Key Facts
- GDP (ppp) per CAPITA
- $2,000 (2006 est.)
- Inflation Rate
- 14% (2006 est.)
- Population
- 1,688,359 (July 2007 est.)
- Country Risk Ratings
- D
- Ease of Doing Business
- 131/178
- Global Competitiveness
- 102/131
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Gambia
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.
Capital City: Banjul (GMT)
Chief of State: President Yahya A. J. J. JAMMEH
Head of Govt.: President Yahya A. J. J. JAMMEH
Currency: Dalasi
Major Languages: English, Mandinka
Calling Code: 220
Voltage: 220V
Primary Religions: Muslim
Main Airports
Banjul (BJL) (Yundum International)
U.S. Embassy
Fajara on Kairaba Avenue
Tel: [220] 4392856
Statistics
- GDP: purchasing power parity:
- $3.024 billion (2005 est.)
- GDP - real growth rate:
- 5.5% (2005 est.)
- GDP - per capita: purchasing power parity:
- 1,900 (2005 est.)
- Inflation rate (consumer prices):
- 8.8% (2005 est.)
- Labor force:
- 400,000 (1996)
- Exports:
- $140.3 million f.o.b. (2005 est.)
- Exports - partners:
- India 34.9%, UK 18.1%, Indonesia 8.2%, Malaysia 6.1%,
Senegal 4.6%, Belgium 4.2% (2005)
- Imports:
- $197 million f.o.b. (2005 est.)
- Imports - partners:
- China 21%, Senegal 11.1%, Cote d'Ivoire 8.3%, Brazil 5.9%,
US 5.1%, UK 5% (2005)
- Population:
- 1,641,564 (July 2006 est.)
- Population growth rate:
- 2.84% (2006 est.)
- Population Below Poverty Line:
- NA%
- Major Industries:
- processing peanuts, fish, and hides; tourism, beverages,
agricultural machinery assembly, woodworking, metalworking,
clothing
- Employing Workers: 25*
- Registering Property: 130*
- Enforcing Contracts: 53*
- Closing a Business: 76*
- *2006 World Bank rank out of 175 countries
- Starting a Business
The table below shows the number of steps and the amount of
time needed to start a business, on average
| Indicator |
Gambia, The |
Region |
| Procedures (number) |
8 |
11.1 |
| Time (days) |
27 |
61.8 |
Gambia, The Risk Assessment
Country Rating
Rating: D
A high-risk
political and economic situation and an often very difficult
business environment can have a very significant impact on corporate
payment behaviour. Corporate default probability is very high.
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