Gabon - Inflation, consumer prices (annual %) 1963 - 2022
Gabon's inflation, consumer prices (annual %) is currently 4.23%, according to the most recent World Bank data for the country (2022).
Definition
The consumer price index gauges inflation by indicating the yearly percentage shift in the expenses for an average consumer to procure a collection of goods and services, which could either remain constant or alter at specified periods like annually; typically employing the Laspeyres formula.- Gabon's inflation, consumer prices (annual %) for 2022 was 4.231%, a 289.29% increase from 2021, with a +3 difference.
- In 2021 it was 1.087%, a -19.65% increase from 2020, with a -1 difference.
- In 2020 it was 1.353%, a -45.11% increase from 2019.
- In 2019 it was 2.465%, a -48.10% increase from 2018.
- In 2018 it was 4.749%, a 79.08% increase from 2017.
Measure: Percent
Average, Lowest, and Highest Recorded Values
The average inflation, consumer prices (annual %), value for Gabon is currently 4.751% (average of years with recorded data) with a lowest recorded value of -11.6861% in 1991 and a highest value of 36.1162% in 1994.
Gabon's Inflation, consumer prices (annual %) - Historical Data
| Year | Inflation, consumer prices (annual %) | Average Growth Rate (%) |
|---|---|---|
| 1963 | 7.158% | |
| 1964 | 3.328% | -53.50% |
| 1965 | 2.438% | -26.74% |
| 1966 | 3.644% | 49.44% |
| 1967 | 1.978% | -45.73% |
| 1968 | 2.336% | 18.09% |
| 1969 | 2.975% | 27.38% |
| 1970 | 3.813% | 28.15% |
| 1971 | 3.863% | 1.33% |
| 1972 | 3.487% | -9.74% |
| 1973 | 6.207% | 78.00% |
| 1974 | 12.073% | 94.50% |
| 1975 | 28.453% | 135.68% |
| 1976 | 20.172% | -29.11% |
| 1977 | 13.853% | -31.33% |
| 1978 | 10.764% | -22.29% |
| 1979 | 7.953% | -26.12% |
| 1980 | 12.34% | 55.17% |
| 1981 | 8.707% | -29.45% |
| 1982 | 16.686% | 91.65% |
| 1983 | 10.672% | -36.04% |
| 1984 | 5.857% | -45.12% |
| 1985 | 7.355% | 25.57% |
| 1986 | 6.285% | -14.54% |
| 1987 | -0.946% | -115.05% |
| 1988 | -8.776% | -827.53% |
| 1989 | 6.741% | 176.81% |
| 1990 | 7.725% | 14.60% |
| 1991 | -11.686% | -251.27% |
| 1992 | -9.543% | 18.34% |
| 1993 | 0.534% | 105.59% |
| 1994 | 36.116% | 6,666.55% |
| 1995 | 9.647% | -73.29% |
| 1996 | 0.69% | -92.85% |
| 1997 | 3.973% | 476.12% |
| 1998 | 1.449% | -63.54% |
| 1999 | -1.937% | -233.68% |
| 2000 | 0.505% | 126.07% |
| 2001 | 2.138% | 323.36% |
| 2002 | 0.037% | -98.28% |
| 2003 | 2.235% | 5,993.72% |
| 2004 | 0.408% | -81.74% |
| 2005 | 3.708% | 808.45% |
| 2006 | -1.409% | -138.01% |
| 2007 | 5.03% | 456.91% |
| 2008 | 5.264% | 4.65% |
| 2009 | 1.886% | -64.18% |
| 2010 | 1.462% | -22.49% |
| 2011 | 1.263% | -13.56% |
| 2012 | 2.652% | 109.96% |
| 2013 | 0.505% | -80.94% |
| 2014 | 4.69% | 827.99% |
| 2015 | -0.339% | -107.22% |
| 2016 | 2.107% | 721.82% |
| 2017 | 2.652% | 25.88% |
| 2018 | 4.749% | 79.08% |
| 2019 | 2.465% | -48.10% |
| 2020 | 1.353% | -45.11% |
| 2021 | 1.087% | -19.65% |
| 2022 | 4.231% | 289.29% |
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Comparison with Countries in the Sub-Saharan Africa Region.
Among countries in the same World Bank Sub-Saharan Africa (SSA) region, Gabon comes in 37th with 4.231% inflation, consumer prices (annual %).
- Within the same region, Kenya comes in 27th with 7.657%, inflation, consumer prices (annual %).
- Uganda comes in 28th with 7.196%.
- South Africa comes in 29th with 7.04%.
- Cameroon comes in 30th with 6.248%.
- Namibia comes in 31st with 6.081%.
- Chad comes in 32nd with 5.788%.
- Central African Republic comes in 33rd with 5.583%.
- Cote d'Ivoire comes in 34th with 5.276%.
- Equatorial Guinea comes in 35th with 4.787%.
- Tanzania comes in 36th with 4.35%.
- Niger comes in 38th with 4.226%.
- Mali comes in 39th with 3.926%.
- Congo, Rep. comes in 40th with 3.043%.
- Congo, Dem. Rep. comes in 41st with 2.886%.
- Eswatini comes in 42nd with 2.598%.
- Cabo Verde comes in 43rd with 1.862%.
- Benin comes in 44th with 1.351%.
- Comoros comes in 45th with -4.295%.
- And South Sudan comes in 46th with -6.687%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 10 Countries in the Sub-Saharan Africa Region.
Top 10 Countries in the Sub-Saharan Africa Region.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Sudan | 138.81% | 2022 |
| 2 | Zimbabwe | 104.70% | 2022 |
| 3 | Ghana | 31.26% | 2022 |
| 4 | Sierra Leone | 27.21% | 2022 |
| 5 | Ethiopia | 26.84% | 2021 |
| 6 | Angola | 25.75% | 2021 |
| 7 | Liberia | 23.56% | 2018 |
| 8 | Malawi | 20.95% | 2022 |
| 9 | Nigeria | 18.85% | 2022 |
| 10 | Burundi | 18.80% | 2022 |
Comparison with Countries in the Upper middle income Group.
Among countries in the same World Bank Upper middle income (UMI) group, Gabon comes in 40th with 4.231% inflation, consumer prices (annual %).
- Within the same income group, Guatemala comes in 30th with 6.885%, inflation, consumer prices (annual %).
- Albania comes in 31st with 6.725%.
- Russian Federation comes in 32nd with 6.694%.
- St. Lucia comes in 33rd with 6.378%.
- Namibia comes in 34th with 6.081%.
- Thailand comes in 35th with 6.077%.
- St. Vincent and the Grenadines comes in 36th with 5.66%.
- Iraq comes in 37th with 4.995%.
- Equatorial Guinea comes in 38th with 4.787%.
- Fiji comes in 39th with 4.52%.
- Indonesia comes in 41st with 4.209%.
- Ecuador comes in 42nd with 3.466%.
- Malaysia comes in 43rd with 3.379%.
- Belize comes in 44th with 3.236%.
- Libya comes in 45th with 2.606%.
- Maldives comes in 46th with 2.333%.
- China comes in 47th with 1.974%.
- West Bank and Gaza comes in 48th with 1.237%.
- Grenada comes in 49th with 1.22%.
- And Tuvalu comes in 50th with 0.501%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 14 Countries in the Upper middle income Group.
Top 14 Countries in the Upper middle income Group.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Venezuela, RB | 254.949% | 2016 |
| 2 | Turkiye | 72.309% | 2022 |
| 3 | Suriname | 52.446% | 2022 |
| 4 | Moldova | 28.737% | 2022 |
| 5 | Bulgaria | 15.325% | 2022 |
| 6 | Belarus | 15.210% | 2022 |
| 7 | North Macedonia | 14.205% | 2022 |
| 8 | Bosnia and Herzegovina | 14.021% | 2022 |
| 9 | Azerbaijan | 13.852% | 2022 |
| 10 | Montenegro | 13.040% | 2022 |
| 11 | Palau | 12.353% | 2022 |
| 12 | Serbia | 11.982% | 2022 |
| 13 | Georgia | 11.898% | 2022 |
| 14 | Botswana | 11.666% | 2022 |