Financial Development Index in Gambia
Gambia: Financial Development Index was 0.0935 in 2020. ▼ Falling
Financial Development Index in Gambia, 1980–2020
Source: International Monetary Fund.
Analysis
Gambia recorded 0.0935 for financial development index in 2020.
Compared with earlier readings it is up 0.7% on the previous year and up 8.9% over ten years.
Over the whole period, financial development index in Gambia peaked at 0.1133 in 1985 and was at its lowest, 0.0693, in 2007.
Gambia ranks 168th of 183 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 41 years of available data.
Financial Development Index in Gambia, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.1019 | — |
| 1981 | 0.099 | -2.9% |
| 1982 | 0.0862 | -12.9% |
| 1983 | 0.1002 | +16.2% |
| 1984 | 0.1089 | +8.7% |
| 1985 | 0.1133 | +4.0% |
| 1986 | 0.1047 | -7.5% |
| 1987 | 0.099 | -5.5% |
| 1988 | 0.0862 | -12.9% |
| 1989 | 0.0891 | +3.3% |
| 1990 | 0.0816 | -8.4% |
| 1991 | 0.089 | +9.1% |
| 1992 | 0.0907 | +1.9% |
| 1993 | 0.0925 | +2.0% |
| 1994 | 0.0964 | +4.2% |
| 1995 | 0.0944 | -2.1% |
| 1996 | 0.0913 | -3.2% |
| 1997 | 0.095 | +4.0% |
| 1998 | 0.0957 | +0.8% |
| 1999 | 0.0828 | -13.5% |
| 2000 | 0.0955 | +15.4% |
| 2001 | 0.096 | +0.5% |
| 2002 | 0.094 | -2.1% |
| 2003 | 0.0844 | -10.2% |
| 2004 | 0.0759 | -10.1% |
| 2005 | 0.0734 | -3.3% |
| 2006 | 0.0733 | -0.1% |
| 2007 | 0.0693 | -5.5% |
| 2008 | 0.0825 | +19.1% |
| 2009 | 0.0805 | -2.5% |
| 2010 | 0.0859 | +6.7% |
| 2011 | 0.0893 | +3.9% |
| 2012 | 0.0972 | +8.8% |
| 2013 | 0.0959 | -1.3% |
| 2014 | 0.0969 | +1.1% |
| 2015 | 0.0926 | -4.5% |
| 2016 | 0.0833 | -10.0% |
| 2017 | 0.0697 | -16.3% |
| 2018 | 0.0865 | +24.2% |
| 2019 | 0.0929 | +7.4% |
| 2020 | 0.0935 | +0.7% |
Gambia compared with similar countries
- Gambia's 0.0935 is below the median for low income countries, which is 0.0993, 94% of the median. (22 countries reporting)
- Gambia's 0.0935 is below the median for Sub-Saharan Africa, which is 0.1219, 77% of the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.0989 | 0.0862 | 0.1133 | 10 |
| 1990s | 0.0909 | 0.0816 | 0.0964 | 10 |
| 2000s | 0.0825 | 0.0693 | 0.096 | 10 |
| 2010s | 0.089 | 0.0697 | 0.0972 | 10 |
| 2020s | 0.0935 | 0.0935 | 0.0935 | 1 |
Countries ranked near Gambia
- 165 Marshall Islands 0.0966 compare
- 166 Malawi 0.0954 compare
- 167 Sudan 0.0947 compare
- 169 Solomon Islands 0.0929 compare
- 170 Haiti 0.0926 compare
- 171 Guinea-Bissau 0.0913 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 financial development index in Gambia?
- Financial development index in Gambia was 0.0935 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in Gambia?
- The highest recorded value was 0.1133 in 1985.
- What is the lowest financial development index recorded in Gambia?
- The lowest recorded value was 0.0693 in 2007.
- How does Gambia rank for financial development index?
- Gambia ranks 168th out of 183 countries with data for 2020.
- Is financial development index rising or falling in Gambia?
- Over the last ten years it is up 8.9%. 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 Financial Development Index. Statizoid updates them automatically from the source API.
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About this data
The dataset contains nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are aggregated into an overall index of financial development. With the coverage of over 180 countries on annual frequency from 1980 onwards, the database should offer a useful analytical tool for researchers and policy makers.