A: Gambia lies on the geographical coordinates of 13° 28' 0" N, 16° 34' 0" W.

Latitude and Longitude of Gambia in other units:

More detail about Gambia

Gambia Bound to Re-Exporting Trade

Gambia is a beautiful place that takes advantage of the physical beauty in terms of the tourism trade but they are also heavily focused on imports, exports and re-exports. Even though by the numbers that they have in the exporting trade, they should financially be doing well, their level of loans and grants have run them into the deficit margin.

This area has a large crop of groundnuts which allows them to use it as one of their main exports. Since their Banjul Ports are quite popular, so is their re-exporting trade. This re-exporting part of their economy is valued at over three quarters of their revenue even though this was reduced to some extent over a decade ago.

When it comes to tourism, the country attracts travelers that enjoy sunbathing but also those that like to look at the various types of beautiful birds that live in the area, as well as African-Americans who like to come over for the view.

The development of the economy of Gambia is very reliant on the aid that is given by the government as agreed to by the International Monetary Fund. This comes in the bilateral and multilateral forms. It is statistically one of the poorest countries of the world, ranking at 155 out of 177. In the last decade, their economic performance at the macro level actually declined and inflation has gone up as it still continues to do.

The restrictions regarding monetary loans and spending have been tightened and Gambia hopes to gain higher levels of control of these issues. One of the major problems standing in their way is the cost of importing as it has been rising therefore making it more difficult for the natives to live.

Gambia has been making improvements with the levels of tourism, telecommunications, and construction, giving the area more hope for the future. These changes have only been since 2007 but it gives them some diversity from their re-exporting industry that may just be what they need.