Economy of Gambia. Statistics, Data and Indicators
Gambia
| N/AN/A | Credit rank # |
| N/A | Quality of life # |
| 110 | Corruption rank#88 |
| 155 | Ease of doing business#132 |
Gambia Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 2.27 USD Billion | 2022 |
| GDP Annual Growth Rate | 5.2 % | 2022 |
| GDP per capita | 682 USD | 2022 |
| Inflation Rate YoY | 18.41 % | Aug/23 |
| Interest Rate | 17 % | Sep/23 |
| Unemployment Rate | 4.8 % | 2022 |
| Balance of Trade | -2559754 USD Million | -2559.754 B USD | 4Q/22 |
| Current Account | -16.52 USD Million | -0.017 B USD | 4Q/22 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 2.27 USD Billion | 2022 |
| GDP Annual Growth Rate | 5.2 % | 2022 |
| GDP per capita | 682 USD | 2022 |
| GDP Constant Prices | 65400119296 GMD Thousand | 1006.156 B USD | 2021 |
| GDP per capita PPP | 2126 USD | 2022 |
| GDP From Agriculture | 5273600000 GMD Thousand | 81.132 B USD | 2021 |
| GDP From Construction | 8958016512 GMD Thousand | 137.816 B USD | 2021 |
| GDP From Manufacturing | 1192271488 GMD Thousand | 18.343 B USD | 2021 |
| GDP From Mining | 445765216 GMD Thousand | 6.858 B USD | 2021 |
| GDP From Public Administration | 1963997056 GMD Thousand | 30.215 B USD | 2021 |
| GDP From Services | 34 GMD Thousand | 0 B USD | 2021 |
| GDP From Transport | 2428776704 GMD Thousand | 37.366 B USD | 2021 |
| GDP From Utilities | 836403072 GMD Thousand | 12.868 B USD | 2021 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 80.8 % | 2022 |
| Government Budget Value | -1972 GMD | 0 B USD | 2Q/23 |
| Government Revenues | 6850 GMD | 0 B USD | 2Q/23 |
| Fiscal Expenditure | 8822 GMD | 0 B USD | 2Q/23 |
| Government Budget to GDP | -4.8 % | 2022 |
| Military Expenditure | 15.2 USD Million | 0.015 B USD | 2022 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 147 Index Points | Aug/23 |
| Food Inflation | 24.15 % | Aug/23 |
| GDP Deflator | 161 Index Points | 2021 |
| Inflation Rate YoY | 18.41 % | Aug/23 |
| Inflation Rate Mom | 0.73 % | Aug/23 |
| CPI Housing Utilities | 146 Index Points | Aug/23 |
| CPI Transportation | 133 Index Points | Aug/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -5.3 % | 2021 |
| Balance of Trade | -2559754 USD Million | -2559.754 B USD | 4Q/22 |
| Capital Flows | -78.71 USD Million | -78710 B USD | 2Q/22 |
| Current Account | -16.52 USD Million | -0.017 B USD | 4Q/22 |
| Exports | 234982 USD Million | 234.982 B USD | 4Q/22 |
| Imports | 2794736 USD Million | 2794.736 B USD | 4Q/22 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Interest Rate | 17 % | Sep/23 |
| Money Supply M0 | 27384 GMD Million | 0.421 B USD | Jun/23 |
| Money Supply M1 | 39547 GMD Million | 0.608 B USD | Jun/23 |
| Money Supply M2 | 66931 GMD Million | 1.03 B USD | Jun/23 |
| Deposit Interest Rate | 9 % | 2Q/19 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 4.8 % | 2022 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 27 % | 2023 |
| Personal Income Tax Rate | 30 % | 2023 |
| Sales Tax Rate | 15 % | 2023 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 34 Index Points | 2022 |
| Corruption Rank | 110 place | 2022 |
| Ease of Doing Business | 155 place | 2019 |
| Competitiveness Index | 45.92 Index Points | 2019 |
| Competitiveness Rank | 124 | 2019 |
