Markets Actual Q1 Q2 Q3 Q4 2023
Currency 53.00 53.26 53.43 53.59 53.76 54.1

Overview Actual Q1 Q2 Q3 Q4 2023
GDP Annual Growth Rate (%) -0.20 6 6 6 6 6.5
Unemployment Rate (%) 9.60 9.3 9.3 9.3 9.3 9
Inflation Rate (%) 7.61 6.5 5.3 4 4.5 4
Interest Rate (%) 10.00 12 12 12 12 12
Balance of Trade (GMD Thousands) -2660614.00 -29.2 -28.99 -57.48 -57.48 -80.89
Current Account to GDP (% of GDP) -8.60 -11 -11 -11 -11 -11
Government Debt to GDP (% of GDP) 83.10 82 82 82 82 77
Government Budget (% of GDP) -3.70 -2.6 -2.6 -2.6 -2.6 -2.5

GDP Actual Q1 Q2 Q3 Q4 2023
GDP Annual Growth Rate (%) -0.20 6 6 6 6 6.5
GDP (USD Billion) 1.90 2.1 2.1 2.1 2.1 2.3
GDP per capita (USD) 693.07 750 750 750 750 780
GDP per capita PPP (USD) 2159.44 2170 2170 2170 2170 2220
GDP Constant Prices (GMD Thousand) 61644340411.00 28421780 28421780 28421780 28421780 28421780
GDP From Agriculture (GMD Thousand) 5223279581.00 5536676356 5536676356 5536676356 5536676356 5896560319
GDP From Construction (GMD Thousand) 8155249042.00 8644563985 8644563985 8644563985 8644563985 9206460644
GDP From Manufacturing (GMD Thousand) 1859919502.00 1971514672 1971514672 1971514672 1971514672 2099663126
GDP From Mining (GMD Thousand) 429027278.00 454768915 454768915 454768915 454768915 484328894
GDP From Public Administration (GMD Thousand) 1810087933.00 1918693209 1918693209 1918693209 1918693209 2043408268
GDP From Services (GMD Thousand) 33.00 18420889 18420889 18420889 18420889 18420889
GDP From Transport (GMD Thousand) 2064204635.00 2188056913 2188056913 2188056913 2188056913 2330280612
GDP From Utilities (GMD Thousand) 781691498.00 828592988 828592988 828592988 828592988 882451532

Labour Actual Q1 Q2 Q3 Q4 2023
Unemployment Rate (%) 9.60 9.3 9.3 9.3 9.3 9
Population (Million) 2.28 2.49 2.49 2.49 2.56 2.56

Prices Actual Q1 Q2 Q3 Q4 2023
Inflation Rate (%) 7.61 6.5 5.3 4 4.5 4
Food Inflation (%) 9.10 8.6 7.5 7 6 6.4
Inflation Rate Mom (%) 0.45 1 0.6 0.3 0.6 0.4
CPI Housing Utilities (points) 108.58 111 110 110 113 118
CPI Transportation (points) 111.48 113 113 114 114 115
Consumer Price Index CPI (points) 113.60 116 116 115 118 122

Money Actual Q1 Q2 Q3 Q4 2023
Interest Rate (%) 10.00 12 12 12 12 12

Trade Actual Q1 Q2 Q3 Q4 2023
Balance of Trade (GMD Thousands) -2660614.00 -29.2 -28.99 -57.48 -57.48 -80.89
Current Account to GDP (% of GDP) -8.60 -11 -11 -11 -11 -11
Tourist Arrivals (Persons) 7147.00 5700 6500 6500 6500 8000

Government Actual Q1 Q2 Q3 Q4 2023
Government Debt to GDP (% of GDP) 83.10 82 82 82 82 77
Government Budget (% of GDP) -3.70 -2.6 -2.6 -2.6 -2.6 -2.5
Military Expenditure (USD Million) 14.30 12 12 12 12 12
Fiscal Expenditure (Dalasi Million) 5475.34 5400 5200 4800 4600 5000

Taxes Actual Q1 Q2 Q3 Q4 2023
Sales Tax Rate (%) 15.00 15 15 15 15 15
Personal Income Tax Rate (%) 30.00 30 30 30 30 30
Corporate Tax Rate (%) 27.00 31 31 31 31 31

Business Actual Q1 Q2 Q3 Q4 2023
Business Confidence (points) 35.00 42 50 55 60 50


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Gambia Forecast - was last updated on Wednesday, January 26, 2022.