Markets Actual Q1 Q2 Q3 Q4 2020
Currency 51.00 51.58 51.86 52.15 52.44 53.02
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 6.50 5.3 5.3 5.3 5.3 5
Unemployment Rate (%) 8.90 9 9 9 9 9.1
Inflation Rate (%) 7.68 6.7 6.3 5.6 6 6.5
Interest Rate (%) 12.50 12 12 12 12 11.5
Balance of Trade (GMD Thousands) -2613257.00 -69.43 -28.99 -57.48 -63.46 -80.89
Current Account to GDP (%) -19.00 -17.5 -17.5 -17.5 -17.5 -17
Government Debt to GDP (%) 65.60 52 52 52 52 50
Government Budget (% of GDP) -3.90 -3.8 -3.8 -3.8 -3.8 -3.6
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 6.50 5.3 5.3 5.3 5.3 5
GDP (USD Billion) 1.62 1.75 1.75 1.75 1.75 1.66
GDP per capita (USD) 518.80 530 530 530 530 560
GDP per capita PPP (USD) 1516.70 1575 1575 1575 1575 1591
GDP Constant Prices (GMD Thousand) 57777815975.00 60840040222 60840040222 60840040222 60840040222 63882042233
GDP From Agriculture (GMD Thousand) 5704726584.00 6007077093 6007077093 6007077093 6007077093 6307430948
GDP From Construction (GMD Thousand) 5469794833.00 5759693959 5759693959 5759693959 5759693959 6047678657
GDP From Manufacturing (GMD Thousand) 2526253675.00 2660145120 2660145120 2660145120 2660145120 2793152376
GDP From Mining (GMD Thousand) 295694513.00 311366322 311366322 311366322 311366322 326934638
GDP From Public Administration (GMD Thousand) 1600367327.00 1685186795 1685186795 1685186795 1685186795 1769446135
GDP From Services (GMD Thousand) 33151173982.00 16741898 34908186203 34908186203 17612477 18420889
GDP From Transport (GMD Thousand) 2342948673.00 2467124953 2467124953 2467124953 2467124953 2590481200
GDP From Utilities (GMD Thousand) 600148304.00 631956164 631956164 631956164 631956164 663553972
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 8.90 9 9 9 9 9.1
Population (Million) 2.28 2.42 2.42 2.42 2.42 2.49
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 7.68 6.7 6.3 5.6 6 6.5
Consumer Price Index Cpi (points) 227.12 228 234 236 238 254
Cpi Housing Utilities (points) 216.06 220 223 225 227 241
Cpi Transportation (points) 245.17 259 259 258 259 276
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 12.50 12 12 12 12 11.5
Deposit Interest Rate (%) 9.00 8.5 8.5 8.5 8.5 8
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (GMD Thousands) -2613257.00 -69.43 -28.99 -57.48 -63.46 -80.89
Current Account to GDP (%) -19.00 -17.5 -17.5 -17.5 -17.5 -17
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 65.60 52 52 52 52 50
Government Budget (% of GDP) -3.90 -3.8 -3.8 -3.8 -3.8 -3.6
Military Expenditure (USD Million) 11.30 15 15 15 15 12
Taxes Actual Q1 Q2 Q3 Q4 2020
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 2020
Business Confidence (points) 68.00 72 71 73 74 76


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.