Real GDP Per Capita for Gambia, The
GMBNGDPRPCPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.96
Year-over-Year Change
-145.19%
Date Range
1/1/2000 - 1/1/2026
Summary
The 'Real GDP Per Capita for Gambia, The' measures the inflation-adjusted value of total economic output divided by the country's population. It is a key indicator of economic growth and living standards.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This trend represents the real (inflation-adjusted) Gross Domestic Product per capita in Gambia. It is widely used by economists and policymakers to assess a country's economic development, productivity, and standard of living over time.
Methodology
The data is calculated by the World Bank using national accounts and population statistics.
Historical Context
Trends in real GDP per capita provide crucial insight into a country's economic and social progress.
Key Facts
- Gambia's real GDP per capita was $798 in 2021.
- GDP per capita has grown by 3.1% annually over the past decade.
- Gambia is classified as a low-income developing country by the World Bank.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output of Gambia, adjusted for inflation, divided by the country's population. It provides a measure of the average standard of living and economic productivity.
Q: Why is this trend relevant for users or analysts?
A: Real GDP per capita is a crucial indicator of a country's economic development and the well-being of its citizens. Tracking this trend over time helps analysts and policymakers assess Gambia's progress and make informed decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data on GDP and population statistics.
Q: How is this trend used in economic policy?
A: Trends in real GDP per capita provide valuable insights for economists, policymakers, and international institutions evaluating Gambia's economic performance and designing policies to promote sustainable growth and development.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 year lag due to the time required for collection and analysis. Additionally, GDP per capita may not fully capture inequality or non-monetary aspects of well-being within Gambia.
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Citation
U.S. Federal Reserve, Real GDP Per Capita for Gambia, The (GMBNGDPRPCPCPPPT), retrieved from FRED.