Gambia

1980

2026

2030

1980

2026

2030

Gambia Economic Statistics (2026)

GDP per capita (PPP) in 2026: $3,822—below global average.

The economy has grown at an average rate of 5.4% over the past 5 years.

GDP per capita (PPP)

$3,822

GDP growth

+5.1%

Inflation rate

4.9%

Key terms

GDP: — Gross Domestic Product—the total value of goods and services produced in a country annually.
GDP PPP: — GDP adjusted for purchasing power parity—what money actually buys in each country.
GDP per capita: — GDP divided by population—a measure of average economic output per person.
Inflation rate: — Annual percentage increase in the general price level of goods and services.
Fiscal balance: — Government revenue minus expenditure. Surplus if positive, deficit if negative.
Current account: — Net flow of goods, services, and transfers with the rest of the world.

Total economic output and annual growth rate

Total GDP is $3 billion, with rapid growth of 5.1% in 2026.

Average economic output per person

GDP per capita is $925 in nominal terms, but $3,822 when adjusted for local purchasing power—indicating lower prices than in the US.

Consumer price inflation and labor market conditions

Inflation is 4.9% in 2026.

Government debt, revenue, and expenditure as percentage of GDP

Government debt is elevated at 70% of GDP. The government spends more than it collects (revenue: 25.1%, expenditure: 25.7% of GDP).

Fiscal balance and current account as percentage of GDP

The country is running a fiscal deficit of 0.5% and a current account deficit of 4.6% of GDP.

Gambia is a lower-income economy with GDP per capita (PPP) of $3,822. The economy has been growing rapidly, averaging 5.4% annually.