychelles
Current account balance
$141M
2015
-$176M
2024
Current account balance ranking
66/190
2015
97/190
2024
Current account balance, % of GDP
+0.98%
2015
-8.11%
2024
Goods imports
$3.17B
2015
$1.39B
2024
Goods exports
$5.11B
2015
$595M
2024
Service imports
$1.88B
2015
$1B
2024
Service exports
$277M
2015
$1.71B
2024
Imports of goods and services, % of GDP
27.5%
2024
103.2%
2024
Exports of goods and services, % of GDP
64.6%
2024
85.2%
2024

Economic freedom indices

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

Gabon Seychelles
Economic freedom 56.6 66.5
Economic freedom ranking 120/197 60/197
Property rights 30 82.6
Government integrity 22.6 71.7
Judicial effectiveness 19.9 61.7
Tax burden 76.5 77.3
Government spending 85.5 68
Fiscal health 87.9 92.2
Business freedom 63.6 71.3
Labor freedom 55.4 52
Monetary freedom 80.9 79.8
Trade freedom 57.4 81.2
Investment freedom 60 30
Financial freedom 40 30

Economic freedom comparison by year

Gabon
Seychelles
1x
Year Economic freedom index
Gabon Seychelles
2026 56.6 66.5
2025 56.3 66.4
2024 56.9 60.4
2023 56.1 59.5
2022 55.8 61.1
2021 58.1 66.3
2020 56.7 64.3
2019 56.3 61.4
2018 58 61.6
2017 58.6 61.8
2016 59 62.2
2015 58.3 57.5
2014 57.8 56.2
2013 57.8 54.9
2012 56.4 53
2011 56.7 51.2
2010 55.4 47.9
2009 55 47.8
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/seychelles | CC BY

The Economic Freedom Index for Gabon is 56.6, ranking 120/197, compared to 66.5 for the Seychelles, ranking 60/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Gabon Seychelles
Services, % of GDP
36.8%
2024
65.8%
2024
Industry, % of GDP
52.9%
2024
12.3%
2024
Agriculture, forestry, and fishing, % of GDP
6.56%
2024
2.45%
2024
GNI, Atlas method
$19.8B
2024
$2.12B
2024
GNI per capita, PPP
$20,400
2024
$32,180
2024
Total reserves including gold
$1.45B
2023
$774M
2024
Total reserves ranking
136/177
2023
145/177
2024
Net foreign direct investment
-$25.3M
2015
-$262M
2024
Net inflows of foreign direct investment
$1.14B
2024
$226M
2024
Net outflows of foreign direct investment
-$33.8M
2019
-$35.4M
2024
Servicing debt to the IMF, % of GNI
5.67%
2024
n/a
Poverty at national poverty lines
33.4%
2017
25.3%
2018
Gross capital formation, % of GDP
19.1%
2024
17.2%
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/seychelles | 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 (1983–1989, 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.