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) | $5,955,628,693 (2018) |
| GDP Growth Rate (annual %) | 6.547% (2018) |
| GDP Per Capita, PPP (current international) | $2,612 (2018) |
GDP Country Rank 165/196 (2018)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 6.521% (2018) |
| External debt stocks, total (DOD, current US$) | $681,391,025 (2018) |
| Total tax rate (% of commercial profits) | 48.4% (2019) |
| Real Interest Rate (5 year average %) | 21.67% (2018) |
| Manufacturing, value added (% of GDP) | 4.416% (2018) |
| Current Account Balance (BoP, current US$) | ($78,645,905) (2018) |
Labor and Employment [1]
| Labor Force, Total | 781,558 (2019) |
| Employment in Agriculture (% of total employment) | 29.518% (2019) |
| Employment in Industry (% of total employment) | 16.043% (2019) |
| Employment in Services (% of total employment) | 54.439% (2019) |
| Unemployment Rate | 8.898% (2019) |
Trade [1]
| Imports of goods and services (current US$) | $677,801,015 (2018) |
| Exports of goods and services (current US$) | $356,833,564 (2018) |
| Total Merchandise Trade (% of GDP) | 43.238% (2018) |
| FDI, net inflows (BoP, current US$) | $29,146,667 (2018) |
| Commercial Service Exports (current US$) | $196,688,406 (2018) |
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.