Bank deposits to GDP in Gambia
Gambia: Bank deposits to GDP was 45.5% in 2021. ◆ Volatile
Bank deposits to GDP in Gambia, 1966–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Gambia recorded 45.5% for bank deposits to gdp in 2021. That is the highest value across all 54 years on record.
Compared with earlier readings it is up 9.0% on the previous year and up 52.6% over ten years.
Over the whole period, bank deposits to gdp in Gambia peaked at 45.5% in 2021 and was at its lowest, 5.9%, in 1971.
That places Gambia 114th out of 185 countries with data for 2021, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Bank deposits to GDP in Gambia, year by year
| Year | % | Change |
|---|---|---|
| 1966 | 6.9% | — |
| 1967 | 6.9% | -0.1% |
| 1968 | 7.8% | +13.2% |
| 1969 | 7.0% | -10.5% |
| 1970 | 6.7% | -4.5% |
| 1971 | 5.9% | -11.7% |
| 1972 | 10.2% | +73.9% |
| 1973 | 10.4% | +1.3% |
| 1974 | 11.1% | +7.2% |
| 1975 | 10.0% | -10.2% |
| 1976 | 15.2% | +52.0% |
| 1977 | 13.2% | -13.2% |
| 1978 | 15.3% | +16.3% |
| 1979 | 11.4% | -25.7% |
| 1980 | 12.9% | +13.1% |
| 1981 | 15.2% | +18.2% |
| 1982 | 14.2% | -6.7% |
| 1983 | 18.1% | +27.8% |
| 1984 | 17.4% | -3.9% |
| 1985 | 19.3% | +11.0% |
| 1986 | 14.2% | -26.6% |
| 1987 | 15.8% | +11.2% |
| 1988 | 15.6% | -1.2% |
| 1989 | 15.6% | +0.1% |
| 1990 | 14.3% | -8.1% |
| 1991 | 7.7% | -46.0% |
| 1992 | 8.4% | +8.1% |
| 1993 | 8.8% | +5.7% |
| 1994 | 8.3% | -6.1% |
| 1995 | 8.9% | +7.1% |
| 1996 | 8.6% | -3.5% |
| 1997 | 10.1% | +18.0% |
| 1998 | 10.8% | +6.5% |
| 1999 | 11.7% | +9.0% |
| 2000 | 14.4% | +22.6% |
| 2001 | 16.4% | +13.7% |
| 2002 | 20.9% | +27.5% |
| 2003 | 24.5% | +17.5% |
| 2004 | 13.9% | -43.4% |
| 2005 | 16.1% | +15.6% |
| 2006 | 19.7% | +22.4% |
| 2007 | 20.7% | +5.1% |
| 2008 | 23.0% | +11.1% |
| 2009 | 25.1% | +9.2% |
| 2010 | 26.0% | +3.6% |
| 2011 | 29.8% | +14.7% |
| 2012 | 28.2% | -5.5% |
| 2013 | 29.6% | +5.0% |
| 2014 | 31.1% | +5.4% |
| 2017 | 30.2% | -3.0% |
| 2018 | 31.3% | +3.7% |
| 2019 | 35.8% | +14.3% |
| 2020 | 41.7% | +16.6% |
| 2021 | 45.5% | +9.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.1% | 6.9% | 7.8% | 4 |
| 1970s | 10.9% | 5.9% | 15.3% | 10 |
| 1980s | 15.8% | 12.9% | 19.3% | 10 |
| 1990s | 9.8% | 7.7% | 14.3% | 10 |
| 2000s | 19.5% | 13.9% | 25.1% | 10 |
| 2010s | 30.2% | 26.0% | 35.8% | 8 |
| 2020s | 43.6% | 41.7% | 45.5% | 2 |
Countries ranked near Gambia
More financial sector data for Gambia
- Net domestic credit (current LCU), per capita 23,409 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 26.87 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 11.48 % change on previous year (2024)
- Reserves excluding gold, foreign exchange 423.08 million SDR (2024)
- Reserves excluding gold 482.20 million SDR (2024)
- Total reserves (gold at market value) 482.20 million SDR (2024)
- Total reserves (gold at national valuation) 482.20 million SDR (2024)
- Total reserves (gold at national valuation) (SDR), per capita 174.71 SDR per person (2024)
- Total reserves (gold at national valuation) (SDR), annual growth rate 12.12 % change on previous year (2024)
- Total reserves (gold at market value) (SDR), per capita 174.71 SDR per person (2024)
Frequently asked questions
- What is bank deposits to gdp in Gambia?
- Bank deposits to gdp in Gambia was 45.5% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank deposits to gdp recorded in Gambia?
- The highest recorded value was 45.5% in 2021.
- What is the lowest bank deposits to gdp recorded in Gambia?
- The lowest recorded value was 5.9% in 1971.
- How does Gambia rank for bank deposits to gdp?
- Gambia ranks 114th out of 185 countries with data for 2021.
- Is bank deposits to gdp rising or falling in Gambia?
- Over the last ten years it is up 52.6%. The long-run trend across the full record is volatile.
- Where does this Gambia data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Bank deposits to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Demand, time and saving deposits in deposit money banks as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Bank deposits (IFS lines 24 and 25); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).