Financial and insurance activities (banking), value added in Gambia
Gambia: Financial and insurance activities (banking), value added was 2.09 billion constant LCU in 2011. ▲ Rising
Financial and insurance activities (banking), value added in Gambia, 2004–2011
Source: World Bank national accounts data, and OECD National Accounts data files. Measured in constant LCU.
Analysis
Gambia recorded 2.09 billion constant LCU for financial and insurance activities (banking), value added in 2011. That is the highest value across all 8 years on record.
Compared with earlier readings it is up 13.2% on the previous year and up 89.0% over ten years.
Gambia ranks 22nd of 31 countries on this measure, in the middle of the range.
Financial and insurance activities (banking), value added in Gambia, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2004 | 1.11 billion constant LCU | — |
| 2005 | 1.14 billion constant LCU | +3.2% |
| 2006 | 1.26 billion constant LCU | +10.2% |
| 2007 | 1.18 billion constant LCU | -5.8% |
| 2008 | 1.43 billion constant LCU | +21.3% |
| 2009 | 1.83 billion constant LCU | +27.8% |
| 2010 | 1.84 billion constant LCU | +0.6% |
| 2011 | 2.09 billion constant LCU | +13.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.33 billion constant LCU | 1.11 billion constant LCU | 1.83 billion constant LCU | 6 |
| 2010s | 1.97 billion constant LCU | 1.84 billion constant LCU | 2.09 billion constant LCU | 2 |
Countries ranked near Gambia
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)
- Gross capital formation (current US$), annual growth rate 45.48 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.4039 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 371.18 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 54.11 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 28.97 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 26,629 current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 8.31 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.3259 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is financial and insurance activities (banking), value added in Gambia?
- Financial and insurance activities (banking), value added in Gambia was 2.09 billion constant LCU in 2011, according to World Bank national accounts data, and OECD National Accounts data files.
- What is the highest financial and insurance activities (banking), value added recorded in Gambia?
- The highest recorded value was 2.09 billion constant LCU in 2011.
- What is the lowest financial and insurance activities (banking), value added recorded in Gambia?
- The lowest recorded value was 1.11 billion constant LCU in 2004.
- How does Gambia rank for financial and insurance activities (banking), value added?
- Gambia ranks 22nd out of 31 countries with data for 2011.
- Is financial and insurance activities (banking), value added rising or falling in Gambia?
- Over the last ten years it is up 89.0%. The long-run trend across the full record is rising.
- Where does this Gambia data come from?
- The figures come from World Bank national accounts data, and OECD National Accounts data files, published as part of Financial and insurance activities (banking), value added (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 8 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Value added in banking is defined as the value of output of the banking industry less the value of intermediate consumption (intermediate inputs). Banking is a subset of services, comprising financial intermediation (ISIC 65-67). Data are in constant local currency.