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Economy of Gabon vs Solomon Islands compared: GDP & Debt

Updated on by Georank team

Gabon has a GDP of $20.9B compared to $1.58B for the Solomon Islands, ranking 127/197 and 182/197 by economy size, respectively.

Gabon has $15.2B in government debt (72.7% of GDP), compared to $350M (22.1% of GDP) in the Solomon Islands.

Gabon vs Solomon Islands GDP by year

Gabon
Solomon Islands
1x
Year GDP, current $
Gabon Solomon Islands
2024 $20,895,684,426 $1,583,964,704
2023 $19,388,372,071 $1,506,124,566
2022 $20,440,655,695 $1,466,670,930
2021 $19,444,935,097 $1,558,312,104
2020 $15,342,236,164 $1,536,143,428
2019 $16,874,405,465 $1,619,150,564
2018 $16,867,326,402 $1,615,473,250
2017 $14,929,487,485 $1,469,790,526
2016 $14,023,890,265 $1,379,486,291
2015 $14,383,107,763 $1,307,908,814
2014 $18,203,966,896 $1,335,576,763
2013 $17,595,744,798 $1,285,905,958
2012 $17,170,464,016 $1,185,217,634
2011 $18,210,307,744 $1,063,898,227
2010 $14,372,593,020 $898,128,551
2009 $12,113,699,068 $805,557,289
2008 $15,571,348,344 $776,335,523
2007 $12,455,409,587 $695,291,218
2006 $10,327,598,306 $617,257,458
2005 $9,582,783,991 $552,881,357
2004 $7,770,219,008 $468,000,121
2003 $6,511,903,365 $417,666,639
2002 $5,335,451,100 $346,406,739
2001 $5,023,265,413 $409,508,553
2000 $5,080,483,629 $419,842,674
1999 $4,662,992,036 $488,024,514
1998 $4,483,417,310 $457,579,840
1997 $5,326,817,115 $526,554,006
1996 $5,694,040,003 $510,586,430
1995 $4,958,845,648 $469,443,202
1994 $4,190,819,344 $402,837,005
1993 $4,378,645,081 $300,746,361
1992 $5,592,390,827 $269,034,596
1991 $5,402,919,785 $227,540,473
1990 $5,952,293,765 $214,877,667
1989 $4,186,411,464 $172,882,411
1988 $3,834,503,376 $176,494,394
1987 $3,281,797,043 $155,128,542
1986 $3,403,638,189 $147,620,048
1985 $3,339,914,757 $165,524,943
1984 $3,561,451,561 $181,570,474
1983 $3,391,275,732 $181,220,399
1982 $3,618,007,841 $192,902,019
1981 $3,862,269,121 $193,750,541
1980 $4,279,637,942 $182,852,107
1979 $3,030,251,120 $151,276,496
1978 $2,389,479,272 $111,027,427
1977 $2,809,349,069 $93,145,283
1976 $3,009,409,974 $83,100,834
1975 $2,157,592,940 $74,620,320
1974 $1,544,216,002 $84,539,332
1973 $722,780,701 $55,272,109
1972 $430,508,359 $40,606,712
1971 $381,687,073 $50,056,883
1970 $323,802,476 -
1969 $318,124,701 $28,606,411
1968 $294,468,564 $28,084,253
1967 $271,543,680 $25,203,524
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/solomon-islands | CC BY

GDP per capita in Gabon vs Solomon Islands by year

Gabon
GDP per capita

GDP per capita, PPP
Solomon Islands
GDP per capita

GDP per capita, PPP
1x
Year Current $
Gabon Solomon Islands
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $8,230 $21,510 $1,934 $2,675
2023 $7,803 $20,756 $1,883 $2,597
2022 $8,409 $19,993 $1,878 $2,496
2021 $8,181 $18,524 $2,043 $2,450
2020 $6,606 $14,477 $2,063 $2,405
2019 $7,441 $15,950 $2,224 $2,512
2018 $7,624 $15,432 $2,278 $2,494
2017 $6,922 $14,797 $2,144 $2,454
2016 $6,677 $13,998 $2,083 $2,421
2015 $7,047 $14,306 $2,045 $2,354
2014 $9,201 $14,854 $2,165 $2,377
2013 $9,198 $14,498 $2,161 $2,394
2012 $9,297 $14,620 $2,066 $2,320
2011 $10,219 $14,784 $1,924 $2,306
2010 $8,357 $14,015 $1,685 $2,182
2009 $7,291 $13,384 $1,555 $2,021
2008 $9,689 $13,734 $1,526 $1,989
2007 $8,004 $14,391 $1,390 $1,869
2006 $6,847 $13,637 $1,256 $1,786
2005 $6,548 $14,028 $1,144 $1,693
2004 $5,466 $13,638 $986 $1,556
2003 $4,711 $13,564 $896 $1,433
2002 $3,966 $13,369 $757 $1,344
2001 $3,836 $13,556 $912 $1,387
2000 $3,983 $13,326 $953 $1,503
1999 $3,751 $13,629 $1,134 $1,754
1998 $3,700 $15,138 $1,092 $1,785
1997 $4,509 $14,837 $1,292 $1,793
1996 $4,943 $14,147 $1,289 $1,830
1995 $4,415 $13,750 $1,220 $1,820
1994 $3,828 $13,164 $1,078 $1,668
1993 $4,106 $12,757 $829 $1,556
1992 $5,386 $12,312 $764 $1,505
1991 $5,345 $12,760 $666 $1,346
1990 $6,051 $11,952 $648 $1,266
1989 $4,374 - $538 -
1988 $4,119 - $567 -
1987 $3,624 - $515 -
1986 $3,865 - $506 -
1985 $3,898 - $586 -
1984 $4,273 - $665 -
1983 $4,182 - $686 -
1982 $4,584 - $756 -
1981 $5,026 - $786 -
1980 $5,718 - $768 -
1979 $4,155 - $658 -
1978 $3,360 - $500 -
1977 $4,048 - $434 -
1976 $4,441 - $401 -
1975 $3,258 - $372 -
1974 $2,384 - $433 -
1973 $1,140 - $291.3 -
1972 $693 - $219.5 -
1971 $627 - $277.1 -
1970 $543 - - -
1969 $545 - $165.9 -
1968 $515 - $166.9 -
1967 $482 - $153.5 -
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/solomon-islands | CC BY

Gabon's GDP per capita is $8,230, ranking 93/197, compared to $1,934 in the Solomon Islands, ranking 157/197. Adjusted for purchasing power (GDP per capita PPP), Gabon ranks 90th at $21,510, while the Solomon Islands ranks 183rd at $2,675.

Economic indicators

Gabon Solomon Islands
Gross domestic product
$20.9B
2024
$1.58B
2024
GDP rank
127/197
2024
182/197
2024
GDP growth
3.39%
2023-2024
3%
2023-2024
GDP per capita
$8,230
2024
$1,934
2024
GDP per capita rank
93/197
2024
157/197
2024
GDP per capita, PPP
$21,510
2024
$2,675
2024
GDP per capita PPP rank
90/197
2024
183/197
2024
Government debt
$15.2B
2024
$350M
2024
Debt-to-GDP ratio
72.7%
2024
22.1%
2024
Government debt per person
$5,985
2024
$427
2024
Government debt per person rank
75/185
2024
169/185
2024
Average annual personal income after taxes
$5,368
2026
$1,776
2026
Income share by richest 10%
27.7%
2017
29.2%
2012
Income share by poorest 10%
2.2%
2017
2.8%
2012
Government expenditure, % of GDP
24.8%
2024
35.8%
2024
Consumer prices inflation
1.17%
2023-2024
4.32%
2023-2024
Unemployment rate
20.4%
2010
0.69%
2013
Population
2663339
863951

Spending and national debt comparison by year

Gabon
Spending

Debt
Solomon Islands
Spending

Debt
1x
Year % of GDP
Gabon Solomon Islands
Government spending Government debt Government spending Government debt
2024 24.8% 72.7% 35.8% 22.1%
2023 21.5% 70.6% 40.1% 20.3%
2022 19.7% 65.6% 40.8% 15.5%
2021 17.3% 72.9% 37.8% 15.9%
2020 19.8% 83% 40.4% 12.8%
2019 17.4% 59.8% 35.6% 7.82%
2018 17.1% 62.3% 34.8% 7.95%
2017 18.1% 62.9% 40.4% 8.77%
2016 21.8% 64.5% 39.6% 7.54%
2015 22.3% 44.7% 41.5% 7.88%
2014 23.8% 34.1% 39.8% 10.1%
2013 34.7% 31.1% 41.8% 11.6%
2012 23.9% 21.4% 29.4% 13.3%
2011 22.1% 21.4% 27% 18.3%
2010 23.1% 21.3% 23.9% 22.9%
2009 22.6% 26% 24.8% 18.9%
2008 18.9% 20.1% 27% 28.9%
2007 19.4% 39.2% 23.7% 33%
2006 21.1% 34.9% 19.9% 42.3%
2005 20.8% 41.7% 17% 44.7%
2004 20.9% 60.3% 14.7% 58.2%
2003 21.2% 70.2% 14.9% 61.3%
2002 25.7% 81.1% 16.7% 65.7%
2001 27.8% 81% 18.1% 52.8%
2000 20.3% 72.5% 18.7% 44.3%
1999 25.5% 73.1% 18.7% 42%
1998 45.5% 87.6% 15.5% 39.5%
1997 29.7% 57% 19.3% 25.9%
1996 22.2% 64.5% 24.2% -
1995 25.1% 73.4% 24.7% -
1994 23.9% 71.3% 30.2% -
1993 26.9% 90.1% 33.2% -
1992 26.5% 87.9% 35.1% -
1991 25.1% 89.3% 39.4% -
1990 22.6% 90% 30% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/gabon/solomon-islands | CC BY

In 2024, Gabon's government spending was $5.18B, accounting for 24.8% of its GDP, while the Solomon Islands spent $567M, or 35.8% of GDP.

Debt-to-GDP ratio is 72.7% in Gabon and 22.1% in the Solomon Islands, ranking 51/185 and 173/185, respectively.

Government deficit by year

Deficit/surplus
Gabon

Solomon Islands
1x
Year Deficit/surplus, % of GDP
Gabon Solomon Islands
2024 -3.84% -3.08%
2023 1.79% -3.81%
2022 -0.89% -2.51%
2021 -1.93% -1.86%
2020 -2.19% -2.44%
2019 2.13% -1.52%
2018 -0.21% 1.49%
2017 -1.7% -2.27%
2016 -4.71% -3.56%
2015 -1.12% 0.81%
2014 5.98% 2.13%
2013 -3.07% 3.57%
2012 6.2% 4.63%
2011 1.41% 6.22%
2010 2.7% 6.02%
2009 6.77% 2.35%
2008 11% 1.94%
2007 8.06% 15.3%
2006 8.67% 13%
2005 7.98% 13.4%
2004 6.99% 17%
2003 7.75% 10.6%
2002 3.72% -4.35%
2001 4.07% -2.4%
2000 11.1% -2.93%
1999 1.11% -0.32%
1998 -13.1% 5.04%
1997 1.41% 2.14%
1996 2.12% 3.73%
1995 2.64% 3.19%
1994 -1.53% 4.33%
1993 -5.35% 2.45%
1992 -4.9% 4.13%
1991 -2.03% 0.14%
1990 -3.83% 0.58%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/gabon/solomon-islands | 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 Solomon Islands' deficit of $48.8M, or 3.08% of GDP.

Over the past 35 years, Gabon recorded a fiscal deficit in 15 of those years, while the Solomon Islands ran a deficit in 12 years. On average, Gabon posted an annual surplus equal to 1.52% of GDP, compared to surplus of 2.66% of GDP for the Solomon Islands.

Inflation comparison by year

Inflation
Gabon

Solomon Islands
1x
Year Consumer prices inflation
Gabon Solomon Islands
2024 1.17% 4.32%
2023 3.63% 5.89%
2022 4.23% 5.52%
2021 1.09% -0.12%
2020 1.35% 2.96%
2019 2.46% 1.63%
2018 4.75% 3.46%
2017 2.65% 0.49%
2016 2.11% 0.51%
2015 -0.34% -0.57%
2014 4.69% 5.17%
2013 0.51% 5.39%
2012 2.65% 5.91%
2011 1.26% 7.34%
2010 1.46% 1.05%
2009 1.89% 7.09%
2008 5.26% 17.3%
2007 5.03% 7.67%
2006 -1.41% 11.2%
2005 3.71% 7.33%
2004 0.41% 6.99%
2003 2.24% 8.27%
2002 0.04% 10.9%
2001 2.14% 6.93%
2000 0.5% 7.89%
1999 -1.94% 8.02%
1998 1.45% 12.4%
1997 3.97% 8.08%

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

GeoRank.org/economy/gabon/solomon-islands | CC BY

Over the past 28 years, Gabon has recorded an average annual inflation rate of 2.03%, compared with 6.04% in the Solomon Islands. In 2024, inflation was 1.17% in Gabon and 4.32% in the Solomon Islands.

Balance of trade

Gabon Solomon Islands
Current account balance
$141M
2015
-$66.2M
2024
Current account balance ranking
66/190
2015
87/190
2024
Current account balance, % of GDP
+0.98%
2015
-4.18%
2024
Goods imports
$3.17B
2015
$609M
2024
Goods exports
$5.11B
2015
$510M
2024
Service imports
$1.88B
2015
$248M
2024
Service exports
$277M
2015
$133M
2024
Imports of goods and services, % of GDP
27.5%
2024
70.8%
2024
Exports of goods and services, % of GDP
64.6%
2024
40.6%
2024

Economic freedom indices

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

Gabon Solomon Islands
Economic freedom 56.6 53.7
Economic freedom ranking 120/197 137/197
Property rights 30 55.8
Government integrity 22.6 42.7
Judicial effectiveness 19.9 59.1
Tax burden 76.5 71.3
Government spending 85.5 54.6
Fiscal health 87.9 83.3
Business freedom 63.6 52.3
Labor freedom 55.4 60.4
Monetary freedom 80.9 76.5
Trade freedom 57.4 43.6
Investment freedom 60 15
Financial freedom 40 30

Economic freedom comparison by year

Gabon
Solomon Islands
1x
Year Economic freedom index
Gabon Solomon Islands
2026 56.6 53.7
2025 56.3 56.3
2024 56.9 55
2023 56.1 56.9
2022 55.8 56.5
2021 58.1 56.5
2020 56.7 52.9
2019 56.3 54.6
2018 58 57.5
2017 58.6 55
2016 59 47
2015 58.3 47
2014 57.8 46.2
2013 57.8 45
2012 56.4 46.2
2011 56.7 45.9
2010 55.4 42.9
2009 55 46
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/solomon-islands | CC BY

The Economic Freedom Index for Gabon is 56.6, ranking 120/197, compared to 53.7 for the Solomon Islands, ranking 137/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Gabon Solomon Islands
Services, % of GDP
36.8%
2024
46.9%
2024
Industry, % of GDP
52.9%
2024
23.4%
2024
Agriculture, forestry, and fishing, % of GDP
6.56%
2024
29.7%
2024
GNI, Atlas method
$19.8B
2024
$1.57B
2024
GNI per capita, PPP
$20,400
2024
$2,680
2024
Total reserves including gold
$1.45B
2023
$688M
2023
Total reserves ranking
136/177
2023
149/177
2023
Net foreign direct investment
-$25.3M
2015
$19.9M
2024
Net inflows of foreign direct investment
$1.14B
2024
$33M
2024
Net outflows of foreign direct investment
-$33.8M
2019
$52.9M
2024
Servicing debt to the IMF, % of GNI
5.67%
2024
1.64%
2024
Poverty at national poverty lines
33.4%
2017
12.7%
2012
Gross capital formation, % of GDP
19.1%
2024
19.5%
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/solomon-islands | 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. 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.