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Economy, Manufacturing, Currency, and Trade

butut, principal partners, primary products, Central Bank, handicrafts

Manufacturing in The Gambia is limited mainly to the processing of peanuts and other primary products and to the building of fishing boats. Other manufactures include beverages, clothing, footwear, and handicrafts. The country’s unit of currency, adopted in 1971, is the dalasi (12.79 dalasi equal U.S.$1; 2000 average), consisting of 100 butut; it is issued by the Central Bank of The Gambia (1971). The cost of The Gambia’s yearly imports is usually much more than its export earnings; in 2000 imports totaled $210 million and exports were valued at $9 million. The main trading partners for exports were Japan, Belgium and Luxembourg, Senegal, Guinea, France, and the United States; principal partners for imports were the China, Cote d’Ivoire, Hong Kong, United Kingdom, Germany, Senegal, Thailand, and the United States. The Gambia’s tourist industry is a growing source of foreign exchange; the country hosted 91,000 visitors in 1998.



Article key phrases:

butut, principal partners, primary products, Central Bank, handicrafts, footwear, Senegal, exports, Guinea, Thailand, Luxembourg, Hong Kong, clothing, Japan, France, China, Belgium, Germany, beverages, average, cost, United Kingdom, visitors, Manufacturing, United States, manufactures

 
 

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