Daily Almanac for
Jul 19, 2008
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Encyclopedia—The Gambia, country, Africa

Economy

Despite attempts at diversification, The Gambia's economy remains overwhelmingly dependent on the export of peanuts and their byproducts and the re-exporting of imported foreign goods to other African nations. About three quarters of the population is employed in agriculture. Rice, millet, sorghum, corn, and cassava are grown for subsistence, and cattle, sheep, and goats are raised. There is also a fishing industry. The main industrial activities center around the processing of agricultural products and some light manufacturing. Tourism, which suffered following the 1994 military takeover, rebounded in the late 1990s. Besides peanut products, dried and smoked fish, cotton lint, palm kernels, and hides and skins are exported; foodstuffs, manufactures, fuel, machinery, and transportation equipment are imported. India, Great Britain, China, and Senegal are the country's leading trading partners. The Gambia is one of the world's poorest nations and relies heavily on foreign aid.

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The Columbia Electronic Encyclopedia, 6th ed. Copyright © 2007, Columbia University Press. All rights reserved.

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