Markets Actual Q1 Q2 Q3 Q4 2022
Currency 51.00 51.37 51.64 51.92 52.19 52.75

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) 6.20 4.8 4.8 4.8 4.8 5.2
Unemployment Rate (%) 8.90 9 9 9 9 8.9
Inflation Rate (%) 5.67 5.1 6 6.3 5.6 6
Interest Rate (%) 10.00 10 10 10 10 9
Balance of Trade (GMD Thousands) -2217741.00 -69.43 -28.99 -57.48 -29.2 -80.89
Current Account to GDP (%) -5.40 -10.5 -10.5 -10.5 -10.5 -8
Government Debt to GDP (%) 80.00 77 77 77 77 74
Government Budget (% of GDP) -4.10 -3 -3 -3 -3 -2.7

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) 6.20 4.8 4.8 4.8 4.8 5.2
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 27174472 28421780 28421780
GDP From Agriculture (GMD Thousand) 4333883528.00 4203867022 4541909937 4541909937 5282253 4405652639
GDP From Construction (GMD Thousand) 6565766068.00 6368793086 6880922839 6880922839 1490013 6674495154
GDP From Manufacturing (GMD Thousand) 2488867691.00 2414201660 2608333340 2608333340 1461416 2530083340
GDP From Mining (GMD Thousand) 342169621.00 331904532 358593763 358593763 622930 347835950
GDP From Public Administration (GMD Thousand) 1718400630.00 1666848611 1800883860 1800883860 624847 1746857344
GDP From Services (GMD Thousand) 35.00 17612477 17612477 17612477 18420889 18420889
GDP From Transport (GMD Thousand) 2324319630.00 2254590041 2435886972 2435886972 4952911 2362810363
GDP From Utilities (GMD Thousand) 742352361.00 720081790 777985274 777985274 351016 754645716

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 8.90 9 9 9 9 8.9
Population (Million) 2.21 2.48 2.48 2.48 2.49 2.56

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 5.67 5.1 6 6.3 5.6 6
Food Inflation (%) 6.80 6 5.3 5.6 5.4 6
Inflation Rate Mom (%) 0.50 0.7 0.5 0.8 0.8 1.2
Consumer Price Index CPI (points) 105.57 105 106 108 245 111
Cpi Housing Utilities (points) 101.26 105 105 106 237 111
Cpi Transportation (points) 104.97 105 107 106 282 111

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

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (GMD Thousands) -2217741.00 -69.43 -28.99 -57.48 -29.2 -80.89
Current Account to GDP (%) -5.40 -10.5 -10.5 -10.5 -10.5 -8
Tourist Arrivals (Persons) 0.00 250 500 1000 1000 5000

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 80.00 77 77 77 77 74
Government Budget (% of GDP) -4.10 -3 -3 -3 -3 -2.7
Military Expenditure (USD Million) 11.30 15 15 15 12 12

Taxes Actual Q1 Q2 Q3 Q4 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 Q1 Q2 Q3 Q4 2022
Business Confidence (points) -16.00 8 15 20 20 40


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.