Gross Domestic Product — Value Standard Local Currency, annual growth in Gambia
Gambia: Gross Domestic Product — Value Standard Local Currency, annual growth was 14.59 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, annual growth in Gambia, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product — value standard local currency, annual growth in Gambia is 14.59 % change on previous year, measured in 2024.
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 — value standard local currency, annual growth in Gambia peaked at 44.95 % change on previous year in 1973 and was at its lowest, -3.93 % change on previous year, in 2011.
That places Gambia 34th out of 218 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.
Gross Domestic Product — Value Standard Local Currency, annual growth in Gambia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 3.42 % change on previous year | — |
| 1972 | 26.82 % change on previous year | +683.4% |
| 1973 | 44.95 % change on previous year | +67.6% |
| 1974 | 31.57 % change on previous year | -29.8% |
| 1975 | 26.71 % change on previous year | -15.4% |
| 1976 | 13.18 % change on previous year | -50.7% |
| 1977 | 8.84 % change on previous year | -32.9% |
| 1978 | 8.13 % change on previous year | -8.0% |
| 1979 | -0.7357 % change on previous year | -109.0% |
| 1980 | 3.12 % change on previous year | -524.0% |
| 1981 | 22.49 % change on previous year | +621.2% |
| 1982 | 15.48 % change on previous year | -31.2% |
| 1983 | 13.94 % change on previous year | -10.0% |
| 1984 | 32.96 % change on previous year | +136.4% |
| 1985 | 37.08 % change on previous year | +12.5% |
| 1986 | 20.82 % change on previous year | -43.8% |
| 1987 | 14.25 % change on previous year | -31.6% |
| 1988 | 18.94 % change on previous year | +32.9% |
| 1989 | 17.52 % change on previous year | -7.5% |
| 1990 | 13.42 % change on previous year | -23.4% |
| 1991 | 8.13 % change on previous year | -39.4% |
| 1992 | 5.39 % change on previous year | -33.6% |
| 1993 | 8.31 % change on previous year | +54.0% |
| 1994 | 3.94 % change on previous year | -52.6% |
| 1995 | 4.88 % change on previous year | +23.9% |
| 1996 | 10.78 % change on previous year | +120.9% |
| 1997 | -1.36 % change on previous year | -112.6% |
| 1998 | 9.1 % change on previous year | -768.3% |
| 1999 | 3.81 % change on previous year | -58.2% |
| 2000 | 7.84 % change on previous year | +105.8% |
| 2001 | 7.71 % change on previous year | -1.6% |
| 2002 | 6.8 % change on previous year | -11.8% |
| 2003 | 20.65 % change on previous year | +203.5% |
| 2004 | 25.08 % change on previous year | +21.5% |
| 2005 | 1.67 % change on previous year | -93.4% |
| 2006 | 0.7403 % change on previous year | -55.5% |
| 2007 | 7.59 % change on previous year | +925.6% |
| 2008 | 8.89 % change on previous year | +17.0% |
| 2009 | 11.48 % change on previous year | +29.2% |
| 2010 | 11.89 % change on previous year | +3.5% |
| 2011 | -3.93 % change on previous year | -133.1% |
| 2012 | 9.29 % change on previous year | -336.3% |
| 2013 | 8.98 % change on previous year | -3.4% |
| 2014 | 3.73 % change on previous year | -58.4% |
| 2015 | 14.17 % change on previous year | +279.9% |
| 2016 | 9.92 % change on previous year | -30.0% |
| 2017 | 8.93 % change on previous year | -9.9% |
| 2018 | 14.48 % change on previous year | +62.1% |
| 2019 | 13.07 % change on previous year | -9.8% |
| 2020 | 2.79 % change on previous year | -78.6% |
| 2021 | 13.03 % change on previous year | +366.4% |
| 2022 | 14.79 % change on previous year | +13.6% |
| 2023 | 21.15 % change on previous year | +42.9% |
| 2024 | 14.59 % change on previous year | -31.0% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, annual growth 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 |
|---|---|---|---|
| 2007 | +925.6% | 0.7403 % change on previous year | 7.59 % change on previous year |
| 1998 | +768.3% | -1.36 % change on previous year | 9.1 % change on previous year |
| 1972 | +683.4% | 3.42 % change on previous year | 26.82 % change on previous year |
| 1981 | +621.2% | 3.12 % change on previous year | 22.49 % change on previous year |
| 1980 | +524.0% | -0.7357 % change on previous year | 3.12 % change on previous year |
| 2021 | +366.4% | 2.79 % change on previous year | 13.03 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 18.1 % change on previous year | -0.7357 % change on previous year | 44.95 % change on previous year | 9 |
| 1980s | 19.66 % change on previous year | 3.12 % change on previous year | 37.08 % change on previous year | 10 |
| 1990s | 6.64 % change on previous year | -1.36 % change on previous year | 13.42 % change on previous year | 10 |
| 2000s | 9.85 % change on previous year | 0.7403 % change on previous year | 25.08 % change on previous year | 10 |
| 2010s | 9.05 % change on previous year | -3.93 % change on previous year | 14.48 % change on previous year | 10 |
| 2020s | 13.27 % change on previous year | 2.79 % change on previous year | 21.15 % change on previous year | 5 |
Countries ranked near Gambia
- 31 Zimbabwe 14.95 % change on previous year compare
- 32 Samoa 14.9 % change on previous year compare
- 33 Belize 14.64 % change on previous year compare
- 35 Burkina Faso 14.35 % change on previous year compare
- 36 Kyrgyzstan 14.21 % change on previous year compare
- 37 Russia 14.02 % 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 — value standard local currency, annual growth in Gambia?
- Gross domestic product — value standard local currency, annual growth in Gambia was 14.59 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, annual growth recorded in Gambia?
- The highest recorded value was 44.95 % change on previous year in 1973.
- What is the lowest gross domestic product — value standard local currency, annual growth recorded in Gambia?
- The lowest recorded value was -3.93 % change on previous year in 2011.
- How does Gambia rank for gross domestic product — value standard local currency, annual growth?
- Gambia ranks 34th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency, annual growth 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 Statizoid (derived), published as part of Gross Domestic Product — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 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 — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency Food and Agriculture Organization of the United Nations
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 — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.