The Gross Domestic Product (GDP) in Gambia expanded 5.40 percent in 2019 from the previous year.

GDP Annual Growth Rate in Gambia averaged 3.77 percent from 1968 until 2019, reaching an all time high of 12.39 percent in 1975 and a record low of -8.10 percent in 2011. This page provides - Gambia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Gambia GDP Annual Growth Rate - values, historical data and charts - was last updated on July of 2020.

GDP Annual Growth Rate in Gambia is expected to reach -1.20 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Gambia GDP Annual Growth Rate is projected to trend around 4.00 percent in 2021 and 5.00 percent in 2022, according to our econometric models.

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Gambia GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.40 6.60 12.39 -8.10 1968 - 2019 percent Yearly
2013=100, NSA

Gambia GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 5.40 6.60 12.39 -8.10 percent [+]
GDP 1.76 1.62 1.76 0.04 USD Billion [+]
GDP per capita 518.80 501.30 537.70 404.10 USD [+]
GDP per capita PPP 1516.70 1465.30 1551.60 1345.50 USD [+]
GDP Constant Prices 57777815975.00 54227525507.00 57777815975.00 11741275.00 GMD Thousand [+]
GDP From Agriculture 5704726584.00 5352138357.00 12314152034.00 2751330.00 GMD Thousand [+]
GDP From Construction 5469794833.00 5372347563.00 5469794833.00 723080.00 GMD Thousand [+]
GDP From Manufacturing 2526253675.00 2519157817.00 2941519749.00 795430.00 GMD Thousand [+]
GDP From Mining 295694513.00 243235875.00 295694513.00 25920.00 GMD Thousand [+]
GDP From Public Administration 1600367327.00 1292970362.00 1727435505.00 302830.00 GMD Thousand [+]
GDP From Services 33151173982.00 30164904395.00 33151173982.00 7708290.00 GMD Thousand [+]
GDP From Transport 2342948673.00 1957388169.00 2342948673.00 935620.00 GMD Thousand [+]
GDP From Utilities 600148304.00 529873561.00 600148304.00 91330.00 GMD Thousand [+]


Gambia GDP Annual Growth Rate
Gambia, the smallest country in continental Africa, is one of the poorest nations in the world. Over 60 percent of population live below poverty line and the country depends on regular foreign aid to balance its budget. The main sector of the economy is agriculture, 75 percent of population depend on crops and livestock. In recent years, Gambia’s economy has been steadily growing due to development of tourism, inflow of remittances and re-exports. And the government is trying to keep the pace of expansion by undertaking reforms focusing on the modernization of the agriculture.