World Factbook
Gambia
Republic of The Gambia
Last updated: 2026-03-28 (today)
Budget
note
note: central government revenues and expenses (excluding grants/extrabudgetary units/social security funds) converted to US dollars at average official exchange rate for year indicated
revenues
$308.887 million (2018 est.)
expenditures
$221.137 million (2018 est.)
Exports
note
note: balance of payments - exports of goods and services in current dollars
Exports 2022
$267.377 million (2022 est.)
Exports 2023
$717.774 million (2023 est.)
Exports 2024
$838.409 million (2024 est.)
Imports
note
note: balance of payments - imports of goods and services in current dollars
Imports 2022
$829.516 million (2022 est.)
Imports 2023
$1.353 billion (2023 est.)
Imports 2024
$1.549 billion (2024 est.)
Industries
peanuts, fish, hides, tourism, beverages, agricultural machinery assembly, woodworking, metalworking, clothing
Labor force
783,100 (2024 est.)
note: number of people ages 15 or older who are employed or seeking work
Public debt
Public debt 2016
82.3% of GDP (2016 est.)
Remittances
note
note: personal transfers and compensation between resident and non-resident individuals/households/entities
Remittances 2022
22.8% of GDP (2022 est.)
Remittances 2023
21.5% of GDP (2023 est.)
Remittances 2024
21.1% of GDP (2024 est.)
Exchange rates
Currency
dalasis (GMD) per US dollar -
Exchange rates 2019
50.062 (2019 est.)
Exchange rates 2020
51.502 (2020 est.)
Exchange rates 2021
51.484 (2021 est.)
Exchange rates 2022
54.923 (2022 est.)
Exchange rates 2023
61.096 (2023 est.)
Debt - external
note
note: present value of external debt in current US dollars
Debt - external 2023
$902.421 million (2023 est.)
Economic overview
low-income West African economy; agriculture-dominant; high poverty rate; heightened inflation; dependent on foreign assistance and remittances; structural reforms conditioned by IMF Extended Credit Facility program
Unemployment rate
note
note: % of labor force seeking employment
Unemployment rate 2022
6.1% (2022 est.)
Unemployment rate 2023
6.5% (2023 est.)
Unemployment rate 2024
6.5% (2024 est.)
Exports - partners
Kazakhstan 92%, Guinea-Bissau 2%, China 1%, India 1%, Greece 1% (2023)
note: top five export partners based on percentage share of exports
Imports - partners
Kazakhstan 26%, China 18%, Senegal 8%, India 7%, Brazil 4% (2023)
note: top five import partners based on percentage share of imports
Real GDP per capita
note
note: data in 2021 dollars
Real GDP per capita 2022
$2,900 (2022 est.)
Real GDP per capita 2023
$2,900 (2023 est.)
Real GDP per capita 2024
$3,000 (2024 est.)
Real GDP growth rate
note
note: annual GDP % growth based on constant local currency
Real GDP growth rate 2022
5.5% (2022 est.)
Real GDP growth rate 2023
4.8% (2023 est.)
Real GDP growth rate 2024
5.7% (2024 est.)
Agricultural products
rice, groundnuts, milk, millet, oil palm fruit, maize, vegetables, cassava, fruits, sorghum (2023)
note: top ten agricultural products based on tonnage
Exports - commodities
packaged medicine, cars, harvesting machinery, refined petroleum, trailers (2023)
note: top five export commodities based on value in dollars
Imports - commodities
crude petroleum, refined petroleum, cotton fabric, iron alloys, rice (2023)
note: top five import commodities based on value in dollars
Current account balance
note
note: balance of payments - net trade and primary/secondary income in current dollars
Current account balance 2022
-$90.251 million (2022 est.)
Current account balance 2023
-$120.064 million (2023 est.)
Current account balance 2024
-$74.374 million (2024 est.)
GDP (official exchange rate)
$2.508 billion (2024 est.)
note: data in current dollars at official exchange rate
GDP - composition, by end use
note
note: figures may not total 100% due to rounding or gaps in data collection
household consumption
83.2% (2024 est.)
government consumption
8.5% (2024 est.)
investment in inventories
0% (2024 est.)
investment in fixed capital
39% (2024 est.)
exports of goods and services
6.6% (2024 est.)
imports of goods and services
-37.2% (2024 est.)
Population below poverty line
53.4% (2020 est.)
note: % of population with income below national poverty line
Inflation rate (consumer prices)
note
note: annual % change based on consumer prices
Inflation rate (consumer prices) 2022
11.5% (2022 est.)
Inflation rate (consumer prices) 2023
17% (2023 est.)
Inflation rate (consumer prices) 2024
11.6% (2024 est.)
Industrial production growth rate
2.4% (2024 est.)
note: annual % change in industrial value added based on constant local currency
Real GDP (purchasing power parity)
note
note: data in 2021 dollars
Real GDP (purchasing power parity) 2022
$7.549 billion (2022 est.)
Real GDP (purchasing power parity) 2023
$7.911 billion (2023 est.)
Real GDP (purchasing power parity) 2024
$8.365 billion (2024 est.)
Youth unemployment rate (ages 15-24)
male
10.9% (2024 est.)
note
note: % of labor force ages 15-24 seeking employment
total
10.9% (2024 est.)
female
10.9% (2024 est.)
Reserves of foreign exchange and gold
note
note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Reserves of foreign exchange and gold 2021
$652.671 million (2021 est.)
Reserves of foreign exchange and gold 2022
$568.244 million (2022 est.)
Reserves of foreign exchange and gold 2023
$577.028 million (2023 est.)
GDP - composition, by sector of origin
note
note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data
industry
14.7% (2024 est.)
services
53.9% (2024 est.)
agriculture
24.1% (2024 est.)
Household income or consumption by percentage share
note
note: % share of income accruing to lowest and highest 10% of population
lowest 10%
2.6% (2020 est.)
highest 10%
30.5% (2020 est.)
Gini Index coefficient - distribution of family income
note
note: index (0-100) of income distribution; higher values represent greater inequality
Gini Index coefficient - distribution of family income 2020
38.8 (2020 est.)