Economy of The Gambia

Imports

Imports commoditiesfoodstuffs, manufactures, fuel, machinery and transport equipment

Import partnersChina 27.6%, Senegal 8.5%, Brazil 8.1%, UK 6.4%, India 6.1%, Indonesia 4.1% (2012)

Exports

Exports commoditiespeanut products, fish, cotton lint, palm kernels

Export partnersChina 57.1%, India 18.6%, France 4.6%, UK 4% (2012)

Economy sectors

Agriculture productsrice, millet, sorghum, peanuts, corn, sesame, cassava (manioc), palm kernels; cattle, sheep, goats

Industrial productsprocessing peanuts, fish, and hides; tourism, beverages, agricultural machinery assembly, woodworking, metalworking, clothing

Economy

Unemployment7.70 % (2012)7.90 % (2011)7.70 % (2010)

GDP - Official Exchange Rate896 Million $ (2013)896 Million $ (2012)898 Million $ (2011)

GDP growth rate6.40 % (2013)5.30 % (2012)3.30 % (2011)

GDP per Capita (PPP)2,000 $ (2013)1,900 $ (2012)2,000 $ (2011)

GDP - Purchasing Power Parity3.68 Billion $ (2013)3.41 Billion $ (2012)3.55 Billion $ (2011)

GDP PPP per land area326 Thousand $ per square kilometer (2013)302 Thousand $ per square kilometer (2012)315 Thousand $ per square kilometer (2011)

Electricity

Banking

Central bank discount rate9.00 % (2009)11.0 % (2008)10.0 % (2007)

Commercial bank prime lending rate30.5 % (2013)28.0 % (2012)28.0 % (2011)

GDP decomposition by sector

Agriculture % of GDP19.7 % (2013)19.1 % (2012)

Industry % of GDP12.6 % (2013)13.1 % (2012)

Services % of GDP67.7 % (2013)67.8 % (2012)

Tourism

International tourism, number of arrivals157 Thousand (2012)106 Thousand (2011)91,000 (2010)

Debt, Current Account Balance and Budget Deficit

Current Account Balance (Percentage of GDP)6.35 % of GDP (2012)12.2 % of GDP (2011)5.91 % of GDP (2010)

External Debt Stocks (Percentage of GNI)58.7 % of GNI (2012)54.8 % of GNI (2011)55.5 % of GNI (2010)

Short-term debt (percentage of total external debt)4.41 % of total external debt (2012)0.23 % of total external debt (2011)8.66 % of total external debt (2010)

Current Account Balance (Total)-163.70 Million $ (2013)-152.50 Million $ (2012)-119.10 Million $ (2011)

External Debt (Total)518 Million $ (2013)482 Million $ (2012)531 Million $ (2011)

External Debt (Percentage of GDP)57.8 % of GDP (2013)53.8 % of GDP (2012)59.1 % of GDP (2011)

External Debt per Capita275 $ (2013)262 $ (2012)295 $ (2011)