Overview In 2019 Gabon was the number 118 economy in the world in terms of GDP (current US$), the number 105 in total exports, the number 158 in total imports,
the number 85 economy in terms of GDP per capita (current US$) and the number 138 most complex economy according to the Economic Complexity Index (ECI).
In 2019, Gabon exported a total of $6.46B, making it the number 105 exporter in the world. During the last five reported years the exports of Gabon have changed by -$3.26B from $9.72B in 2014 to $6.46B in 2019.
In 2019 Gabon imported $2.28B, making it the number 158 trade destination in the world. During the last five reported years the imports of Gabon changed by -$2.1B from $4.38B in 2014 to $2.28B in 2019.
In 2017, Gabon exported $200M worth of services. The top services exported by Gabon in 2017 were Miscellaneous business, professional, and technical services ($80.5M), Personal travel ($61.4M), Sea transport ($27.4M), Air transport ($8.58M), and Financial services ($5.05M).
The top services imported by Gabon in 2017 were Sea transport ($518M), Miscellaneous business, professional, and technical services ($481M), Personal travel ($290M), Air transport ($79.8M), and Telecommunications services ($74.7M).
Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.
*The tariffs applied to imports for Gabon are:136: Most Favoured Nation duty rate treatement203: Preferential tariff for Economic and Monetary Community of Central Africa (French: Communauté économique et monétaire de l'Afrique centrale (CEMAC))
The top export opportunities for Gabon according to the relatedness index, are Petroleum Gas (0.031), Cocoa Beans (0.029), Aluminium Ore (0.028), Tin Ores (0.028), and Maté (0.026). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Gabon is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
This network shows the products most related to the production structure of Gabon. These are products that tend to be co-exported with the products that Gabon exports. Higher relatedness values indicate greater knowledge, which predicts a greater probability of exporting that product in the future.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.
During the last 20 years Gabon's economy has become relatively less complex, moving from the 92nd to the 138th position in the ECI rank.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.