Gross Domestic Product Per Capita for Gambia
PCAGDPGMA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
908.53
Year-over-Year Change
31.18%
Date Range
1/1/1966 - 1/1/2024
Summary
The Gross Domestic Product (GDP) per Capita for Gambia measures the total economic output divided by the country's population. It is a key indicator of a nation's economic health and standard of living.
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
GDP per capita is a metric widely used by economists and policymakers to assess a country's economic performance and development. It provides insights into the average income and productivity levels within Gambia.
Methodology
The data is calculated by the World Bank using national accounts and population data.
Historical Context
GDP per capita trends are closely monitored by governments, international organizations, and investors to inform economic policies and investment decisions.
Key Facts
- Gambia's GDP per capita was $751 in 2021.
- GDP per capita has grown by 36% in Gambia over the past decade.
- Gambia ranks 171st globally in GDP per capita.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) per Capita for Gambia measures the total economic output of the country divided by its population.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a key indicator of a country's economic health and living standards, providing insights into average incomes and productivity levels.
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: GDP per capita trends are closely monitored by governments, international organizations, and investors to inform economic policies and investment decisions.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the World Bank, and may have a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Gambia (PCAGDPGMA646NWDB), retrieved from FRED.