Markets Actual Q4 Q1 Q2 Q3 2021
Currency 51.60 51.87 52.15 52.43 52.7 53.26

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) 6.20 -3 2.8 2.8 2.8 2.8
Unemployment Rate (%) 8.90 9.2 9 9 9 9
Inflation Rate (%) 5.18 4 5.1 6 6.3 5.6
Interest Rate (%) 10.00 10 10 9.5 9.5 9.5
Balance of Trade (GMD Thousands) -2272527.00 -80.89 -28.99 -57.48 -57.48 -29.2
Current Account to GDP (%) -5.40 -12 -10.5 -10.5 -10.5 -10.5
Government Debt to GDP (%) 81.80 120 125 125 125 125
Government Budget (% of GDP) -4.10 -3.6 -3 -3 -3 -3

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) 6.20 -3 2.8 2.8 2.8 2.8
GDP (USD Billion) 1.76 1.4 1.6 1.6 1.6 1.6
GDP per capita (USD) 809.40 700 780 780 780 780
GDP per capita PPP (USD) 2206.90 1850 2050 2050 2050 2050
GDP Constant Prices (GMD Thousand) 61672887.00 27174472 27174472 27174472 60840040222 28421780
GDP From Agriculture (GMD Thousand) 4333883528.00 5050437 5533584786 5864458928 5864458928 5282253
GDP From Construction (GMD Thousand) 6565766068.00 1424623 5305700988 5622949088 5622949088 1490013
GDP From Manufacturing (GMD Thousand) 2488867691.00 1397281 2450466065 2596988778 2596988778 1461416
GDP From Mining (GMD Thousand) 342169621.00 595592 286823678 303973959 303973959 622930
GDP From Public Administration (GMD Thousand) 1718400630.00 597425 1552356307 1645177612 1645177612 624847
GDP From Services (GMD Thousand) 35.00 17612477 17612477 17612477 17612477 18420889
GDP From Transport (GMD Thousand) 2324319630.00 4735550 2272660213 2408551236 2408551236 4952911
GDP From Utilities (GMD Thousand) 742352361.00 335612 582143855 616952457 616952457 351016

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 8.90 9.2 9 9 9 9
Population (Million) 2.21 2.42 2.48 2.48 2.48 2.49

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 5.18 4 5.1 6 6.3 5.6
Food Inflation (%) 7.00 7 6 5.3 5.6 5.4
Inflation Rate Mom (%) 1.30 0.4 0.7 0.5 0.8 0.8
Consumer Price Index CPI (points) 103.44 233 104 106 108 245
Cpi Housing Utilities (points) 100.53 225 103 105 106 237
Cpi Transportation (points) 102.20 268 104 107 106 282

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

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (GMD Thousands) -2272527.00 -80.89 -28.99 -57.48 -57.48 -29.2
Current Account to GDP (%) -5.40 -12 -10.5 -10.5 -10.5 -10.5
Tourist Arrivals (Persons) 0.00 50 250 500 1000 1000

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 81.80 120 125 125 125 125
Government Budget (% of GDP) -4.10 -3.6 -3 -3 -3 -3
Military Expenditure (USD Million) 11.30 15 15 15 15 12

Taxes Actual Q4 Q1 Q2 Q3 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 Q4 Q1 Q2 Q3 2021
Business Confidence (points) -16.00 -14 8 15 20 20


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.