Markets Actual Q3 Q4 Q1 Q2 2021
Currency 51.70 51.77 52.05 52.32 52.6 53.16

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) 6.20 -3 -3 2.8 2.8 2.8
Unemployment Rate (%) 8.90 9.2 9.2 9 9 9
Inflation Rate (%) 4.82 4.3 4 5.1 6 5.6
Interest Rate (%) 10.00 10 10 10 9.5 9.5
Balance of Trade (GMD Thousands) -2574149.00 -69.43 -28.99 -57.48 -57.48 -80.89
Current Account to GDP (%) -5.40 -12 -12 -10.5 -10.5 -10.5
Government Debt to GDP (%) 81.80 120 120 125 125 125
Government Budget (% of GDP) -4.10 -3.6 -3.6 -3 -3 -3

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) 6.20 -3 -3 2.8 2.8 2.8
GDP (USD Billion) 1.76 1.4 1.4 1.6 1.6 1.6
GDP per capita (USD) 809.40 700 700 780 780 780
GDP per capita PPP (USD) 2206.90 1850 1850 2050 2050 2050
GDP Constant Prices (GMD Thousand) 61672887.00 60840040222 27174472 27174472 60840040222 28421780
GDP From Agriculture (GMD Thousand) 4333883528.00 5533584786 5533584786 5864458928 5864458928 5688525161
GDP From Construction (GMD Thousand) 6565766068.00 5305700988 5305700988 5622949088 5622949088 5454260616
GDP From Manufacturing (GMD Thousand) 2488867691.00 2450466065 2450466065 2596988778 2596988778 2519079115
GDP From Mining (GMD Thousand) 342169621.00 286823678 286823678 303973959 303973959 294854741
GDP From Public Administration (GMD Thousand) 1718400630.00 1552356307 1552356307 1645177612 1645177612 1595822284
GDP From Services (GMD Thousand) 35.00 16741898 17612477 17612477 17612477 18420889
GDP From Transport (GMD Thousand) 2324319630.00 2272660213 2272660213 2408551236 2408551236 2336294699
GDP From Utilities (GMD Thousand) 742352361.00 582143855 582143855 616952457 616952457 598443883

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 8.90 9.2 9.2 9 9 9
Population (Million) 2.21 2.42 2.42 2.48 2.48 2.49

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 4.82 4.3 4 5.1 6 5.6
Food Inflation (%) 5.20 4.8 4.5 5 5.3 6
Inflation Rate Mom (%) 0.19 -0.3 0.4 0.7 0.5 0.8
Consumer Price Index CPI (points) 101.80 103 104 106 108 110
Cpi Housing Utilities (points) 100.38 102 103 105 106 109
Cpi Transportation (points) 99.72 104 104 107 106 110

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 10.00 10 10 10 9.5 9.5

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (GMD Thousands) -2574149.00 -69.43 -28.99 -57.48 -57.48 -80.89
Current Account to GDP (%) -5.40 -12 -12 -10.5 -10.5 -10.5
Tourist Arrivals (Persons) 0.00 25 50 250 500 1000

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 81.80 120 120 125 125 125
Government Budget (% of GDP) -4.10 -3.6 -3.6 -3 -3 -3
Military Expenditure (USD Million) 11.30 15 15 15 15 12

Taxes Actual Q3 Q4 Q1 Q2 2021
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 Q3 Q4 Q1 Q2 2021
Business Confidence (points) -16.00 -12 -10 8 15 20


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.