Gambia’s Economy Grew Estimated 5.7% in 2010, Minister Says

Gambia’s economy grew an estimated 5.7 percent in 2010, slightly less than the 5.9 percent average since 2007, Finance Minister Abdou Kolley said in a letter to the International Monetary Fund, published on the IMF’s website.

The West African nation’s current-account deficit is estimated to have declined to 10 percent of gross domestic product in 2010, he said.

“This one percentage-point decrease largely reflects a pick-up of exports of man-made filaments, groundnuts and cashew nuts,” according to the statement.

(Source: http://www.bloomberg.com/news/2011-01-11/gambia-s-economy-grew-estimated-5-7-in-2010-minister-says.html)