The Gross Domestic Product (GDP) in Gambia contracted 0.20 percent in the fourth quarter of 2020 over the same quarter of the previous year. source: GBoS - Gambia Bureau of Statistics

GDP Annual Growth Rate in Gambia averaged 3.71 percent from 1968 until 2020, 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 November of 2021.

GDP Annual Growth Rate in Gambia is expected to reach 4.80 percent by the end of 2021, 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 6.00 percent in 2022 and 7.00 percent in 2023, according to our econometric models.

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Gambia GDP Annual Growth Rate


Related Last Previous Unit Reference
GDP Annual Growth Rate -0.20 6.20 percent Dec/20
GDP From Utilities 781691498.00 742352361.00 GMD Thousand Dec/20
GDP From Transport 2064204635.00 2324319630.00 GMD Thousand Dec/20
GDP From Services 33.00 35.00 GMD Thousand Dec/20
GDP From Public Administration 1810087933.00 1718400630.00 GMD Thousand Dec/20
GDP From Mining 429027278.00 342169621.00 GMD Thousand Dec/20
GDP From Manufacturing 1859919502.00 2359970976.00 GMD Thousand Dec/20
GDP From Construction 8155249042.00 6793518254.00 GMD Thousand Dec/20
GDP From Agriculture 5223279581.00 4467407136.00 GMD Thousand Dec/20
GDP Constant Prices 61644340411.00 61769002853.00 GMD Thousand Dec/20
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.