IMF Staff Country Reports

The Gambia: Selected Issues and Statistical Appendix

Publication Date:

October 3, 2008

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This Selected Issues paper and Statistical Appendix for The Gambia underlies that the exchange rate is broadly in line with fundamentals, although data weaknesses and uncertainties prevent a definitive assessment. The Gambia’s current account deficit is higher than economic fundamentals would predict, and a depreciation of 11 percent would be needed to restore sustainability. The external sustainability approach suggests that 4–6 percent depreciation is needed for the current account deficit to be consistent with constant net foreign assets as a share of GDP.

Series:

Country Report No. 2008/325

Subject:

Balance of payments Current account Current account balance Current account deficits Imports International trade Real effective exchange rates Trade liberalization