World Bank2025-08-192025-08-192025-08-19https://hdl.handle.net/10986/43613The Gambia’s economy continued its recovery in 2024, driven by agriculture and services on the supply side and by public and private consumption and investment spending on the demand side. Despite increased service exports and robust remittances, the external accounts worsened in 2024 and foreign exchange reserves in months of imports declined. The fiscal deficit narrowed in 2024, supported by stronger tax revenue mobilization, which helped reduce public debt, although it remains elevated with a high risk of distress. While extreme poverty declined in 2024, supported by rising labor incomes and lower inflation, significant disparities and inequalities persist. Public debt affects The Gambia’s economy through public and private investment, interest rates, and access to private sector credit.en-USCC BY-NC 3.0 IGOECONOMIC GROWTHNO POVERTYINVESTMENT SPENDINGFISCAL DEFICIT NARROWINGPUBLIC DEBTLABOR INCOMESDECENT WORKReportWorld Bankhttps://doi.org/10.1596/43613