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Agriculture > products
rice, millet, sorghum, peanuts, corn, sesame, cassava, palm kernels; cattle, sheep, goats |
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Aid as % of GDP
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11.6% |
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[27th of 129]
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Debt > External
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$628,800,000.00 |
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[113rd of 136]
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Distribution of family income > Gini index
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50.2 |
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[10th of 43]
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Economic freedom
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1.7 |
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[104th of 156]
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Economy > Overview
The Gambia has no confirmed mineral or natural resource deposits 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. Reexport trade normally constitutes a major segment of economic activity, but a 1999 government-imposed preshipment inspection plan, and instability of the Gambian dalasi (currency) have drawn some of the reexport trade away from The Gambia. The Gambia's natural beauty and proximity to Europe has made it one of the larger markets for tourism in West Africa. The government's 1998 seizure of the private peanut firm Alimenta eliminated the largest purchaser of Gambian groundnuts. Despite an announced program to begin privatizing key parastatals, no plans have been made public that would indicate that the government intends to follow through on its promises. Unemployment and underemployment rates remain extremely high; short-run economic progress depends on sustained bilateral and multilateral aid, on responsible government economic management, on continued technical assistance from the IMF and bilateral donors, and on expected growth in the construction sector. |
Exchange rates
dalasi per US dollar - 27.306 (2003), 27.306 (2003), 19.918 (2002), 15.687 (2001), 12.788 (2000) |
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Exports
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$88,000,000.00 |
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[148th of 189]
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GDP
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$510,689,100.00 |
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[156th of 203]
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GDP > PPP
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$2,914,000,000.00 |
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[147th of 163]
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GDP > Real growth rate
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7% |
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[47th of 198]
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GDP growth > annual %
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5 annual %
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[82nd of 187]
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GINI index
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50.23
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[8th of 40]
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Gross National Income
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$426,233,000.00 |
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[155th of 172]
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Human Development Index
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0.47 |
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[156th of 178]
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Income distribution > Poorest 10%
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1.6% |
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[95th of 114]
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Income distribution > Richest 10%
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38.2% |
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[24th of 114]
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Population under $1 a day
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59.3 |
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[7th of 59]
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Poverty > Share of all poor people
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0.07 % of world's poor |
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[49th of 80]
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Tourist arrivals
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85,000 |
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[120th of 152]
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... View all Economy stats
SOURCES: CIA World Factbook, 28 July 2005; calculated on the basis of data on ODA from OECD (Organisation for Economic Co-operation and Development), Development Assistance Committee. 2002. DAC Online. Database. Paris.; and data on GDP from World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; All CIA World Factbooks 18 December 2003 to 18 December 2008; The Heritage Foundation; World Development Indicators database and CIA World Factbook; World Bank. 2005. World Development Indicators 2005.; World Development Indicators database; ; Human Development Report 2006, United Nations Development Programme; World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; World Bank 2002b via backone.pdf; Country Responsibilities in Achieving the Millenium Development Goals", April 8 2003, by Janice Poling; United Nations World Statistics Pocketbook and Statistical Yearbook
ALTERNATIVE NAMES:
Gambia, The, Republic of The Gambia, The Gambia, gambia
Related links:
More facts and figures on Gambia, The
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