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Gambia GDP

Gambia's GDP rose to $2.51 billion in 2024, up from $2.4 billion in 2023, according to World Bank. This represents an increase of 4.6% ($111.41 million) from the previous year. The Gambia has GDP lower than the global median ($2.51 billion vs median $35.85 billion). Compared with the median in Africa, the Gambia is lower ($2.51 billion vs regional median $20.75 billion) and ranks 46th out of 52 countries in Africa.

Gambia's GDP per capita rose to $752.34 in 2024, up from $727.84 in 2023.

Yearly Historical Data (1966-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 2.51
2023 2.4
2022 2.2
2021 2.01
2020 1.81
2019 1.81
2018 1.67
2017 1.5
2016 1.48
2015 1.38
2014 1.23
2013 1.38
2012 1.42
2011 1.41
2010 1.54
2009 1.45
2008 1.56
2007 1.28
2006 1.05
2005 1.03
2004 0.96
2003 0.49
2002 0.58
2001 0.69
2000 0.78
1999 0.81
1998 0.84
1997 0.8
1996 0.85
1995 0.79
1994 0.75
1993 0.76
1992 0.71
1991 0.69
1990 0.32
1989 0.28
1988 0.27
1987 0.22
1986 0.19
1985 0.23
1984 0.18
1983 0.21
1982 0.22
1981 0.22
1980 0.24
1979 0.21
1978 0.17
1977 0.14
1976 0.11
1975 0.12
1974 0.1
1973 0.08
1972 0.06
1971 0.06
1970 0.05
1969 0.05
1968 0.04
1967 0.05
1966 0.04
Gambia GDP : Definition
GDP measures the total value of all goods and services produced in Gambia, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 5.75% 4.8% 2024
GDP per Capita $752.34 $727.84 2024
GDP per Capita PPP $3,030.97 $2,932.28 2024
R&D Expenditure (% GDP) 0.07% 0.08% 2018
Real GDP $2.08B $1.96B 2024