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Get to Know About Gambia
The Gambia is a country in West Africa. It has been surrounded by Senegal, another African country and the Atlantic Ocean in the west. This republic nation has a total area of 10,689 square kilometers and has a population of around 2 million. The Gambia is among the poorest countries in the world, and according to the World Bank, 48.6% of the people live under the poverty line.
The estimated nominal GDP was around 1.038 billion dollars in 2017. Also, the HDI is on the lower side, the country’s score being 0.452. As of now, the numbers might not be in Gambia’s side, but to be honest, things have been changing in the country. There have been some significant indicators of economic growth, so as an investor, doing business in Gambia could be a good idea.
Tourism, farming, and fishery are the major industries in the Gambia. The country has built good relations with Japan and the United States of America as trade partners. Education till at least the primary level is compulsory in the country. However, it has not been fully implemented due to a lack of infrastructure. Additionally, the Gambia has brought flexible rules for foreign investment. There are no restrictions on the type of business that you do and the investment you make.
Anyway, there still are problems, especially in the human rights department. Homosexuality is illegal, and women’s rights are questionable. In conclusion, there are difficulties, but we can say that you still can open a company in the country if you want to grow with it.