Current account balance (credit less debit), Net (credits less) in Gambia
Gambia: Current account balance (credit less debit), Net (credits less) was -99.79 million in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Gambia, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, current account balance (credit less debit), net (credits less debits) in Gambia stood at -99.79 million.
Compared with earlier readings it is up 16.9% on the previous year and down 18.0% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Gambia peaked at 28.00 million in 2009 and was at its lowest, -135.05 million, in 2018.
Gambia ranks 94th of 198 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Net (credits less) in Gambia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -43.39 million | — |
| 2006 | -65.60 million | +51.2% |
| 2007 | -79.27 million | +20.8% |
| 2008 | -6.29 million | -92.1% |
| 2009 | 28.00 million | -545.3% |
| 2010 | 17.50 million | -37.5% |
| 2011 | -108.14 million | -718.0% |
| 2012 | -92.78 million | -14.2% |
| 2013 | -97.11 million | +4.7% |
| 2014 | -84.56 million | -12.9% |
| 2015 | -53.78 million | -36.4% |
| 2016 | -76.13 million | +41.6% |
| 2017 | -95.24 million | +25.1% |
| 2018 | -135.05 million | +41.8% |
| 2019 | -37.08 million | -72.5% |
| 2020 | -86.55 million | +133.4% |
| 2021 | -86.88 million | +0.4% |
| 2022 | -90.25 million | +3.9% |
| 2023 | -120.06 million | +33.0% |
| 2024 | -99.79 million | -16.9% |
Gambia compared with similar countries
- Gambia's -99.79 million is above the median for low income countries, which is -1.71 billion, 6% of the median. (20 countries reporting)
- Gambia's -99.79 million is above the median for Sub-Saharan Africa, which is -606.36 million, 16% of the median. (43 countries reporting)
Biggest year-on-year movements
Years where Current account balance (credit less debit), Net (credits less) in Gambia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2011 | -718.0% | 17.50 million | -108.14 million |
| 2009 | +545.3% | -6.29 million | 28.00 million |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -33.31 million | -79.27 million | 28.00 million | 5 |
| 2010s | -76.24 million | -135.05 million | 17.50 million | 10 |
| 2020s | -96.71 million | -120.06 million | -86.55 million | 5 |
Countries ranked near Gambia
- 91 Kiribati -59.54 million compare
- 92 Saint Lucia -64.12 million compare
- 93 Solomon Islands -66.23 million compare
- 95 Sint Maarten (Dutch part) -116.69 million compare
- 96 Vanuatu -127.43 million compare
- 97 Palau -134.25 million compare
More financial sector data for Gambia
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0049 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 4.54 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0036 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 3.31 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0049 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 4.54 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Gambia?
- Current account balance (credit less debit), net (credits less debits) in Gambia was -99.79 million in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Gambia?
- The highest recorded value was 28.00 million in 2009.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Gambia?
- The lowest recorded value was -135.05 million in 2018.
- How does Gambia rank for current account balance (credit less debit), net (credits less debits)?
- Gambia ranks 94th out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Gambia?
- Over the last ten years it is down 18.0%. The long-run trend across the full record is volatile.
- Where does this Gambia data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.