Economic recovery programme 1986/87 - 1988/89 within the context of the United Nations programme of action for african Economic recovery and development

Abstract

The Gambian economy and hence its economic performance is heavily dependent on groundnuts production and exports. As a consequence, the factors of weather and export prices of groundnuts and groundnut products influenced to a large degree developments in the economy in the period of the 1970s and early 1980s. These factors have in one form or the other during these periods influenced achievements in the level of agricultural output, gross domestic product, export earnings, the balance of payments, revenues of government and incomes acruing to farmers,. They have also influenced government's fiscal and other economic policies and the levels of public expenditure.