Monetary Sector credit to private sector in Gambia
Gambia: Monetary Sector credit to private sector was 9.4% in 2024. ▼ Falling
Monetary Sector credit to private sector in Gambia, 1966–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % GDP.
Analysis
In 2024, monetary sector credit to private sector in Gambia stood at 9.4%.
That represents a change of up 7.8% on the previous year and up 6.5% over ten years.
Over the whole period, monetary sector credit to private sector in Gambia peaked at 25.1% in 1984 and was at its lowest, 3.7%, in 1992.
Gambia ranks 172nd of 187 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 57 years of available data.
Monetary Sector credit to private sector in Gambia, year by year
| Year | % 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 | 8.2% | -0.6% |
| 2021 | 8.9% | +8.9% |
| 2022 | 9.6% | +8.4% |
| 2023 | 8.7% | -9.3% |
| 2024 | 9.4% | +7.8% |
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 | 9.0% | 8.2% | 9.6% | 5 |
Countries ranked near Gambia
More financial sector data for Gambia
- Net domestic credit (current LCU), per capita 23,409 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 26.87 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 11.48 % change on previous year (2024)
- Reserves excluding gold, foreign exchange 423.08 million SDR (2024)
- Reserves excluding gold 482.20 million SDR (2024)
- Total reserves (gold at market value) 482.20 million SDR (2024)
- Total reserves (gold at national valuation) 482.20 million SDR (2024)
- Total reserves (gold at national valuation) (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 market value) (SDR), per capita 174.71 SDR per person (2024)
Frequently asked questions
- What is monetary sector credit to private sector in Gambia?
- Monetary sector credit to private sector in Gambia was 9.4% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest monetary sector credit to private sector recorded in Gambia?
- The highest recorded value was 25.1% in 1984.
- What is the lowest monetary sector credit to private sector recorded in Gambia?
- The lowest recorded value was 3.7% in 1992.
- How does Gambia rank for monetary sector credit to private sector?
- Gambia ranks 172nd out of 187 countries with data for 2024.
- Is monetary sector credit to private sector rising or falling in Gambia?
- Over the last ten years it is up 6.5%. The long-run trend across the full record is falling.
- Where does this Gambia data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Monetary Sector credit to private sector (% GDP). Statizoid updates them automatically from the source API.
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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. 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.