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.


Overview Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 9.50 9.4 9 9 9 9 percent
Inflation Rate 6.56 5.5 5.3 5 6.5 6.8 percent
Interest Rate 13.50 13.5 15 15 13.5 16 percent
Balance of Trade -72.00 -40.51 -79.5 -69.43 -28.99 -29.2 USD Million
Government Debt to GDP 65.60 63 58 58 58 52 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 50.10
50.39 51.29 52.21 53.14 57.04
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate 5.10
percent
5.4 5.2 5.2 5.2 4.59
GDP 1.01
USD Billion
1.1 1.2 1.2 1.2 1.1
GDP per capita 534.30
USD
545 554 554 554 564
GDP per capita PPP 1561.77
USD
1565 1571 1571 1563 1563
GDP Constant Prices 24697626.00
GMD Thousand
26031298 25981903 25981903 25981903 28641893
GDP From Agriculture 4590110.00
GMD Thousand
4837976 4828796 4828796 4828796 5323161
GDP From Construction 1294774.00
GMD Thousand
1364692 1362102 1362102 1362102 1501552
GDP From Manufacturing 1269924.00
GMD Thousand
1338500 1335960 1335960 1335960 1472734
GDP From Mining 541306.00
GMD Thousand
570537 569454 569454 569454 627754
GDP From Public Administration 542972.00
GMD Thousand
572292 571207 571207 571207 629686
GDP From Services 16007169.00
GMD Thousand
16871556 16839542 16839542 16839542 18563551
GDP From Transport 4303923.00
GMD Thousand
4536335 4527727 4527727 4527727 4991269
GDP From Utilities 305022.00
GMD Thousand
321493 320883 320883 320883 353735
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 9.50
percent
9.4 9 9 9 9
Population 2.10
Million
2.16 2.17 2.19 2.2 2.34
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 6.56
percent
5.5 5.3 5 6.5 6.8
Food Inflation 6.37
percent
6.25 6.27 6.27 6.27 6.27
Inflation Rate Mom 0.34
percent
0.54 0.54 0.54 0.54 0.54
GDP Deflator 175.00
Index Points
185 187 189 191 212
Consumer Price Index Cpi 207.82
Index Points
209 212 215 221 235
Cpi Housing Utilities 200.94
Index Points
202 206 209 214 227
Cpi Transportation 239.54
Index Points
246 247 249 255 276
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 13.50
percent
13.5 15 15 13.5 16
Deposit Interest Rate 16.00
percent
16 17.5 17.5 16 18.5
Money Supply M0 14740.12
GMD Million
15129 15458 15763 16045 17810
Money Supply M1 17314.80
GMD Million
18035 18585 19132 19675 24414
Money Supply M2 32054.91
GMD Million
33721 34973 36212 37439 47970
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -72.00
USD Million
-40.51 -79.5 -69.43 -28.99 -29.2
Exports 5.16
USD Million
34.39 -0.36 28.58 56.57 52.36
Imports 77.16
USD Million
57.92 79.14 98.01 85.56 81.56
Current Account -7.01
USD Million
-10.2 -8.61 -9.4 -9.32 -8.77
Current Account to GDP -14.30
percent
-10 -11 -11 -11 -9
Terrorism Index 0.00
0 0 0 0 0
Capital Flows 7.53
USD Million
-8.87 -0.43 9.55 -14.44 -6.52
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 65.60
percent
63 58 58 58 52
Government Budget -3.90
percent of GDP
-3.9 -3.9 -3.9 -3.9 -3.9
Military Expenditure 15.10
USD Million
15.74 16.08 16.42 16.77 19.95
Government Budget Value -666.62
Dalasi Million
-1279 -254 -1331 -911 -1108
Government Revenues 2377.68
Dalasi Million
3154 3006 3027 3086 3074
Fiscal Expenditure 3044.30
Dalasi Million
3117 3313 3461 3501 3371
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Internet Speed 2321.23
KBps
2681 2740 2797 2852 3289
IP Addresses 4061.00
IP
4060 4049 4039 4048 4049
Ease of Doing Business 149.00
148 150 152 153 149
Competitiveness Index 45.45
Points
45.95 45.95 45.95 45.95 48.45
Competitiveness Rank 119.00
119 119 119 119 119
Corruption Index 30.00
Points
30 30 30 30 30
Corruption Rank 130.00
130 130 130 130 130
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Sales Tax Rate 15.00
percent
15 15 15 15 15
Personal Income Tax Rate 30.00
percent
30 30 30 30 30
Corporate Tax Rate 31.00
percent
31 31 31 31 31
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Temperature 26.95
celsius
26.69 26.47 28.27 28.27 28.21



Gambia - Economic Forecasts - 2018-2020 Outlook