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    Gambia, The Index 2005

    Gambia, The Main Index


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    Gambia, The Economy - 2005

    https://allcountries.org/wfb2005/gambia_the/gambia_the_economy.html
    SOURCE: 2005 CIA WORLD FACTBOOK

      Economy - overview:
      The Gambia has no significant 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 government's 1998 seizure of the private peanut firm Alimenta eliminated the largest purchaser of Gambian groundnuts; the following two marketing seasons saw substantially lower prices and sales. 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.

      GDP:
      purchasing power parity - $2.799 billion (2004 est.)

      GDP - real growth rate:
      6% (2004 est.)

      GDP - per capita:
      purchasing power parity - $1,800 (2004 est.)

      GDP - composition by sector:
      agriculture: 26.8%
      industry: 14.5%
      services: 58.7% (2004 est.)

      Labor force:
      400,000 (1996)

      Labor force - by occupation:
      agriculture 75%, industry, commerce, and services 19%, government 6%

      Unemployment rate:
      NA (2002 est.)

      Population below poverty line:
      NA

      Household income or consumption by percentage share:
      lowest 10%: NA
      highest 10%: NA

      Inflation rate (consumer prices):
      7% (2004 est.)

      Investment (gross fixed):
      25.3% of GDP (2004 est.)

      Budget:
      revenues: $44.85 million
      expenditures: $59.94 million, including capital expenditures of $4.1 million (2004 est.)

      Agriculture - products:
      rice, millet, sorghum, peanuts, corn, sesame, cassava (tapioca), palm kernels; cattle, sheep, goats

      Industries:
      processing peanuts, fish, and hides; tourism; beverages; agricultural machinery assembly, woodworking, metalworking; clothing

      Industrial production growth rate:
      NA

      Electricity - production:
      90.31 million kWh (2002)

      Electricity - consumption:
      83.99 million kWh (2002)

      Electricity - exports:
      0 kWh (2002)

      Electricity - imports:
      0 kWh (2002)

      Oil - production:
      0 bbl/day (2001 est.)

      Oil - consumption:
      1,900 bbl/day (2001 est.)

      Oil - exports:
      NA

      Oil - imports:
      NA

      Current account balance:
      $-16.4 million (2004 est.)

      Exports:
      $114.4 million f.o.b. (2004 est.)

      Exports - commodities:
      peanut products, fish, cotton lint, palm kernels, re-exports

      Exports - partners:
      Thailand 16.6%, UK 15.5%, France 14.2%, India 12.3%, Germany 9.2%, Italy 8.3%, Malaysia 4.1% (2004)

      Imports:
      $180.9 million f.o.b. (2004 est.)

      Imports - commodities:
      foodstuffs, manufactures, fuel, machinery and transport equipment

      Imports - partners:
      China 25.1%, Senegal 9.2%, UK 6.3%, Brazil 6%, Netherlands 4.9%, US 4.8% (2004)

      Reserves of foreign exchange and gold:
      $113.1 million (2004 est.)

      Debt - external:
      $476 million (2001 est.)

      Economic aid - recipient:
      $45.4 million (1995)

      Currency (code):
      dalasi (GMD)

      Exchange rates:
      dalasi per US dollar - 27.306 (2003), 27.306 (2003), 19.918 (2002), 15.687 (2001), 12.788 (2000)

      Fiscal year:
      calendar year


      NOTE: The information regarding Gambia, The on this page is re-published from the 2005 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Gambia, The Economy 2005 information contained here. All suggestions for corrections of any errors about Gambia, The Economy 2005 should be addressed to the CIA.

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    https://allcountries.org/wfb2005/gambia_the/gambia_the_economy.html
    Revised 16-Feb-06
    Copyright © 2021 Photius Coutsoukis (all rights reserved)