Current account balance in Gabon
Gabon: Current account balance was 1.0% in 2015. ◆ Volatile
Current account balance in Gabon, 1978–2015
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Gabon recorded 1.0% for current account balance in 2015.
Compared with earlier readings it is down 84.0% on the previous year and down 95.3% over ten years.
Over the whole period, current account balance in Gabon peaked at 24.6% in 2008 and was at its lowest, -31.1%, in 1986.
Gabon ranks 72nd of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Gabon, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1978 | 3.1% | — |
| 1979 | 8.2% | +164.3% |
| 1980 | 9.0% | +9.7% |
| 1981 | 10.4% | +16.4% |
| 1982 | 8.6% | -18.1% |
| 1983 | 2.9% | -66.2% |
| 1984 | 3.2% | +9.6% |
| 1985 | -4.9% | -253.8% |
| 1986 | -31.1% | +538.6% |
| 1987 | -13.7% | -56.0% |
| 1988 | -16.1% | +17.3% |
| 1989 | -4.6% | -71.4% |
| 1990 | 2.8% | -161.4% |
| 1991 | 1.4% | -50.9% |
| 1992 | -3.0% | -317.2% |
| 1993 | -1.1% | -62.7% |
| 1994 | 7.6% | -775.5% |
| 1995 | 10.4% | +37.1% |
| 1996 | 15.6% | +50.4% |
| 1997 | 10.0% | -36.1% |
| 1998 | -13.3% | -233.2% |
| 1999 | 8.4% | -163.0% |
| 2000 | 19.7% | +135.3% |
| 2001 | 10.3% | -47.7% |
| 2002 | 6.3% | -38.5% |
| 2003 | 11.8% | +85.6% |
| 2004 | 11.9% | +1.2% |
| 2005 | 20.7% | +73.9% |
| 2007 | 22.1% | +6.6% |
| 2008 | 24.6% | +11.5% |
| 2009 | 6.6% | -73.0% |
| 2010 | 17.1% | +157.1% |
| 2011 | 14.3% | -16.2% |
| 2012 | 11.5% | -19.5% |
| 2013 | 8.3% | -27.8% |
| 2014 | 6.1% | -26.5% |
| 2015 | 1.0% | -84.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.6% | 3.1% | 8.2% | 2 |
| 1980s | -3.6% | -31.1% | 10.4% | 10 |
| 1990s | 3.9% | -13.3% | 15.6% | 10 |
| 2000s | 14.9% | 6.3% | 24.6% | 9 |
| 2010s | 9.7% | 1.0% | 17.1% | 6 |
Countries ranked near Gabon
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)
- Manufacturing, value added (constant LCU), per capita 340,438 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual -8.53 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.4719 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 3,899 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual -12.22 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 274.59 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 2.27 million current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 0.8775 % change on previous year (2025)
Frequently asked questions
- What is current account balance in Gabon?
- Current account balance in Gabon was 1.0% in 2015, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Gabon?
- The highest recorded value was 24.6% in 2008.
- What is the lowest current account balance recorded in Gabon?
- The lowest recorded value was -31.1% in 1986.
- How does Gabon rank for current account balance?
- Gabon ranks 72nd out of 199 countries with data for 2015.
- Is current account balance rising or falling in Gabon?
- Over the last ten years it is down 95.3%. The long-run trend across the full record is volatile.
- Where does this Gabon data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.