Currency | Dalasi (GMD, D) |
---|---|
1 July – 29 June | |
Trade organisations | AU, AfCFTA, CEN-SAD, ECOWAS, G77, WTO |
Country group |
|
Statistics | |
Population | ![]() |
GDP | |
GDP rank | |
GDP growth |
|
GDP per capita | |
GDP per capita rank | |
GDP by sector |
|
6.5% (2020 est.)[4] | |
Population below poverty line | |
35.9 medium (2015)[8] | |
Labour force | |
Labour force by occupation |
|
Unemployment | 8.6% |
Average gross salary | $0.65 per man-hour (2015)[citation needed] |
Main industries | processing peanuts, fish, and hides; tourism; beverages; agricultural machinery assembly, woodworking, metalworking; clothing |
External | |
Exports | $182 million (f.o.b., 2010) |
Export goods | lumber, cashews, refined petroleum, fish oil, ground nut oil |
Main export partners | |
Imports | $251 million (f.o.b., 2010) |
Import goods | clothing and apparel, refined petroleum, rice, raw sugar, palm oil |
Main import partners | |
FDI stock | N/A (2011) |
Gross external debt | $1 Billion (2005 est.) |
Public finances | |
150% of GDP (2020) | |
Revenues | D4.5 billion (2015) |
Expenses | $D963.6 million (2015) |
Economic aid | $45.4 million (1995) |
All values, unless otherwise stated, are in US dollars. |
The economy of the Gambia is heavily reliant on agriculture.[15] The Gambia has no significant mineral or other natural resources, and has a limited agricultural base. About 75% of the population depends on crops and livestock for its livelihood. Small-scale manufacturing activity features the processing of peanuts, fish, and animal hides.
Short-run economic progress remains highly dependent on foreign aid, and on responsible government economic management as forwarded by International Monetary Fund technical help and advice.
© MMXXIII Rich X Search. We shall prevail. All rights reserved. Rich X Search