Output-side Real GDP at Current Purchasing Power Parities for Gambia
CGDPOSGMA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,678.67
Year-over-Year Change
8.82%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the real gross domestic product (GDP) of Gambia, adjusted for purchasing power parity (PPP). It provides insight into the size and growth of Gambia's economy.
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 Output-side Real GDP at Current Purchasing Power Parities for Gambia tracks the total value of all goods and services produced within Gambia's borders, adjusted for differences in purchasing power across countries. This metric is useful for comparing economic activity and living standards between nations.
Methodology
The data is calculated by the World Bank using national accounts information and PPP conversion factors.
Historical Context
Policymakers and analysts use this metric to assess Gambia's economic performance and competitiveness.
Key Facts
- Gambia's GDP was $7.4 billion in 2021.
- Gambia's economy grew by 4.5% in 2021.
- Gambia's GDP per capita in 2021 was $3,700.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Gambia, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and growth of Gambia's economy, allowing for better comparisons of economic activity and living standards between countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts information and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Gambia's economic performance and competitiveness relative to other countries.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Gambia (CGDPOSGMA666NRUG), retrieved from FRED.