The Gambia Government has made significant reforms in the past few years in the fiscal, financial and economic areas which have resulted in broad macroeconomic stability, and provided the necessary investments required for growth and development in the country. The Gambian economy has enjoyed an average growth rate of 4.1% in the past six consecutive years. Despite the global economic challenges, the Gambia Government remains cautiously optimistic that growth will be maintained and the current macroeconomic stability will be sustained in the medium to long term.
Real Gross Domestic Product (GDP) was projected at 4.8 percent in 2013 compared to 5.9 percent in 2012. The annual GDP at constant prices in 2013 by sector was Agriculture (-1.8%), Industry (4.5%) and Services (8.1%) compared to 6.2%, 6.4% and 5.4% respectively (Source: Gambia Bureau of Statistics).
The real GDP growth is projected at 4.2% and 5.2% in 2015 and 2016 respectively.
FDI Stock and Inflows (2013): US$753.5mn stock / US$25.3mn inflows (source: UNCTAD)