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Economy of Gabon vs Turkey compared: GDP & Debt

Updated on by Georank team

Gabon has a GDP of $20.9B compared to $1.36T for Turkey, ranking 127/197 and 17/197 by economy size, respectively.

Gabon has $15.2B in government debt (72.7% of GDP), compared to $327B (24% of GDP) in Turkey.

Gabon vs Turkey GDP by year

Gabon
Turkey
1x
Year GDP, current $
Gabon Turkey
2024 $20,895,684,426 $1,359,123,768,774
2023 $19,388,372,071 $1,141,242,864,657
2022 $20,440,655,695 $926,097,476,914
2021 $19,444,935,097 $839,938,668,172
2020 $15,342,236,164 $733,628,247,119
2019 $16,874,405,465 $775,853,144,223
2018 $16,867,326,402 $788,356,985,774
2017 $14,929,487,485 $863,874,522,365
2016 $14,023,890,265 $870,818,016,910
2015 $14,383,107,763 $865,460,050,684
2014 $18,203,966,896 $942,343,431,929
2013 $17,595,744,798 $962,167,643,589
2012 $17,170,464,016 $885,327,622,479
2011 $18,210,307,744 $844,192,507,381
2010 $14,372,593,020 $782,545,664,268
2009 $12,113,699,068 $653,894,449,921
2008 $15,571,348,344 $775,415,944,333
2007 $12,455,409,587 $685,228,481,017
2006 $10,327,598,306 $559,668,118,237
2005 $9,582,783,991 $508,314,210,213
2004 $7,770,219,008 $410,156,784,496
2003 $6,511,903,365 $315,392,899,922
2002 $5,335,451,100 $240,778,008,474
2001 $5,023,265,413 $202,195,080,239
2000 $5,080,483,629 $274,748,463,179
1999 $4,662,992,036 $256,673,939,248
1998 $4,483,417,310 $276,035,372,655
1997 $5,326,817,115 $263,817,553,748
1996 $5,694,040,003 $250,366,965,174
1995 $4,958,845,648 $234,699,627,004
1994 $4,190,819,344 $130,650,447,499
1993 $4,378,645,081 $180,415,757,852
1992 $5,592,390,827 $159,104,772,992
1991 $5,402,919,785 $151,034,731,544
1990 $5,952,293,765 $150,655,500,192
1989 $4,186,411,464 $107,127,191,329
1988 $3,834,503,376 $90,875,175,809
1987 $3,281,797,043 $87,190,081,680
1986 $3,403,638,189 $75,673,037,037
1985 $3,339,914,757 $67,232,758,621
1984 $3,561,451,561 $59,937,602,180
1983 $3,391,275,732 $61,803,555,556
1982 $3,618,007,841 $64,369,325,153
1981 $3,862,269,121 $71,180,180,180
1980 $4,279,637,942 $68,823,684,211
1979 $3,030,251,120 $89,616,129,032
1978 $2,389,479,272 $65,912,500,000
1977 $2,809,349,069 $58,683,333,333
1976 $3,009,409,974 $51,450,000,000
1975 $2,157,592,940 $46,042,857,143
1974 $1,544,216,002 $35,414,285,714
1973 $722,780,701 $26,000,000,000
1972 $430,508,359 $20,650,000,000
1971 $381,687,073 $16,166,666,667
1970 $323,802,476 $17,863,636,364
1969 $318,124,701 $19,466,666,667
1968 $294,468,564 $17,500,000,000
1967 $271,543,680 $15,644,444,444
1966 $245,849,781 $14,100,000,000
1965 $226,474,286 $11,966,666,667
1964 $215,679,855 $11,177,777,778
1963 $154,480,244 $10,355,555,556
1962 $182,796,536 $8,922,222,222
1961 $167,637,907 $7,988,888,889
1960 $141,468,978 $7,566,666,667

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

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

GDP per capita in Gabon vs Turkey by year

Gabon
GDP per capita

GDP per capita, PPP
Turkey
GDP per capita

GDP per capita, PPP
1x
Year Current $
Gabon Turkey
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $8,230 $21,510 $15,893 $45,639
2023 $7,803 $20,756 $13,375 $42,786
2022 $8,409 $19,993 $10,898 $39,564
2021 $8,181 $18,524 $9,982 $32,106
2020 $6,606 $14,477 $8,798 $29,209
2019 $7,441 $15,950 $9,395 $29,016
2018 $7,624 $15,432 $9,684 $28,640
2017 $6,922 $14,797 $10,756 $28,354
2016 $6,677 $13,998 $10,984 $26,731
2015 $7,047 $14,306 $11,065 $25,890
2014 $9,201 $14,854 $12,209 $24,193
2013 $9,198 $14,498 $12,636 $22,475
2012 $9,297 $14,620 $11,777 $20,739
2011 $10,219 $14,784 $11,374 $19,717
2010 $8,357 $14,015 $10,699 $17,466
2009 $7,291 $13,384 $9,077 $15,560
2008 $9,689 $13,734 $10,913 $16,142
2007 $8,004 $14,391 $9,767 $14,951
2006 $6,847 $13,637 $7,990 $13,555
2005 $6,548 $14,028 $7,332 $11,803
2004 $5,466 $13,638 $5,980 $10,759
2003 $4,711 $13,564 $4,650 $9,474
2002 $3,966 $13,369 $3,591 $9,154
2001 $3,836 $13,556 $3,052 $9,014
2000 $3,983 $13,326 $4,199 $9,326
1999 $3,751 $13,629 $3,974 $8,470
1998 $3,700 $15,138 $4,331 $8,763
1997 $4,509 $14,837 $4,197 $11,514
1996 $4,943 $14,147 $4,041 $10,624
1995 $4,415 $13,750 $3,846 $9,962
1994 $3,828 $13,164 $2,176 $9,253
1993 $4,106 $12,757 $3,058 $9,751
1992 $5,386 $12,312 $2,744 $8,969
1991 $5,345 $12,760 $2,649 $8,418
1990 $6,051 $11,952 $2,690 $8,208
1989 $4,374 - $1,949 -
1988 $4,119 - $1,686 -
1987 $3,624 - $1,650 -
1986 $3,865 - $1,461 -
1985 $3,898 - $1,326 -
1984 $4,273 - $1,209 -
1983 $4,182 - $1,276 -
1982 $4,584 - $1,360 -
1981 $5,026 - $1,537 -
1980 $5,718 - $1,516 -
1979 $4,155 - $2,013 -
1978 $3,360 - $1,510 -
1977 $4,048 - $1,372 -
1976 $4,441 - $1,228 -
1975 $3,258 - $1,122 -
1974 $2,384 - $881 -
1973 $1,140 - $661 -
1972 $693 - $537 -
1971 $627 - $431 -
1970 $543 - $488 -
1969 $545 - $544 -
1968 $515 - $501 -
1967 $482 - $459 -
1966 $443 - $425 -
1965 $415 - $370 -
1964 $400 - $354 -
1963 $290.7 - $337 -
1962 $348 - $298.2 -
1961 $323 - $274.4 -
1960 $276.1 - $267.1 -

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

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

Gabon's GDP per capita is $8,230, ranking 93/197, compared to $15,893 in Turkey, ranking 66/197. Adjusted for purchasing power (GDP per capita PPP), Gabon ranks 90th at $21,510, while Turkey ranks 51st at $45,639.

Economic indicators

Gabon Turkey
Gross domestic product
$20.9B
2024
$1.36T
2024
GDP rank
127/197
2024
17/197
2024
GDP growth
3.39%
2023-2024
3.33%
2023-2024
GDP per capita
$8,230
2024
$15,893
2024
GDP per capita rank
93/197
2024
66/197
2024
GDP per capita, PPP
$21,510
2024
$45,639
2024
GDP per capita PPP rank
90/197
2024
51/197
2024
Government debt
$15.2B
2024
$327B
2024
Debt-to-GDP ratio
72.7%
2024
24%
2024
Government debt per person
$5,985
2024
$3,820
2024
Government debt per person rank
75/185
2024
92/185
2024
Average annual personal income after taxes
$5,368
2026
$10,928
2026
Market capitalization of domestic companies n/a
$379B
2024
Number of millionaires n/a
60,787
2025
Number of billionaires n/a
32
2025
Income share by richest 10%
27.7%
2017
35.2%
2022
Income share by poorest 10%
2.2%
2017
2.1%
2022
Government expenditure, % of GDP
24.8%
2024
32.6%
2024
Consumer prices inflation
1.17%
2023-2024
58.5%
2023-2024
Central bank interest rate n/a
38%
2025
Unemployment rate
20.4%
2010
8.71%
2024
Population
2663339
86002379

Spending and national debt comparison by year

Gabon
Spending

Debt
Turkey
Spending

Debt
1x
Year % of GDP
Gabon Turkey
Government spending Government debt Government spending Government debt
2024 24.8% 72.7% 32.6% 24%
2023 21.5% 70.6% 32.5% 28.7%
2022 19.7% 65.6% 26.8% 30.2%
2021 17.3% 72.9% 30.5% 39.4%
2020 19.8% 83% 34% 38.7%
2019 17.4% 59.8% 34.8% 31.8%
2018 17.1% 62.3% 33.9% 29.5%
2017 18.1% 62.9% 32.4% 27.6%
2016 21.8% 64.5% 33.8% 27.7%
2015 22.3% 44.7% 32.4% 27.1%
2014 23.8% 34.1% 32.5% 28.2%
2013 34.7% 31.1% 33.5% 30.8%
2012 23.9% 21.4% 34% 32.1%
2011 22.1% 21.4% 32.6% 35.7%
2010 23.1% 21.3% 35.2% 39.2%
2009 22.6% 26% 37% 42.9%
2008 18.9% 20.1% 33.5% 37.5%
2007 19.4% 39.2% 32.7% 37.5%
2006 21.1% 34.9% 33.4% 44%
2005 20.8% 41.7% 32% 50%
2004 20.9% 60.3% 34.5% 57%
2003 21.2% 70.2% 38.3% 65%
2002 25.7% 81.1% 40.9% 71.3%
2001 27.8% 81% 43.9% 75.3%
2000 20.3% 72.5% 39.4% 51.2%
1999 25.5% 73.1% 32.7% 52.1%
1998 45.5% 87.6% 27.9% 36.5%
1997 29.7% 57% 26.4% 32.5%
1996 22.2% 64.5% 24.5% 35.5%
1995 25.1% 73.4% 19.4% 34.6%
1994 23.9% 71.3% 20.5% 39.2%
1993 26.9% 90.1% 22% 29.1%
1992 26.5% 87.9% 18.6% 29.2%
1991 25.1% 89.3% 18.2% 28.4%
1990 22.6% 90% 14.1% 25.8%
1989 - - 13.8% 33.5%
1988 - - 12.9% 38.6%
1987 - - 13.3% 40.3%
1986 - - 12.1% 38.2%
1985 - - 18% 44.3%
1984 - - 14.1% 42.6%
1983 - - 14.9% 32.7%
1982 - - 19.2% 33.4%
1981 - - 24% 32%
1980 - - 25.5% 22.4%
1979 - - 28.3% 23.6%
1978 - - 27.6% 25.8%
1977 - - 27.8% 24%
1976 - - 23.3% 20.4%
1975 - - 22% 20.2%
1974 - - 19% 19%
1973 - - 21.8% 23.1%
1972 - - 21.9% 30.1%
1971 - - 24.8% 34.4%
1970 - - 22.7% 39.8%
1969 - - 20.5% 33.2%
1968 - - 19% 33.2%
1967 - - 20.1% 33.3%
1966 - - 18.9% 33.4%
1965 - - 19% 33.4%
1964 - - 18.9% 25.7%
1963 - - 17.5% 27.6%
1962 - - 15.7% 28.8%
1961 - - 22.9% 28.9%
1960 - - 15.6% 19.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Gabon's government spending was $5.18B, accounting for 24.8% of its GDP, while Turkey spent $444B, or 32.6% of GDP.

Debt-to-GDP ratio is 72.7% in Gabon and 24% in Turkey, ranking 51/185 and 170/185, respectively.

Government deficit by year

Deficit/surplus
Gabon

Turkey
1x
Year Deficit/surplus, % of GDP
Gabon Turkey
2024 -3.84% -4.57%
2023 1.79% -5.22%
2022 -0.89% -1.1%
2021 -1.93% -2.98%
2020 -2.19% -4.64%
2019 2.13% -4.69%
2018 -0.21% -3.1%
2017 -1.7% -1.87%
2016 -4.71% -1.68%
2015 -1.12% -0.51%
2014 5.98% -0.96%
2013 -3.07% -1.21%
2012 6.2% -1.78%
2011 1.41% -0.35%
2010 2.7% -2.99%
2009 6.77% -5.14%
2008 11% -2.13%
2007 8.06% -1.37%
2006 8.67% -0.22%
2005 7.98% -0.75%
2004 6.99% -4.11%
2003 7.75% -7.55%
2002 3.72% -11.3%
2001 4.07% -11.6%
2000 11.1% -8.36%
1999 1.11% -13.8%
1998 -13.1% -9.84%
1997 1.41% -10.1%
1996 2.12% -10.7%
1995 2.64% -5.95%
1994 -1.53% -6.04%
1993 -5.35% -8.84%
1992 -4.9% -6.73%
1991 -2.03% -6.86%
1990 -3.83% -3.65%
1989 - -3.87%
1988 - -3.2%
1987 - -3.47%
1986 - -2.43%
1985 - -5.84%
1984 - -3.77%
1983 - -1.45%
1982 - -1.61%
1981 - -1.5%
1980 - -3.67%
1979 - -3.06%
1978 - -1.83%
1977 - -5.1%
1976 - -0.6%
1975 - -0.19%
1974 - -1.02%
1973 - -0.98%
1972 - -0.13%
1971 - -3.05%
1970 - 0.14%
1969 - -1.45%
1968 - -0.62%
1967 - 0.1%
1966 - -0.66%
1965 - -1.18%
1964 - -0.84%
1963 - 0%
1962 - -0.16%
1961 - -1%
1960 - -0.83%
1959 - -0.78%
1958 - -0.45%
1957 - -0.66%
1956 - -0.84%
1955 - -0.85%
1954 - -1.12%
1953 - -0.12%
1952 - -0.1%
1951 - 0.48%
1950 - -0.53%
1949 - 0.81%
1948 - 0.84%
1947 - -
1946 - -
1945 - 1.01%
1944 - -
1943 - 0.22%
1942 - -
1941 - -
1940 - -
1939 - -
1938 - 1.18%
1937 - -
1936 - 1.43%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1936–1999, retrieved 2026-02-20).

GeoRank.org/economy/gabon/turkey | 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 Turkey's deficit of $62.1B, or 4.57% of GDP.

Over the past 35 years, Gabon recorded a fiscal deficit in 15 of those years, while Turkey ran a deficit in 35 years. On average, Gabon posted an annual surplus equal to 1.52% of GDP, compared to deficit of 4.94% of GDP for Turkey.

Inflation comparison by year

Inflation
Gabon

Turkey
1x
Year Consumer prices inflation
Gabon Turkey
2024 1.17% 58.5%
2023 3.63% 53.9%
2022 4.23% 72.3%
2021 1.09% 19.6%
2020 1.35% 12.3%
2019 2.46% 15.2%
2018 4.75% 16.3%
2017 2.65% 11.1%
2016 2.11% 7.78%
2015 -0.34% 7.67%
2014 4.69% 8.85%
2013 0.51% 7.49%
2012 2.65% 8.89%
2011 1.26% 6.47%
2010 1.46% 8.57%
2009 1.89% 6.25%
2008 5.26% 10.4%
2007 5.03% 8.76%
2006 -1.41% 9.6%
2005 3.71% 8.18%
2004 0.41% 8.6%
2003 2.24% 21.6%
2002 0.04% 45%
2001 2.14% 54.4%
2000 0.5% 54.9%
1999 -1.94% 64.9%
1998 1.45% 84.6%
1997 3.97% 85.7%

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

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

Over the past 28 years, Gabon has recorded an average annual inflation rate of 2.03%, compared with 27.8% in Turkey. In 2024, inflation was 1.17% in Gabon and 58.5% in Turkey.

Top exports between countries

Gabon
Export category Export value
Raw materials & minerals $68.9M
Metals $13.7M
Wood & paper products $4.08M
Machinery & equipment $3.68M
Chemicals & pharma $355K
Miscellaneous $38K
Turkey
Export category Export value
Metals $36.1M
Machinery & equipment $20.2M
Processed food, beverages & tobacco $10.2M
Textiles & consumer goods $9.97M
Chemicals & pharma $9.18M
Raw materials & minerals $6.29M
Miscellaneous $5.46M
Wood & paper products $1.77M
Raw agricultural goods $1.38M
Animal & marine products $1.09M

Balance of trade

Gabon Turkey
Current account balance
$141M
2015
-$10.2B
2024
Current account balance ranking
66/190
2015
176/190
2024
Current account balance, % of GDP
+0.98%
2015
-0.75%
2024
Goods imports
$3.17B
2015
$314B
2024
Goods exports
$5.11B
2015
$257B
2024
Service imports
$1.88B
2015
$53.3B
2024
Service exports
$277M
2015
$115B
2024
Imports of goods and services, % of GDP
27.5%
2024
27%
2024
Exports of goods and services, % of GDP
64.6%
2024
27.6%
2024

Economic freedom indices

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

Gabon Turkey
Economic freedom 56.6 55
Economic freedom ranking 120/197 129/197
Property rights 30 36.4
Government integrity 22.6 35.3
Judicial effectiveness 19.9 23.5
Tax burden 76.5 72
Government spending 85.5 71.8
Fiscal health 87.9 77.8
Business freedom 63.6 61.6
Labor freedom 55.4 44.3
Monetary freedom 80.9 36.5
Trade freedom 57.4 71
Investment freedom 60 70
Financial freedom 40 60

Economic freedom comparison by year

Gabon
Turkey
1x
Year Economic freedom index
Gabon Turkey
2026 56.6 55
2025 56.3 56.1
2024 56.9 56.2
2023 56.1 56.9
2022 55.8 56.9
2021 58.1 64
2020 56.7 64.4
2019 56.3 64.6
2018 58 65.4
2017 58.6 65.2
2016 59 62.1
2015 58.3 63.2
2014 57.8 64.9
2013 57.8 62.9
2012 56.4 62.5
2011 56.7 64.2
2010 55.4 63.8
2009 55 61.6
2008 54.2 59.9
2007 54.8 57.4
2006 56.1 57
2005 54.8 50.6
2004 57.1 52.8
2003 58.7 51.9
2002 58 54.2
2001 55 60.6
2000 58.2 63.4
1999 60.5 59.2
1998 59.2 60.9
1997 58.8 60.8
1996 55.7 56.7
1995 57.5 58.4

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

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

The Economic Freedom Index for Gabon is 56.6, ranking 120/197, compared to 55 for Turkey, ranking 129/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Gabon Turkey
Services, % of GDP
36.8%
2024
57.5%
2024
Industry, % of GDP
52.9%
2024
25.5%
2024
Agriculture, forestry, and fishing, % of GDP
6.56%
2024
5.82%
2024
GNI, Atlas method
$19.8B
2024
$1.15T
2024
GNI per capita, PPP
$20,400
2024
$45,110
2024
Total reserves including gold
$1.45B
2023
$155B
2024
Total reserves ranking
136/177
2023
21/177
2024
Net foreign direct investment
-$25.3M
2015
-$5.13B
2024
Net inflows of foreign direct investment
$1.14B
2024
$11.7B
2024
Net outflows of foreign direct investment
-$33.8M
2019
$6.61B
2024
Servicing debt to the IMF, % of GNI
5.67%
2024
6.67%
2024
Poverty at national poverty lines
33.4%
2017
13.6%
2023
Gross capital formation, % of GDP
19.1%
2024
30.7%
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/turkey | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1936–1999, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, 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.