What is the GDP of Gambia?

Gambia's GDP is approximately $2.4 billion USD. The GDP growth rate is 5.6%.

What is the population of Gambia?

Gambia has a population of approximately 2.8 million people. The population growth rate is 2.3%.

What is the inflation rate in Gambia?

The inflation rate in Gambia is 11.6%.

What is the unemployment rate in Gambia?

The unemployment rate in Gambia is 6.5%.

What is the GDP per capita of Gambia?

Gambia's GDP per capita is approximately $871 USD.

Is Gambia a good country to invest in?

Gambia has an investment score of 28/100, classified as "Caution" risk. Key sectors include Agriculture (Groundnuts), Tourism, Fisheries. Credit rating: NR.

How open is Gambia's economy to trade?

Gambia's trade openness (trade as % of GDP) is 42%. Exports total approximately $0.2B and imports $0.8B.

How much foreign investment does Gambia attract?

Foreign direct investment (FDI) in Gambia is 9.7% of GDP. This indicates strong foreign investor interest.

What are the main economic sectors in Gambia?

Gambia's economy is composed of services (57% of GDP), industry (15% of GDP), and agriculture (20% of GDP).

Can I start a business in Gambia as a foreigner?

Gambia offers various options for foreign entrepreneurs. Visit our business setup guide for Gambia for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Gambia's economy growing?

Gambia's GDP growth rate is 5.6%. This is above the global average, indicating strong economic momentum.

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Gambia Economy Overview

Name: Gambia Economic Data
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

Sub-Saharan AfricaLow IncomeCapital: BanjulGMB

Caution

Growing

2.4B USD

GDP (Nominal)

Growing at 5.6%

$871

GDP Per Capita

Developing economy

2.8M

Population

+2.3% annual growth

High

11.6%

Inflation

Elevated

42%of GDP

Trade Openness

Strong

9.7%of GDP

FDI Inflows

Public Debt

High

6.5%

Unemployment

Deficit

-$0.6B

Trade Balance

GDP

Billion USD, nominal

$2.4B

2024+0.0B

GDP Growth

Annual %

5.6%

2024-0.3%

Inflation

Consumer prices, annual %

11.6%

2024-5.4%

Population

Millions

2.8M

2024+0.1M

Economic Structure

Services57%

Industry15%

Agriculture20%

Investment Score Breakdown

Economic Health (30%)25

Political Safety (25%)30

Business Climate (20%)28

Financial Strength (15%)22

Growth Potential (10%)38

Key Sectors

Agriculture (Groundnuts)

22% of GDP

stable

Tourism

10% of GDP

growing

Fisheries

4% of GDP

stable

Should I Invest in Gambia?

AvoidSetup: ModerateROI: Moderate

Gambia scores 28/100 on the NationsData Investment Index, rated "Caution". The economy is growing at 5.5%, offering expanding market opportunity.

Investment Score28/100

GDP Growth5.5%

Inflation8.5%

FDI/GDP2.5%

Public Debt80%

Political Stability-0.1

Strengths

+Strong GDP growth at 5.5% - expanding market opportunity

Risks

-Significant political instability - governance risks may affect business continuity
-Elevated inflation (8.5%) - factor into pricing strategy
-Elevated public debt (80% of GDP)
-Corruption is a significant concern - budget for compliance and due diligence
-Large current account deficit (-6%) - currency depreciation risk

Also Consider

Togo

Same region, similar income level

Mozambique

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Ethiopia

Same region, similar income level

Lesotho

Same region, similar income level

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89% match

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