Markets Actual Q3 Q4 Q1 Q2 2023
Currency 54.00 54.44 54.68 54.93 54.93 55.42

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Annual Growth Rate (%) 5.60 5.4 5.4 6.2 6.2 6.2
Unemployment Rate (%) 11.20 12 12 11.4 11.4 11.4
Inflation Rate (%) 11.58 11 10 7.8 6.8 6.5
Interest Rate (%) 11.00 11 11 12 12 12
Balance of Trade (GMD Thousands) -4140070.00 -69.43 -28.99 -63.46 -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 Q3 Q4 Q1 Q2 2023
GDP Annual Growth Rate (%) 5.60 5.4 5.4 6.2 6.2 6.2
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) 64784695.00 28421780 28421780 28421780 28421780 28421780
GDP From Agriculture (GMD Thousand) 4407753020.00 5505336678 5505336678 4645771683 4681033707 4933809527
GDP From Construction (GMD Thousand) 9823257388.00 8595632490 8595632490 10353713287 10432299346 10995643511
GDP From Manufacturing (GMD Thousand) 1166644543.00 1960355155 1960355155 1229643348 1238976505 1305881236
GDP From Mining (GMD Thousand) 445765205.00 452194751 452194751 469836526 473402648 498966391
GDP From Public Administration (GMD Thousand) 1963997055.00 1907832681 1907832681 2070052896 2085764872 2198396176
GDP From Services (GMD Thousand) 34.00 18420889 18420889 18420889 18420889 18420889
GDP From Transport (GMD Thousand) 2337182297.00 2175671685 2175671685 2463390141 2482087599 2616120330
GDP From Utilities (GMD Thousand) 836403073.00 823902839 823902839 881568839 888260064 936226107

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 11.20 12 12 11.4 11.4 11.4
Population (Million) 2.28 2.49 2.56 2.56 2.56 2.56

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 11.58 11 10 7.8 6.8 6.5
Food Inflation (%) 14.16 14 10 8 7.3 7
Inflation Rate Mom (%) 2.53 1.4 0.8 0.5 0.5 0.4
CPI Housing Utilities (points) 109.31 118 117 119 118 127
CPI Transportation (points) 125.63 128 130 131 131 132
Consumer Price Index CPI (points) 121.84 124 123 125 127 133

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 11.00 11 11 12 12 12
Money Supply M0 (GMD Million) 27628.91 29500 30000 28600 28600 28000
Money Supply M1 (GMD Million) 37539.47 35800 36000 34800 34800 34000
Money Supply M2 (GMD Million) 65168.38 65500 63000 60000 60000 58000

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (GMD Thousands) -4140070.00 -69.43 -28.99 -63.46 -57.48 -80.89
Current Account to GDP (% of GDP) -8.60 -11 -11 -11 -11 -11
Tourist Arrivals 15822.00 15600 16000 18000 20000 2000

Government Actual Q3 Q4 Q1 Q2 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 (GMD Million) 6433.11 4800 4600 4600 4600 5000

Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2023
Business Confidence (points) 35.00 -6 5 7 7 10


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 Saturday, July 2, 2022.