Goods balance (credit less debit), Net (credits less debits) in Gambia
Gambia: Goods balance (credit less debit), Net (credits less debits) was -1.03 billion in 2024. ◆ Volatile
Goods balance (credit less debit), Net (credits less debits) in Gambia, 2005–2024
Source: International Monetary Fund.
Analysis
Gambia recorded -1.03 billion for goods balance (credit less debit), net (credits less debits) in 2024. That is the lowest value across all 20 years on record.
Compared with earlier readings it is down 16.8% on the previous year and down 396.2% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in Gambia peaked at -68.71 million in 2008 and was at its lowest, -1.03 billion, in 2024.
Gambia ranks 108th 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.
Goods balance (credit less debit), Net (credits less debits) in Gambia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -118.28 million | — |
| 2006 | -113.35 million | -4.2% |
| 2007 | -145.24 million | +28.1% |
| 2008 | -68.71 million | -52.7% |
| 2009 | -85.75 million | +24.8% |
| 2010 | -105.84 million | +23.4% |
| 2011 | -178.50 million | +68.7% |
| 2012 | -200.09 million | +12.1% |
| 2013 | -166.88 million | -16.6% |
| 2014 | -206.56 million | +23.8% |
| 2015 | -226.87 million | +9.8% |
| 2016 | -219.30 million | -3.3% |
| 2017 | -330.57 million | +50.7% |
| 2018 | -421.36 million | +27.5% |
| 2019 | -378.01 million | -10.3% |
| 2020 | -511.76 million | +35.4% |
| 2021 | -574.51 million | +12.3% |
| 2022 | -642.38 million | +11.8% |
| 2023 | -877.38 million | +36.6% |
| 2024 | -1.03 billion | +16.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -106.27 million | -145.24 million | -68.71 million | 5 |
| 2010s | -243.40 million | -421.36 million | -105.84 million | 10 |
| 2020s | -726.21 million | -1.03 billion | -511.76 million | 5 |
Countries ranked near Gambia
More financial sector data for Gambia
- 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)
- Total reserves (gold at market value) (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)
- 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)
Frequently asked questions
- What is goods balance (credit less debit), net (credits less debits) in Gambia?
- Goods balance (credit less debit), net (credits less debits) in Gambia was -1.03 billion in 2024, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in Gambia?
- The highest recorded value was -68.71 million in 2008.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in Gambia?
- The lowest recorded value was -1.03 billion in 2024.
- How does Gambia rank for goods balance (credit less debit), net (credits less debits)?
- Gambia ranks 108th out of 198 countries with data for 2024.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in Gambia?
- Over the last ten years it is down 396.2%. 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 Goods 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.