The Gambia Country DiagThe Gambia Country Diagnostic Note (CDN) assesses the nation’s development challenges and suggests actions to boost growth. Key points include:
The economy is recovering from COVID-19, with GDP growth projected at 5.3% in 2023, rising to 6.0% in 2024, and 6.4% in 2025.
Inflation has increased to 17.0% but is expected to decline in the coming years.
The manufacturing sector remains underdeveloped, primarily consisting of small and medium-sized enterprises with low productivity, especially in textiles and food.
Structural transformation and labor productivity have been slow, with agriculture contributing positively but with limited gains in services and manufacturing.
Low total productivity, a complicated tax system, limited financing, and poor infrastructure hampered competitiveness.
The private sector has potential for inclusive growth but is constrained by a challenging business environment.
Targeted policies are necessary to improve productivity and competitiveness, aiming for inclusive and green growth to meet sustainable development goals by 2030.nostic Note (CDN) assesses the nation’s development challenges and suggests actions to boost growth. Key points include:
The economy is recovering from COVID-19, with GDP growth projected at 5.3% in 2023, rising to 6.0% in 2024, and 6.4% in 2025.
Inflation has increased to 17.0% but is expected to decline in the coming years.
The manufacturing sector remains underdeveloped, primarily consisting of small and medium-sized enterprises with low productivity, especially in textiles and food.
Structural transformation and labor productivity have been slow, with agriculture contributing positively but with limited gains in services and manufacturing.
Low total productivity, a complicated tax system, limited financing, and poor infrastructure hampered competitiveness.
The private sector has potential for inclusive growth but is constrained by a challenging business environment.
Targeted policies are necessary to improve productivity and competitiveness, aiming for inclusive and green growth to meet sustainable development goals by 2030.
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