Source: world bank Nominal/PPP
Summary:
Gabon GDP Per Capita expanded from 1960 to 2024, increasing from $276.14 to $8,230.04 .The compound annual growth rate (CAGR) averaged 5.45% over the period. The economy recorded its peak level in 2011 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 38.85%, indicating the largest cyclical decline from peak levels. The country experienced 14 recession episode(s) during the observed period.
Gabon Economic Phases (1960 - 2024)
From 1960 to 2024, Gabon economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1961–1962) indicating robust economic expansion
- High Growth (1966–1969) indicating robust economic expansion
- High Growth (1971–1976) indicating robust economic expansion
- High Growth (1979–1980) indicating robust economic expansion
- Contraction (1982–1983) indicating temporary slowdown
- Contraction (1985–1987) indicating temporary slowdown
- High Growth (1988–1990) indicating robust economic expansion
- High Growth (1995–1996) indicating robust economic expansion
- High Growth (2003–2005) indicating robust economic expansion
- High Growth (2007–2008) indicating robust economic expansion
- High Growth (2010–2011) indicating robust economic expansion
- Contraction (2012–2013) indicating temporary slowdown
- High Growth (2024–2024) indicating robust economic expansion
The most remarkable growth occurred in 1974 with an increase of 109.132%, while the largest decline was in 2009 at -24.751%.