Gross domestic product (GDP), annual growth rate in Gambia
Gambia: Gross domestic product (GDP), annual growth rate was 2.8 % change on previous year in 2023. ◆ Volatile
Gross domestic product (GDP), annual growth rate in Gambia, 1961–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, gross domestic product (gdp), annual growth rate in Gambia stood at 2.8 % change on previous year.
Compared with earlier readings it is down 51.2% on the previous year and up 172.2% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Gambia peaked at 24.33 % change on previous year in 2004 and was at its lowest, -10.15 % change on previous year, in 2011.
That places Gambia 82nd out of 184 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), annual growth rate in Gambia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | -6.39 % change on previous year | — |
| 1962 | 0.9849 % change on previous year | -115.4% |
| 1963 | 6.01 % change on previous year | +510.5% |
| 1964 | 11.5 % change on previous year | +91.3% |
| 1965 | 11.78 % change on previous year | +2.4% |
| 1966 | 1.76 % change on previous year | -85.1% |
| 1967 | -0.6495 % change on previous year | -136.9% |
| 1968 | 6.89 % change on previous year | -1160.6% |
| 1969 | -1.83 % change on previous year | -126.6% |
| 1970 | 14.82 % change on previous year | -908.4% |
| 1971 | 0.2547 % change on previous year | -98.3% |
| 1972 | 1.86 % change on previous year | +630.2% |
| 1973 | 9.02 % change on previous year | +385.1% |
| 1974 | 5.9 % change on previous year | -34.6% |
| 1975 | 5.9 % change on previous year | +0.0% |
| 1976 | -1.81 % change on previous year | -130.6% |
| 1977 | 1.15 % change on previous year | -163.9% |
| 1978 | 6.27 % change on previous year | +443.3% |
| 1979 | -3.04 % change on previous year | -148.6% |
| 1980 | 0.3579 % change on previous year | -111.8% |
| 1981 | 18.43 % change on previous year | +5050.3% |
| 1982 | 7.02 % change on previous year | -61.9% |
| 1983 | -4.36 % change on previous year | -162.1% |
| 1984 | 2.96 % change on previous year | -167.9% |
| 1985 | 3.38 % change on previous year | +14.2% |
| 1986 | 3.78 % change on previous year | +11.7% |
| 1987 | 0.2104 % change on previous year | -94.4% |
| 1988 | 2.86 % change on previous year | +1257.4% |
| 1989 | 3.47 % change on previous year | +21.4% |
| 1990 | 3.81 % change on previous year | +9.9% |
| 1991 | 2.71 % change on previous year | -29.0% |
| 1992 | 2.46 % change on previous year | -9.0% |
| 1993 | 3.83 % change on previous year | +55.7% |
| 1994 | 0.2537 % change on previous year | -93.4% |
| 1995 | 2.42 % change on previous year | +855.2% |
| 1996 | 2.31 % change on previous year | -4.6% |
| 1997 | 2.51 % change on previous year | +8.4% |
| 1998 | 0.6189 % change on previous year | -75.3% |
| 1999 | 8.68 % change on previous year | +1301.7% |
| 2000 | 8.71 % change on previous year | +0.4% |
| 2001 | 3.41 % change on previous year | -60.8% |
| 2002 | -5.58 % change on previous year | -263.5% |
| 2003 | 10.62 % change on previous year | -290.2% |
| 2004 | 24.33 % change on previous year | +129.2% |
| 2005 | 6.91 % change on previous year | -71.6% |
| 2006 | -7.05 % change on previous year | -202.0% |
| 2007 | 3.05 % change on previous year | -143.2% |
| 2008 | -5.05 % change on previous year | -265.7% |
| 2009 | 2.96 % change on previous year | -158.7% |
| 2010 | 4.5 % change on previous year | +51.9% |
| 2011 | -10.15 % change on previous year | -325.7% |
| 2012 | 3.52 % change on previous year | -134.6% |
| 2013 | -3.88 % change on previous year | -210.3% |
| 2014 | -2.32 % change on previous year | -40.3% |
| 2015 | 2.52 % change on previous year | -208.8% |
| 2016 | 0.0458 % change on previous year | -98.2% |
| 2017 | 2.87 % change on previous year | +6160.7% |
| 2018 | 11.84 % change on previous year | +313.2% |
| 2019 | 6.02 % change on previous year | -49.1% |
| 2020 | -1.44 % change on previous year | -123.9% |
| 2021 | 9.82 % change on previous year | -783.5% |
| 2022 | 5.74 % change on previous year | -41.5% |
| 2023 | 2.8 % change on previous year | -51.2% |
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate in Gambia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2017 | +6160.7% | 0.0458 % change on previous year | 2.87 % change on previous year |
| 1981 | +5050.3% | 0.3579 % change on previous year | 18.43 % change on previous year |
| 1999 | +1301.7% | 0.6189 % change on previous year | 8.68 % change on previous year |
| 1988 | +1257.4% | 0.2104 % change on previous year | 2.86 % change on previous year |
| 1968 | +1160.6% | -0.6495 % change on previous year | 6.89 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3.34 % change on previous year | -6.39 % change on previous year | 11.78 % change on previous year | 9 |
| 1970s | 4.03 % change on previous year | -3.04 % change on previous year | 14.82 % change on previous year | 10 |
| 1980s | 3.81 % change on previous year | -4.36 % change on previous year | 18.43 % change on previous year | 10 |
| 1990s | 2.96 % change on previous year | 0.2537 % change on previous year | 8.68 % change on previous year | 10 |
| 2000s | 4.23 % change on previous year | -7.05 % change on previous year | 24.33 % change on previous year | 10 |
| 2010s | 1.5 % change on previous year | -10.15 % change on previous year | 11.84 % change on previous year | 10 |
| 2020s | 4.23 % change on previous year | -1.44 % change on previous year | 9.82 % change on previous year | 4 |
Countries ranked near Gambia
- 79 Saint Lucia 2.92 % change on previous year compare
- 80 Guinea-Bissau 2.92 % change on previous year compare
- 81 Bangladesh 2.87 % change on previous year compare
- 83 British Virgin Islands 2.76 % change on previous year compare
- 84 Brunei 2.74 % change on previous year compare
- 85 Sao Tome and Principe 2.73 % change on previous year 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -665,150 BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0003 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita -0.241 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 232.36 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 13.05 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0966 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 84.19 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 8.98 % change on previous year (2024)
Frequently asked questions
- What is gross domestic product (gdp), annual growth rate in Gambia?
- Gross domestic product (gdp), annual growth rate in Gambia was 2.8 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Gambia?
- The highest recorded value was 24.33 % change on previous year in 2004.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Gambia?
- The lowest recorded value was -10.15 % change on previous year in 2011.
- How does Gambia rank for gross domestic product (gdp), annual growth rate?
- Gambia ranks 82nd out of 184 countries with data for 2023.
- Is gross domestic product (gdp), annual growth rate rising or falling in Gambia?
- Over the last ten years it is up 172.2%. The long-run trend across the full record is volatile.
- Where does this Gambia data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 63 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.