The Gambia

Republic of The Gambia

Region: West Africa · ISO code: GMB

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Economy

Nominal GDP

USD 2.46 billion

GDP per capita

USD 858

2021–2025 average

Currency

Name: Gambian dalasi
Гамбийский даласи
ISO code: GMD
Rate against the US dollar: USD 1 = 74.27 GMD
Rate against the rouble: 1 GMD = 1.1251 RUB
Rate type: Cross rate via the Bank of Russia USD/RUB rate
Currency zone: National currency

Exchange rate as of 1 October 2026

Economic structure

GDP structure: 2021–2025 average Source: Based on World Bank data. Period: 2021–2025 average

Agriculture 22.6%
Industry 15.8%
Services 54.8%

Industries and programmes

Key industries: Tourism, groundnut cultivation, re-export trade, and fishing
Government programmes: “YIRIWAA” National Development Plan (RF-NDP) 2023–2027Source: The Gambia’s Ministry of Finance and Economic Affairs (https://mofea.gov.gm/wp-content/uploads/2024/02/RF-NDP-2023-2027.pdf)

Source: The Gambia’s Ministry of Finance and Economic Affairs (https://mofea.gov.gm/wp-content/uploads/2024/02/RF-NDP-2023-2027.pdf)

International trade

Exports of goods, 2021–2025

USD billion Source: World Bank / WTO, merchandise exports (TX.VAL.MRCH.CD.WT). Period: 2021–2025

Amount Index (2021 = 100)

Table

Exports of goods, 2021–2025: amount and index (2021 = 100)
Year	USD billion	index, 2021 = 100
2021	0.03	100.0
2022	0.05	166.7
2023	0.33	1,100.0
2024	0.36	1,200.0
2025	0.51	1,700.0

Imports of goods: USD 1.30 billion 2021–2025 averageSource: ITC. Period: 2021–2025 average
Exports of goods and services: USD 0.33 billion 2025Source: World Bank, national accounts. Period: 2025
Change in exports of goods, 2021–2025: +1,600.0%
Average annual rate of change in exports of goods, 2021–2025: +103.1%

Export specialisation

Main export products

share of exports of goods, %, 2024 Source: UN Comtrade, 2024; share of total merchandise exports, HS chapters (2 digits). Period: 2024

oil seeds and oleaginous fruits34.3%
mineral fuels, oil and gas27.5%
sugar15.9%
fruit and nuts (including cashews)4.0%
machinery and equipment2.9%

Main export destinations

share of exports of goods, %, 2024 Source: UN Comtrade, 2024; share of total merchandise exports, HS chapters (2 digits). Period: 2024

China36.3%
Mali25.2%
Guinea-Bissau14.8%
Senegal11.7%
India3.5%

Investment areas

Value-added agro-industrial processing
Fishing
Premium tourism and ecotourism
Transit logistics and port infrastructure
Renewable energy
Offshore oil and gas exploration
The establishment of local light-manufacturing and assembly operations

Agreements with Russia

Investment protection

There is no bilateral agreement with Russia on the promotion and reciprocal protection of investments.

Absent
Double taxation

There is no double taxation agreement with Russia.

Absent
Visa requirements

Visa required. An agreement is in force on the mutual waiver of tourist visas.
Source: The Gambia Immigration Department (https://gid.gov.gm/visa/)

Partly visa-free
Peaceful nuclear energy

No information

Other agreements

Agreement on Military Cooperation — signing authorized by the Government of the Russian Federation (2024).

Incentives

Main regimes and incentives: Investment and Export Promotion Act (2010): special investment certificate — duty exemptions and tax holidays for priority industries; SEZ regime — corporate tax incentives.
Type of measure: Tax holidaysDuty exemptionSpecial territorial regimes (SEZ)
Investment agency: GIEPA — Gambia Investment and Export Promotion Agency (Gambia Investment and Export Promotion Agency)