Real Non-Oil GDP for Gabon
GABNGDPXORPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.22
Year-over-Year Change
-36.96%
Date Range
1/1/2000 - 1/1/2026
Summary
The Real Non-Oil GDP for Gabon measures the inflation-adjusted value of economic output in Gabon excluding the oil sector. It is a key indicator of overall economic growth and diversification in the country.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Real Non-Oil GDP for Gabon represents the total production of goods and services in the Gabonese economy, excluding the volatile oil and gas industries. This metric provides insight into the underlying strength and diversification of Gabon's non-resource based economic activities.
Methodology
The data is collected and calculated by Gabon's National Institute of Statistics based on surveys and economic accounts.
Historical Context
Real Non-Oil GDP is closely monitored by policymakers in Gabon and international institutions to assess the country's progress in economic diversification and reducing reliance on oil exports.
Key Facts
- Gabon's non-oil GDP grew by 2.5% in 2021.
- The non-oil sector accounts for over 60% of Gabon's total GDP.
- Manufacturing and services are the largest non-oil contributors to Gabon's economy.
FAQs
Q: What does this economic trend measure?
A: The Real Non-Oil GDP for Gabon measures the inflation-adjusted economic output of Gabon's non-oil sectors, providing insight into the diversification of the country's economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding Gabon's economic development and progress in reducing its reliance on volatile oil exports, which is a key policy objective.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Gabon's National Institute of Statistics based on surveys and economic accounts.
Q: How is this trend used in economic policy?
A: Real Non-Oil GDP is closely monitored by policymakers in Gabon and international institutions to assess the country's progress in economic diversification.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting due to the time required for data collection and compilation by the National Institute of Statistics.
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Citation
U.S. Federal Reserve, Real Non-Oil GDP for Gabon (GABNGDPXORPCPPPT), retrieved from FRED.