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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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Central bank

Central Bank of The Gambia

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International Reserves

USD 0.2 billion (2014)

International Monetary Fund (IMF), data retrieved January 2017

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Gross Domestic Product - GDP

USD 0.8 billion (2017, estimate)

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GDP (Purchasing Power Parity)

Intl$ 3.6 billion (2017, estimate)

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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

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GDP per capita - current prices

USD 399.6 (2017, estimate)

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GDP per capita - PPP

Intl$ 1,709.1 (2017, estimate)

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

*Estimate

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

(2016 estimate)

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

N/A

 

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

*Estimate

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Unemployment rate
2013 2014 2015 2016 2017
N/A N/A N/A N/A N/A

*Estimate

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Household saving rates

N/A

 

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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

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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

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Government bond ratings

Standard & Poor's: N/A

Moody's: N/A

Standard & Poor's / Moody's (Updated January 2017)

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Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
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Largest companies

N/A

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Current account balance

USD -0.1 billion (2017 estimate)

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Current account balance by percentage of GDP

-13.7% (2017 estimate)

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

21.7% (2015)

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Shares in world total merchandising export

0.001% (2015)

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Shares in world total commercial services export

0.004% (2013)

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Total exports

USD 120.0 millions (2016 estimate)

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Export commodities

Peanut products, fish, cotton lint, palm kernels

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Total imports

USD 0.4 billion (2016 estimate)

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Import commodities

Foodstuffs, manufactures, fuel, machinery and transport equipment

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Exports - major partners

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

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Imports - major partners

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

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FDI inflows
2013 2014 2015
USD 38 million USD 28 million USD 11 million
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FDI outflows
2013 2014 2015
USD 48 million USD 17 million USD 19 million
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Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
N/A N/A N/A N/A
Source
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

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Cross-border M&A deals worth over $3 billion completed in 2015

N/A

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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

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Global competitiveness ranking

123 out of 138 countries

(2016-2017)

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Index of Economic Freedom

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

(100=totally free 0=totally repressed)

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Time zone

UTC 0

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Total area

11,295 sq km

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Capital

Banjul

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Currency

Dalasis (GMD)

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Government type

Presidential republic

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Languages

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

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Religions

Muslim 95.7%, Christian 4.2%, none 0.1%, no answer 0.1% (2013 est.)

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Total population
1990 2000 2010 2016* 2021*
0.904 million 1.297 million 1.728 million 2.035 million 2.332 million

*Estimate 

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Urban population as % of total population
1960 1980 2000 2015
12% 28% 48% 60%
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Population median age

20.7 years (2016 estimate)

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Population growth rate

2.11% (2016 estimate)

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Life expectancy

64.9 years (2016 estimate)

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Literacy

Total population: 55.5%
Male: 63.9%
Female: 47.6% (2015 est.)

(age 15 and over can read and write)

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% of population living on less than $3.10 a day

N/A

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Inequality of wealth distribution (Gini index)

N/A

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Freedom House rating

Political Rights: 6
Civil Liberties: 6 (2017)                         

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

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Total telephone subscribers as % of population

Fixed 2.28%   Mobile 137.85% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

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Internet users as % of total population

17.12% (2015)

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Mercer Cost of living index

Banjul: 179th (2016)

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CO2 emissions

0.3 (2013)

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World's Best Developed & Emerging Markets Banks

2013
2012
2011
2010
2009

World’s Best Foreign Exchange Providers

2013
2012
2011
2010
2009

World's Best Banks By Region

2014
2013
2012
2011

World's Best Banks

2014
2013
2013

Best of…

2012
2009
2005

Additional Awards

2014
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