Markets Actual Q2 Q3 Q4 Q1 2021
Currency 51.55 51.82 52.1 52.37 52.65 53.21

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Annual Growth Rate (%) 5.40 -1.2 -1.2 -1.2 3 3
Unemployment Rate (%) 8.90 9.5 9.5 9.5 10.2 10.2
Inflation Rate (%) 7.59 8 8.4 8.7 8.4 9
Interest Rate (%) 10.00 11.5 11 10 10 9.5
Balance of Trade (GMD Thousands) -2681685.00 -69.43 -28.99 -63.46 -57.48 -80.89
Current Account to GDP (%) -19.00 -17.5 -17.5 -17.5 -17 -17
Government Debt to GDP (%) 81.80 120 120 120 125 125
Government Budget (% of GDP) -4.10 -8 -8 -8 -6.7 -6.7

GDP Actual Q2 Q3 Q4 Q1 2021
GDP Annual Growth Rate (%) 5.40 -1.2 -1.2 -1.2 3 3
GDP (USD Billion) 1.67 1.75 1.75 1.75 1.66 1.66
GDP per capita (USD) 518.80 530 530 530 560 560
GDP per capita PPP (USD) 1516.70 1575 1575 1575 1565 1591
GDP Constant Prices (GMD Thousand) 57777815975.00 60840040222 60840040222 27174472 60840040222 28421780
GDP From Agriculture (GMD Thousand) 5704726584.00 5636269865 5636269865 5636269865 5875868382 5805357961
GDP From Construction (GMD Thousand) 5469794833.00 5404157295 5404157295 5404157295 5633888678 5566282014
GDP From Manufacturing (GMD Thousand) 2526253675.00 2495938631 2495938631 2495938631 2602041285 2570816790
GDP From Mining (GMD Thousand) 295694513.00 292146179 292146179 292146179 304565348 300910564
GDP From Public Administration (GMD Thousand) 1600367327.00 1581162919 1581162919 1581162919 1648378347 1628597807
GDP From Services (GMD Thousand) 33151173982.00 16741898 34908186203 17612477 17612477 18420889
GDP From Transport (GMD Thousand) 2342948673.00 2314833289 2314833289 2314833289 2413237133 2384278288
GDP From Utilities (GMD Thousand) 600148304.00 592946524 592946524 592946524 618152753 610734920

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 8.90 9.5 9.5 9.5 10.2 10.2
Population (Million) 2.21 2.42 2.42 2.42 2.48 2.49

Prices Actual Q2 Q3 Q4 Q1 2021
Inflation Rate (%) 7.59 8 8.4 8.7 8.4 9
Food Inflation (%) 7.70 8.8 9.2 9.4 9 9.5
Inflation Rate Mom (%) 0.23 1.1 0.8 1 0.7 1.3
Consumer Price Index Cpi (points) 101.25 237 242 247 108 269
Cpi Housing Utilities (points) 100.24 226 231 235 108 256
Cpi Transportation (points) 101.89 263 265 266 108 290

Money Actual Q2 Q3 Q4 Q1 2021
Interest Rate (%) 10.00 11.5 11 10 10 9.5

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (GMD Thousands) -2681685.00 -69.43 -28.99 -63.46 -57.48 -80.89
Current Account to GDP (%) -19.00 -17.5 -17.5 -17.5 -17 -17

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 81.80 120 120 120 125 125
Government Budget (% of GDP) -4.10 -8 -8 -8 -6.7 -6.7
Military Expenditure (USD Million) 11.30 15 15 15 15 12

Taxes Actual Q2 Q3 Q4 Q1 2021
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 Q2 Q3 Q4 Q1 2021
Business Confidence (points) 72.00 25 18 20 16 35


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.