Current account balance (credit less debit), Net (credits less debits) in Gambia
Gambia: Current account balance (credit less debit), Net (credits less debits) 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 debits) 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% |
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
- Total reserves (gold at national valuation) (SDR), annual growth rate 12.12 % change on previous year (2024)
- Total reserves (gold at national valuation) (SDR), per capita 174.71 SDR per person (2024)
- 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)
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.