Current account balance as a proportion of GDP (%) in Gambia
Gambia: Current account balance as a proportion of GDP (%) was -4.1% in 2024. ◆ Volatile
Current account balance as a proportion of GDP in Gambia, 2003–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, current account balance as a proportion of gdp in Gambia stood at -4.1%.
Compared with earlier readings it is up 17.7% on the previous year and up 39.7% over ten years.
Over the whole period, current account balance as a proportion of gdp in Gambia peaked at 1.9% in 2009 and was at its lowest, -8.1%, in 2018.
That places Gambia 140th out of 205 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP (%) in Gambia, year by year
| Year | % | Change |
|---|---|---|
| 2003 | 0.5% | — |
| 2004 | -3.2% | -682.5% |
| 2005 | -4.2% | +33.9% |
| 2006 | -6.2% | +47.4% |
| 2007 | -6.2% | -0.5% |
| 2008 | -0.4% | -93.5% |
| 2009 | 1.9% | -579.6% |
| 2010 | 1.1% | -41.3% |
| 2011 | -7.7% | -776.5% |
| 2012 | -6.6% | -14.5% |
| 2013 | -7.1% | +7.7% |
| 2014 | -6.9% | -2.6% |
| 2015 | -3.9% | -43.3% |
| 2016 | -5.1% | +31.4% |
| 2017 | -6.3% | +23.4% |
| 2018 | -8.1% | +27.7% |
| 2019 | -2.0% | -74.7% |
| 2020 | -4.8% | +133.6% |
| 2021 | -4.3% | -9.7% |
| 2022 | -4.1% | -5.1% |
| 2023 | -5.0% | +23.1% |
| 2024 | -4.1% | -17.7% |
Gambia compared with similar countries
- Gambia's -4.1% is above the median for low income countries, which is -7.7%, 54% of the median. (19 countries reporting)
- Gambia's -4.1% is below the median for Sub-Saharan Africa, which is -4.1%, 1.0× the median. (40 countries reporting)
Biggest year-on-year movements
Years where Current account balance as a proportion of GDP (%) 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 |
|---|---|---|---|
| 2011 | -776.5% | 1.1% | -7.7% |
| 2004 | -682.5% | 0.5% | -3.2% |
| 2009 | +579.6% | -0.4% | 1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -2.5% | -6.2% | 1.9% | 7 |
| 2010s | -5.3% | -8.1% | 1.1% | 10 |
| 2020s | -4.5% | -5.0% | -4.1% | 5 |
Countries ranked near Gambia
- 137 Philippines -4.0% compare
- 138 United States -4.1% compare
- 139 Cameroon -4.1% compare
- 141 Solomon Islands -4.2% compare
- 142 Botswana -4.2% compare
- 143 Honduras -4.4% compare
More economy & growth data for Gambia
- Real gdp growth, annual growth rate 7.72 % change on previous year (2023)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.69 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.02 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 50.95 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0378 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 34.71 units per person (2025)
- SDRs holdings, SDR, annual growth rate 43.74 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0276 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 25.35 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Gambia?
- Current account balance as a proportion of gdp in Gambia was -4.1% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Gambia?
- The highest recorded value was 1.9% in 2009.
- What is the lowest current account balance as a proportion of gdp recorded in Gambia?
- The lowest recorded value was -8.1% in 2018.
- How does Gambia rank for current account balance as a proportion of gdp?
- Gambia ranks 140th out of 205 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Gambia?
- Over the last ten years it is up 39.7%. The long-run trend across the full record is volatile.
- Where does this Gambia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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