Gambia | Economic Forecasts | 2017-2020 Outlook

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.


MARKETS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 47.65 44.42 43.97 43.52 43.08 38.14 [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Annual Growth Rate 2.20 5.6 4 4 4.32 4.59 percent [+]
GDP 0.96 0.9 0.9 0.9 0.9 0.9 USD Billion [+]
GDP per capita 532.30 528 528 529 529 527 USD [+]
GDP per capita PPP 1565.80 1552 1553 1553 1553 1546 USD [+]
Gdp Constant Prices 24697626.00 24841026 24930796 25020567 25110337 25276452 GMD Thousand [+]
Gdp From Agriculture 4590110.00 4605515 4579742 4553970 4528197 4431066 GMD Thousand [+]
Gdp From Construction 1294774.00 1304706 1281713 1258720 1235726 978032 GMD Thousand [+]
Gdp From Manufacturing 1269924.00 1263108 1259571 1256035 1252498 1211590 GMD Thousand [+]
Gdp From Mining 541306.00 461859 446258 430656 415054 277466 GMD Thousand [+]
Gdp From Public Administration 542972.00 539753 535256 530759 526262 488659 GMD Thousand [+]
Gdp From Services 16007169.00 16412780 16489451 16566122 16642793 16942262 GMD Thousand [+]
Gdp From Transport 4303923.00 4348314 4375648 4402982 4430316 4535988 GMD Thousand [+]
Gdp From Utilities 305022.00 308993 308481 307969 307456 295572 GMD Thousand [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 29.69 29.6 29.62 29.65 29.67 15 percent [+]
Population 2.04 2.09 2.11 2.12 2.14 2.27 Million [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 7.92 8.1 8.1 8.3 8.4 8.5 percent [+]
Food Inflation 8.35 7.83 7.69 7.58 7.5 7.27 percent [+]
Inflation Rate Mom 0.60 0.52 0.51 0.51 0.51 0.51 percent [+]
Gdp Deflator 175.00 185 187 189 191 207 Index Points [+]
Cpi Housing Utilities 188.90 188 188 187 187 182 Index Points [+]
Consumer Price Index Cpi 194.15 198 200 201 203 202 Index Points [+]
Cpi Transportation 232.96 232 231 230 230 225 Index Points [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 15.00 20 19 19 16.75 20 percent [+]
Deposit Interest Rate 16.51 15.98 15.5 15.02 14.54 13.52 percent [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -2344.80 -2031 -2009 -1992 -1973 -1852 million GMD [+]
Exports 960.10 829 818 808 798 740 million GMD [+]
Imports 3304.90 2954 2926 2914 2893 2742 million GMD [+]
Current Account -1631.53 -1093 -1067 -1052 -1041 -968 Dalasi Million [+]
Current Account to GDP -11.40 -12 -10 -10 -11.01 -9 percent [+]
Terrorism Index 0.00 0 0 0.01 0.01 0.06 [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 50.70 60 63 63 64.17 52 percent [+]
Government Budget -7.30 -6.15 -6.01 -5.87 -5.73 -5.25 percent of GDP [+]
Military Expenditure 14.30 13.9 14 14.11 14.22 13.36 USD Million [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Internet Speed 2321.23 2311 2289 2293 2266 2102 KBps [+]
IP Addresses 4061.00 3737 3709 3670 3641 3406 IP [+]
Ease of Doing Business 146.00 143 143 143 142 140 [+]
Competitiveness Index 3.61 3.51 3.51 3.51 3.51 3.62 Points [+]
Competitiveness Rank 117.00 120 120 120 120 113 [+]
Corruption Index 26.00 26 26 27 27 28 Points [+]
Corruption Rank 145.00 117 113 110 106 103 [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Sales Tax Rate 15.00 15 15 15 15 15 percent [+]
Personal Income Tax Rate 30.00 31.44 31.44 31.44 31.44 30.79 percent [+]
Corporate Tax Rate 31.00 31 31 31 31 31 percent [+]