The Gambia: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Low Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| 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. |
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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 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) | $1,677 (2016) |
GDP Country Rank 167/195 (2016)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 7.22% (2016) |
| External debt stocks, total (DOD, current US$) | $505,448,000 (2016) |
| Total tax rate (% of commercial profits) | 51.3% (2017) |
| Real Interest Rate (5 year average %) | 21.931% (2014) |
| Manufacturing, value added (% of GDP) | 4.85% (2016) |
| Current Account Balance (BoP, current US$) | ($95,561,108) (2016) |
Labor and Employment [1]
| Labor Force, Total | 680,397 (2017) |
| Employment in Agriculture (% of total employment) | 27.075% (2017) |
| Employment in Industry (% of total employment) | 15.31% (2017) |
| Employment in Services (% of total employment) | 57.615% (2017) |
| Unemployment Rate | 9.45% (2017) |
Trade [1]
| Imports of goods and services (current US$) | $404,200,831 (2016) |
| Exports of goods and services (current US$) | $231,491,150 (2016) |
| Total Merchandise Trade (% of GDP) | 49.253% (2016) |
| FDI, net inflows (BoP, current US$) | ($1,526,519) (2016) |
| Commercial Service Exports (current US$) | $136,975,385 (2016) |
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.