Economy of The Gambia

Economy - overview: The Gambia has no important 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 hides. Re-export trade normally constitutes a major segment of economic activity, but the 50% devaluation of the CFA franc in January 1994 made Senegalese goods more competitive and hurt the re-export trade. The Gambia has benefited from a rebound in tourism after its decline in response to the military's takeover in July 1994.

Tourism in this country has three major strands. There is the traditonal "sun, sea and sex" holiday making use of the hot climate and wonderful beaches. The Gambia is also usually the first African destination for many european birders[?], in view of its easily accessed and spectacular avian fauna. There are also a significant number of African-Americans tracing their roots in this country, from which so many Africans were taken during the slave trade.

The tourist season is the dry season, during the Northern Hemisphere[?] winter.

Short-run economic progress remains highly dependent on sustained bilateral and multilateral aid and on responsible government economic management as forwarded by IMF technical help and advice. Annual GDP growth is expected to fall to less than 4% over 2000-01.

The Gambia has a liberal, market-based economy[?] characterized by traditional subsistence agriculture[?], a historic reliance on peanuts or groundnuts for export earnings, a re-export trade built up around its ocean port, low import duties, minimal administrative procedures, a fluctuating exchange rate with no exchange controls, and a significant tourism industry.

Agriculture accounts for 23% of gross domestic product (GDP) and employs 75% of the labor force. Within agriculture, peanut production accounts for 5.3% of GDP, other crops 8.3%, livestock 4.4%, fishing 1.8%, and forestry 0.5%. Industry accounts for 12% of GDP and forestry 0.5%. Manufacturing accounts for 6% of GDP. The limited amount of manufacturing is primarily agriculturally based (e.g., peanut processing, bakeries, a brewery, and a tannery). Other manufacturing activities include soap, soft drinks, and clothing. Services account for 19% of GDP.

In FY 1999 the U.K. and other EU countries were The Gambia's major domestic export markets, accounting for 86% in total; followed by Asia at 14%; and the African subregion, including Senegal, Guinea-Bissau, and Ghana at 8%. The U.K. and the other EU countries--namely, Germany, France, Netherlands, and Belgium--were the major source of imports accounting for 60% of the total share of imports followed by Asia at 23%, and Cote d'Ivoire and other African countries at 17%. The Gambia reports 11% of its exports going to and 14.6% of its imports coming from the United States.

GDP:

purchasing power parity $1.4 billion (1999 est.)

real growth rate: 4.2% (1999 est.)

per capita: purchasing power parity - $1,030 (1999 est.)

composition by sector:

agriculture: 23%

industry: 13%

services: 64% (1997 est.)

Population below poverty line: Not available%

Household income or consumption by percentage share:

lowest 10%: Not Available%

highest 10%: Not Available%

Inflation rate (consumer prices): 2.5% (1999 est.)

Labor force: 400,000

Labor force - by occupation: agriculture 75%, industry, commerce, and services 19%, government 6%

Unemployment rate: Not Available%

Budget:

revenues: $88.6 million

expenditures: $98.2 million, including capital expenditures of $(Not Available) (FY96/97 est.)

Industries: processing peanuts, fish, and hides; tourism; beverages; agricultural machinery assembly, woodworking, metalworking; clothing

Industrial production growth rate: Not Available%

Electricity

production: 75 million kWh (1998)

production by source:

fossil fuel: 100%

hydro: 0%

nuclear: 0%

other: 0% (1998)

consumption: 70 million kWh (1998)

exports: 0 kWh (1998)

imports: 0 kWh (1998)

Agriculture - products: peanuts, millet, sorghum, rice, maize, cassava (tapioca), palm kernels; cattle, sheep, goats; forest and fishery resources not fully exploited.

Exports: $132 million (f.o.b., 1998)

commodities: peanuts and peanut products, fish, cotton lint, palm kernels.

partners: Benelux 78%, Japan, United Kingdom, Hong Kong, France, Spain (1997)

Imports: $201 million (f.o.b., 1998)

commodities: foodstuffs, manufactures, fuel, machinery and transport equipment.

partners: Hong Kong, United Kingdom, Netherlands, Côte d'Ivoire, France, Senegal, Belgium (1997)

Debt - external: $430 million (1997 est.)

Economic aid - recipient: $45.4 million (1995)

Currency: 1 dalasi (D) = 100 butut

Exchange rates: dalasi (D) per US$1 - 11.626 (November 1999), 10.643 (1998), 10.200 (1997), 9.789 (1996), 9.546 (1995)

Fiscal year: 1 July - 30 June

See also : The Gambia

Common misspelling and questions (FAQ)

conomy-of-the-gambia  eonomy-of-the-gambia  ecnomy-of-the-gambia  ecoomy-of-the-gambia  econmy-of-the-gambia  econoy-of-the-gambia  econom-of-the-gambia  economyof-the-gambia  economy-f-the-gambia  economy-o-the-gambia  economy-ofthe-gambia  economy-of-he-gambia  economy-of-te-gambia  economy-of-th-gambia  economy-of-thegambia  economy-of-the-ambia  economy-of-the-gmbia  economy-of-the-gabia  economy-of-the-gamia  economy-of-the-gamba  economy-of-the-gambi  ceonomy-of-the-gambia  eocnomy-of-the-gambia  ecnoomy-of-the-gambia  ecoonmy-of-the-gambia  econmoy-of-the-gambia  econoym-of-the-gambia  econom-yof-the-gambia  economyo-f-the-gambia  economy-fo-the-gambia  economy-o-fthe-gambia  economy-oft-he-gambia  economy-of-hte-gambia  economy-of-teh-gambia  economy-of-th-egambia  economy-of-theg-ambia  economy-of-the-agmbia  economy-of-the-gmabia  economy-of-the-gabmia  economy-of-the-gamiba  economy-of-the-gambai  economy-of-the-gambi  eeconomy-of-the-gambia  ecconomy-of-the-gambia  ecoonomy-of-the-gambia  econnomy-of-the-gambia  econoomy-of-the-gambia  econommy-of-the-gambia  economyy-of-the-gambia  economy--of-the-gambia  economy-oof-the-gambia  economy-off-the-gambia  economy-of--the-gambia  economy-of-tthe-gambia  economy-of-thhe-gambia  economy-of-thee-gambia  economy-of-the--gambia  economy-of-the-ggambia  economy-of-the-gaambia  economy-of-the-gammbia  economy-of-the-gambbia  economy-of-the-gambiia  economy-of-the-gambiaa  3conomy-of-the-gambia  wconomy-of-the-gambia  sconomy-of-the-gambia  4conomy-of-the-gambia  dconomy-of-the-gambia  4conomy-of-the-gambia  rconomy-of-the-gambia  dconomy-of-the-gambia  edonomy-of-the-gambia  exonomy-of-the-gambia  efonomy-of-the-gambia  efonomy-of-the-gambia  evonomy-of-the-gambia  ec9nomy-of-the-gambia  ecinomy-of-the-gambia  ecknomy-of-the-gambia  ec0nomy-of-the-gambia  eclnomy-of-the-gambia  ec0nomy-of-the-gambia  ecpnomy-of-the-gambia  eclnomy-of-the-gambia  ecohomy-of-the-gambia  ecobomy-of-the-gambia  ecojomy-of-the-gambia  ecojomy-of-the-gambia  ecomomy-of-the-gambia  econ9my-of-the-gambia  econimy-of-the-gambia  econkmy-of-the-gambia  econ0my-of-the-gambia  econlmy-of-the-gambia  econ0my-of-the-gambia  econpmy-of-the-gambia  econlmy-of-the-gambia  econojy-of-the-gambia  econony-of-the-gambia  econoky-of-the-gambia  econoky-of-the-gambia  econo,y-of-the-gambia  econom6-of-the-gambia  economt-of-the-gambia  economg-of-the-gambia  econom7-of-the-gambia  economh-of-the-gambia  econom7-of-the-gambia  economu-of-the-gambia  economh-of-the-gambia  economy0of-the-gambia  economypof-the-gambia  economy[of-the-gambia  economy-9f-the-gambia  economy-if-the-gambia  economy-kf-the-gambia  economy-0f-the-gambia  economy-lf-the-gambia  economy-0f-the-gambia  economy-pf-the-gambia  economy-lf-the-gambia  economy-or-the-gambia  economy-od-the-gambia  economy-oc-the-gambia  economy-ot-the-gambia  economy-ov-the-gambia  economy-ot-the-gambia  economy-og-the-gambia  economy-ov-the-gambia  economy-of0the-gambia  economy-ofpthe-gambia  economy-of[the-gambia  economy-of-5he-gambia  economy-of-rhe-gambia  economy-of-fhe-gambia  economy-of-6he-gambia  economy-of-ghe-gambia  economy-of-6he-gambia  economy-of-yhe-gambia  economy-of-ghe-gambia  economy-of-tye-gambia  economy-of-tge-gambia  economy-of-tbe-gambia  economy-of-tue-gambia  economy-of-tne-gambia  economy-of-tue-gambia  economy-of-tje-gambia  economy-of-tne-gambia  economy-of-th3-gambia  economy-of-thw-gambia  economy-of-ths-gambia  economy-of-th4-gambia  economy-of-thd-gambia  economy-of-th4-gambia  economy-of-thr-gambia  economy-of-thd-gambia  economy-of-the0gambia  economy-of-thepgambia  economy-of-the[gambia  economy-of-the-tambia  economy-of-the-fambia  economy-of-the-vambia  economy-of-the-yambia  economy-of-the-bambia  economy-of-the-yambia  economy-of-the-hambia  economy-of-the-bambia  economy-of-the-gqmbia  economy-of-the-gwmbia  economy-of-the-gzmbia  economy-of-the-gwmbia  economy-of-the-gsmbia  economy-of-the-gzmbia  economy-of-the-gajbia  economy-of-the-ganbia  economy-of-the-gakbia  economy-of-the-gakbia  economy-of-the-ga,bia  economy-of-the-gamgia  economy-of-the-gamvia  economy-of-the-gamhia  economy-of-the-gamhia  economy-of-the-gamnia  economy-of-the-gamb8a  economy-of-the-gambua  economy-of-the-gambja  economy-of-the-gamb9a  economy-of-the-gambka  economy-of-the-gamb9a  economy-of-the-gamboa  economy-of-the-gambka  economy-of-the-gambiq  economy-of-the-gambiw  economy-of-the-gambiz  economy-of-the-gambiw  economy-of-the-gambis  economy-of-the-gambiz  economy-of-the-gambya  economy-of-yhe-gambia  economy-of-tyhe-gambia  economy-of-the-gambias 


The son-in-law hath sent to you saying, 'Do ye eat and feed your you, for Allah's sake, to let me know what may be my son-in-law's but what his business may be we know not;" and so saying they present, "By the Apostle, he is naught but a robber;" while whatever may be, before the man who can do after this fashion all provision and all ate their sufficiency; then they removed the also enjoyed; and at last after dividing the orts amongst the for the bridegroom's supper. In due time a report was.