Gross Domestic Product — Annual growth Standard Local Currency in Gambia
Gambia: Gross Domestic Product — Annual growth Standard Local Currency was 14.59 % in 2024. ◆ Volatile
Gross Domestic Product — Annual growth Standard Local Currency in Gambia, 1971–2024
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
In 2024, gross domestic product — annual growth standard local currency in Gambia stood at 14.59 %.
That represents a change of down 31.0% on the previous year and up 291.1% over ten years.
Over the whole period, gross domestic product — annual growth standard local currency in Gambia peaked at 44.95 % in 1973 and was at its lowest, -3.93 %, in 2011.
Gambia ranks 29th of 202 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Annual growth Standard Local Currency in Gambia, year by year
| Year | % | Change |
|---|---|---|
| 1971 | 3.42 % | — |
| 1972 | 26.82 % | +683.3% |
| 1973 | 44.95 % | +67.6% |
| 1974 | 31.57 % | -29.8% |
| 1975 | 26.71 % | -15.4% |
| 1976 | 13.18 % | -50.7% |
| 1977 | 8.84 % | -32.9% |
| 1978 | 8.13 % | -8.0% |
| 1979 | -0.7355 % | -109.0% |
| 1980 | 3.12 % | -524.1% |
| 1981 | 22.49 % | +621.2% |
| 1982 | 15.48 % | -31.2% |
| 1983 | 13.94 % | -10.0% |
| 1984 | 32.96 % | +136.4% |
| 1985 | 37.08 % | +12.5% |
| 1986 | 20.82 % | -43.8% |
| 1987 | 14.25 % | -31.6% |
| 1988 | 18.94 % | +32.9% |
| 1989 | 17.52 % | -7.5% |
| 1990 | 13.42 % | -23.4% |
| 1991 | 8.13 % | -39.4% |
| 1992 | 5.39 % | -33.6% |
| 1993 | 8.31 % | +54.0% |
| 1994 | 3.94 % | -52.6% |
| 1995 | 4.88 % | +23.9% |
| 1996 | 10.78 % | +120.9% |
| 1997 | -1.36 % | -112.6% |
| 1998 | 9.1 % | -768.4% |
| 1999 | 3.81 % | -58.2% |
| 2000 | 7.84 % | +105.8% |
| 2001 | 7.71 % | -1.6% |
| 2002 | 6.8 % | -11.8% |
| 2003 | 20.65 % | +203.5% |
| 2004 | 25.08 % | +21.5% |
| 2005 | 1.67 % | -93.4% |
| 2006 | 0.7404 % | -55.5% |
| 2007 | 7.59 % | +925.5% |
| 2008 | 8.89 % | +17.0% |
| 2009 | 11.48 % | +29.2% |
| 2010 | 11.89 % | +3.5% |
| 2011 | -3.93 % | -133.1% |
| 2012 | 9.29 % | -336.3% |
| 2013 | 8.98 % | -3.4% |
| 2014 | 3.73 % | -58.4% |
| 2015 | 14.17 % | +279.9% |
| 2016 | 9.92 % | -30.0% |
| 2017 | 8.93 % | -9.9% |
| 2018 | 14.48 % | +62.1% |
| 2019 | 13.07 % | -9.8% |
| 2020 | 2.79 % | -78.6% |
| 2021 | 13.03 % | +366.4% |
| 2022 | 14.79 % | +13.6% |
| 2023 | 21.15 % | +42.9% |
| 2024 | 14.59 % | -31.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 18.1 % | -0.7355 % | 44.95 % | 9 |
| 1980s | 19.66 % | 3.12 % | 37.08 % | 10 |
| 1990s | 6.64 % | -1.36 % | 13.42 % | 10 |
| 2000s | 9.85 % | 0.7404 % | 25.08 % | 10 |
| 2010s | 9.05 % | -3.93 % | 14.48 % | 10 |
| 2020s | 13.27 % | 2.79 % | 21.15 % | 5 |
Countries ranked near Gambia
- 26 Sao Tome and Principe 15.38 % compare
- 27 Samoa 14.9 % compare
- 28 Belize 14.64 % compare
- 30 Burkina Faso 14.35 % compare
- 31 Kyrgyzstan 14.21 % compare
- 32 Russian Federation 14.02 % 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)
- Total reserves minus gold (current US$), annual growth rate 8.98 % change on previous year (2024)
- Total reserves minus gold (current US$), per unit of GDP 0.2615 current US$ per US$ of GDP (2024)
- Total reserves minus gold (current US$), per capita 227.84 current US$ per person (2024)
- General government final consumption expenditure (current US$) 15.4 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.1022 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 93.92 current US$ per person (2025)
- General government final consumption expenditure (current LCU) 22.25 % change on previous year (2025)
- General government final consumption expenditure (current LCU), per 7.33 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product — annual growth standard local currency in Gambia?
- Gross domestic product — annual growth standard local currency in Gambia was 14.59 % in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — annual growth standard local currency recorded in Gambia?
- The highest recorded value was 44.95 % in 1973.
- What is the lowest gross domestic product — annual growth standard local currency recorded in Gambia?
- The lowest recorded value was -3.93 % in 2011.
- How does Gambia rank for gross domestic product — annual growth standard local currency?
- Gambia ranks 29th out of 202 countries with data for 2024.
- Is gross domestic product — annual growth standard local currency rising or falling in Gambia?
- Over the last ten years it is up 291.1%. The long-run trend across the full record is volatile.
- Where does this Gambia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Annual growth Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).