Country risk rating

D3

SENSITIVE RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

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GDP USD 1.6245bn (World ranking 183, World Bank 2018)
Population 2.28mn (World ranking 142, World Bank 2018)
Form of state Republic
Head of government Adama Barrow (President)
Next elections 2021, presidential
  • Improving business climate after the end of the former authoritarian government
  • Agricultural sector (85% of total exports)
  • Strong recovery in tourism (+26% between 2017 and 2018)
  • It will take time to improve the weak judicial system following years of a poor political environment
  • Underdeveloped banking and financial system
  • A small internal market and an undiversified economy, which makes the country very vulnerable to external shocks
  • High public debt (84% of GDP in 2018)
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