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Economy of Gambia and business opportunities

Economy of The Gambia

The Gambia has no important mineral or other natural resources, and has a limited agricultural base. About 75% of the population depends on crops and livestock for its livelihood. Small-scale manufacturing activity features the processing of peanuts, fish, and animal hides.

Short-run economic progress remains highly dependent on foreign aid, and on responsible government economic management as forwarded by International Monetary Fund technical help and advice.

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. Average wages in 2007 hover around $1-2 per day.

Sectors

Agriculture

Agriculture accounts for 23% of gross domestic product (GDP) and employs 75% of the labor force. Within agriculture, peanut production accounts for 5.3% of GDP, other crops 8.3%, livestock 4.4%, fishing 1.8%, and forestry 0.5%.

Industry

Industry accounts for 12% of GDP. Manufacturing accounts for 6% of GDP. The limited amount of manufacturing is primarily agriculturally based (e.g., peanut processing, bakeries, a brewery, and a tannery). Other manufacturing activities include soap, soft drinks, and clothing. Services account for 19% of GDP.

Tourism

Tourism in Gambia has three major strands. There is the traditional sun seeking holiday making use of the hot climate and wonderful beaches.

The tourist season is the dry season, during the Northern Hemisphere winter.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Economy Of Gambia"

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This section contains economy and business opportunities and from Gambia.
Gambia Economy Gambian Economy, business opportunities in Gambia.
Summary:
Borehole drilling works for the Water Supply Project in the Greater Banjul Area (WASIB)
Country:
Gambia
 
Notice Type:
Tender Notice
Deadline:
24 Jun 2024
Posting Date:
24 Apr 2024
 
 
 
Summary:
Development of a National climate change ACT
Country:
Gambia
 
Notice Type:
Tender Notice
Deadline:
02 May 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
Consultancy for the Development of National Child and Vulnerable Groups Online Protection Policy
Country:
Gambia
 
Notice Type:
Tender Notice
Deadline:
03 May 2024
Posting Date:
20 Apr 2024
 
 
 
Summary:
Procurement of Hospital Furniture, General Furniture and Materials for NICU EFSTH
Country:
Gambia
 
Notice Type:
Tender Notice
Deadline:
30 Apr 2024
Posting Date:
08 Apr 2024
 
 
 
Summary:
supply and installation of 33/llkV substations and ll/0.415kV package Substations within the Greater Banjul Area.
Country:
Gambia
 
Notice Type:
Tender Notice
Deadline:
15 May 2024
Posting Date:
08 Apr 2024
 
 
 
Summary:
Gm-Gambia Inclusive And Resilient Agricultural Value Chain Develop -- P173070
Country:
Gambia
 
Notice Type:
Procurement Plan
Deadline:
28 Jan 2025
Posting Date:
30 Jan 2024
 
 
 
Summary:
Gm-The Gambia Resilience, Inclusion, Skills, And Equity Project -- P179233
Country:
Gambia
 
Notice Type:
Procurement Plan
Deadline:
22 Jan 2025
Posting Date:
24 Jan 2024
 
 
 
Summary:
Gm-The Gambia Resilience, Inclusion, Skills, And Equity Project -- P179233
Country:
Gambia
 
Notice Type:
Procurement Plan
Deadline:
07 Jan 2025
Posting Date:
09 Jan 2024
 
 
 
Summary:
Gm-The Gambia Resilience, Inclusion, Skills, And Equity Project -- P179233
Country:
Gambia
 
Notice Type:
Procurement Plan
Deadline:
03 Jan 2025
Posting Date:
05 Jan 2024
 
 
 
Summary:
Gm-Gambia Electricity Restoration And Modernization Project -- P163568
Country:
Gambia
 
Notice Type:
Procurement Plan
Deadline:
01 Jan 2025
Posting Date:
03 Jan 2024