Private credit by deposit money banks and other financial in Gambia
Gambia: Private credit by deposit money banks and other financial was 8.2% in 2021. ◆ Volatile
Private credit by deposit money banks and other financial in Gambia, 1966–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for private credit by deposit money banks and other financial in Gambia is 8.2%, measured in 2021.
The figure is up 9.8% on the previous year and down 25.0% over ten years.
Over the whole period, private credit by deposit money banks and other financial in Gambia peaked at 24.9% in 1984 and was at its lowest, 3.5%, in 1992.
That places Gambia 177th out of 187 countries with data for 2021, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Private credit by deposit money banks and other financial in Gambia, year by year
| Year | % | Change |
|---|---|---|
| 1966 | 16.2% | — |
| 1967 | 16.6% | +3.0% |
| 1968 | 17.8% | +7.1% |
| 1969 | 17.2% | -3.3% |
| 1970 | 14.0% | -18.9% |
| 1971 | 13.4% | -3.9% |
| 1972 | 10.6% | -21.4% |
| 1973 | 16.4% | +55.0% |
| 1974 | 14.7% | -10.2% |
| 1975 | 11.0% | -25.0% |
| 1976 | 15.7% | +42.1% |
| 1977 | 17.0% | +8.3% |
| 1978 | 21.0% | +24.0% |
| 1979 | 21.2% | +0.9% |
| 1980 | 23.7% | +11.7% |
| 1981 | 24.0% | +1.1% |
| 1982 | 20.8% | -13.3% |
| 1983 | 24.4% | +17.4% |
| 1984 | 24.9% | +1.9% |
| 1985 | 24.2% | -2.9% |
| 1986 | 15.0% | -38.1% |
| 1987 | 11.8% | -21.1% |
| 1988 | 11.7% | -1.2% |
| 1989 | 10.7% | -7.9% |
| 1990 | 10.6% | -1.0% |
| 1991 | 5.0% | -53.1% |
| 1992 | 3.5% | -29.6% |
| 1993 | 5.3% | +49.9% |
| 1994 | 5.4% | +2.5% |
| 1995 | 4.6% | -15.3% |
| 1996 | 4.1% | -9.9% |
| 1997 | 5.2% | +26.1% |
| 1998 | 5.5% | +5.6% |
| 1999 | 6.4% | +16.3% |
| 2000 | 6.5% | +2.3% |
| 2001 | 8.1% | +24.3% |
| 2002 | 10.4% | +29.0% |
| 2003 | 11.6% | +10.9% |
| 2004 | 4.9% | -57.4% |
| 2005 | 5.7% | +16.5% |
| 2006 | 7.4% | +29.3% |
| 2007 | 8.1% | +8.3% |
| 2008 | 9.0% | +11.7% |
| 2009 | 9.4% | +5.0% |
| 2010 | 9.7% | +2.7% |
| 2011 | 11.0% | +13.4% |
| 2012 | 9.9% | -10.3% |
| 2013 | 9.8% | -0.9% |
| 2014 | 8.6% | -12.3% |
| 2017 | 5.4% | -36.5% |
| 2018 | 6.4% | +18.5% |
| 2019 | 7.7% | +18.7% |
| 2020 | 7.5% | -1.9% |
| 2021 | 8.2% | +9.8% |
Gambia compared with similar countries
- Gambia's 8.2% is below the median for low income countries, which is 13.8%, 60% of the median. (23 countries reporting)
- Gambia's 8.2% is below the median for Sub-Saharan Africa, which is 15.4%, 54% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 17.0% | 16.2% | 17.8% | 4 |
| 1970s | 15.5% | 10.6% | 21.2% | 10 |
| 1980s | 19.1% | 10.7% | 24.9% | 10 |
| 1990s | 5.5% | 3.5% | 10.6% | 10 |
| 2000s | 8.1% | 4.9% | 11.6% | 10 |
| 2010s | 8.6% | 5.4% | 11.0% | 8 |
| 2020s | 7.9% | 7.5% | 8.2% | 2 |
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 private credit by deposit money banks and other financial in Gambia?
- Private credit by deposit money banks and other financial in Gambia was 8.2% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks and other financial recorded in Gambia?
- The highest recorded value was 24.9% in 1984.
- What is the lowest private credit by deposit money banks and other financial recorded in Gambia?
- The lowest recorded value was 3.5% in 1992.
- How does Gambia rank for private credit by deposit money banks and other financial?
- Gambia ranks 177th out of 187 countries with data for 2021.
- Is private credit by deposit money banks and other financial rising or falling in Gambia?
- Over the last ten years it is down 25.0%. The long-run trend across the full record is volatile.
- Where does this Gambia data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Private credit by deposit money banks and other financial institutions to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks and other financial institutions (IFS lines 22d and 42d); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF)