Annual growth of the gross capital formation in Gambia
Gambia: Annual growth of the gross capital formation was 9.7% in 2024. ◆ Volatile
Annual growth of the gross capital formation in Gambia, 2005–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
Gambia recorded 9.7% for annual growth of the gross capital formation in 2024.
The figure is up 26.8% on the previous year and up 387.4% over ten years.
Over the whole period, annual growth of the gross capital formation in Gambia peaked at 44.1% in 2020 and was at its lowest, -15.4%, in 2007.
That places Gambia 37th out of 167 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of the gross capital formation in Gambia, year by year
| Year | % | Change |
|---|---|---|
| 2005 | -4.9% | — |
| 2006 | 18.4% | -473.4% |
| 2007 | -15.4% | -183.7% |
| 2008 | -14.7% | -4.9% |
| 2009 | 31.3% | -313.4% |
| 2010 | 11.4% | -63.7% |
| 2011 | -5.3% | -146.5% |
| 2012 | 7.4% | -240.3% |
| 2013 | 4.5% | -39.1% |
| 2014 | 2.0% | -55.9% |
| 2015 | 33.1% | +1563.3% |
| 2016 | 33.5% | +1.2% |
| 2017 | -1.2% | -103.7% |
| 2018 | 2.0% | -259.2% |
| 2019 | 28.6% | +1339.2% |
| 2020 | 44.1% | +53.9% |
| 2021 | -8.7% | -119.8% |
| 2022 | 3.6% | -141.2% |
| 2023 | 7.7% | +112.5% |
| 2024 | 9.7% | +26.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.9% | -15.4% | 31.3% | 5 |
| 2010s | 11.6% | -5.3% | 33.5% | 10 |
| 2020s | 11.3% | -8.7% | 44.1% | 5 |
Countries ranked near Gambia
- 34 North Macedonia 10.4% compare
- 35 Congo, Democratic Republic of the 10.3% compare
- 36 Singapore 10.1% compare
- 38 Costa Rica 9.4% compare
- 39 Mauritania 9.2% compare
- 40 Ukraine 8.9% compare
More economy & growth data for Gambia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.69 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.02 Percent per annum (2029)
- Final consumption expenditure (constant 2015 US$), per capita 686.38 constant 2015 US$ per person (2025)
- Gross national expenditure (current US$), annual growth rate 17.27 % change on previous year (2025)
- Gross national expenditure (current US$), per unit of GDP 1.37 current US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), per capita 1,256 current US$ per person (2025)
- Gross national expenditure (current LCU), annual growth rate 24.22 % change on previous year (2025)
- Gross national expenditure (current LCU), per unit of GDP 98.08 current LCU per US$ of GDP (2025)
- Gross national expenditure (current LCU), per capita 90,142 current LCU per person (2025)
- Gross national expenditure (constant 2015 US$), annual growth rate 5.37 % change on previous year (2025)
Frequently asked questions
- What is annual growth of the gross capital formation in Gambia?
- Annual growth of the gross capital formation in Gambia was 9.7% in 2024, according to World Bank – processed by Our World in Data.
- What is the highest annual growth of the gross capital formation recorded in Gambia?
- The highest recorded value was 44.1% in 2020.
- What is the lowest annual growth of the gross capital formation recorded in Gambia?
- The lowest recorded value was -15.4% in 2007.
- How does Gambia rank for annual growth of the gross capital formation?
- Gambia ranks 37th out of 167 countries with data for 2024.
- Is annual growth of the gross capital formation rising or falling in Gambia?
- Over the last ten years it is up 387.4%. The long-run trend across the full record is volatile.
- Where does this Gambia data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual growth of the gross capital formation. Statizoid updates them automatically from the source API.
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About this data
Annual growth of the gross capital formation (%).