Preliminary data suggests that the economy ended 2024 on a strong footing and that this momentum has carried over into 2025. Tourism figures are inching towards pre-pandemic levels, the construction sector is doing well, and remittances remain robust. The central bank’s Composite Index of Economic Activity pointed to an economic expansion of around 6% in January 2025. As a result, we have raised our real GDP growth forecast for 2025 to 4.9% (previously 3.6%). As a small, open economy, the Gambia remains susceptible to geopolitical tensions and trade fragmentation, affecting tourism, remittances, and investment.
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