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 139th out of 204 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% |
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
- 136 Philippines -4.0% compare
- 137 United States of America -4.1% compare
- 138 Cameroon -4.1% compare
- 140 Solomon Islands -4.2% compare
- 141 Botswana -4.2% compare
- 142 Honduras -4.4% compare
More economy & growth data for Gambia
- 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)
- Total reserves minus gold (current US$), annual growth rate 8.98 % change on previous year (2024)
- Total reserves minus gold (current US$), per unit of GDP 0.2615 current US$ per US$ of GDP (2024)
- Total reserves minus gold (current US$), per capita 227.84 current US$ per person (2024)
- General government final consumption expenditure (current US$) 15.4 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.1022 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 93.92 current US$ per person (2025)
- General government final consumption expenditure (current LCU) 22.25 % change on previous year (2025)
- General government final consumption expenditure (current LCU), per 7.33 current LCU per US$ of GDP (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 139th out of 204 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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