imenta 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.

GDP (purchasing power parity):

$2.061 billion (2007 est.)

GDP (official exchange rate):

$653 million (2007 est.)

GDP - real growth rate:

7% (2007 est.)

GDP - per capita (PPP):

$1,200 (2007 est.)

GDP - composition by sector:

agriculture: 32.8%
industry: 8.7%
services: 58.5% (2007 est.)

Labor force:

400,000 (1996)

Labor force - by occupation:

agriculture: 75%
industry: 19%
services: 6% (1996)

Unemployment rate:

NA%

Population below poverty line:

NA%

Household income or consumption by percentage share:

lowest 10%: 1.8%
highest 10%: 37% (1998)

Distribution of family income - Gini index:

50.2 (1998)

Investment (gross fixed):

25.4% of GDP (2007 est.)

Budget:

revenues: $181.1 million
expenditures: $163.4 million (2007 est.)

Fiscal year:

calendar year

Inflation rate (consumer prices):

5.1% (2007 est.)

Central bank discount rate:

10% (31 December 2007)

Commercial bank prime lending rate:

27.92% (31 December 2007)

Stock of money:

$186.7 million (31 December 2007)

Stock of quasi money:

$180.4 million (31 December 2007)

Stock of domestic credit:

$169.9 million (31 December 2007)

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:

-2.3% (2007 est.)

Electricity - production:

200.2 million kWh (2007 est.)

Electricity - consumption:

143.6 million kWh (2006 est.)

Electricity - exports:

0 kWh (2007 est.)

Electricity - imports:

0 kWh (2007 est.)

Electricity - production by source:

fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (2001)

Oil - produ