IMF Staff Country Reports

The Gambia: Selected Issues

Publication Date:

August 18, 1999

Electronic Access:

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Summary:

This Selected Issues paper examines economic developments in The Gambia during 1994–98. Although real output growth slowed significantly in the early 1990s and turned negative in 1994/95, both 1997 and 1998 were characterized by an upswing in real economic activity. The 1994/95 output decline of 3.4 percent was primarily owing to a significant downturn in tourist activity. The recovery in the tourist sector and the more favorable weather conditions led to real GDP growth of 4.9 percent in 1997 and an estimated real growth rate of 4.7 percent in 1998.

Series:

Country Report No. 1999/071

Subject:

Commercial banks Financial institutions Foreign exchange Income National accounts Real effective exchange rates Real exchange rates Tariffs Taxes