Gambian economic growth rebounded to 5.5 percent in 2021 after a contraction of 0.2 percent in 2020. Monetary policy remains accommodative between 2020 and 2021 and high energy and transport prices increase inflation from 5.9 percent in 2020 to 6.9 percent in 2021. The current account deficit, which is financed mainly by FDI and capital transfers, widens from 3.3 percent of GDP in 2020 to 9.3 percent in 2021. Gross official reserves increased from US$352.1 million in 2020 to US$496.5 million in 2021 due to the allocation of SDR. (Download detailed Analysis Source : Report African Economic Outlook 2022 ; AfDB)
Gambia does not have a stock market. Foreign direct investment flows to The Gambia have been increasing between 2017-2021, from $18.4 million to $251.8 million, representing a 33% growth in 2021.
