Goods balance (credit less debit), Percent of GDP (Balance of) in Gambia
Gambia: Goods balance (credit less debit), Percent of GDP (Balance of) was -40.55 in 2027. ◆ Volatile
Goods balance (credit less debit), Percent of GDP (Balance of) in Gambia, 2000–2027
Source: International Monetary Fund.
Analysis
Gambia recorded -40.55 for goods balance (credit less debit), percent of gdp (balance of) in 2027.
That represents a change of up 1.7% on the previous year and down 74.1% over ten years.
Over the whole period, goods balance (credit less debit), percent of gdp (balance of) in Gambia peaked at -2.82 in 2001 and was at its lowest, -42.66, in 2024.
Gambia ranks 45th of 45 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Goods balance (credit less debit), Percent of GDP (Balance of) in Gambia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -3.58 | — |
| 2001 | -2.82 | -21.2% |
| 2002 | -4.26 | +51.1% |
| 2003 | -4.39 | +2.9% |
| 2004 | -11.01 | +151.1% |
| 2005 | -13.87 | +25.9% |
| 2006 | -13.1 | -5.5% |
| 2007 | -13.4 | +2.3% |
| 2008 | -14.17 | +5.7% |
| 2009 | -13.91 | -1.9% |
| 2010 | -14.03 | +0.9% |
| 2011 | -13.53 | -3.6% |
| 2012 | -14.18 | +4.8% |
| 2013 | -12.5 | -11.9% |
| 2014 | -17.2 | +37.7% |
| 2015 | -19.33 | +12.4% |
| 2016 | -15.07 | -22.1% |
| 2017 | -23.29 | +54.6% |
| 2018 | -24.37 | +4.6% |
| 2019 | -25.11 | +3.1% |
| 2020 | -29.86 | +18.9% |
| 2021 | -28.1 | -5.9% |
| 2022 | -30.08 | +7.1% |
| 2023 | -37.95 | +26.1% |
| 2024 | -42.66 | +12.4% |
| 2025 | -41.69 | -2.3% |
| 2026 | -41.27 | -1.0% |
| 2027 | -40.55 | -1.7% |
Gambia compared with similar countries
- Gambia's -40.55 is below the median for Sub-Saharan Africa, which is -2.52, 16.1× the median. (45 countries reporting)
- Gambia's -40.55 is below the median for low income countries, which is -2.52, 16.1× the median. (19 countries reporting)
Biggest year-on-year movements
Years where Goods balance (credit less debit), Percent of GDP (Balance of) in Gambia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2004 | -151.1% | -4.39 | -11.01 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -9.45 | -14.17 | -2.82 | 10 |
| 2010s | -17.86 | -25.11 | -12.5 | 10 |
| 2020s | -36.52 | -42.66 | -28.1 | 8 |
Countries ranked near Gambia
- 42 Lesotho -31.21 compare
- 43 Cape Verde -33.89 compare
- 44 Seychelles -40.17 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 goods balance (credit less debit), percent of gdp (balance of) in Gambia?
- Goods balance (credit less debit), percent of gdp (balance of) in Gambia was -40.55 in 2027, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), percent of gdp (balance of) recorded in Gambia?
- The highest recorded value was -2.82 in 2001.
- What is the lowest goods balance (credit less debit), percent of gdp (balance of) recorded in Gambia?
- The lowest recorded value was -42.66 in 2024.
- How does Gambia rank for goods balance (credit less debit), percent of gdp (balance of)?
- Gambia ranks 45th out of 45 countries with data for 2027.
- Is goods balance (credit less debit), percent of gdp (balance of) rising or falling in Gambia?
- Over the last ten years it is down 74.1%. 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), 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.