Domestic credit to private sector in Gambia
Gambia: Domestic credit to private sector was 8.1% in 2020. ◆ Volatile
Domestic credit to private sector in Gambia, 1966–2020
Source: World Development Indicators (WDI), World Bank. Measured in % of GDP.
Analysis
Gambia recorded 8.1% for domestic credit to private sector in 2020.
The figure is down 1.6% on the previous year and down 15.0% over ten years.
Over the whole period, domestic credit to private sector in Gambia peaked at 25.1% in 1984 and was at its lowest, 3.7%, in 1992.
Gambia ranks 180th 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 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 | 16.4% | -4.9% |
| 1971 | 17.4% | +6.2% |
| 1972 | 13.1% | -24.9% |
| 1973 | 16.4% | +25.2% |
| 1974 | 14.7% | -10.2% |
| 1975 | 11.0% | -25.0% |
| 1976 | 15.7% | +42.1% |
| 1977 | 17.0% | +8.3% |
| 1978 | 21.1% | +24.5% |
| 1979 | 21.3% | +1.1% |
| 1980 | 23.9% | +11.8% |
| 1981 | 24.2% | +1.3% |
| 1982 | 21.1% | -12.8% |
| 1983 | 24.7% | +17.1% |
| 1984 | 25.1% | +1.8% |
| 1985 | 24.3% | -3.1% |
| 1986 | 15.1% | -38.0% |
| 1987 | 12.0% | -20.7% |
| 1988 | 11.8% | -1.2% |
| 1989 | 11.0% | -6.8% |
| 1990 | 11.0% | -0.2% |
| 1991 | 5.2% | -52.9% |
| 1992 | 3.7% | -28.0% |
| 1993 | 5.5% | +46.9% |
| 1994 | 5.6% | +2.7% |
| 1995 | 4.8% | -14.0% |
| 1996 | 4.4% | -9.6% |
| 1997 | 5.4% | +24.5% |
| 1998 | 5.7% | +4.9% |
| 1999 | 6.6% | +15.7% |
| 2000 | 6.7% | +2.0% |
| 2001 | 8.3% | +23.4% |
| 2002 | 10.7% | +28.5% |
| 2003 | 11.8% | +10.0% |
| 2004 | 5.0% | -57.2% |
| 2005 | 5.9% | +16.3% |
| 2006 | 7.2% | +23.3% |
| 2007 | 7.5% | +4.7% |
| 2008 | 8.7% | +15.7% |
| 2009 | 9.2% | +5.0% |
| 2010 | 9.5% | +3.5% |
| 2011 | 10.4% | +9.7% |
| 2012 | 10.1% | -3.2% |
| 2013 | 10.0% | -1.0% |
| 2014 | 8.8% | -11.5% |
| 2017 | 6.1% | -31.0% |
| 2018 | 7.1% | +15.8% |
| 2019 | 8.2% | +16.3% |
| 2020 | 8.1% | -1.6% |
Gambia compared with similar countries
- Gambia's 8.1% is below the median for low income countries, which is 15.1%, 53% of the median. (24 countries reporting)
- Gambia's 8.1% is below the median for Sub-Saharan Africa, which is 16.1%, 50% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 17.0% | 16.2% | 17.8% | 4 |
| 1970s | 16.4% | 11.0% | 21.3% | 10 |
| 1980s | 19.3% | 11.0% | 25.1% | 10 |
| 1990s | 5.8% | 3.7% | 11.0% | 10 |
| 2000s | 8.1% | 5.0% | 11.8% | 10 |
| 2010s | 8.8% | 6.1% | 10.4% | 8 |
| 2020s | 8.1% | 8.1% | 8.1% | 1 |
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 in Gambia?
- Domestic credit to private sector in Gambia was 8.1% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest domestic credit to private sector recorded in Gambia?
- The highest recorded value was 25.1% in 1984.
- What is the lowest domestic credit to private sector recorded in Gambia?
- The lowest recorded value was 3.7% in 1992.
- How does Gambia rank for domestic credit to private sector?
- Gambia ranks 180th out of 187 countries with data for 2020.
- Is domestic credit to private sector rising or falling in Gambia?
- Over the last ten years it is down 15.0%. The long-run trend across the full record is volatile.
- Where does this Gambia data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Domestic credit to private sector refers to financial resources provided to the private sector, 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.