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%
Inflation: 6.5%
Foreign Direct Investment (% of GDP): 1.8%
Unemployment Rate: 8.9 %
Capital: Banjul
Currency: Dalasi (GMD)
Languages: English
Gambia's Economy
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.”
Interesting Facts About Gambia
The country is agricultural-led, growing peanuts, rice, maize, millet and other cereals, and horticulture
Tourism is a key economic driver. It is the biggest foreign exchange earner for Gambia, contributing over 16% of GDP
It is the smallest country on mainland Africa
‘Borreh’, a type of wrestling, is the national sport of the country
There are more than 500 species of birds in Gambia, which attract a lot of tourists and bird lovers
The national dish of Gambia is Domoda, which consists of peanuts and vegetables (mostly pumpkin or sweet potatoes and a saucy base)
Public Holidays in Gambia
New Year
Independence Day
Good Friday
Easter Monday
Labour Day
Africa Day
Lailat al-Qadr
Eid al-Fitr
Assumption of Mary
Eid al-Adha
Ashura
The Prophet’s Birthday
Christmas Day
Employment in Gambia
Work agreements can be in both verbal or written formats in Gambia, though many employees prefer a written agreement that outlines all the key information about their wage, compensation, leaves, and termination details. Employees are entitled to vacation, sick and parental leaves. Universal healthcare is provided by the country. While you partner with Africa HR Solutions, our in-country experts will ensure your HR outsourcing strategy is aligned with the Gambia labour law and cultural policies, and we shall help you to devise a competitive compensation package to attract the right talent to your organisation in Gambia.
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