Nominal GDP $19.319B, Per capita GDP $8,831.82, Population 2,436,566, Debt to GDP 57.4%, Inflation 16.8%, Unemployment 20.62%, Labor force participation rate 50.44%, Land area 99,487 sq miles, Arable land 30%, Exports $7.88B, Imports $2.63B Trade Surplus $5.25B.
In 2022, Gabon was the number 113 economy in the world in terms of GDP (current US$), the number 112 in total exports, the number 158 in total imports, the number 83 economy in terms of GDP per capita (current US$) and the number 112 most complex economy according to the Economic Complexity Index (ECI) .
The top exports of Gabon are Crude Petroleum ($4.88B), Manganese Ore ($1.83B), Sawn Wood ($351M), Veneer Sheets ($273M), and Refined Petroleum ($163M), exporting mostly to China ($3.4B), South Korea ($617M), Italy ($576M), India ($527M), and Indonesia ($394M).
The top imports of Gabon are Poultry Meat ($99.6M), Excavation Machinery ($62.7M), Packaged Medicaments ($58.2M), Cars ($57.6M), and Delivery Trucks ($50.7M), importing mostly from China ($583M), France ($555M), United Arab Emirates ($144M), United States ($131M), and Belgium ($96.7M).
The country's economic freedom score is lower than the world average and higher than the regional average. Gabon's economy is considered “mostly unfree” according to the 2024 Index. Poor fiscal management and overreliance on oil have stifled Gabon's economy.
https://oec.world/en/profile/country/gab
Comments
Gabon is another African country in need of producing their own food to reduce Imports. They also need to plan for lower oil prices and their Trade Surplus could shrink.
Norb Leahy, Dunwoody GA Tea Party Leader
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