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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Definition: Economy > Aid as % of GDP |
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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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Definition: Economy > Debt > External |
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Distribution of family income > Gini index
|
50.2 |
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[10th of 43]
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Definition: Economy > Distribution of family income > Gini index |
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Economic freedom
|
1.7 |
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[104th of 156]
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Definition: Economy > Economic freedom |
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. |
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Definition: Economy > Economy > Overview |
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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Definition: Economy > Exchange rates |
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Exports
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$88,000,000.00 |
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[148th of 189]
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Definition: Economy > Exports |
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GDP
|
$510,689,100.00 |
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[156th of 203]
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Definition: Economy > GDP |
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GDP > PPP
|
$2,914,000,000.00 |
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[147th of 163]
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Definition: Economy > GDP > PPP |
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GDP > Real growth rate
|
7% |
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[47th of 198]
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Definition: Economy > GDP > Real growth rate |
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GDP growth > annual %
|
5 annual %
|
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[82nd of 187]
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Definition: Economy > GDP growth > annual % |
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GINI index
|
50.23
|
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[8th of 40]
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Definition: Economy > GINI index |
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Gross National Income
|
$426,233,000.00 |
|
[155th of 172]
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Definition: Economy > Gross National Income |
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Human Development Index
|
0.47 |
|
[156th of 178]
|
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Definition: Economy > Human Development Index |
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Income distribution > Poorest 10%
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1.6% |
|
[95th of 114]
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Definition: Economy > Income distribution > Poorest 10% |
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Income distribution > Richest 10%
|
38.2% |
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[24th of 114]
|
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Definition: Economy > Income distribution > Richest 10% |
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Population under $1 a day
|
59.3 |
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[7th of 59]
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Definition: Economy > Population under $1 a day |
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Poverty > Share of all poor people
|
0.07 % of world's poor |
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[49th of 80]
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Definition: Economy > Poverty > Share of all poor people |
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Tourist arrivals
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85,000 |
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[120th of 152]
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Definition: Economy > Tourist arrivals |
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