Source
Central bank

Central Bank of The Gambia

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 per capita - current prices

USD 745.2 (2018, estimate)

GDP per capita - PPP

Intl$ 2,791.9 (2018, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2019*
0.0% 0.0% 0.0% 0.0% 0.005%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 23% 
  • industry: 12.9% 
  • services: 56.6%

(2017 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

 

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

Household saving rates

N/A

 

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)

Market value of publicly traded shares
2016 2017 2018
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD -0.2 billion (2018 estimate)

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)

Total exports

USD 264.6 million (2017)

Export commodities

Peanut products, fish, cotton lint, palm kernels

Total imports

USD 548.1 million (2017 estimate)

 
 
Source
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

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
Time zone

UTC 0

Total area

11,300 sq km

Capital

Banjul

Currency

Dalasis (GMD)

Government type

Presidential republic

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 

 
 
Source
Urban population as % of total population
1960 1980 2000 2018
12.1% 28.4% 47.9% 61.3%
Population median age

21.3 years 

Population growth rate

1.99% (2018 estimate)

Life expectancy

65.4 years (2018 estimate)

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)

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)

Internet users as % of total population

19.84 % (2017)

Mercer Cost of living index

Banjul: 204th (2019)

CO2 emissions

0.25 metric tons per capita (2014)

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2013

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