Economy - overview:
The Gambia has sparse natural resource deposits and a limited agricultural base, and relies in part on remittances from workers overseas and tourist receipts. About three-quarters of the population depends on the agricultural sector for its livelihood and the sector provides for about one-third of GDP. The agricultural sector has untapped potential - less than half of arable land is cultivated. Small-scale manufacturing activity features the processing of peanuts, fish, and hides. The Gambia's natural beauty and proximity to Europe has made it one of the larger markets for tourism in West Africa, boosted by government and private sector investments in eco-tourism and upscale facilities. In 2011 tourism contributed about one-fifth of GDP, but suffered from the European economic downturn. The Gambia's re-export trade accounted for almost 80% of goods exports. Unemployment and underemployment rates remain high; economic progress depends on sustained bilateral and multilateral aid, on responsible government economic management, and on continued technical assistance from multilateral and bilateral donors. International donors and lenders continue to be concerned about the quality of fiscal management and The Gambia's debt burden.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Distribution of family income - Gini index: Investment (gross fixed): Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Exchange rates:
NOTE: 1) The information regarding Gambia, The on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Gambia, The Economy 2012 information contained here. All suggestions for corrections of any errors about Gambia, The Economy 2012 should be addressed to the CIA.
$3.774 billion (2011 est.)
country comparison to the world: 170
note: data are in 2011 US dollars
[see also: GDP country ranks ]
$1.1 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]
5.5% (2011 est.)
country comparison to the world: 57
[see also: GDP - real growth rate country ranks ]
$2,100 (2011 est.)
country comparison to the world: 186
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 29.5%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 15.1%
[see also: GDP - composition by sector - industry country ranks ]
services: 55.4% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]
777,100 (2007)
country comparison to the world: 147
[see also: Labor force country ranks ]
agriculture: 75%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 19%
[see also: Labor force - by occupation - industry country ranks ]
services: 6% (1996)
[see also: Labor force - by occupation - services country ranks ]
NA%
[see also: Unemployment rate country ranks ]
NA%
[see also: Population below poverty line country ranks ]
lowest 10%: 2%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 36.9% (2003)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
50.2 (1998)
country comparison to the world: 24
[see also: Distribution of family income - Gini index country ranks ]
27.7% of GDP (2011 est.)
country comparison to the world: 44
[see also: Investment (gross fixed) country ranks ]
revenues: $184.9 million
[see also: Budget revenues country ranks ]
expenditures: $201.4 million (2011 est.)
[see also: Budget expenditures country ranks ]
16.8% of GDP (2011 est.)
country comparison to the world: 178
[see also: Taxes and other revenues country ranks ]
-1.5% of GDP (2011 est.)
country comparison to the world: 64
[see also: Budget surplus (+) or deficit (-) country ranks ]
6% (2011 est.)
country comparison to the world: 136
[see also: Inflation rate (consumer prices) country ranks ]
9% (31 December 2009)
country comparison to the world: 26
[see also: Central bank discount rate country ranks ]
27% (31 December 2011 est.)
country comparison to the world: 6
[see also: Commercial bank prime lending rate country ranks ]
$228.6 million (31 December 2011 est.)
country comparison to the world: 177
[see also: Stock of narrow money country ranks ]
$462.9 million (31 December 2011 est.)
country comparison to the world: 180
[see also: Stock of broad money country ranks ]
$351.6 million (31 December 2011 est.)
country comparison to the world: 176
[see also: Stock of domestic credit country ranks ]
$NA
[see also: Market value of publicly traded shares country ranks ]
rice, millet, sorghum, peanuts, corn, sesame, cassava (tapioca), palm kernels; cattle, sheep, goats
processing peanuts, fish, and hides; tourism, beverages, agricultural machinery assembly, woodworking, metalworking, clothing
8.9%
country comparison to the world: 15
note: although The Gambia had the highest industrial growth rate in the world in 2009, this growth is from a tiny industrial base (2010 est.)
[see also: Industrial production growth rate country ranks ]
220 million kWh (2008 est.)
country comparison to the world: 174
[see also: Electricity - production country ranks ]
204.6 million kWh (2008 est.)
country comparison to the world: 181
[see also: Electricity - consumption country ranks ]
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]
0 kWh (2009 est.)
[see also: Electricity - imports country ranks ]
0 bbl/day (2010 est.)
country comparison to the world: 174
[see also: Oil - production country ranks ]
2,000 bbl/day (2010 est.)
country comparison to the world: 188
[see also: Oil - consumption country ranks ]
41.62 bbl/day (2009 est.)
country comparison to the world: 130
[see also: Oil - exports country ranks ]
2,807 bbl/day (2009 est.)
country comparison to the world: 172
[see also: Oil - imports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 186
[see also: Natural gas - production country ranks ]
0 cu m (2009 est.)
country comparison to the world: 180
[see also: Natural gas - consumption country ranks ]
0 cu m (2009 est.)
country comparison to the world: 101
[see also: Natural gas - exports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 194
[see also: Natural gas - imports country ranks ]
0 cu m (1 January 2011 est.)
country comparison to the world: 140
[see also: Natural gas - proved reserves country ranks ]
-$143.6 million (2011 est.)
country comparison to the world: 78
[see also: Current account balance country ranks ]
$120.4 million (2011 est.)
country comparison to the world: 189
[see also: Exports country ranks ]
peanut products, fish, cotton lint, palm kernels
India 40.8%, China 15.6%, France 11.9%, UK 6.6%, US 4.5% (2010)
$394.4 million (2011 est.)
country comparison to the world: 190
[see also: Imports country ranks ]
foodstuffs, manufactures, fuel, machinery and transport equipment
China 22.3%, Senegal 10.7%, Brazil 9.7%, Cote dIvoire 5.4%, India 5.2%, Netherlands 4.2% (2010)
$222.5 million (31 December 2011 est.)
country comparison to the world: 163
[see also: Reserves of foreign exchange and gold country ranks ]
$640.2 million (31 December 2011 est.)
country comparison to the world: 162
[see also: Debt - external country ranks ]
dalasis (GMD) per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 07-Mar-12