Markets Actual Q3 Q4 Q1 Q2 2022
Currency 51.60 51.39 51.58 51.77 51.96 52.35

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) -0.20 3.5 3.5 6 6 6
Unemployment Rate (%) 9.60 9.5 9.5 9.3 9.3 9.3
Inflation Rate (%) 6.95 10 7 6 4.7 4.5
Interest Rate (%) 10.00 10 10 10 9.5 9.5
Balance of Trade (GMD Thousands) -3146306.00 -69.43 -49.21 -57.48 -57.48 -80.89
Current Account to GDP (% of GDP) -8.60 -10 -10 -11 -11 -11
Government Debt to GDP (% of GDP) 83.10 84 84 82 82 82
Government Budget (% of GDP) -3.70 -3.2 -3.2 -2.6 -2.6 -2.6

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) -0.20 3.5 3.5 6 6 6
GDP (USD Billion) 1.90 2 2 2.1 2.1 2.1
GDP per capita (USD) 792.00 800 800 820 820 820
GDP per capita PPP (USD) 2159.44 2200 2200 2170 2170 2170
GDP Constant Prices (GMD Thousand) 61644340411.00 27174472 28421780 28421780 28421780 28421780
GDP From Agriculture (GMD Thousand) 5223279581.00 4623766386 5282253 5406094366 5536676356 5730460028
GDP From Construction (GMD Thousand) 8155249042.00 7031291393 1490013 8440682758 8644563985 8947123724
GDP From Manufacturing (GMD Thousand) 1859919502.00 2442569960 1461416 1925016685 1971514672 2040517686
GDP From Mining (GMD Thousand) 429027278.00 354145558 622930 444043233 454768915 470685827
GDP From Public Administration (GMD Thousand) 1810087933.00 1778544652 624847 1873441011 1918693209 1985847471
GDP From Services (GMD Thousand) 33.00 17612477 18420889 18420889 18420889 18420889
GDP From Transport (GMD Thousand) 2064204635.00 2405670817 4952911 2136451797 2188056913 2264638905
GDP From Utilities (GMD Thousand) 781691498.00 768334694 351016 809050700 828592988 857593742

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 9.60 9.5 9.5 9.3 9.3 9.3
Population (Million) 2.28 2.48 2.49 2.49 2.49 2.56

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 6.95 10 7 6 4.7 4.5
Food Inflation (%) 11.40 10 8.6 7.4 6.5 6
Inflation Rate Mom (%) 0.30 -0.1 1 1.3 0.6 0.6
Consumer Price Index CPI (points) 110.29 114 113 115 115 118
Cpi Housing Utilities (points) 104.57 111 108 110 109 113
Cpi Transportation (points) 112.06 112 112 113 116 117

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 10.00 10 10 10 9.5 9.5

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (GMD Thousands) -3146306.00 -69.43 -49.21 -57.48 -57.48 -80.89
Current Account to GDP (% of GDP) -8.60 -10 -10 -11 -11 -11
Tourist Arrivals (Persons) 7380.00 5850 6300 5700 6500 6500

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 83.10 84 84 82 82 82
Government Budget (% of GDP) -3.70 -3.2 -3.2 -2.6 -2.6 -2.6
Military Expenditure (USD Million) 14.30 15 12 12 12 12
Fiscal Expenditure (Dalasi Million) 5641.15 6000 5700 5400 5200 4600

Taxes Actual Q3 Q4 Q1 Q2 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 (%) 27.00 31 31 31 31 31

Business Actual Q3 Q4 Q1 Q2 2022
Business Confidence (points) 35.00 40 35 42 50 60


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.