Services balance (credit less debit), Net (credits less debits) (US) in Gambia
Gambia: Services balance (credit less debit), Net (credits less debits) (US) was 323.63 million in 2024. ◆ Volatile
Services balance (credit less debit), Net (credits less debits) in Gambia, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, services balance (credit less debit), net (credits less debits) in Gambia stood at 323.63 million. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 33.9% on the previous year and up 1,068.7% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Gambia peaked at 323.63 million in 2024 and was at its lowest, -9.07 million, in 2021.
Gambia ranks 85th of 197 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.
Services balance (credit less debit), Net (credits less debits) (US) in Gambia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 35.33 million | — |
| 2006 | -2.00 million | -105.6% |
| 2007 | 36.97 million | -1952.4% |
| 2008 | 27.91 million | -24.5% |
| 2009 | 18.50 million | -33.7% |
| 2010 | 53.79 million | +190.7% |
| 2011 | 59.60 million | +10.8% |
| 2012 | 75.37 million | +26.4% |
| 2013 | 64.19 million | -14.8% |
| 2014 | 27.69 million | -56.9% |
| 2015 | 42.45 million | +53.3% |
| 2016 | 34.11 million | -19.6% |
| 2017 | 48.06 million | +40.9% |
| 2018 | 92.15 million | +91.8% |
| 2019 | 97.67 million | +6.0% |
| 2020 | -3.54 million | -103.6% |
| 2021 | -9.07 million | +156.4% |
| 2022 | 80.24 million | -984.5% |
| 2023 | 241.69 million | +201.2% |
| 2024 | 323.63 million | +33.9% |
Gambia compared with similar countries
- Gambia's 323.63 million is above the median for low income countries, which is -384.30 million. (20 countries reporting)
- Gambia's 323.63 million is above the median for Sub-Saharan Africa, which is -399.59 million. (43 countries reporting)
Biggest year-on-year movements
Years where Services balance (credit less debit), Net (credits less debits) (US) 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 |
|---|---|---|---|
| 2007 | +1952.4% | -2.00 million | 36.97 million |
| 2022 | +984.5% | -9.07 million | 80.24 million |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 23.34 million | -2.00 million | 36.97 million | 5 |
| 2010s | 59.51 million | 27.69 million | 97.67 million | 10 |
| 2020s | 126.59 million | -9.07 million | 323.63 million | 5 |
Countries ranked near Gambia
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 services balance (credit less debit), net (credits less debits) in Gambia?
- Services balance (credit less debit), net (credits less debits) in Gambia was 323.63 million in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Gambia?
- The highest recorded value was 323.63 million in 2024.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Gambia?
- The lowest recorded value was -9.07 million in 2021.
- How does Gambia rank for services balance (credit less debit), net (credits less debits)?
- Gambia ranks 85th out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Gambia?
- Over the last ten years it is up 1,068.7%. 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 Services 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.