Gambia Tenders


Capital Banjul
ISO 3166 Code GM
Population 1,882,450
Area, Sq KM 11,300
Currency Gambian dalasi
Official Language English
GDP, Billion USD 917
GDP Growth Rate, % 3.3
Inflation, Avg CP, % Chng 23.0
Interest Rates, % N/A
Unemployement Rate, % N/A
Exchange Rate, 1 USD Equals 42.55
International dial code 220
Time Zone GMT
Internet TLD .gm

The Gambia is officially known as the Republic of the Gambia. It is situated in West Africa and is mostly surrounded by Senegal with a short strip of its coastline which shares its border with the Atlantic Ocean at its western end. Gambia is known to be the smallest country on mainland Africa. The country is located on the either side of the Gambia River. Gambia River flows through the center of the Gambia and empties into the Atlantic Ocean. The country covers a total area of 10,689 square kilometers and has a population of 1,882,450 according to the 15th of April 2013 Census. The capital of the country is Banjul. There are two largest cities in Gambia, namely Brikama and Serekunda. The Gambia is known to share historical roots with several other West African nations who were involved in the slave trade, which was considered to be an essential factor in the keeping as well as placing of a colony on the Gambia River. At first the Portuguese established their colonies in the country during which the country was known as A Gâmbiaand later by the British. Gambia obtained its independence from the United Kingdom in the year 1965 and since its independence; it had two leaders Sir DawdaJawara, who ruled from between the years 1970 till the year 1994, and YahyaJammehwho is the current ruler. The Gambia is known for a market based and liberal economy which is characterized by a historical reliance on groundnuts which helps in export earnings, a traditional subsistence agriculture, a re-export trade that is built up around the ocean ports of the country along with minimal administrative procedure, low import duties along with a fluctuating exchange rate with no exchange controls but a significant tourism industry. The World Bank pegs Gambian GDP at $898M US dollars in the year 2011 and according to the International Monetary Fund, Gambia is at $977M US dollars for the same year. Between the years 2006 to 2012, the economy of Gambia grew at a pace of 5–6% of GDP, annually. Agriculture of this countryaccounts roughly for 30% of country’s gross domestic product and is also responsible for employing about 70% of the labour force. As far as agriculture is concerned, peanut production accounts for 6.9% of GDP, livestock constitutes for 5.3%, other crops for 8.3 percent and fishing 1.8% along with forestry at 0.5%. Industry accounts for 8% of GDP approximately whereas the services constitute approximately 58%.

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