Surrounded by Senegal, Gambia is a small, but densely populated country located in Western Africa. Growth in the country is led by tourism and agriculture. However, the country faced a few challenges due to the Covid-19 pandemic, but with financial support from the World Bank and the International Monetary Fund (IMF), Gambia is working towards economic recovery efforts.
Africa HR Solutions offers a range of HR outsourcing solutions to help you expand your activities in Gambia. Our services include Professional Employer Organisation (PEO), Employer of Record, payroll outsourcing, and other related services. We ensure that all your queries about the country’s policies, culture, and norms are considered and your organisation can move without any challenge even if you do not have a legal entity in Gambia yet.
Country Profile - Gambia
Population: 2.4 mn
Gross Domestic Product (GDP): $47.32 bn
GDP Growth: 6.6%
Foreign Direct Investment (% of GDP): 1.8%
Unemployment Rate: 8.9 %
Currency: Dalasi (GMD)
Being a small country in Western Africa and bounded by Senegal, Gambia is considered to have a fragile economic system. Faced with the Covid-19 pandemic, the country registered a decline in the tourism and trade sectors leading to no growth and causing poverty to rise again. Nevertheless, the implementation of sound macroeconomic management and inflows from donor grants slowed the fiscal deficit and public debt. According to the World Bank, the Gambia Country Engagement Note that covers the period FY18–21 is focused on (1) “Restoring macroeconomic stability and stimulating inclusive growth” and (2) “Investing in human capital and building assets and resilience for the poor.”
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