The Gambia

Description of The Gambia

The Gambia, a small West African nation known for its vibrant culture and stunning biodiversity, holds a unique position at the crossroads of trade and history. With a rich history of diverse ethnic groups and a strategic geographic location along the Gambia River, this country offers a fascinating blend of tradition and modernity. As we delve into the economic landscape and geopolitical dynamics of The Gambia, we aim to provide valuable insights into its development trajectory and its significance on the global stage.

Population And Age Structure

Population, total: The Gambia has a population of 2,573,995 which is significantly below the average population of 40,097,746. The country ranks 140th out of 194 countries in total population.

Population ages 0-14 (% of total population): The Gambia has a percentage of 43.93 for population ages 0-14, which is above the average of 27.34. The country ranks 12th out of 194 countries in this category.

Population ages 0-14, total: The total population of ages 0-14 in The Gambia is 1,130,638, below the average of 10,327,379. The country ranks 118th out of 194 countries in this age group.

Population ages 15-64 (% of total population): The Gambia has a percentage of 53.62 for population ages 15-64, below the average of 63.44. The country ranks 178th out of 194 countries in this demographic.

Population ages 15-64, total: The total population of ages 15-64 in The Gambia is 1,380,166, which is significantly below the average of 26,003,407. The country ranks 143rd out of 194 countries in this age group.

Population ages 65 and above (% of total population): The Gambia has a percentage of 2.45 for population ages 65 and above, much lower than the average of 9.22. The country ranks 184th out of 194 countries in this category.

Population ages 65 and above, total: The total population of ages 65 and above in The Gambia is 63,192, well below the average of 3,766,959. The country ranks 153rd out of 194 countries in this age group.

Summary

The Gambia has a relatively small total population compared to the global average, with a higher percentage of children aged 0-14 and a lower percentage of individuals aged 15-64 and 65 and above. These demographic indicators are crucial as they help policymakers understand the country's age distribution, which can impact social services, healthcare needs, labor force dynamics, and overall development priorities.

Population Miscellaneous

Analysis of key statistics for The Gambia:

Summary

In summary, The Gambia has a predominantly rural population with a high dependency ratio and above-average fertility rate. The country also experiences a higher crude birth rate but a relatively lower crude death rate compared to global averages.

These statistics are crucial as they indicate demographic patterns that can influence the country's social welfare programs, healthcare services, and economic development strategies. The high fertility rate and dependency ratio may pose challenges to sustainable development, while the rural-urban population divide underscores the need for targeted infrastructure and resource allocation.

Military

1. Military expenditure (current USD): The Gambia's military expenditure is $14,805,015.93, significantly below the average of $12,904,993,617.17. The Gambia ranks 146th out of 149 countries in this dataset.

2. Military expenditure (% of GDP): The Gambia's military expenditure as a percentage of GDP is 0.81%, lower than the average of 1.90%. The country is ranked 125th out of 148 countries for this metric.

3. Armed forces personnel, total: The Gambia has 4000 armed forces personnel, much lower than the average of 165,908.54. The country ranks 148th out of 164 countries in this category.

4. Armed forces personnel (% of total labor force): The Gambia's armed forces personnel as a percentage of the total labor force is 0.46%, below the average of 1.28%. The country holds the 118th rank out of 164 countries for this measure.

Summary

The Gambia has relatively low military expenditure, with a figure well below the global average in both absolute terms and as a percentage of GDP. The country also has a small number of armed forces personnel compared to the average, both in absolute numbers and as a percentage of the total labor force. These indicators are important as they reflect The Gambia's prioritization of military spending compared to other countries, its level of military preparedness, and the size of its military in relation to its labor force.

Natural Resources

Analysis of Key Statistics for The Gambia:

1. Forest Area (sq. km): The Gambia's forest area of 2426.7 sq. km is below the average of 211606.11 sq. km, ranking 150 out of 191 countries.

2. Land Area (sq. km): With a land area of 10120 sq. km, The Gambia's value is significantly below the average of 665166.51 sq. km, ranking 160 out of 194 countries.

3. Surface Area (sq. km): The Gambia's surface area of 11300 sq. km is also notably lower than the average of 689779.56 sq. km, ranking 159 out of 194 countries.

4. Arable Land (hectares): The Gambia's 440000 hectares of arable land is below the average of 7329543.16 hectares, ranking 128 out of 190 countries.

5. Land Under Cereal Production (hectares): The Gambia's 162046 hectares under cereal production is notably lower than the average of 4206011.63 hectares, ranking 125 out of 174 countries.

6. Average Precipitation in Depth (mm per year): The Gambia receives 836 mm of average precipitation, slightly lower than the average of 1157.83 mm, ranking 101 out of 178 countries.

7. Renewable Internal Freshwater Resources, Total (billion cubic meters): The Gambia's 3 billion cubic meters of renewable internal freshwater resources is significantly below the average of 240.41 billion cubic meters, ranking 143 out of 178 countries.

Summary

The Gambia exhibits lower-than-average values in key macroeconomic indicators such as forest area, land area, arable land, land under cereal production, average precipitation, and renewable internal freshwater resources. These statistics reveal The Gambia's limited natural resources and agricultural potential compared to global averages, which may impact its environmental sustainability, food security, and economic development in the long run.

Resource Rents

1. Total natural resources rents (% of GDP): The Gambia's value for this attribute is 3.03%, which is below the average of 4.63%. The Gambia ranks 68th out of 175 countries in this dataset.

2. Forest rents (% of GDP): The Gambia's value for this attribute is 3.03%, which is above the average of 1.53%. The Gambia ranks 28th out of 174 countries in this dataset.

Summary

The Gambia's total natural resources rents account for 3.03% of its GDP, below the global average of 4.63%, positioning the country at 68th place out of 175 nations. In contrast, The Gambia's forest rents contribute 3.03% of its GDP, surpassing the global average of 1.53% and ranking the country 28th out of 174 countries. These indicators are crucial as they reflect The Gambia's economic dependence on natural resources and highlight the significance of its forest sector in contributing to the national GDP.

Commodities

The Cereal production in The Gambia is significantly lower than the average production of 17,249,945 metric tons, with The Gambia ranking 143 out of 174 countries in this dataset.

Aquaculture production in The Gambia is also notably below the average of 679,642 metric tons, as The Gambia ranks 156 out of 180 countries in this dataset.

The Capture fisheries production in The Gambia is lower than the average production of 467,453 metric tons, with The Gambia ranking 98 out of 190 countries.

Total fisheries production in The Gambia is significantly below the average of 1,153,914 metric tons, with The Gambia ranking 100 out of 182 countries in this dataset.

Fertilizer consumption in The Gambia, at 0.78 kilograms per hectare of arable land, is much lower than the average consumption of 159.04 kilograms per hectare of arable land, placing The Gambia at a low rank of 179 out of 187 countries.

Summary

The Gambia is facing significant challenges in agricultural and fisheries production, as well as fertilizer consumption when compared to global averages. With low rankings in cereal, aquaculture, capture fisheries, and total fisheries production, as well as extremely low fertilizer consumption per hectare of arable land, The Gambia is trailing behind many other countries in these key macroeconomic indicators. These findings are important as they highlight the need for targeted interventions and investment in the agricultural and fisheries sectors to improve productivity, food security, and economic development in The Gambia.

Intellectual Property

1. The Gambia has 1 Industrial design application by nonresidents, significantly below the average of 1415.83. The country ranks 110 out of 112 countries in this attribute.

2. In terms of Patent applications by nonresidents, The Gambia has 66 applications, much lower than the average of 6538.40. The country ranks 77 out of 129 countries in this attribute.

3. For Trademark applications by nonresidents, The Gambia has 1952 applications, below the average of 15878.93. The country ranks 104 out of 130 countries in this attribute.

4. The Gambia shows 156 Trademark applications by residents, considerably lower than the average of 111055.78. The country ranks 116 out of 129 countries in this attribute.

5. The Gambia has 58.19 Scientific and technical journal articles, which is also below the average of 15103.76. The country ranks 144 out of 192 countries in this attribute.

Summary

The Gambia lags behind global averages in key macroeconomic indicators related to industrial design applications, patent applications, trademark applications, and scientific and technical journal articles. These statistics indicate a relatively lower level of innovation and intellectual property activity in the country compared to its peers. This could suggest a need for policies to encourage and support research, development, and innovation to enhance competitiveness and economic growth.

Broad Economy Attributes

The Gambia's GDP (current US$) stands at 1,812,170,891.19, which is significantly below the average GDP of 442,870,224,838.68. The country ranks 169th out of 189 countries in the dataset.

The GDP, PPP (current international $) for The Gambia is 5,552,197,389.24, also notably lower than the average GDP of 734,141,122,350.78. The Gambia holds the 155th position out of 181 countries.

In terms of GDP per capita (current US$), The Gambia's value is 704.03, well below the average of 15,462.11. The country ranks 175th out of 190 nations.

For GDP per capita, PPP (current international $), The Gambia's figure of 2,157.04 is significantly lower than the average of 21,251.89. The country ranks 166th out of 181 countries.

Turning to GNI (current US$), The Gambia reports 1,785,259,979.97, far from the average GNI of 452,040,815,370.70, placing the country 165th out of 185 nations.

Similarly, The Gambia's GNI, PPP (current international $) of 5,469,746,726.48 is notably under the average of 730,698,223,823.47. The country holds the 157th position out of 181 countries.

Lastly, in GNI per capita, PPP (current international $), The Gambia records a value of 2,130, significantly lower than the average of 20,615.75. The Gambia ranks 166th out of 181 countries in this category.

Summary

The Gambia's key macroeconomic indicators, such as GDP, GDP per capita, and GNI, are significantly below the global averages, with the country consistently ranking in the lower percentiles among nations worldwide. These statistics are crucial as they highlight The Gambia's current economic standing and underscore the pressing need for targeted economic development strategies and external assistance to improve the country's economic performance and well-being of its citizens.

Broad Value Added

The Gross Value Added at Basic Prices (GVA) in The Gambia is $1.67 billion, significantly below the average of $360.07 billion, ranking 159th out of 176 countries.

Agriculture, forestry, and fishing value added as a percentage of GDP in The Gambia is 21.24%, higher than the average of 10.86%, ranking 32nd out of 182 countries.

The value added from Agriculture, forestry, and fishing in The Gambia is $384.98 million, well below the average of $19.92 billion, ranking 147th out of 182 countries.

Services value added as a percentage of GDP in The Gambia is 53.95%, slightly lower than the average of 56.72%, ranking 106th out of 183 countries.

The value added from Services in The Gambia is $977.73 million, significantly below the average of $295.84 billion, ranking 167th out of 183 countries.

The value added from Industry (including construction) in The Gambia is $305.42 million, significantly below the average of $118.42 billion, ranking 165th out of 183 countries.

Summary

The Gambia has a lower Gross Value Added at Basic Prices compared to the global average, ranking 159th out of 176 countries. However, the country excels in Agriculture, forestry, and fishing, contributing 21.24% to its GDP, ranking 32nd globally. This focus on agriculture is reflected in its low value added from Services and Industry, underscoring the country's heavy reliance on the agricultural sector for economic activity. These findings highlight The Gambia's economic structure, emphasizing the importance of diversification efforts to reduce vulnerability to fluctuations in the agricultural sector and boost overall economic resilience.

Manufacturing Value Added

1. Manufacturing, value added (current US$): The Gambia's value of $47,358,980.27 is significantly below the average of $76,207,179,589.66. With a rank of 161 out of 173 countries, The Gambia lags behind most nations in manufacturing value added in current US dollars.

2. Manufacturing, value added (% of GDP): At 2.61%, The Gambia's manufacturing value added as a percentage of GDP is well below the average of 11.90%. The country ranks 166 out of 173 countries, indicating a relatively small contribution of manufacturing to its GDP compared to other nations.

3. Medium and high-tech manufacturing value added (% manufacturing value added): The Gambia's value of 3.90% falls far short of the average of 24.49%. This places The Gambia at a rank of 135 out of 149 countries, highlighting its limited contribution to medium and high-tech manufacturing compared to a majority of the countries included in the dataset.

Summary

The Gambia's manufacturing sector is significantly underdeveloped compared to the global average and lags behind most countries in manufacturing value added both in terms of current US dollars and as a percentage of GDP. Particularly concerning is the country's low contribution to medium and high-tech manufacturing, ranking far below the average. These indicators are crucial as they reflect The Gambia's limited industrial diversification, posing challenges for sustainable economic growth and global competitiveness in the long term.

Money

Inflation, consumer prices in The Gambia are relatively low at 5.93%, below the average of 8.26%. The Gambia ranks 27th out of 165 countries in this statistic.

The country's Inflation, GDP deflator stands at 2.19%, significantly lower than the average of 6.90%. The Gambia ranks 88th out of 188 countries for this metric.

The Broad money growth rate of 22.51% in The Gambia exceeds the average of 18.03%. The country holds the 20th rank out of 139 countries in this category.

The Broad money as a percentage of GDP is 52.94% in The Gambia, below the average of 71.75%. The country ranks 88th out of 139 nations in this aspect.

With a Broad money to total reserves ratio of 2.48, The Gambia falls below the average of 5.17. The country holds the 76th position out of 126 countries for this metric.

Summary

The Gambia showcases relatively low inflation rates compared to global averages, positioning it favorably in the global market. Although the country's GDP deflator is lower than average, its Broad money growth rate exceeds global trends, indicating a robust financial market. However, The Gambia's Broad money as a percentage of GDP and Broad money to total reserves ratio fall below international averages, suggesting potential areas for improvement in financial stability and economic growth.

These indicators are crucial as they reflect The Gambia's economic health and competitiveness on the global stage. Low inflation rates and a high Broad money growth rate signify stability and potential for economic expansion. However, lower ratios of Broad money to GDP and total reserves could indicate vulnerabilities in the financial sector that may need addressing to ensure sustainable economic development.

Consumption Expenditure

Final consumption expenditure (current US$): The Gambia's value of 1.84 billion US$ is significantly below the attribute average of 381.63 billion US$. The country ranks 147 out of 159 countries in this dataset.

Final consumption expenditure (% of GDP): The Gambia's value of 101.69% is above the attribute average of 82.37%. The country ranks 16 out of 159 countries in this dataset.

General government final consumption expenditure (current US$): The Gambia's value of 162.95 million US$ is well below the attribute average of 93.68 billion US$. The country ranks 153 out of 158 countries in this dataset.

General government final consumption expenditure (% of GDP): The Gambia's value of 8.99% is below the attribute average of 18.71%. The country ranks 146 out of 158 countries in this dataset.

Household and NPISHs Final consumption expenditure (current US$): The Gambia's value of 1.68 billion US$ is significantly lower than the attribute average of 290.13 billion US$. The country ranks 142 out of 158 countries in this dataset.

Households and NPISHs final consumption expenditure (% of GDP): The Gambia's value of 92.70% is above the attribute average of 63.68%. The country ranks 7 out of 158 countries in this dataset.

Summary

The Gambia exhibits a pattern of significantly lower final consumption expenditures compared to the attribute averages across various categories such as total, government, and household expenditure. Despite ranking relatively lower in total final consumption and general government final consumption, the country ranks higher in household and NPISHs final consumption. These indicators are crucial as they reflect the country's economic activity, government spending priorities, and the overall consumption behavior of its population, providing insights into its economic development and potential areas for improvement.

Investment

Foreign direct investment, net (BoP, current US$): The Gambia's value is -193,060,000 which is above the attribute average of -1,615,235,980.50. The Gambia ranks 77 out of 169 countries in this data set.

Foreign direct investment, net inflows (BoP, current US$): The Gambia's value of 189,576,190.79 is below the attribute average of 5,749,271,080.15. The Gambia ranks 114 out of 182 countries in this data set.

Foreign direct investment, net inflows (% of GDP): The Gambia's value of 10.46% is significantly higher than the attribute average of 2.61%. The Gambia ranks 17 out of 178 countries in this data set.

Foreign direct investment, net outflows (BoP, current US$): The Gambia's value is -3,483,809.21, below the attribute average of 5,707,991,116.07. The Gambia ranks 121 out of 156 countries in this data set.

Foreign direct investment, net outflows (% of GDP): The Gambia's value of -0.19% is below the attribute average of 1.00%. The Gambia ranks 126 out of 155 countries in this data set.

Summary

The Gambia exhibits a mixed picture in terms of foreign direct investment (FDI) indicators. While the country ranks relatively better in terms of FDI net inflows (% of GDP), showing a significant FDI commitment compared to the attribute average, it lags behind in FDI net outflows (BoP, current US$), with outflows below the average. Maintaining a balance between attracting FDI inflows and managing outflows is crucial for The Gambia's economic development and sustainability.

Debt

- The Total debt service (% of GNI) for The Gambia is 2.09%, which is below the average of 5.98%. The country ranks 88 out of 120 countries in this attribute.

- The Public and publicly guaranteed debt service (% of GNI) in The Gambia is 1.70%, below the average of 2.84%. The country holds the 69th rank out of 120 countries.

- The External debt stocks (% of GNI) for The Gambia stand at 52.03%, below the average of 65.42%. The country is ranked 64 out of 120 countries.

- The Debt service on external debt, total (TDS, current US$) for The Gambia is $37,325,257.9, significantly below the average of $9,811,195,839.23. The country holds the 109th rank out of 123 countries.

- The Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) is $30,424,408.7 for The Gambia, also notably below the average of $3,310,612,057.60. The country ranks 108 out of 123 countries.

- The External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) in The Gambia amount to $796,609,012.90, significantly lower than the average of $28,695,879,144.98. The country is ranked 107 out of 123 countries.

- The External debt stocks, total (DOD, current US$) for The Gambia stand at $928,863,762.50, notably below the average of $73,845,530,111.82. The country holds the 109th rank out of 123 countries.

Summary

The Gambia demonstrates strong fiscal discipline and responsibility in its handling of debt, with lower debt service ratios and external debt levels than the global averages. While ranking lower in terms of absolute debt service figures, this indicates that The Gambia is managing its debt burden efficiently relative to its economic size and resources. These indicators are crucial as they reflect the country's ability to meet its financial obligations without jeopardizing its economic stability and growth prospects.

Broad Trade Attributes

Trade (% of GDP): The Gambia's trade value as a percentage of GDP is 47.50%, which is below the average of 82.34%. The country ranks 122 out of 163 countries in this dataset.

Merchandise trade (% of GDP): The Gambia's merchandise trade value as a percentage of GDP is 35.48%, below the average of 60.01%. The country ranks 152 out of 186 countries in this dataset.

Trade in services (% of GDP): The Gambia's trade in services as a percentage of GDP is 11.85%, below the average of 24.63%. The country ranks 107 out of 171 countries in this dataset.

External balance on goods and services (current US$): The Gambia's external balance on goods and services is -512,061,164.63 USD, which is below the average of 3,405,509,011.13 USD. The country ranks 93 out of 163 countries in this dataset.

External balance on goods and services (% of GDP): The Gambia's external balance on goods and services as a percentage of GDP is -28.26%, below the average of -5.97%. The country ranks 152 out of 163 countries in this dataset.

Summary

The Gambia displays a significant trade deficit with a trade value below the global average across all categories: total trade, merchandise trade, and trade in services. This deficit is also reflected in the negative external balance on goods and services, which is well below the global average. These indicators suggest a heavy reliance on imports and weak export competitiveness, highlighting challenges in achieving trade balance and economic stability.

Net Trade

1. Current account balance (BoP, current US$): The Gambia's current account balance is -86553241.10, significantly below the average of 1443864831.49. This places The Gambia at rank 76 out of 170 countries in this category.

2. Current account balance (% of GDP): The Gambia's current account balance as a percentage of GDP is -4.78%, which is below the average of -2.36%. The Gambia ranks 118 out of 170 countries in this aspect.

3. Net trade in goods and services (BoP, current US$): In this category, The Gambia's net trade is -515297713.07, considerably lower than the average of 2604730003.57. The Gambia holds the 94th position out of 171 countries.

4. Net primary income (BoP, current US$): The Gambia's net primary income stands at -26243950.75, above the average of -903807529.74. This places The Gambia at rank 51 out of 170 countries.

5. Net secondary income (BoP, current US$): The Gambia's net secondary income is 454988422.73, which is higher than the average of -269227340.40. The Gambia ranks 81 out of 170 countries in this attribute.

6. Net trade in goods (BoP, current US$): The Gambia's net trade in goods is -511759816.44, below the average of 1302831005.68. The Gambia is ranked 92 out of 171 countries in this aspect.

7. Net capital account (BoP, current US$): The Gambia's net capital account is 95156380.85, slightly below the average of 136543824.05. The Gambia holds the 69th position out of 159 countries in this category.

8. Net financial account (BoP, current US$): For the net financial account, The Gambia's value is -91191510.90, above the average of -469840994.63. The Gambia ranks 80 out of 170 countries in this attribute.

Summary

The Gambia exhibits a negative current account balance across different indicators such as trade in goods and services, primary income, and secondary income, placing it below the global average in most categories. Despite ranking relatively lower in these macroeconomic indicators, The Gambia's net capital account shows potential for investment and financial inflows. These statistics are crucial as they highlight The Gambia's trade imbalances, income disparities, and its attractiveness for foreign investments and financial activities.

Broad Export Attributes

1. The Gambia's exports of goods, services and primary income amount to $183,404,526.28, ranking 162 out of 170 countries in the dataset. This is significantly below the attribute average of $146,238,908,936.30.

2. The country's exports of goods and services (BoP, current US$) stand at $175,681,761.02, placing it at 161 out of 170 countries. The value is notably lower than the attribute average of $122,938,540,059.78.

3. The Gambia's goods exports (BoP, current US$) amount to $70,055,726.84, with a rank of 159 out of 171 countries. This is below the attribute average of $93,310,581,697.39.

4. In terms of exports of goods and services (% of GDP), The Gambia's value is 9.62%, with a rank of 155 out of 163 countries. This is well below the attribute average of 38.19%.

5. The country's exports of goods and services (current US$) amount to $174,363,311.78, ranking 155 out of 163 countries. This value is below the attribute average of $129,596,864,610.19.

6. The Gambia's international tourism receipts constitute 30.17% of its total exports, ranking it 10 out of 120 countries. This value is significantly higher than the attribute average of 9.74%.

7. The percentage of ICT goods exports compared to total goods exports is 0.18% for The Gambia, with a rank of 98 out of 142 countries. This is notably below the attribute average of 3.81%.

Summary

The Gambia's macroeconomic indicators show that the country is facing challenges in terms of export performance. Its exports of goods, services, and primary income are significantly below the global average, as are its goods exports and exports as a percentage of GDP. However, the country excels in international tourism receipts, where it ranks higher than average. These statistics are crucial as they highlight The Gambia's heavy reliance on tourism and the need to diversify its export base to boost economic growth and resilience.

Merchandise Exports

Analysis of key statistics for The Gambia:

1. Merchandise exports (current US$): The Gambia's value is $61,000,000, significantly below the average of $89,542,711,229.95. The country ranks 172 out of 187 countries in this attribute data.

2. Agricultural raw materials exports (% of merchandise exports): The Gambia's value is 0.52%, lower than the average of 2.97%. The country ranks 108 out of 151 countries in this attribute data.

3. Food exports (% of merchandise exports): The Gambia's value is 88.32%, much higher than the average of 24.06%. The country ranks 3 out of 152 countries in this attribute data.

4. Ores and metals exports (% of merchandise exports): The Gambia's value is 7.46%, below the average of 9.10%. The country ranks 38 out of 152 countries in this attribute data.

5. Merchandise exports by the reporting economy, residual (% of total merchandise exports): The Gambia's value is 0.00007%, significantly lower than the average of 3.20%. The country ranks 156 out of 166 countries in this attribute data.

Summary

The Gambia has a relatively low value in merchandise exports at $61,000,000, ranking 172 out of 187 countries. However, the country excels in food exports, constituting 88.32% of merchandise exports and ranking 3rd globally. This indicates a heavy reliance on food exports as a key economic driver. The lower values in other export categories highlight potential areas for diversification and growth in the Gambian economy to reduce dependence on specific sectors and enhance overall economic resilience.

Technology Exports

Manufactures exports (% of merchandise exports): The Gambia's value for this attribute is 3.69%, which is below the average of 42.62%. The Gambia ranks 144th out of 152 countries in this dataset.

High-technology exports (current US$): The Gambia's value in this attribute is $1274, significantly below the average of $16,655,934,078.80. The Gambia ranks 151st out of 151 countries included in the data.

High-technology exports (% of manufactured exports): The Gambia's value is 0.89%, much lower than the average of 10.15%. The Gambia ranks 133rd out of 150 countries in this attribute.

Medium and high-tech exports (% manufactured exports): The Gambia's value is 3.87%, which is below the average of 34.29%. The country ranks 137th out of 149 countries in the dataset for this attribute.

Summary

The Gambia's macroeconomic indicators paint a picture of a nation with limited integration into global markets and technological advancement. It lags behind in manufactures exports, high-technology exports, and medium to high-tech exports, ranking poorly compared to other countries in these categories. These indicators are important as they highlight The Gambia's current challenges in diversifying its economy, improving competitiveness, and keeping pace with global technological advancements, which are essential for long-term sustainable growth and development.

Service Exports

1. Service exports (BoP, current US$): The Gambia's value is significantly below the attribute average, ranking 152 out of 171 countries. This suggests a lower level of international service trade.

2. ICT service exports (BoP, current US$): The Gambia's value is notably below the attribute average, ranking 137 out of 166 countries. This indicates a limited contribution of the ICT sector to the country's service exports.

3. ICT service exports (% of service exports, BoP): The Gambia's value is below the attribute average, ranking 69 out of 166 countries. This signifies a relatively small share of ICT services in the country's total service exports.

4. Communications, computer, etc. (% of service exports, BoP): The Gambia's value is considerably below the attribute average, ranking 145 out of 169 countries. This reflects a lower proportion of communication and computer services in the country's service exports.

5. Transport services (% of service exports, BoP): The Gambia's value is above the attribute average, ranking 29 out of 169 countries. This suggests that transport services play a relatively significant role in the country's service exports.

6. Travel services (% of service exports, BoP): The Gambia's value is significantly above the attribute average, ranking 35 out of 167 countries. This highlights a higher reliance on travel services compared to the average.

7. Insurance and financial services (% of service exports, BoP): The Gambia's value is well below the attribute average, ranking 152 out of 161 countries. This indicates a limited contribution of insurance and financial services to the country's service exports.

Summary

The Gambia performs below the attribute average in various key macroeconomic indicators related to service exports, such as ICT service exports, ICT service exports as a percentage of total service exports, communications and computer services within service exports, and insurance and financial services within service exports. However, the country excels in transport services and travel services, with both sectors showcasing strengths above the attribute average. These findings are crucial as they indicate The Gambia's economic reliance on specific service sectors, highlighting areas of competitiveness and potential vulnerability in the global market.

Commercial Service Exports

1. Commercial service exports (current US$): The Gambia's commercial service exports amount to $105,626,034.18, significantly below the average of $28,508,218,402.80. The country ranks 152 out of 171 countries in this attribute data.

2. Travel services (% of commercial service exports): The Gambia's travel services account for 44.11% of its commercial service exports, exceeding the average of 27.89%. The country holds the 38th rank out of 167 countries in this category.

3. Computer, communications, and other services (% of commercial service exports): The Gambia's percentage in this category is 18.80%, lower than the average of 42.44%. The country ranks 128th out of 169 countries in this attribute.

4. Insurance and financial services (% of commercial service exports): The Gambia's contribution in this area is 0.36%, well below the average of 6.97%. The country shares the 152nd rank out of 161 countries in this dataset.

5. Transport services (% of commercial service exports): The Gambia's transport services represent 36.74% of its commercial service exports, surpassing the average of 23.37%. In this aspect, the country holds the 37th rank out of 169 countries.

Summary

The Gambia's macroeconomic indicators reveal a unique composition of commercial service exports, with a significant reliance on travel services and transport services compared to other countries. While the country excels in travel services and transport, its contributions to computer, communications, and other services as well as insurance and financial services are below global averages. These findings are crucial as they highlight The Gambia's strengths and weaknesses in different service sectors, indicating areas for potential growth and diversification in its economy.

Broad Import Attributes

Imports of goods and services (current US$): The Gambia's value of $686,424,476.41 is significantly below the average of $126,191,355,599.06. The country ranks 151 out of 163 countries in this attribute.

Imports of goods and services (% of GDP): The Gambia's value of 37.88% is below the average of 44.15%. The country ranks 79 out of 163 countries in this attribute.

International tourism, expenditures (% of total imports): The Gambia's value of 0.75% is substantially lower than the average of 3.98%. The country ranks 124 out of 131 countries in this attribute.

ICT goods imports (% total goods imports): The Gambia's value is 1.23%, well below the average of 6.85%. The country ranks 141 out of 143 countries in this attribute.

Goods imports (BoP, current US$): The Gambia's value of $581,815,543.28 is significantly lower than the average of $92,007,788,027.17. The country ranks 156 out of 171 countries in this attribute.

Imports of goods and services (BoP, current US$): The Gambia's value of $690,979,474.09 is notably lower than the average of $120,321,577,988.12. The country ranks 156 out of 170 countries in this attribute.

Imports of goods, services and primary income (BoP, current US$): The Gambia's value of $724,946,190.10 is way below the average of $144,514,428,722.28. The country ranks 157 out of 170 countries in this attribute.

Summary

The Gambia's key macroeconomic indicators for imports of goods and services paint a picture of a country with significantly lower import values compared to global averages. The country ranks consistently low in these attributes, indicating a smaller role in international trade and potentially limited economic diversification. These indicators are crucial as they highlight The Gambia's level of integration in the global economy, its economic dependencies, and its potential for growth and development through increased trade and investment.

Merchandise Imports

Merchandise imports (current US$): The Gambia has a merchandise import value of 582 million USD, significantly below the average of approximately 89.39 billion USD. The country ranks 171 out of 190 countries in this attribute.

Manufactures imports (% of merchandise imports): The Gambia's manufactures imports account for 54.94% of its merchandise imports, lower than the average of 66.76%. The country holds the 135th position out of 152 countries.

Agricultural raw materials imports (% of merchandise imports): The Gambia's import of agricultural raw materials is 0.49% of its merchandise imports, which is less than the average of 1.27%. The country ranks 134th out of 152 countries in this aspect.

Food imports (% of merchandise imports): The Gambia's food imports contribute to 28.81% of its merchandise imports, higher than the average of 15.89%. The country ranks 12th out of 152 countries, indicating a significant focus on food imports.

Fuel imports (% of merchandise imports): The Gambia's fuel imports represent 14.16% of its merchandise imports, surpassing the average of 11.38%. The country holds the 42nd position out of 152 countries in fuel imports.

Ores and metals imports (% of merchandise imports): The Gambia's ores and metals imports constitute 1.60% of its merchandise imports, below the average of 2.57%. The country ranks 80th out of 152 countries in this category.

Merchandise imports by the reporting economy, residual (% of total merchandise imports): The Gambia's residual merchandise imports stand at 0.09% of the total merchandise imports, significantly lower than the average of 2.51%. The country holds the 131st position out of 180 countries in this attribute.

Summary

The Gambia demonstrates a pattern of below-average merchandise imports across various categories including manufactures, agricultural raw materials, ores and metals, and residual imports. However, the country shows a higher focus on food and fuel imports compared to the global average. These findings are crucial as they highlight The Gambia's reliance on food and fuel imports, potentially indicating vulnerabilities in domestic production and resource availability.

Service Imports

1. Service imports (BoP, current US$): The Gambia's value for service imports is significantly below the average, ranking 163rd out of 171 countries in the dataset.

2. Communications, computer, etc. (% of service imports, BoP): The Gambia's percentage for this attribute is far below the average, placing it at 169th out of 169 countries.

3. Transport services (% of service imports, BoP): The Gambia's proportion of transport services in its service imports is above average, ranking 4th out of 169 countries.

4. Travel services (% of service imports, BoP): The Gambia's value for travel services is below the average, positioning it at 150th out of 169 countries.

5. Insurance and financial services (% of service imports, BoP): The Gambia surpasses the average for this attribute, ranking 34th out of 169 countries.

Summary

The Gambia has a notable disparity in its service imports compared to other countries, with significant variations across different service categories. While excelling in transport services with a top 4 ranking, the country falls behind in communications, travel services, and overall service import value. The strength in insurance and financial services highlights a sector of relative competitiveness. These indicators are crucial as they reflect The Gambia's reliance on specific services, its international connectivity, and potential areas for further growth and investment.

Commercial Service Imports

Commercial service imports in The Gambia amount to $109,163,930.81, which is significantly below the average of $27,102,746,128.60. The Gambia is ranked 163 out of 171 countries in this attribute.

Computer, communications, and other services contribute 3.61% to The Gambia's commercial service imports, well below the average of 41.71%. The country is ranked 167 out of 169 countries in this category.

The Gambia heavily relies on insurance and financial services, representing 12.31% of its commercial service imports, surpassing the average of 8.85%. The country ranks 37 out of 169 nations in this aspect.

Transport services constitute a significant portion (80.87%) of The Gambia's commercial service imports, far exceeding the average of 34.71%. The country holds the 6th rank out of 169 countries in this area.

Travel services contribute a small percentage (3.21%) to The Gambia's commercial service imports, below the average of 14.73%. The country's ranking in this attribute is 151 out of 169 countries.

Summary

The Gambia stands out for its heavy reliance on transport services, which make up a significant portion of its commercial service imports, far exceeding the global average. This has positioned the country favorably, ranking 6th out of 169 nations in this category. However, the country lags behind in computer, communication, and other services as well as travel services imports, indicating potential areas for growth and diversification to align with global norms and improve its overall trade competitiveness.

Information Technology Infrastructure

1. Secure Internet servers: The Gambia has 70 secure internet servers, which is significantly below the average of 458,294. The country ranks 166 out of 193 countries in this aspect.

2. Secure Internet servers (per 1 million people): With 27.2 secure internet servers per 1 million people, The Gambia falls far below the average of 14,067. The country ranks 162 out of 193 countries in this category.

3. Individuals using the Internet (% of population): The Gambia has 31.6% of its population using the internet, well below the average of 64.8%. The country ranks 150 out of 180 countries.

4. Fixed broadband subscriptions: With 5000 fixed broadband subscriptions, The Gambia is far below the average of 6,591,956. The country ranks 171 out of 185 countries.

5. Mobile cellular subscriptions: The Gambia has 2,677,954 mobile cellular subscriptions, significantly lower than the average of 42,526,464. The country ranks 137 out of 193 countries.

Summary

The Gambia lags behind global averages in key internet and communication technology indicators, such as secure internet servers, internet usage, fixed broadband subscriptions, and mobile cellular subscriptions. These low figures indicate a digital divide and limited access to modern communication technologies, which are vital for economic development, education, and social connectivity in today's interconnected world.

Energy Consumption

1. The Gambia's renewable energy consumption accounts for 49.74% of its total final energy consumption, which is 17.56 percentage points higher than the global average of 32.18%. This places The Gambia at the 50th rank out of 191 countries in the dataset for this attribute.

2. In terms of CO2 emissions, The Gambia produced 611.4 kt, significantly lower than the average of 171,895.94 kt. This places The Gambia at the 165th rank out of 188 countries, indicating its relatively low carbon footprint compared to the dataset's average.

Summary

The Gambia stands out for its high proportion of renewable energy consumption compared to the global average, indicating a strong commitment to sustainable energy sources. Additionally, the country's significantly lower CO2 emissions highlight its environmentally conscious approach, positioning it as a leader in reducing carbon footprint among the countries surveyed. These indicators are crucial as they showcase The Gambia's contribution to global efforts in combating climate change and transitioning towards a greener economy.

Government Balance Sheet

1. Total reserves (% of total external debt): The Gambia's value is 41.67%, which is below the attribute average of 66.13%. The country ranks 46th out of 102 countries in this attribute data.

2. Reserves and related items (BoP, current US$): The Gambia's value is -7535410.78 current US$, significantly below the attribute average of 1924407186.58 current US$. The country ranks 100th out of 171 countries in this attribute data.

3. Total reserves minus gold (current US$): The Gambia's value is 387046403.56 current US$, much lower than the attribute average of 74221588171.61 current US$. The country ranks 147th out of 161 countries in this attribute data.

4. Total reserves (includes gold, current US$): The Gambia's value is 387046403.56 current US$, which is far below the attribute average of 85708019773.47 current US$. The country also ranks 147th out of 161 countries in this attribute data.

5. Total reserves in months of imports: The Gambia's value is 6.41 months, slightly below the attribute average of 7.10 months. The country ranks 65th out of 151 countries in this attribute data.

Summary

The Gambia has below-average total reserves in comparison to its total external debt and the global average. It also ranks quite low in terms of reserves and related items, total reserves minus gold, and total reserves including gold, all in current US$. Additionally, the country's total reserves in months of imports are slightly lower than the global average. These indicators are important as they reflect The Gambia's ability to meet its external financial obligations, manage its balance of payments, and sustain economic stability amidst global uncertainties.

Taxes

The Gambia has a relatively high applied weighted mean tariff rate for all products at 17.82%, which is 12.61% above the average of 5.21%. This places The Gambia at rank 2 out of 153 countries in the dataset for this attribute.

Summary

The Gambia maintains a significantly high applied weighted mean tariff rate of 17.82%, standing 12.61% above the global average of 5.21%. This places The Gambia as the second-highest among 153 countries analyzed. Such a high tariff rate indicates potential challenges for international trade and may impact the country's competitiveness in the global market. It also suggests a protective trade policy stance that could affect foreign investment and economic cooperation with other nations.

Top Stats

Ranks in Top Decile For:

Attribute Rank/Total
Population ages 0-14 (% of total population) 12/194
Age dependency ratio (% of working-age population) 17/194
Fertility rate, total (births per woman) 13/190
Households and NPISHs final consumption expenditure (% of GDP) 7/158
Foreign direct investment, net inflows (% of GDP) 17/178
International tourism, receipts (% of total exports) 10/120
Food exports (% of merchandise exports) 3/152
Food imports (% of merchandise imports) 12/152
Transport services (% of service imports, BoP) 4/169
Transport services (% of commercial service imports) 6/169
Tariff rate, applied, weighted mean, all products (%) 2/153

Ranks in Bottom Decile For:

Attribute Rank/Total
Population ages 15-64 (% of total population) 178/194
Population ages 65 and above (% of total population) 184/194
Military expenditure (current USD) 146/149
Armed forces personnel, total 148/164
Fertilizer consumption (kilograms per hectare of arable land) 179/187
Industrial design applications, nonresident, by count 110/112
GDP per capita (current US$) 175/190
GDP per capita, PPP (current international $) 166/181
GNI per capita, PPP (current international $) 166/181
Gross value added at basic prices (GVA) (current US$) 159/176
Services, value added (current US$) 167/183
Industry (including construction), value added (current US$) 165/183
Manufacturing, value added (current US$) 161/173
Manufacturing, value added (% of GDP) 166/173
Medium and high-tech manufacturing value added (% manufacturing value added) 135/149
Final consumption expenditure (current US$) 147/159
General government final consumption expenditure (current US$) 153/158
General government final consumption expenditure (% of GDP) 146/158
External balance on goods and services (% of GDP) 152/163
Exports of goods, services and primary income (BoP, current US$) 162/170
Exports of goods and services (BoP, current US$) 161/170
Exports of goods and services (current US$) 155/163
Exports of goods and services (% of GDP) 155/163
Goods exports (BoP, current US$) 159/171
Merchandise exports (current US$) 172/187
Merchandise exports by the reporting economy, residual (% of total merchandise exports) 156/166
Manufactures exports (% of merchandise exports) 144/152
High-technology exports (current US$) 151/151
Medium and high-tech exports (% manufactured exports) 137/149
Insurance and financial services (% of service exports, BoP) 152/161
Insurance and financial services (% of commercial service exports) 152/161
Imports of goods and services (current US$) 151/163
International tourism, expenditures (% of total imports) 124/131
ICT goods imports (% total goods imports) 141/143
Goods imports (BoP, current US$) 156/171
Imports of goods and services (BoP, current US$) 156/170
Imports of goods, services and primary income (BoP, current US$) 157/170
Service imports (BoP, current US$) 163/171
Communications, computer, etc. (% of service imports, BoP) 169/169
Commercial service imports (current US$) 163/171
Computer, communications and other services (% of commercial service imports) 167/169
Fixed broadband subscriptions 171/185
Total reserves minus gold (current US$) 147/161
Total reserves (includes gold, current US$) 147/161