Constant GDP per capita for the Republic of the Gambia
NYGDPPCAPKDGMB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
752.34
Year-over-Year Change
17.71%
Date Range
1/1/1966 - 1/1/2024
Summary
This indicator measures the Constant GDP per capita for the Republic of the Gambia, providing insights into the country's economic growth and development.
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
Constant GDP per capita is a key metric used to assess a country's economic performance and living standards. It tracks the total economic output divided by the population, adjusted for inflation to enable comparisons over time.
Methodology
The data is calculated by the World Bank using national accounts and population data.
Historical Context
This trend is closely watched by policymakers, economists, and international organizations to evaluate The Gambia's economic progress and formulate appropriate policies.
Key Facts
- The Gambia's constant GDP per capita was $686.90 in 2021.
- Constant GDP per capita in The Gambia has grown by an average of 1.2% per year over the past decade.
- The Gambia's constant GDP per capita is significantly lower than the global average.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the Constant GDP per capita for the Republic of the Gambia, which represents the total economic output divided by the population, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Constant GDP per capita is a key metric used to assess a country's economic performance and living standards, making it highly relevant for policymakers, economists, and international organizations evaluating The Gambia's economic progress.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and population data.
Q: How is this trend used in economic policy?
A: This trend is closely watched by policymakers, economists, and international organizations to evaluate The Gambia's economic progress and formulate appropriate policies to support its economic development.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, and there may be some delays in the most recent updates.
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Citation
U.S. Federal Reserve, Constant GDP per capita for the Republic of the Gambia (NYGDPPCAPKDGMB), retrieved from FRED.