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Country summary

Capital

Banjul

Borders

Senegal 740 km

Government type

republic

Population

1,778,081 (July 2010 est.)[1]

Population growth

2.589% (2010 est.)[1]

Life expectancy

53.81 years[1]

Unemployment

NA%[1]

Index of Economic Freedom

118[2]

Corruption Perceptions Index

106[3]

Doing Business ranking

140[4]


The Gambia gained its independence from the UK in 1965. Geographically surrounded by Senegal, it formed a short-lived federation of Senegambia between 1982 and 1989. In 1991 the two nations signed a friendship and cooperation treaty, but tensions have flared up intermittently since then. Yahya A. J. J. JAMMEH led a military coup in 1994 that overthrew the president and banned political activity. A new constitution and presidential elections in 1996, followed by parliamentary balloting in 1997, completed a nominal return to civilian rule. JAMMEH has been elected president in all subsequent elections including most recently in late 2006.[1]

Economical characteristics[]

  • Currency: Dalasi (ISO code: GMD)
  • Central bank discount rate: NA% (31 December 2008)[1]
  • Commercial banks lending rate: NA% (31 December 2008)[1]
  • Stock of money (M1): $192.9 million (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $176.2 million (31 December 2008)[1]


Statistics[]

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[5] 432 421 418 370 367 401 461 508 651 811
Govt. debt (% of GDP)[6]
Govt. revenue (% of GDP)[7]
Govt. expenses (% of GDP)[8]
Debt to revenue (years)

References[]

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Facebook. "Gambia", from The World Facebook. Referenced 2010-10-01.
  2. Heritage Foundation. "Gambia", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-01.
  3. Transparency International. "Gambia", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-10-01.
  4. Doing Business. "Gambia", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-01.
  5. World Bank. "Gambia: GDP", from World Bank Data. Referenced 2010-10-01.
  6. World Bank. "Gambia: government debt", from World Bank Data. Referenced 2010-10-01.
  7. World Bank. "Gambia: government revenue", from World Bank Data. Referenced 2010-10-01.
  8. World Bank. "Gambia: government expenses", from World Bank Data. Referenced 2010-10-01.

External links[]

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