Broad money growth in Gambia
Gambia: Broad money growth was 7.8% in 2024. ◆ Volatile
Broad money growth in Gambia, 1965–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual %.
Analysis
In 2024, broad money growth in Gambia stood at 7.8%.
That represents a change of down 15.6% on the previous year and down 13.1% over ten years.
Over the whole period, broad money growth in Gambia peaked at 51.3% in 1985 and was at its lowest, -12.1%, in 1977.
That places Gambia 104th out of 166 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Broad money growth in Gambia, year by year
| Year | annual % | Change |
|---|---|---|
| 1965 | 6.2% | — |
| 1966 | 13.1% | +111.6% |
| 1967 | 4.7% | -64.4% |
| 1968 | 8.2% | +75.2% |
| 1969 | 4.5% | -45.0% |
| 1970 | 15.6% | +248.2% |
| 1971 | 0.5% | -97.0% |
| 1972 | 39.0% | +8283.3% |
| 1973 | 42.2% | +8.4% |
| 1974 | 9.9% | -76.7% |
| 1975 | 13.4% | +35.9% |
| 1976 | 45.9% | +242.9% |
| 1977 | -12.1% | -126.4% |
| 1978 | 45.9% | -479.2% |
| 1979 | -8.4% | -118.2% |
| 1980 | 10.4% | -224.0% |
| 1981 | 20.9% | +101.9% |
| 1982 | 15.8% | -24.3% |
| 1983 | 26.7% | +68.8% |
| 1984 | 5.5% | -79.5% |
| 1985 | 51.3% | +837.0% |
| 1986 | 7.3% | -85.8% |
| 1987 | 24.6% | +238.6% |
| 1988 | 14.7% | -40.1% |
| 1989 | 20.8% | +41.0% |
| 1990 | 8.4% | -59.7% |
| 1991 | 25.7% | +206.7% |
| 1992 | 13.8% | -46.3% |
| 1993 | 12.8% | -7.6% |
| 1994 | -3.8% | -129.7% |
| 1995 | 14.2% | -475.5% |
| 1996 | 5.8% | -59.4% |
| 1997 | 23.0% | +297.5% |
| 1998 | 10.2% | -55.5% |
| 1999 | 12.1% | +18.5% |
| 2000 | 34.8% | +187.8% |
| 2001 | 19.4% | -44.2% |
| 2002 | 35.3% | +81.7% |
| 2003 | 42.7% | +21.2% |
| 2004 | 22.5% | -47.5% |
| 2005 | 8.0% | -64.1% |
| 2006 | 26.6% | +231.0% |
| 2007 | 6.8% | -74.6% |
| 2008 | 18.2% | +167.8% |
| 2009 | 14.8% | -18.3% |
| 2010 | 17.8% | +20.3% |
| 2011 | 11.2% | -37.2% |
| 2012 | 7.3% | -35.1% |
| 2013 | 14.6% | +101.1% |
| 2014 | 9.0% | -38.4% |
| 2018 | 18.2% | +102.7% |
| 2019 | 27.0% | +48.0% |
| 2020 | 22.5% | -16.7% |
| 2021 | 21.7% | -3.4% |
| 2022 | 7.7% | -64.4% |
| 2023 | 9.3% | +19.8% |
| 2024 | 7.8% | -15.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.3% | 4.5% | 13.1% | 5 |
| 1970s | 19.2% | -12.1% | 45.9% | 10 |
| 1980s | 19.8% | 5.5% | 51.3% | 10 |
| 1990s | 12.2% | -3.8% | 25.7% | 10 |
| 2000s | 22.9% | 6.8% | 42.7% | 10 |
| 2010s | 15.0% | 7.3% | 27.0% | 7 |
| 2020s | 13.8% | 7.7% | 22.5% | 5 |
Countries ranked near Gambia
- 101 Sri Lanka 8.3% compare
- 102 South Africa 8.2% compare
- 103 Bangladesh 8.1% compare
- 105 Philippines 7.8% compare
- 106 Macao 7.5% compare
- 107 Czechia 7.3% compare
More financial sector data for Gambia
- Total reserves in months of imports, annual growth rate -3.26 % change on previous year (2024)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2024)
- Total reserves in months of imports, per capita 0 units per person (2024)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 15.62 % change on previous year (2024)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1759 SDR per US$ of GDP (2024)
- Reserves excluding gold, foreign exchange (SDR), per capita 153.29 SDR per person (2024)
- Reserves excluding gold (SDR), annual growth rate 12.12 % change on previous year (2024)
- Reserves excluding gold (SDR), per capita 174.71 SDR per person (2024)
- Total reserves (gold at market value) (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 broad money growth in Gambia?
- Broad money growth in Gambia was 7.8% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money growth recorded in Gambia?
- The highest recorded value was 51.3% in 1985.
- What is the lowest broad money growth recorded in Gambia?
- The lowest recorded value was -12.1% in 1977.
- How does Gambia rank for broad money growth?
- Gambia ranks 104th out of 166 countries with data for 2024.
- Is broad money growth rising or falling in Gambia?
- Over the last ten years it is down 13.1%. The long-run trend across the full record is volatile.
- Where does this Gambia data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Broad money growth (annual %). Statizoid updates them automatically from the source API.
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About this data
Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.