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) $5,955,628,693 (2018)
GDP Growth Rate (annual %) 6.547% (2018)
GDP Per Capita, PPP (current international) $2,612 (2018)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 165/196 (2018)

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 %) 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)
Click on a row to display its 5-year graph on the right.

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)
Click on a row to display its 5-year graph on the right.

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)
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