Balanced trade in services in Gabon
Gabon: Balanced trade in services was 1.11 US dollars, exchange rate converted in 2024. ▲ Rising
Balanced trade in services in Gabon, 2005–2024
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, exchange rate converted.
Analysis
Gabon recorded 1.11 US dollars, exchange rate converted for balanced trade in services in 2024.
Compared with earlier readings it is up 15.9% on the previous year and up 12.3% over ten years.
Over the whole period, balanced trade in services in Gabon peaked at 1.22 US dollars, exchange rate converted in 2011 and was at its lowest, 0.4429 US dollars, exchange rate converted, in 2020.
That places Gabon 114th out of 174 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Balanced trade in services in Gabon, year by year
| Year | US dollars, exchange rate converted | Change |
|---|---|---|
| 2005 | 0.6027 US dollars, exchange rate converted | — |
| 2006 | 0.6665 US dollars, exchange rate converted | +10.6% |
| 2007 | 0.6383 US dollars, exchange rate converted | -4.2% |
| 2008 | 0.9094 US dollars, exchange rate converted | +42.5% |
| 2009 | 0.8091 US dollars, exchange rate converted | -11.0% |
| 2010 | 0.8723 US dollars, exchange rate converted | +7.8% |
| 2011 | 1.22 US dollars, exchange rate converted | +39.9% |
| 2012 | 1.01 US dollars, exchange rate converted | -17.6% |
| 2013 | 0.9608 US dollars, exchange rate converted | -4.4% |
| 2014 | 0.9865 US dollars, exchange rate converted | +2.7% |
| 2015 | 0.8598 US dollars, exchange rate converted | -12.8% |
| 2016 | 0.5649 US dollars, exchange rate converted | -34.3% |
| 2017 | 0.6534 US dollars, exchange rate converted | +15.7% |
| 2018 | 0.8197 US dollars, exchange rate converted | +25.4% |
| 2019 | 0.8338 US dollars, exchange rate converted | +1.7% |
| 2020 | 0.4429 US dollars, exchange rate converted | -46.9% |
| 2021 | 0.9693 US dollars, exchange rate converted | +118.9% |
| 2022 | 0.9105 US dollars, exchange rate converted | -6.1% |
| 2023 | 0.9557 US dollars, exchange rate converted | +5.0% |
| 2024 | 1.11 US dollars, exchange rate converted | +15.9% |
Gabon compared with similar countries
- Gabon's 1.11 US dollars, exchange rate converted is below the median for upper middle income countries, which is 2.12 US dollars, exchange rate converted, 52% of the median. (50 countries reporting)
- Gabon's 1.11 US dollars, exchange rate converted is above the median for Sub-Saharan Africa, which is 1.05 US dollars, exchange rate converted, 1.1× the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.7252 US dollars, exchange rate converted | 0.6027 US dollars, exchange rate converted | 0.9094 US dollars, exchange rate converted | 5 |
| 2010s | 0.8776 US dollars, exchange rate converted | 0.5649 US dollars, exchange rate converted | 1.22 US dollars, exchange rate converted | 10 |
| 2020s | 0.8773 US dollars, exchange rate converted | 0.4429 US dollars, exchange rate converted | 1.11 US dollars, exchange rate converted | 5 |
Countries ranked near Gabon
- 111 Tanzania 1.15 US dollars, exchange rate converted compare
- 112 Palestine 1.14 US dollars, exchange rate converted compare
- 113 Nepal 1.13 US dollars, exchange rate converted compare
- 115 Nicaragua 1.1 US dollars, exchange rate converted compare
- 116 Somalia 1.07 US dollars, exchange rate converted compare
- 117 Armenia 1.06 US dollars, exchange rate converted compare
More economy & growth data for Gabon
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.8121 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.63 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 28.28 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0081 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 67.28 units per person (2025)
- SDRs holdings, SDR, annual growth rate 22.16 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0059 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 49.13 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -14.58 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0363 units per US$ of GDP (2025)
Frequently asked questions
- What is balanced trade in services in Gabon?
- Balanced trade in services in Gabon was 1.11 US dollars, exchange rate converted in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest balanced trade in services recorded in Gabon?
- The highest recorded value was 1.22 US dollars, exchange rate converted in 2011.
- What is the lowest balanced trade in services recorded in Gabon?
- The lowest recorded value was 0.4429 US dollars, exchange rate converted in 2020.
- How does Gabon rank for balanced trade in services?
- Gabon ranks 114th out of 174 countries with data for 2024.
- Is balanced trade in services rising or falling in Gabon?
- Over the last ten years it is up 12.3%. The long-run trend across the full record is rising.
- Where does this Gabon data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Balanced trade in services (BaTIS). Statizoid updates them automatically from the source API.
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About this data
The OECD-WTO Balanced Trade in Services (BaTIS) dataset is a complete, consistent, and balanced matrix of international trade in services statistics (ITSS). It contains annual bilateral data covering 202 reporters and partners, broken down by total services and 26 EBOPS 2010 (BPM6) categories from 2005 to 2024. BaTIS is the result of joint efforts by the OECD and WTO. Two main features enable BaTIS to stand out as the international benchmark for any analysis on international trade in services: BaTIS is complete and consistent. At present, only around 65% of world trade in services is bilaterally specified, and the percentage is even lower for the individual service categories. The OECD-WTO methodology leverages all available official statistics and combines them with estimations and adjustments to provide users with a complete matrix covering virtually all economies in the world. BaTIS is balanced. To resolve the asymmetries between reported and mirror flows, exports and imports are reconciled by calculating a symmetry-index weighted average between the two, following a similar approach to that developed for international merchandise trade statistics. Batis provides three measures for each trade flow (under the ‘adjustment’ dimension): Reported. Reflects the value officially reported by the country (where available), some values are rescaled to fit world totals. Adjusted and/or imputed. Reflects, in addition to the reported values, any adjustments made to ensure internal consistency as well as the estimations made by the OECD-WTO to fill in the gaps in the reported information. Balanced. Reflects the reconciled bilateral trade flow, where exports equal mirror imports. Official information on bilateral trade flows was collected from OECD, Eurostat, national sources as well as UNSD. The WTO-UNCTAD trade in services dataset, based on a number of primary sources complemented with estimations, was the main source for data with partner world. The BaTIS dataset can be used as a stand-alone input for economic analysis and policy-making. In addition, balanced trade in services data form an essential input to the OECD Trade in Value Added (TiVA) initiative, for which a balanced view of international trade is crucial. BaTIS is intended to be regularly updated and constantly improved as new data become available. For more information on the methodology, please refer to the technical paper accompanying this dataset The OECD-WTO Balanced Trade in Services (BaTIS) For more information on balanced trade statistics, please go to the topic related OECD page Balanced trade statistics Users are encouraged to send their questions, or to signal any apparent errors, regarding this database to STAT.Contact@oecd.org https://www.oecd.org/en/about/directorates/statistics-and-data-directorate.html