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 (2016): Cote d'Ivoire, Guinea-Bissau, and Brazil
Top 3 Exported Goods (2016): Oil Seeds, Cereal, Flour & Starch, and Textile Articles

Top Industries Source: CIA World Factbook

Processing Peanuts; Fish; Hides; Tourism

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $3,418,290,516 (2016)
GDP Growth Rate (annual %) 2.216% (2016)
GDP Per Capita, PPP (current international) $1,677 (2016)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 167/195 (2016)

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 %) 7.22% (2016)
External debt stocks, total (DOD, current US$) $505,448,000 (2016)
Total tax rate (% of commercial profits) 51.3% (2017)
Real Interest Rate (5 year average %) 21.931% (2014)
Manufacturing, value added (% of GDP) 4.85% (2016)
Current Account Balance (BoP, current US$) ($95,561,108) (2016)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 680,397 (2017)
Employment in Agriculture (% of total employment) 27.075% (2017)
Employment in Industry (% of total employment) 15.31% (2017)
Employment in Services (% of total employment) 57.615% (2017)
Unemployment Rate 9.45% (2017)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $404,200,831 (2016)
Exports of goods and services (current US$) $231,491,150 (2016)
Total Merchandise Trade (% of GDP) 49.253% (2016)
FDI, net inflows (BoP, current US$) ($1,526,519) (2016)
Commercial Service Exports (current US$) $136,975,385 (2016)
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