Current account balance (credit less debit), Percent of GDP (Balance) in Gambia
Gambia: Current account balance (credit less debit), Percent of GDP (Balance) was -4.11 in 2027. ▼ Falling
Current account balance (credit less debit), Percent of GDP (Balance) in Gambia, 2000–2027
Source: International Monetary Fund.
Analysis
The most recent figure for current account balance (credit less debit), percent of gdp (balance) in Gambia is -4.11, measured in 2027.
The figure is up 18.9% on the previous year and up 44.3% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp (balance) in Gambia peaked at -2.72 in 2004 and was at its lowest, -10.05, in 2010.
That places Gambia 28th out of 45 countries with data for 2027, putting it in the middle of the range.
The long-run direction has been consistently falling across the 28 years of available data.
Current account balance (credit less debit), Percent of GDP (Balance) in Gambia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -3.43 | — |
| 2001 | -3.3 | -4.0% |
| 2002 | -3.68 | +11.7% |
| 2003 | -4.63 | +25.6% |
| 2004 | -2.72 | -41.2% |
| 2005 | -6.28 | +131.0% |
| 2006 | -4.3 | -31.6% |
| 2007 | -5.18 | +20.6% |
| 2008 | -7.56 | +46.0% |
| 2009 | -7.78 | +2.9% |
| 2010 | -10.05 | +29.1% |
| 2011 | -7.44 | -26.0% |
| 2012 | -4.48 | -39.8% |
| 2013 | -6.74 | +50.5% |
| 2014 | -7.34 | +8.9% |
| 2015 | -9.89 | +34.7% |
| 2016 | -9.22 | -6.8% |
| 2017 | -7.37 | -20.0% |
| 2018 | -9.49 | +28.7% |
| 2019 | -6.15 | -35.2% |
| 2020 | -5.79 | -5.9% |
| 2021 | -4.18 | -27.7% |
| 2022 | -4.23 | +1.0% |
| 2023 | -5.43 | +28.4% |
| 2024 | -6.54 | +20.5% |
| 2025 | -4.95 | -24.4% |
| 2026 | -5.07 | +2.5% |
| 2027 | -4.11 | -18.9% |
Gambia compared with similar countries
- Gambia's -4.11 is below the median for Sub-Saharan Africa, which is -2.9, 1.4× the median. (45 countries reporting)
- Gambia's -4.11 is below the median for low income countries, which is -3.6, 1.1× the median. (19 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -4.89 | -7.78 | -2.72 | 10 |
| 2010s | -7.82 | -10.05 | -4.48 | 10 |
| 2020s | -5.04 | -6.54 | -4.11 | 8 |
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 current account balance (credit less debit), percent of gdp (balance) in Gambia?
- Current account balance (credit less debit), percent of gdp (balance) in Gambia was -4.11 in 2027, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), percent of gdp (balance) recorded in Gambia?
- The highest recorded value was -2.72 in 2004.
- What is the lowest current account balance (credit less debit), percent of gdp (balance) recorded in Gambia?
- The lowest recorded value was -10.05 in 2010.
- How does Gambia rank for current account balance (credit less debit), percent of gdp (balance)?
- Gambia ranks 28th out of 45 countries with data for 2027.
- Is current account balance (credit less debit), percent of gdp (balance) rising or falling in Gambia?
- Over the last ten years it is up 44.3%. The long-run trend across the full record is falling.
- Where does this Gambia data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Percent of GDP (Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6)). Statizoid updates them automatically from the source API.
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About this data
Sub-Saharan Africa Regional Economic Outlook (REO) provides information on recent economic developments and prospects for countries in sub-Saharan Africa. Data for the REO for sub-Saharan Africa are prepared in conjunction with the semi-annual World Economic Outlook (WEO) exercises, spring and fall.