Markets Actual Q2 Q3 Q4 Q1 2021
Currency 51.00 51.27 51.54 51.82 52.09 52.64

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Annual Growth Rate (%) 5.40 3.7 3.7 3.7 5 5
Unemployment Rate (%) 8.90 9.5 9.5 9.5 10.2 10.2
Inflation Rate (%) 7.36 8 8.4 8.7 8.4 9
Interest Rate (%) 12.00 11.5 11 10 10 9.5
Balance of Trade (GMD Thousands) -2881622.00 -69.43 -28.99 -63.46 -57.48 -80.89
Current Account to GDP (%) -19.00 -17.5 -17.5 -17.5 -17 -17
Government Debt to GDP (%) 81.80 120 120 120 125 125
Government Budget (% of GDP) -3.90 -8 -8 -8 -6.7 -6.7

GDP Actual Q2 Q3 Q4 Q1 2021
GDP Annual Growth Rate (%) 5.40 3.7 3.7 3.7 5 5
GDP (USD Billion) 1.67 1.75 1.75 1.75 1.66 1.66
GDP per capita (USD) 518.80 530 530 530 560 560
GDP per capita PPP (USD) 1516.70 1575 1575 1575 1565 1591
GDP Constant Prices (GMD Thousand) 57777815975.00 60840040222 60840040222 27174472 60840040222 28421780
GDP From Agriculture (GMD Thousand) 5704726584.00 5915801468 5915801468 5915801468 5989962913 6211591541
GDP From Construction (GMD Thousand) 5469794833.00 5672177242 5672177242 5672177242 5743284575 5955786104
GDP From Manufacturing (GMD Thousand) 2526253675.00 2619725061 2619725061 2619725061 2652566359 2750711314
GDP From Mining (GMD Thousand) 295694513.00 306635210 306635210 306635210 310479239 321966970
GDP From Public Administration (GMD Thousand) 1600367327.00 1659580918 1659580918 1659580918 1680385693 1742559964
GDP From Services (GMD Thousand) 33151173982.00 16741898 34908186203 17612477 17612477 18420889
GDP From Transport (GMD Thousand) 2342948673.00 2429637774 2429637774 2429637774 2460096107 2551119663
GDP From Utilities (GMD Thousand) 600148304.00 622353791 622353791 622353791 630155719 653471481

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 8.90 9.5 9.5 9.5 10.2 10.2
Population (Million) 2.21 2.42 2.42 2.42 2.48 2.49

Prices Actual Q2 Q3 Q4 Q1 2021
Inflation Rate (%) 7.36 8 8.4 8.7 8.4 9
Food Inflation (%) 7.64 8.8 9.2 9.4 9 9.5
Inflation Rate Mom (%) 0.63 1.1 0.8 1 0.7 1.3
Consumer Price Index Cpi (points) 100.00 237 242 247 108 269
Cpi Housing Utilities (points) 100.00 226 231 235 108 256
Cpi Transportation (points) 100.00 263 265 266 108 290

Money Actual Q2 Q3 Q4 Q1 2021
Interest Rate (%) 12.00 11.5 11 10 10 9.5
Deposit Interest Rate (%) 9.00 9 9 9 7.5 10

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (GMD Thousands) -2881622.00 -69.43 -28.99 -63.46 -57.48 -80.89
Current Account to GDP (%) -19.00 -17.5 -17.5 -17.5 -17 -17

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 81.80 120 120 120 125 125
Government Budget (% of GDP) -3.90 -8 -8 -8 -6.7 -6.7
Military Expenditure (USD Million) 11.30 15 15 15 15 12

Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2021
Business Confidence (points) 72.00 25 18 20 16 35


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.