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 (2019): Cote d'Ivoire, India, and China
Top 3 Exported Goods (2019): Oil & Mineral Fuels, Wood, and Fats & Oils

Top Industries Source: CIA World Factbook

Processing Peanuts; Fish; Hides; Tourism

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $5,495,999,139 (2020)
GDP Growth Rate (annual %) -0.216% (2020)
GDP Per Capita, PPP (current international) $2,274 (2020)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 165/197 (2020)

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 %) 5.931% (2020)
External debt stocks, total (DOD, current US$) $775,654,200 (2020)
Total tax rate (% of commercial profits) 48.4% (2019)
Real Interest Rate (5 year average %) 20.462% (2020)
Manufacturing, value added (% of GDP) 2.841% (2020)
Current Account Balance (BoP, current US$) ($88,026,320) (2020)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 775,068 (2020)
Employment in Agriculture (% of total employment) 26.569% (2020)
Employment in Industry (% of total employment) 15.771% (2020)
Employment in Services (% of total employment) 57.66% (2020)
Unemployment Rate 9.64% (2020)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $689,122,883 (2020)
Exports of goods and services (current US$) $149,412,544 (2020)
Total Merchandise Trade (% of GDP) 40.469% (2020)
FDI, net inflows (BoP, current US$) $71,083,306 (2019)
Commercial Service Exports (current US$) $105,626,034 (2020)
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