The Gambia vs Italy: Economic Indicators Comparison

Italy with a GDP of $2.1T ranked the 8th largest economy in the world, while the Gambia ranked 178th with $1.6B. By GDP 5-years average growth and GDP per capita, Italy and the Gambia ranked 154th vs 80th and 29th vs 183rd, respectively.

Gross Domestic Product & Income

Stat	Gambia	Italy
GDP	$1.6B	$2.1T
GDP growth, 1 year	6.6%	0.9%
GDP growth, 5-years average	3.3%	0.9%
Population	2.1M	60.3M
GDP per capita	$716	$34k
GDP per capita growth	3.45%	0.95%
Purchasing Power Parity conversion factor	13.2	0.7
Price level ratio of PPP conversion factor GDP to market exchange rate	0.27	0.82
GDP per capita, PPP adjusted	$2.8k	$40k
GNI, Atlas method	$1.6B	$2T
GNI per capita	$710	$34k
GNI, PPP adjusted	$5.8B	$2.6T
GNI per capita, PPP adjusted	$2.6k	$42k

Financial system and Human development

Stat	Gambia	Italy
Income Tax Rate	35%	43%
Corporate Tax Rate	32%	27.5%
Inflation, consumer prices	6.5%	1.2%
Inflation, GDP deflator	5.2%	0.9%
Unemployment	8.9%	10.2%
Economic Freedom Index	56.3	63.8
Personal Freedom Index	5.86	8.79
Human Freedom Index	6.52	8.01
Property Rights Index	43.9	75.4
Judical Effectiveness Index	43.4	51.3
Business Freedom Index	53.5	70.4
Fiscal Health Index	25.3	71.1
Labor Freedom Index	67.4	50.9
Investment Freedom Index	65	80
Financial Freedom Index	50	50
Trade Freedom Index	64.6	86.4
Monetary Freedom Index	63.3	83.2
Government Spending Index	85.6	28.5
Tax Burden Index	74.6	56
Government Integrity Index	39.2	62.2
Corruption Perceptions Index	37	52
Life expectancy at birth, years	61.4	83.2
Suicide mortality rate, per 100,000 people	5.1	8.2
Mortality caused by road traffic injury, per 100,000 people	29.7	5.6
Intentional homicides, per 100,000 people	9.1	0.7
International tourism, number of arrivals	552k	61.6M

Government debt & reserves

Stat	Gambia	Italy
Central government debt, % of GDP	83.2%	132.1%
External debt stocks, % of GNI	42.7%	N/A
External debt stocks	$681.4M	N/A
Short-term debt, % of total reserves	9.4%	N/A
Total debt service, % of exports and primary income	16.8%	N/A
Adjusted net savings including particulate emission damage, % of GNI	-12.7%	6%
Gross savings, % of GDP	8.6%	20.8%
Gross capital formation, % of GDP	17%	18.2%
Total reserves including gold	$191.8M	$152.4B
Foreign direct investment net inflows	$33M	$39.6B

Exports, imports and economic structure

Stat	Gambia	Italy
Exports of goods and services, % of GDP	21.9%	31.5%
Imports of goods and services, % of GDP	41.5%	29%
Current account balance (balance of payments)	-$78.6M	$53.8B
Revenue excluding grants, % of GDP	10.1%	37.7%
Grants excluding technical cooperation, BoP	$126M	N/A
Personal remittances received	$203.6M	$9.9B
Industry including construction value added, % of GDP	15.6%	21.4%
Agriculture, forestry and fishing value added, % of GDP	19.9%	1.9%
Charges for the use of intellectual property, payments BoP	N/A	$5.1B
Charges for the use of intellectual property, receipts BoP	N/A	$4.9B
Expense, % of GDP	10.7%	41.3%
Government Expenditure, % of GDP	21.9%	48.8%