Economy of the Gambia

Current GDP per capita Archived 2012-05-04 at the Wayback Machine of the Gambia registered a peak growth of 23.3% in the 1970s.

The Gambia has benefited from a rebound in tourism after its decline in response to the military's takeover in July 1994.

The Gambia's economy is characterized by traditional subsistence agriculture, a historic reliance on peanuts or groundnuts for export earnings, a re-export trade built up around its ocean port, low import duties, minimal administrative procedures, a fluctuating exchange rate with no exchange controls, and a significant tourism industry.

The limited amount of manufacturing is primarily agriculturally based (e.g., peanut processing, bakeries, a brewery, and a tannery).

The Gambia is also usually the first African destination for many European birders, due to its easily accessed and spectacular avian fauna.

[18] In 2020 Norway, China, Cote d'Ivoire, Brazil and Turkey were the major sources of imports, accounting for 49% of the total.

)[20] Labor force: 400,000 Labor force - by occupation: agriculture 75%, industry, commerce, and services 19%, government 6% Budget: Industries: processing peanuts, fish, and hides; tourism; beverages; agricultural machinery assembly, woodworking, metalworking; clothing Electricity Agriculture - products: peanuts, pearl millet, sorghum, rice, maize, cassava (tapioca), palm kernels; cattle, sheep, goats; forest and fishery resources not fully exploited.