Gross Domestic Product — Value Standard Local Currency in Gambia
Gambia: Gross Domestic Product — Value Standard Local Currency was 168,109 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Gambia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Gambia recorded 168,109 million SLC for gross domestic product — value standard local currency in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 14.6% on the previous year and up 227.6% over ten years.
Over the whole period, gross domestic product — value standard local currency in Gambia peaked at 168,109 million SLC in 2024 and was at its lowest, 333.59 million SLC, in 1970.
Gambia ranks 144th of 218 countries on this measure, 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 — Value Standard Local Currency in Gambia, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 333.59 million SLC | — |
| 1971 | 345.01 million SLC | +3.4% |
| 1972 | 437.52 million SLC | +26.8% |
| 1973 | 634.2 million SLC | +45.0% |
| 1974 | 834.4 million SLC | +31.6% |
| 1975 | 1,057 million SLC | +26.7% |
| 1976 | 1,197 million SLC | +13.2% |
| 1977 | 1,302 million SLC | +8.8% |
| 1978 | 1,408 million SLC | +8.1% |
| 1979 | 1,398 million SLC | -0.7% |
| 1980 | 1,441 million SLC | +3.1% |
| 1981 | 1,766 million SLC | +22.5% |
| 1982 | 2,039 million SLC | +15.5% |
| 1983 | 2,323 million SLC | +13.9% |
| 1984 | 3,089 million SLC | +33.0% |
| 1985 | 4,234 million SLC | +37.1% |
| 1986 | 5,116 million SLC | +20.8% |
| 1987 | 5,845 million SLC | +14.3% |
| 1988 | 6,952 million SLC | +18.9% |
| 1989 | 8,170 million SLC | +17.5% |
| 1990 | 9,266 million SLC | +13.4% |
| 1991 | 10,019 million SLC | +8.1% |
| 1992 | 10,560 million SLC | +5.4% |
| 1993 | 11,437 million SLC | +8.3% |
| 1994 | 11,887 million SLC | +3.9% |
| 1995 | 12,467 million SLC | +4.9% |
| 1996 | 13,811 million SLC | +10.8% |
| 1997 | 13,623 million SLC | -1.4% |
| 1998 | 14,863 million SLC | +9.1% |
| 1999 | 15,429 million SLC | +3.8% |
| 2000 | 16,639 million SLC | +7.8% |
| 2001 | 17,921 million SLC | +7.7% |
| 2002 | 19,141 million SLC | +6.8% |
| 2003 | 23,093 million SLC | +20.7% |
| 2004 | 28,886 million SLC | +25.1% |
| 2005 | 29,367 million SLC | +1.7% |
| 2006 | 29,584 million SLC | +0.7% |
| 2007 | 31,831 million SLC | +7.6% |
| 2008 | 34,659 million SLC | +8.9% |
| 2009 | 38,638 million SLC | +11.5% |
| 2010 | 43,231 million SLC | +11.9% |
| 2011 | 41,532 million SLC | -3.9% |
| 2012 | 45,389 million SLC | +9.3% |
| 2013 | 49,464 million SLC | +9.0% |
| 2014 | 51,309 million SLC | +3.7% |
| 2015 | 58,581 million SLC | +14.2% |
| 2016 | 64,390 million SLC | +9.9% |
| 2017 | 70,142 million SLC | +8.9% |
| 2018 | 80,302 million SLC | +14.5% |
| 2019 | 90,794 million SLC | +13.1% |
| 2020 | 93,330 million SLC | +2.8% |
| 2021 | 105,487 million SLC | +13.0% |
| 2022 | 121,093 million SLC | +14.8% |
| 2023 | 146,702 million SLC | +21.1% |
| 2024 | 168,109 million SLC | +14.6% |
Gambia compared with similar countries
- Gambia's 168,109 million SLC is below the median for low income countries, which is 11.93 million million SLC, 1% of the median. (23 countries reporting)
- Gambia's 168,109 million SLC is below the median for Sub-Saharan Africa, which is 8.81 million million SLC, 2% of the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 894.69 million SLC | 333.59 million SLC | 1,408 million SLC | 10 |
| 1980s | 4,098 million SLC | 1,441 million SLC | 8,170 million SLC | 10 |
| 1990s | 12,336 million SLC | 9,266 million SLC | 15,429 million SLC | 10 |
| 2000s | 26,976 million SLC | 16,639 million SLC | 38,638 million SLC | 10 |
| 2010s | 59,513 million SLC | 41,532 million SLC | 90,794 million SLC | 10 |
| 2020s | 126,944 million SLC | 93,330 million SLC | 168,109 million SLC | 5 |
Countries ranked near Gambia
- 141 Trinidad and Tobago 178,372 million SLC compare
- 142 Sierra Leone 170,484 million SLC compare
- 143 Suriname 170,157 million SLC compare
- 145 Tunisia 167,416 million SLC compare
- 146 Tajikistan 151,102 million SLC compare
- 147 Vanuatu 137,465 million SLC 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 in Gambia?
- Gross domestic product — value standard local currency in Gambia was 168,109 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency recorded in Gambia?
- The highest recorded value was 168,109 million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Gambia?
- The lowest recorded value was 333.59 million SLC in 1970.
- How does Gambia rank for gross domestic product — value standard local currency?
- Gambia ranks 144th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Gambia?
- Over the last ten years it is up 227.6%. 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 — Value Standard Local Currency. Statizoid updates them automatically from the source API.
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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).