Gambia Ratifies African Continental Free Trade Area
One step closer to a pan-African free trade zone.
The Gambia GDP and Economic Data
Country Report 2017 - Includes The Gambia real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about The Gambia economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of The Gambia best banks and safest banks are also available.
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International Reserves
USD 0.19 billion (2018)
International Monetary Fund (IMF), data retrieved October 2019
Gross Domestic Product - GDP
USD 1.6 billion (2018, estimate)
GDP (Purchasing Power Parity)
Intl$ 6.1 billion (2018, estimate)
Real GDP growth
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |
| 3.5% | 5.7% | 6.5% | 6.5% | -4.3% | 5.6% | 4.8% |
| 2014 | 2015 | 2016 | 2017 | 2018* | ||
| -0.9% | 5.9% | 0.4% | 4.6% | 6.6% |
*Estimate
GDP (PPP) - share of world total
| 1980 | 1990 | 2000 | 2010 | 2019* |
| 0.0% | 0.0% | 0.0% | 0.0% | 0.005% |
*Estimate
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GDP - composition by sector
- agriculture: 23%
- industry: 12.9%
- services: 56.6%
(2017 estimate)
Inflation
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 6.8% | 7.2% | 8% | 6.5% | 6.9% |
*Estimate
Unemployment rate
| 2015 | 2016 | 2017 | 2018 | 2019 |
| N/A | N/A | N/A | N/A | N/A |
*Estimate
Public debt (General government gross debt as a % of GDP)
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 69.4% | 80.9% | 87% | 86.6% | 80.9% |
*Estimate
Public deficit (General government net lending/borrowing as a % of GDP)
| 2015 | 2016 | 2017 | 2018* | 2019* |
| -5.4% | -6.4% | -5% | -6.2% | -3.4% |
*Estimate
Government bond ratings
Standard & Poor's: N/A
Moody's: N/A
Standard & Poor's / Moody's (Updated January 2017)
Source
Market value of publicly traded shares
| 2016 | 2017 | 2018 |
| N/A | N/A | N/A |
Source
Current account balance by percentage of GDP
-13.7% (2017 -9.7 % (2018 estimate))
Exports as percent of GDP (Exports of goods and services)
22.7% (2017)
Shares in world total merchandising export
0.001% (2018)
Shares in world total commercial services export
0.003% (2017)
Export commodities
Peanut products, fish, cotton lint, palm kernels
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Import commodities
Foodstuffs, manufactures, fuel, machinery and transport equipment
Exports - major partners
Guinea-Bissau 51.9%, Vietnam 14.6%, Senegal 8.8%, Mali 7.2% (2017)
Imports - major partners
Cote dIvoire 11.5%, Brazil 10.6%, Spain 10.2%, China 7.8%, Russia 6.4%, Netherlands 5.3%, India 5% (2017)
FDI inflows
| 2016 | 2017 | 2018 |
| USD -28 million | USD 18 million | USD 29 million |
FDI outflows
| 2016 | 2017 | 2018 |
| USD -1.4 million | USD 7.5 million | USD -5.6 million |
Value of cross-border M&A, by country of purchaser
| 2015 | 2016 | 2017 | 2018 |
| N/A | N/A | N/A | N/A |
Cross-border M&A deals worth over $3 billion completed in 2014
N/A
Cross-border M&A deals worth over $3 billion completed in 2015
N/A
Best countries for doing business
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking:
155 out of 190 countries
Subcategories:
Starting a Business: 119 out of 190 countries
Dealing with Construction Permits: 145 out of 190 countries
Getting Electricity: 165 out of 190 countries
Registering Property: 143 out of 190 countries
Getting Credit: 152 out of 190 countries
Protecting Minority Investors: 170 out of 190 countries
Paying Taxes: 172 out of 190 countries
Trading across Borders: 115 out of 190 countries
Enforcing Contracts: 129 out of 190 countries
Resolving Insolvency: 128 out of 190 countries
Source
Global competitiveness ranking
124 out of 141 countries
(2019)
Index of Economic Freedom
Ranking: 146 / Score: 52.4 (Mostly unfree)
(100=totally free 0=totally repressed)
Source
Source
Languages
English (official), Mandinka, Wolof, Fula, other indigenous vernaculars
Religions
Muslim 95.7%, Christian 4.2%, none 0.1%, no response 0.1% (2013 est.)
Total population
| 1990 | 2000 | 2010 | 2015* | 2020* |
| 0.91 million | 1.32 million | 1.79 million | 2.09 million | 2.4 million |
*Estimate
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2018 |
| 12.1% | 28.4% | 47.9% | 61.3% |
Literacy
Total population: 55.5%
Male: 63.9%
Female: 47.6%
Definition: age 15 and over can read and write (2015 est.)
% of population living on less than $3.10 a day
37.8% (last available estimate, 2015)
Inequality of wealth distribution (Gini index)
35.9 (last available estimate, 2015)
Source
Freedom House rating
Partly Free
Political Rights: 4
Civil Liberties: 5 (2019)
(1 represents the most free, 7 the least free rating)
Source
Total telephone subscribers as % of population
Fixed: 1.9%
Mobile: 139.5%
(2018)
(fixed-telephone subscribers and mobile-cellular subscribers)