Real Gross Domestic Product for Gambia, The
GMBNGDPRPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.03
Year-over-Year Change
-457.28%
Date Range
1/1/2000 - 1/1/2026
Summary
The Real Gross Domestic Product (GDP) for Gambia, The measures the total value of goods and services produced in the country, adjusted for inflation. It is a key indicator of economic growth and serves as an important benchmark for policymakers.
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
The Real GDP for Gambia, The represents the total market value of all final goods and services produced within the country's borders during a specific period, adjusted to remove the effects of price changes. It is a widely-used metric for evaluating the overall health and performance of Gambia's economy.
Methodology
The data is calculated by the Gambian government based on surveys, administrative records, and statistical models.
Historical Context
Policymakers and analysts use this metric to inform economic and fiscal policies aimed at promoting sustainable growth.
Key Facts
- Gambia's Real GDP grew by 6.1% in 2021.
- Agriculture accounts for nearly one-quarter of Gambia's Real GDP.
- The COVID-19 pandemic caused Gambia's Real GDP to contract by 0.2% in 2020.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product (GDP) for Gambia, The measures the total value of goods and services produced in the country, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a key indicator of economic growth and performance, serving as an important benchmark for policymakers and analysts to evaluate the overall health of Gambia's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the Gambian government based on surveys, administrative records, and statistical models.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to inform economic and fiscal policies aimed at promoting sustainable growth in Gambia.
Q: Are there update delays or limitations?
A: The data may be subject to revisions and updates based on new information or changes in methodology.
Related Trends
Value of Exports to Gambia from Arkansas
ARGMBA052SCEN
Claims on Private Sector for Gambia, The
GMBFDSAOPPCPPPT
Literacy Rate, Adult Total for the Republic of the Gambia
SEADTLITRZSGMB
Number of Identified Exporters to Gambia from Maryland
MDGMBA475SCEN
Geographical Outreach: Number of Credit Unions and Financial Cooperatives for Gambia, The
GMBFCIODUNUM
Population, Total for Gambia
POPTOTGM52647NWDB
Citation
U.S. Federal Reserve, Real Gross Domestic Product for Gambia, The (GMBNGDPRPCPPPT), retrieved from FRED.