The Gambia: Economy

Economic Trivia

About three-quarters of the population depends on the agricultural sector for its livelihood and the sector provides for about one-quarter of GDP.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2014): Cote d'Ivoire, Brazil, and China
Top 3 Exported Goods (2014): Manmade Filaments, Wood, and Industrial Machinery

Top Industries Source: CIA World Factbook

Processing Peanuts; Fish; Hides; Tourism

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $3,155,411,412 (2014)
GDP Growth Rate (annual %) 0.877% (2014)
GDP Per Capita, PPP (current international) $1,636 (2014)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 168/193 (2014)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 5.947% (2014)
External debt stocks, total (DOD, current US$) $500,102,000 (2014)
Total tax rate (% of commercial profits) 63.3% (2015)
Real Interest Rate (5 year average %) 18.629% (2014)
Manufacturing, value added (% of GDP) 5.837% (2014)
Current Account Balance (BoP, current US$) $58,021,072 (2012)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 801,157 (2014)
Employment in Agriculture (% of total employment) 31.5% (2014)
Employment in Industry (% of total employment) 13.9% (2014)
Employment in Services (% of total employment) 54.6% (2014)
Unemployment Rate 7% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $369,407,437 (2013)
Exports of goods and services (current US$) $263,866,428 (2013)
Total Merchandise Trade (% of GDP) 56.204% (2014)
FDI, net inflows (BoP, current US$) $10,595,714 (2015)
Commercial Service Exports (current US$) $151,464,506 (2012)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, The Gambia’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary