Domestic credit to private sector by banks in Gambia
Gambia: Domestic credit to private sector by banks was 9.1% in 2024. ◆ Volatile
Domestic credit to private sector by banks in Gambia, 1966–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, domestic credit to private sector by banks in Gambia stood at 9.1%.
Compared with earlier readings it is up 6.4% on the previous year and up 6.4% over ten years.
Over the whole period, domestic credit to private sector by banks in Gambia peaked at 24.9% in 1984 and was at its lowest, 3.5%, in 1992.
Gambia ranks 172nd of 187 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Domestic credit to private sector by banks in Gambia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1966 | 16.2% | — |
| 1967 | 16.6% | +3.0% |
| 1968 | 17.8% | +7.1% |
| 1969 | 17.2% | -3.3% |
| 1970 | 14.0% | -18.9% |
| 1971 | 13.4% | -3.9% |
| 1972 | 10.6% | -21.4% |
| 1973 | 16.4% | +55.0% |
| 1974 | 14.7% | -10.2% |
| 1975 | 11.0% | -25.0% |
| 1976 | 15.7% | +42.1% |
| 1977 | 17.0% | +8.3% |
| 1978 | 21.0% | +24.0% |
| 1979 | 21.2% | +0.9% |
| 1980 | 23.7% | +11.7% |
| 1981 | 24.0% | +1.1% |
| 1982 | 20.8% | -13.3% |
| 1983 | 24.4% | +17.4% |
| 1984 | 24.9% | +1.9% |
| 1985 | 24.2% | -2.9% |
| 1986 | 15.0% | -38.1% |
| 1987 | 11.8% | -21.1% |
| 1988 | 11.7% | -1.2% |
| 1989 | 10.7% | -7.9% |
| 1990 | 10.6% | -1.0% |
| 1991 | 5.0% | -53.1% |
| 1992 | 3.5% | -29.6% |
| 1993 | 5.3% | +49.9% |
| 1994 | 5.4% | +2.5% |
| 1995 | 4.6% | -15.3% |
| 1996 | 4.1% | -9.9% |
| 1997 | 5.2% | +26.1% |
| 1998 | 5.5% | +5.6% |
| 1999 | 6.4% | +16.3% |
| 2000 | 6.5% | +2.3% |
| 2001 | 8.1% | +24.3% |
| 2002 | 10.4% | +28.7% |
| 2003 | 11.6% | +11.1% |
| 2004 | 4.9% | -57.4% |
| 2005 | 5.7% | +16.5% |
| 2006 | 7.1% | +23.7% |
| 2007 | 7.4% | +4.5% |
| 2008 | 8.6% | +15.7% |
| 2009 | 9.0% | +5.3% |
| 2010 | 9.4% | +3.7% |
| 2011 | 10.3% | +9.3% |
| 2012 | 9.9% | -3.8% |
| 2013 | 9.8% | -0.9% |
| 2014 | 8.6% | -12.3% |
| 2017 | 5.4% | -36.5% |
| 2018 | 6.4% | +18.5% |
| 2019 | 7.7% | +18.7% |
| 2020 | 7.6% | -0.9% |
| 2021 | 8.4% | +10.3% |
| 2022 | 9.2% | +9.7% |
| 2023 | 8.6% | -6.6% |
| 2024 | 9.1% | +6.4% |
Gambia compared with similar countries
- Gambia's 9.1% is below the median for low income countries, which is 11.9%, 77% of the median. (24 countries reporting)
- Gambia's 9.1% is below the median for Sub-Saharan Africa, which is 15.6%, 58% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 17.0% | 16.2% | 17.8% | 4 |
| 1970s | 15.5% | 10.6% | 21.2% | 10 |
| 1980s | 19.1% | 10.7% | 24.9% | 10 |
| 1990s | 5.5% | 3.5% | 10.6% | 10 |
| 2000s | 7.9% | 4.9% | 11.6% | 10 |
| 2010s | 8.4% | 5.4% | 10.3% | 8 |
| 2020s | 8.6% | 7.6% | 9.2% | 5 |
Countries ranked near Gambia
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 domestic credit to private sector by banks in Gambia?
- Domestic credit to private sector by banks in Gambia was 9.1% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Gambia?
- The highest recorded value was 24.9% in 1984.
- What is the lowest domestic credit to private sector by banks recorded in Gambia?
- The lowest recorded value was 3.5% in 1992.
- How does Gambia rank for domestic credit to private sector by banks?
- Gambia ranks 172nd out of 187 countries with data for 2024.
- Is domestic credit to private sector by banks rising or falling in Gambia?
- Over the last ten years it is up 6.4%. 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 Domestic credit to private sector by banks (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.