Gambia GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Gambia expanded 5.60 percent in 2013 from the previous year. GDP Annual Growth Rate in Gambia is reported by the Central Bank of The Gambia. GDP Annual Growth Rate in Gambia averaged 4.38 Percent from 1968 until 2013, reaching an all time high of 12.39 Percent in 1975 and a record low of -4.60 Percent in 2011. 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. This page provides - Gambia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-21

Actual Previous Highest Lowest Forecast Dates Unit Frequency
5.60 6.10 12.39 -4.60 6.09 | 2014/06 1968 - 2013 Percent Yearly

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Gambia GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 0.92 2012-12-31 0.89 0.98 0.04 0.91 2013-12-31 USD Billion [+]
GDP Annual Growth Rate 5.60 2013-12-31 6.10 12.39 -4.60 6.09 2014-06-30 Percent [+]
GDP per capita 444.23 2012-12-31 432.63 466.65 341.19 442.88 2013-12-31 USD [+]
GDP per capita PPP 1679.02 2012-12-31 1635.17 1763.78 1522.63 1707.79 2013-12-31 USD [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Gambia Interest Rate at 20.00 Percent  
The benchmark interest rate in Gambia was last recorded at 20 percent. Interest Rate in Gambia is reported by the Central Bank of The Gambia.
Gambia Inflation Rate at 5.60 Percent  
The inflation rate in Gambia was recorded at 5.60 percent in December of 2013. Inflation Rate in Gambia is reported by the Central Statistics Department of The Gambia.
Gambia Government Budget at -8.00 Percent of GDP  
Gambia recorded a Government Budget deficit equal to 8 percent of the country's Gross Domestic Product in 2013. Government Budget in Gambia is reported by the Central Bank of The Gambia.
Gambia Sales Tax Rate | VAT at 15.00 Percent  
The Sales Tax Rate in Gambia stands at 15 percent. Sales Tax Rate in Gambia is reported by the Ministry of Finance.
Gambia Current Account to GDP at 11.30 Percent  
Gambia recorded a Current Account surplus of 11.30 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Gambia is reported by the Central Bank of The Gambia.
Gambia GDP Annual Growth Rate at 5.60 Percent  
The Gross Domestic Product (GDP) in Gambia expanded 5.60 percent in 2013 from the previous year. GDP Annual Growth Rate in Gambia is reported by the Central Bank of The Gambia.
Gambia Balance of Trade at -1159.07 million GMD  
Gambia recorded a trade deficit of 1159.07 million GMD in the third quarter of 2013. Balance of Trade in Gambia is reported by the Central Bank of The Gambia.
Gambia Current Account at 587.48 Dalasi Million  
Gambia recorded a Current Account surplus of 587.48 Dalasi Million in the third quarter of 2013. Current Account in Gambia is reported by the Central Bank of The Gambia.
Gambia Imports at 2306.40 million GMD  
Imports in Gambia decreased to 2306.40 million GMD in the third quarter of 2013 from 2403.40 million GMD in the second quarter of 2013. Imports in Gambia is reported by the Central Bank of The Gambia.
Gambia Exports at 1147.33 million GMD  
Exports in Gambia increased to 1147.33 million GMD in the third quarter of 2013 from 1132.24 million GMD in the second quarter of 2013. Exports in Gambia is reported by the Central Bank of The Gambia.
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