Remittance inflows to GDP in Gambia
Gambia: Remittance inflows to GDP was 22.8% in 2020. ◆ Volatile
Remittance inflows to GDP in Gambia, 1978–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
In 2020, remittance inflows to gdp in Gambia stood at 22.8%. That is the highest value across all 24 years on record.
That represents a change of up 49.6% on the previous year and up 203.5% over ten years.
Over the whole period, remittance inflows to gdp in Gambia peaked at 22.8% in 2020 and was at its lowest, 0.1%, in 1982.
That places Gambia 12th out of 197 countries with data for 2020, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.2% | 0.2% | 0.2% | 2 |
| 1980s | 0.2% | 0.1% | 0.3% | 4 |
| 2000s | 6.2% | 4.1% | 11.1% | 7 |
| 2010s | 10.0% | 6.5% | 15.2% | 10 |
| 2020s | 22.8% | 22.8% | 22.8% | 1 |
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 remittance inflows to gdp in Gambia?
- Remittance inflows to gdp in Gambia was 22.8% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Gambia?
- The highest recorded value was 22.8% in 2020.
- What is the lowest remittance inflows to gdp recorded in Gambia?
- The lowest recorded value was 0.1% in 1982.
- How does Gambia rank for remittance inflows to gdp?
- Gambia ranks 12th out of 197 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Gambia?
- Over the last ten years it is up 203.5%. The long-run trend across the full record is volatile.
- Where does this Gambia data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
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CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.