Unemployment Rate Evolution in Gambia from 2012 to 2023

Unemployment Rate Evolution in Gambia from 2012 to 2023

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TGM StatBox. (2024). Unemployment Rate Evolution in Gambia from 2012 to 2023. TGM StatBox.
Chart Details
Timeframe: 1990-2023
Country: Gambia
Published date: 2024
Note: The Unemployment Rate, as defined by World Development Indicators, is the percentage of the labor force that is without work but is actively seeking employment and available to start work.
Key Takeaways
Gambia’s unemployment rate has seen notable changes, from 10.3% in 2012 to a low of 4.1% in 2018, indicating improvements in economic stability and job creation. However, recent challenges, including the pandemic's effect on tourism and agriculture, led to an increase to 6.5% by 2023. The reliance on limited sectors underscores the need for economic diversification to sustain employment levels and reduce vulnerabilities in its job market.

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