Source
Central bank

Central Bank of The Gambia

International Reserves

USD 0.2 billion (2014)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 0.8 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 3.6 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
1.1% 3.6% 5.7% 6.5% 6.5% -4.3% 5.6%
2013 2014* 2015* 2016* 2017*    
4.8% -0.2% 4.4% 2.3% 3.3%    

*Estimate

GDP per capita - current prices

USD 399.6 (2017, estimate)

GDP per capita - PPP

Intl$ 1,709.1 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.0% 0.0% 0.0% 0.0% 0.003%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 21.4% 
  • industry: 15.6% 
  • services: 63%

(2016 estimate)

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

N/A

 

Inflation
2013 2014 2015 2016* 2017*
5.2% 6.2% 6.8% 8.3% 7.6%

*Estimate

Unemployment rate
2013 2014 2015 2016 2017
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)
2013 2014 2015 2016* 2017*
83.3% 101.1% 91.6% 99.4% 104.3%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
-8.5% -10% -6.5% -9.8% -12.9%

*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
2013 2014 2015
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD -0.1 billion (2017 estimate)

Current account balance by percentage of GDP

-13.7% (2017 estimate)

Exports as percent of GDP (Exports of goods and services)

21.7% (2015)

Shares in world total merchandising export

0.001% (2015)

Shares in world total commercial services export

0.004% (2013)

Total exports

USD 120.0 millions (2016 estimate)

Export commodities

Peanut products, fish, cotton lint, palm kernels

Total imports

USD 0.4 billion (2016 estimate)

 
 
Source
Import commodities

Foodstuffs, manufactures, fuel, machinery and transport equipment

Exports - major partners

China 47.6%, India 27.2%, France 5.9%, UK 4.9% (2015)

Imports - major partners

China 34.2%, Brazil 8.1%, Senegal 6.9%, India 5.7%, Netherlands 4.8% (2015)

FDI inflows
2013 2014 2015
USD 38 million USD 28 million USD 11 million
FDI outflows
2013 2014 2015
USD 48 million USD 17 million USD 19 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
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: 145 out of 190 countries (2016)

Subcategories:

Starting a business: 168 out of 190 countries

Enforcing Contracts: 107 out of 190 countries

Registering Property: 124 out of 190 countries

Getting credit: 118 out of 190 countries

Protecting investors: 165 out of 190 countries

Trading across border: 112 out of 190 countries

Paying Taxes: 171 out of 190 countries

Dealing with Construction Permits: 122 out of 190 countries

Getting Electricity: 154 out of 190 countries

Resolving Insolvency: 117 out of 190 countries

Global competitiveness ranking

123 out of 138 countries

(2016-2017)

Index of Economic Freedom

Ranking: 119 / Score: 57.14 (Mostly unfree) (2017)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC 0

Total area

11,295 sq km

Capital

Banjul

Currency

dalasis (GMD)

Government type

republic

Languages

English (official), Mandinka, Wolof, Fula, other indigenous vernaculars

Religions

Muslim 90%, Christian 8%, indigenous beliefs 2%

Total population
1990 2000 2010 2014* 2019**
0.891 million 1.297 million 1.728 million 1.927 million 2.208 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
12.1% 28% 48% 58%
Population median age

20.2 years (2014 est.)

Population growth rate

2.23% (2014 est.)

Life expectancy

64.36 years  (2014 est.)

Adult literacy

51.1% (2011 estimate)

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

Freedom House rating

Political Rights: 6
Civil Liberties: 6 (2014)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

Fixed  3.5%   Mobile  100.0% (2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

14.00% (2013)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Banjul 199th (2014)

CO2 emissions(Metric tons of CO2 per capita)

0.3 (2010)

World's Best Developed & Emerging Markets Banks

World’s Best Foreign Exchange Providers

World's Best Banks By Region

World's Best Banks

2013

Best of…

Additional Awards