The Gross Domestic Product (GDP) in Gambia expanded 6.50 percent in 2018 from the previous year. Gambia GDP Annual Growth Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

GDP Annual Growth Rate in Gambia averaged 3.73 percent from 1968 until 2018, 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.

GDP Annual Growth Rate in Gambia is expected to reach 5.30 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 5.00 percent in 2021, according to our econometric models.

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Gambia GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.50 4.80 12.39 -8.10 1968 - 2018 percent Yearly
2013=100, NSA

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.