Financial and insurance activities (banking), value added in Gambia
Gambia: Financial and insurance activities (banking), value added was 2.79 billion current LCU in 2011. ◆ Volatile
Financial and insurance activities (banking), value added in Gambia, 1995–2011
Source: World Bank national accounts data, and OECD National Accounts data files. Measured in current LCU.
Analysis
Gambia recorded 2.79 billion current LCU for financial and insurance activities (banking), value added in 2011. That is the highest value across all 17 years on record.
Compared with earlier readings it is up 18.7% on the previous year and up 245.2% over ten years.
Over the whole period, financial and insurance activities (banking), value added in Gambia peaked at 2.79 billion current LCU in 2011 and was at its lowest, 616.98 million current LCU, in 1995.
That places Gambia 24th out of 36 countries with data for 2011, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Financial and insurance activities (banking), value added in Gambia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1995 | 616.98 million current LCU | — |
| 1996 | 632.04 million current LCU | +2.4% |
| 1997 | 658.24 million current LCU | +4.1% |
| 1998 | 685.84 million current LCU | +4.2% |
| 1999 | 724.00 million current LCU | +5.6% |
| 2000 | 764.29 million current LCU | +5.6% |
| 2001 | 806.82 million current LCU | +5.6% |
| 2002 | 851.71 million current LCU | +5.6% |
| 2003 | 970.13 million current LCU | +13.9% |
| 2004 | 1.11 billion current LCU | +13.9% |
| 2005 | 1.18 billion current LCU | +6.4% |
| 2006 | 1.32 billion current LCU | +12.4% |
| 2007 | 1.31 billion current LCU | -0.8% |
| 2008 | 1.66 billion current LCU | +26.7% |
| 2009 | 2.22 billion current LCU | +33.6% |
| 2010 | 2.35 billion current LCU | +5.7% |
| 2011 | 2.79 billion current LCU | +18.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 663.42 million current LCU | 616.98 million current LCU | 724.00 million current LCU | 5 |
| 2000s | 1.22 billion current LCU | 764.29 million current LCU | 2.22 billion current LCU | 10 |
| 2010s | 2.57 billion current LCU | 2.35 billion current LCU | 2.79 billion current 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)
- Manufacturing, value added (current US$), per unit of GDP 0.0145 current US$ per US$ of GDP (2024)
- Manufacturing, value added (current US$), per capita 12.67 current US$ per person (2024)
- Manufacturing, value added (current LCU), per unit of GDP 0.9849 current LCU per US$ of GDP (2024)
- Manufacturing, value added (current LCU), per capita 858.2 current LCU per person (2024)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0174 constant 2015 US$ per US$ of GDP (2024)
- Manufacturing, value added (constant 2015 US$), per capita 15.18 constant 2015 US$ per person (2024)
- Manufacturing, value added (constant LCU), per capita 510.25 constant LCU per person (2024)
- Industry (including construction), value added (current US$), annual 11.35 % change on previous year (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 2.79 billion current 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 2.79 billion current LCU in 2011.
- What is the lowest financial and insurance activities (banking), value added recorded in Gambia?
- The lowest recorded value was 616.98 million current LCU in 1995.
- How does Gambia rank for financial and insurance activities (banking), value added?
- Gambia ranks 24th out of 36 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 245.2%. The long-run trend across the full record is volatile.
- 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 (current LCU). Statizoid updates them automatically from the source API.
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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 current local currency.