Gambia, The 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$2.40 billion
↑ 8.68% vs 2022GDP per Capita
$888.16
↑ 6.21% vs 2022GDP Growth (Annual %)
4.80%
↓ 0.70pp vs 2022Inflation Rate (CPI %)
16.97%
↑ 5.46pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $2.20 billion | $2.40 billion | +8.68% |
| GDP per Capita | $836.24 | $888.16 | +6.21% |
| GDP Growth (Annual %) | 5.49% | 4.80% | -0.70pp |
| Inflation (CPI %) | 11.51% | 16.97% | +5.46pp |
| Unemployment Rate (%) | 6.08% | 6.48% | +0.40pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $2.40 billion
- GDP per Capita
- $888.16
- GDP Growth (Annual %)
- 4.80%
- Gross National Income
- $2.37 billion
Prices & Employment
- Inflation (CPI %)
- 16.97%
- Inflation (GDP Deflator %)
- 15.60%
- Unemployment Rate (%)
- 6.48%
- Interest Rate (Real %)
- 4.45%
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- -8.52%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, Gambia, The's Gross Domestic Product (GDP) is $2.40 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Gambia, The for 2023 is $888.16. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Gambia, The for 2023 is 16.97%. This measures the annual percentage change in the cost of consumer goods and services.
Gambia, The's annual GDP growth rate for 2023 is 4.80%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Gambia, The for 2023 is 6.48%. This represents the percentage of the labor force that is unemployed and actively seeking employment.