The ISO code of Gambia is GM according to the ISO 3166 standard. The local name of the country is The Gambia. Gambia capital city is Banjul. People in Gambia speak the English language. On 18 February 1965, Gambia emerged as a sovereign political entity. In the year 02/18/1965, Gambia emerged as a sovereign political entity. The largest cities in Gambia are Banjul, Serekunda.
Gambia is located in the UTC +00:00 time zone, which is also called Western European Time or WET. The internet country code top-level domain (ccTLD) for Gambia is .gm. The International dialing code for Gambia is 220. People in Gambia drive on the right side of the road. Total land area of Gambia is 11,295 km² (approx. 4,361 mi²). Gambia is not a landlocked country. It means that is is bordered by at least one major body of water.
Gambia is located in Africa. Gambia is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently Gambia faces various issues, including deforestation, desertification, water-borne diseases prevalent.
Doing business in Gambia
We offer various corporate services in Gambia jurisdiction. These services can serve both, people coming from Gambia and foreigners. If you plan on doing business in Gambia you might be interested in contacting us.
To find out about starting your business in Gambia click on company formation in Gambia.
To find out how to open a bank account in Gambia and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Gambia.
Choose preferred service below or continue reading to find out more about Gambia.
Demographics of Gambia
The total population of Gambia is 2,163,765 people. In Gambia, the population density is 173 people per square kilometer (450 per square mile). Because of this statistic, this country is considered to be densely populated. The ethnic diversity is very diverse according to a fractionalization scale which for Gambia is 0.7864. Gambia has approximately 162919 foreign immigrants. The median age is approximately 20.2 years. In Gambia, 12.45 in every 100 people use internet. Gambia has a Human Development Index (HDI) of 0.441.
The majority religion of Gambia is Islam, Gambia is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Gambia.
Culture of Gambia
People in Gambia speak the English language. According to data on inbound tourists in Gambia, 171,000 tourists arrive in the country each year. One of the most popular national dishes of Gambia is benachin. To read more click on culture of Gambia.
Geography of Gambia
Gambia is considered to be a large nation because of its total area. Its total land area is 11,295 km² (approx. 4,361 mi²). Gambia is located in Africa. Its capital city is Banjul. The length of said border is 740 km (460 mi).Total length of land borders of Gambia is 749 kilometers (~289 miles).
The highest point of Gambia is Red Rock, with its official height being 53 m (174 ft). Including land mass and EEZ, the total area of Gambia is approximately 34,407 km² (~13,285 mi²). The most notable natural resources found in Gambia are fish, clay, silica sand, titanium, tin, zircon.To read more click on geography of Gambia.
Economy of Gambia
The currency of the country is Gambian dalasi. The symbol used for this currency is D, and it is abbreviated as GMD. 9.4% of population in the country are unemployed. The total number of unemployed people in Gambia is 203,394. Each year, Gambia exports around $0.11 billion and imports roughly $0.36 billion. The Gini Index of the country is 50.2. Gambia has a Human Development Index (HDI) of 0.441.The Global Peace Index (GPI) for Gambia is 2.086. Gambia has a government debt of 41.8% of the country's Gross Domestic Product (GDP), as assessed in 2012. Gambia is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are peanuts, fish, hides, tourism, beverages, agricultural machinery assembly, woodworking, metalworking, clothing.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Gambia is $3,093 billion. Each year, consumers spend around $770 million. The ratio of consumer spending to GDP in Gambia is 85%, and the ratio of consumer spending to the world consumer market is 0.0022. The corporate tax in Gambia is set at 31%. Personal income tax ranges from 0% to 30%, depending on your specific situation and income level. In 2013, Gambia received 138.8 million USD in foreign aid.In 2014, the foreign aid amounted to 135.1 USD.To read more click on economy of Gambia.
Infrastructure of Gambia
Infrastructure quality in Gambia is rated to be at 2. It indicates a mediocre quality - roads, railroad, ports and other facilities are able to handle somewhat significant traffic, but not enough to ensure smooth transit at all times.
In Gambia, 34.5% of the population has access to electricity. There are 656 internet hosts in Gambia. Gambia has 1 airports nationwide.
The logistics performance index of Gambia is 2.25. It indicates a mediocre performance - shipping procedures are relatively unreliable, timeliness and safety of transferred goods are often a problem, although such a system may function relatively well if traffic is no too dense.
Tracking possibilities for shipments are rated at 2. It indicates a mediocre performance - the tracking systems provide some degree of information which usually includes the most necessary topics, such as the current location of a shipment, the dates of arrival and departure and the status of a shipment; still, more detailed information about the status and multi-language accessibility options are usually lacking.
The number of road motor vehicles per 1000 inhabitants in Gambia is 30. To read more click on infrastructure of Gambia.
Politics of Gambia
Gambia, is a dominant-party presidential republic. With regard to political and civil freedoms, Gambia is 3. Citizens in Gambia experience little to no civil liberties and political rights. Citizens are not free to express themselves and do not enjoy political freedom or a representative government. Countries with this political situation are dangerous for investment, as an authoritarian government may have outsize control over economic matters. The head of the government is Adama Barrow.
According to the World Bank Group, the government effectiveness index of Gambia is -0.61. This indicates that the government of Gambia is ineffective. Public and civil services are severely handicapped, leading to potential for social and political upheaval.In Gambia, the legislative power is vested in a National Assembly. The Global Peace Index (GPI) for Gambia is 2.086. The strength of legal rights index for Gambia is 4. Overall, it is considered to be rather inadequate - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders to some degree; credit information may be sufficient, but hardly available, or, the oppoiste case, available but not sufficient. In 2013, Gambia received 138.8 million USD in foreign aid. In 2014, the foreign aid amounted to 135.1 USD. Gambia is a member of the United Nations (UN). On 21 September 1965, it joined the UN as a full member state. Gambia is a member of the African Union (AU). On 1 October 1965, it joined the AU as a full member state. Gambia is a member of the World Bank. To read more click on politics of Gambia.
Environment of Gambia
Gambia emits 0.2 metric tons per capita of CO2. 4857 km² of Gambia's territory is covered in forests. and forest land comprises 43% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Gambia is 30. To read more click on environment of Gambia.
Company formation in Gambia
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Gambia.
When establishing a company in Gambia, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Gambia that will affect the establishment and growth of one's business. Contact us or click on company formation in Gambia to read additional information when setting up a business.
Bank account opening in Gambia
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Gambia. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Gambia, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Gambia or contact us.