Gross Fixed Capital Formation — Value Standard Local Currency in Gambia
Gambia: Gross Fixed Capital Formation — Value Standard Local Currency was 65,538 million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in Gambia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Gambia recorded 65,538 million SLC for gross fixed capital formation — value standard local currency in 2024. That is the highest value across all 55 years on record.
That represents a change of up 63.7% on the previous year and up 667.0% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in Gambia peaked at 65,538 million SLC in 2024 and was at its lowest, 26.22 million SLC, in 1972.
Gambia ranks 117th of 202 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 Fixed Capital Formation — Value Standard Local Currency in Gambia, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 41.75 million SLC | — |
| 1971 | 50.11 million SLC | +20.0% |
| 1972 | 26.22 million SLC | -47.7% |
| 1973 | 43.59 million SLC | +66.3% |
| 1974 | 40.9 million SLC | -6.2% |
| 1975 | 72.71 million SLC | +77.8% |
| 1976 | 159.07 million SLC | +118.8% |
| 1977 | 198.25 million SLC | +24.6% |
| 1978 | 174.94 million SLC | -11.8% |
| 1979 | 185.96 million SLC | +6.3% |
| 1980 | 207.11 million SLC | +11.4% |
| 1981 | 162.01 million SLC | -21.8% |
| 1982 | 152.75 million SLC | -5.7% |
| 1983 | 220.07 million SLC | +44.1% |
| 1984 | 251.11 million SLC | +14.1% |
| 1985 | 302.43 million SLC | +20.4% |
| 1986 | 383.66 million SLC | +26.9% |
| 1987 | 785.71 million SLC | +104.8% |
| 1988 | 1,358 million SLC | +72.9% |
| 1989 | 1,567 million SLC | +15.4% |
| 1990 | 1,671 million SLC | +6.6% |
| 1991 | 2,038 million SLC | +22.0% |
| 1992 | 2,618 million SLC | +28.5% |
| 1993 | 2,402 million SLC | -8.2% |
| 1994 | 2,109 million SLC | -12.2% |
| 1995 | 2,472 million SLC | +17.2% |
| 1996 | 2,939 million SLC | +18.9% |
| 1997 | 2,339 million SLC | -20.4% |
| 1998 | 2,720 million SLC | +16.3% |
| 1999 | 2,747 million SLC | +1.0% |
| 2000 | 2,872 million SLC | +4.6% |
| 2001 | 4,457 million SLC | +55.2% |
| 2002 | 8,661 million SLC | +94.3% |
| 2003 | 9,362 million SLC | +8.1% |
| 2004 | 5,022 million SLC | -46.4% |
| 2005 | 4,632 million SLC | -7.8% |
| 2006 | 5,002 million SLC | +8.0% |
| 2007 | 5,048 million SLC | +0.9% |
| 2008 | 4,891 million SLC | -3.1% |
| 2009 | 5,150 million SLC | +5.3% |
| 2010 | 5,114 million SLC | -0.7% |
| 2011 | 5,679 million SLC | +11.0% |
| 2012 | 6,469 million SLC | +13.9% |
| 2013 | 7,277 million SLC | +12.5% |
| 2014 | 8,544 million SLC | +17.4% |
| 2015 | 11,921 million SLC | +39.5% |
| 2016 | 16,046 million SLC | +34.6% |
| 2017 | 16,104 million SLC | +0.4% |
| 2018 | 16,796 million SLC | +4.3% |
| 2019 | 22,384 million SLC | +33.3% |
| 2020 | 30,185 million SLC | +34.8% |
| 2021 | 32,037 million SLC | +6.1% |
| 2022 | 34,661 million SLC | +8.2% |
| 2023 | 40,031 million SLC | +15.5% |
| 2024 | 65,538 million SLC | +63.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 99.35 million SLC | 26.22 million SLC | 198.25 million SLC | 10 |
| 1980s | 539.04 million SLC | 152.75 million SLC | 1,567 million SLC | 10 |
| 1990s | 2,405 million SLC | 1,671 million SLC | 2,939 million SLC | 10 |
| 2000s | 5,510 million SLC | 2,872 million SLC | 9,362 million SLC | 10 |
| 2010s | 11,634 million SLC | 5,114 million SLC | 22,384 million SLC | 10 |
| 2020s | 40,490 million SLC | 30,185 million SLC | 65,538 million SLC | 5 |
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)
- Gross domestic savings (current US$), annual growth rate -5.82 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.0368 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 33.78 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate -0.2313 % change on previous year (2025)
- Gross domestic savings (current LCU), per unit of GDP 2.64 current LCU per US$ of GDP (2025)
- Gross domestic savings (current LCU), per capita 2,424 current LCU per person (2025)
- GNI, Atlas method (current US$), annual growth rate 7.63 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 1.01 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency in Gambia?
- Gross fixed capital formation — value standard local currency in Gambia was 65,538 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency recorded in Gambia?
- The highest recorded value was 65,538 million SLC in 2024.
- What is the lowest gross fixed capital formation — value standard local currency recorded in Gambia?
- The lowest recorded value was 26.22 million SLC in 1972.
- How does Gambia rank for gross fixed capital formation — value standard local currency?
- Gambia ranks 117th out of 202 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in Gambia?
- Over the last ten years it is up 667.0%. 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 Fixed Capital Formation — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
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).