The Gambia GDP Trends from 1980 to 2024: A overall increase with some decline Flow

The Gambia's GDP changed from approximately $606M in 1980 to $2B 694M in 2024, showing an overall 344.6% sharply increased during the period.
The lowest GDP was recorded in 1986 at $376M, and the highest in 2024 at $2B 694M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 3.4%.
For comparison, the average annual growth rate of Senegal was 4.9%, and that of Guinea was 5.5%.

Overview of The Gambia's GDP (1980–2024)

The Gross Domestic Product (GDP) of The Gambia recorded a 344.6% sharply increased from 1980 to 2024.
The average GDP during this period was $1B 135M, and the median was $1B 8M.
GDP fluctuated within a range of $2B 318M, with a standard deviation of $536M 967K.
The average annual change was $37M 855K.


The Gambia GDP from 1980 to 2024

The total market value of goods and services produced annually in The Gambia.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 1986, $376M
    • Highest GDP: 2024, $2B 694M
    • Most Recent GDP: 2024, $2B 694M

    Notable Annual GDP Changes

    • 2024: Significant increase in GDP
    • 1984: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and The Gambia's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $1B 806M → $1B 809M
    • Outcome: remained stable

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $1B 280M → $1B 450M
    • Outcome: sharply increased

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $1B 10M → $1B 2M
    • Outcome: remained stable

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $983M → $1B 8M
    • Outcome: increased

    Key Economic Indicators of The Gambia (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 606M
    $ 1,007.79
    $ 1,204.57
    $ 724M
    0.705 %
    -19.388 %
    0 %
    0 %
    601,000 people
    1981
    $ 579M
    $ 907.55
    $ 1,123.60
    $ 717M
    -9.523 %
    -5.978 %
    6.08 %
    0 %
    638,000 people
    1982
    $ 548M
    $ 827.98
    $ 1,389.29
    $ 919M
    20.759 %
    -1.162 %
    9.28 %
    0 %
    662,000 people
    1983
    $ 551M
    $ 800.70
    $ 1,575.84
    $ 1B 85M
    13.518 %
    -0.649 %
    8.68 %
    0 %
    688,000 people
    1984
    $ 396M
    $ 552.84
    $ 1,449.04
    $ 1B 38M
    -7.62 %
    -3.368 %
    6.80 %
    0 %
    716,000 people
    1985
    $ 482M
    $ 645.90
    $ 1,488.53
    $ 1B 110M
    3.649 %
    -1.297 %
    7.46 %
    0 %
    746,000 people
    1986
    $ 376M
    $ 484.26
    $ 1,493.31
    $ 1B 159M
    2.364 %
    -0.383 %
    6.12 %
    0 %
    776,000 people
    1987
    $ 504M
    $ 623.61
    $ 1,511.36
    $ 1B 221M
    2.8 %
    -0.839 %
    7.29 %
    0 %
    808,000 people
    1988
    $ 585M
    $ 695.35
    $ 1,528.77
    $ 1B 286M
    1.702 %
    1.636 %
    8.12 %
    0 %
    841,000 people
    1989
    $ 614M
    $ 701.79
    $ 1,592.40
    $ 1B 394M
    4.331 %
    0.844 %
    8.11 %
    0 %
    875,000 people
    1990
    $ 721M
    $ 790.83
    $ 1,677.48
    $ 1B 529M
    5.696 %
    -1.075 %
    7.40 %
    0 %
    911,000 people
    1991
    $ 760M
    $ 801.58
    $ 1,702.12
    $ 1B 614M
    2.163 %
    -0.064 %
    7.76 %
    0 %
    948,000 people
    1992
    $ 820M
    $ 830.59
    $ 1,702
    $ 1B 680M
    1.763 %
    -0.046 %
    8.07 %
    0 %
    987,000 people
    1993
    $ 878M
    $ 840.41
    $ 1,709.06
    $ 1B 786M
    3.833 %
    -1.881 %
    6.63 %
    0 %
    1M 44K people
    1994
    $ 870M
    $ 804.33
    $ 1,629.77
    $ 1B 762M
    -3.398 %
    -1.129 %
    6.40 %
    0 %
    1M 81K people
    1995
    $ 909M
    $ 815.29
    $ 1,667.21
    $ 1B 859M
    3.32 %
    -1.742 %
    9.35 %
    0 %
    1M 115K people
    1996
    $ 949M
    $ 826.19
    $ 1,696.18
    $ 1B 948M
    2.906 %
    -5.548 %
    5.40 %
    0 %
    1M 148K people
    1997
    $ 983M
    $ 818.81
    $ 1,673.98
    $ 2B 9M
    1.417 %
    -0.493 %
    3.26 %
    0 %
    1M 201K people
    1998
    $ 1B 8M
    $ 815.33
    $ 1,748.09
    $ 2B 164M
    6.5 %
    -0.999 %
    −0.19 %
    0 %
    1M 238K people
    1999
    $ 1B 36M
    $ 811.26
    $ 1,828.65
    $ 2B 335M
    6.399 %
    -1.18 %
    0.16 %
    0 %
    1M 277K people