Economic Trivia

About three-quarters of the population depend 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 (2021): Togo, Cote d'Ivoire, and China
Top 3 Exported Goods (2021): Oil & Mineral Fuels, Cereals, and Oil Seeds

Top Industries Source: CIA World Factbook

Processing Peanuts; Fish; Hides; Tourism

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $6,791,578,580 (2022)
GDP Growth Rate (annual %) 4.924% (2022)
GDP Per Capita, PPP (current international) $2,510 (2022)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 164/197 (2022)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 11.513% (2022)
External debt stocks, total (DOD, current US$) $1,073,620,444 (2021)
Total tax rate (% of commercial profits) 48.4% (2019)
Real Interest Rate (5 year average %) 10.805% (2021)
Manufacturing, value added (% of GDP) 1.712% (2022)
Current Account Balance (BoP, current US$) ($94,081,349) (2021)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 947,408 (2022)
Employment in Agriculture (% of total employment) 48.522% (2021)
Employment in Industry (% of total employment) 7.385% (2021)
Employment in Services (% of total employment) 44.094% (2021)
Unemployment Rate 4.78% (2022)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $699,376,640 (2022)
Exports of goods and services (current US$) $103,871,094 (2022)
Total Merchandise Trade (% of GDP) 28.508% (2022)
FDI, net inflows (BoP, current US$) $236,000,000 (2022)
Commercial Service Exports (current US$) $103,792,193 (2021)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

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

Sources

  1. The World Bank