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THE GAMBIA (THE GAMBIA PROFILE (it is a long thin country 350km from west…
THE GAMBIA
THE GAMBIA PROFILE
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a GNP per capita of $320 (UK = $14,570, Senegal = $650)
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The
annual population growth rate of
3.9% is the highest in West Africa,
putting pressure on the country’s
limited resources
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AIMS OF TOURISM
focused on the Gambia’s natural
resources, culture and history
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generates economic activity and
retains income locally in a
sustainable way, particularly in rural
economies
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TOURISM BACKGROUND
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foreign currency reciepts from tourism are a means of economic development. e.g. Asian economies found tourism to be an important source of finance for capital goods imports during their industrialisation process.
tourism contributes 12% of Gambian GNP and employs over 35,000 people
ECONOMIC ACTIVITY
right after independence
- a 10 year period of prosperity
- the economy growing at 4% p.a.
- inflation was low
- debt was small and the national budget was balanced.
from 1970
- in 1985 debt arrears totaled 14 million approximately 60% of GDP