Markets Actual Q2 Q3 Q4 Q1 2022
Currency 50.95 51.22 51.49 51.77 52.04 52.59

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Annual Growth Rate (%) 0.00 5.8 5.8 5.8 6.5 6.5
Unemployment Rate (%) 8.90 9.5 9.5 9.5 9 9
Inflation Rate (%) 7.37 8.5 7.2 5.6 5.1 4.5
Interest Rate (%) 10.00 10 10 10 9.5 9
Balance of Trade (GMD Thousands) -3370172.00 -69.43 -28.99 -29.2 -29.2 -80.89
Current Account to GDP (%) -5.30 -10.5 -10.5 -10.5 -10.5 -8
Government Debt to GDP (%) 80.00 77 77 77 77 74
Government Budget (% of GDP) -2.40 -3 -3 -3 -3 -2.7

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Annual Growth Rate (%) 0.00 5.8 5.8 5.8 6.5 6.5
GDP (USD Billion) 1.76 1.6 1.6 1.6 1.6 1.7
GDP per capita (USD) 809.40 780 780 780 780 805
GDP per capita PPP (USD) 2206.90 2050 2050 2050 2050 2200
GDP Constant Prices (GMD Thousand) 61672887.00 27174472 27174472 28421780 28421780 28421780
GDP From Agriculture (GMD Thousand) 4333883528.00 4585248773 4585248773 4585248773 4615585957 4883289943
GDP From Construction (GMD Thousand) 6565766068.00 6946580500 6946580500 6946580500 6992540862 7398108232
GDP From Manufacturing (GMD Thousand) 2488867691.00 2633222017 2633222017 2633222017 2650644091 2804381448
GDP From Mining (GMD Thousand) 342169621.00 362015459 362015459 362015459 364410646 385546464
GDP From Public Administration (GMD Thousand) 1718400630.00 1818067867 1818067867 1818067867 1830096671 1936242278
GDP From Services (GMD Thousand) 35.00 17612477 17612477 18420889 18420889 18420889
GDP From Transport (GMD Thousand) 2324319630.00 2459130169 2459130169 2459130169 2475400406 2618973629
GDP From Utilities (GMD Thousand) 742352361.00 785408798 785408798 785408798 790605264 836460370

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 8.90 9.5 9.5 9.5 9 9
Population (Million) 2.28 2.48 2.48 2.49 2.49 2.56

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 7.37 8.5 7.2 5.6 5.1 4.5
Food Inflation (%) 10.00 5.3 5.6 5.4 5.4 6
Inflation Rate Mom (%) 1.20 0.5 0.8 0.8 0.8 1.2
Consumer Price Index CPI (points) 108.71 109 110 245 111 116
Cpi Housing Utilities (points) 104.21 108 108 237 107 112
Cpi Transportation (points) 107.02 110 108 282 111 116

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 10.00 10 10 10 9.5 9

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (GMD Thousands) -3370172.00 -69.43 -28.99 -29.2 -29.2 -80.89
Current Account to GDP (%) -5.30 -10.5 -10.5 -10.5 -10.5 -8
Tourist Arrivals (Persons) 7691.00 500 1000 1000 1000 5000

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 80.00 77 77 77 77 74
Government Budget (% of GDP) -2.40 -3 -3 -3 -3 -2.7
Military Expenditure (USD Million) 14.10 15 15 12 12 12

Taxes Actual Q2 Q3 Q4 Q1 2022
Sales Tax Rate (%) 15.00 15 15 15 15 15
Personal Income Tax Rate (%) 30.00 30 30 30 30 30
Corporate Tax Rate (%) 31.00 31 31 31 31 31

Business Actual Q2 Q3 Q4 Q1 2022
Business Confidence (points) 26.00 8 12 20 18 35


This page has economic forecasts for Gambia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Gambia economy.