Economic Growth in Gambia, The
The Gambia's economy recorded an average growth rate of 3.7% in the decade leading to 2021. In 2021, real GDP growth was 5.3%. For more GDP information, visit our dedicated page.
Gambia, The GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Gambia, The from 2023 to 2017.
Source: Macrobond.
Gambia, The GDP Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Economic Growth (Real GDP, ann. var. %) | 0.6 | 5.3 | 5.5 | 5.0 | 5.3 |
| GDP (USD bn) | 1.8 | 2.0 | 2.2 | 2.3 | 2.3 |
| GDP (GMD bn) | 93.3 | 105.5 | 121.1 | 140.5 | 159.7 |
| Economic Growth (Nominal GDP, ann. var. %) | 2.8 | 13.0 | 14.8 | 16.0 | 13.7 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Gambian GDP projections for the next ten years from a panel of 3 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Gambian GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Gambian GDP projections.
Want to get access to the full dataset of Gambian GDP forecasts? Send an email to info@focus-economics.com.