Current account balance as a share of GDP in Gambia
Gambia: Current account balance as a share of GDP was -4.2% in 2024. ◆ Volatile
Current account balance as a share of GDP in Gambia, 2003–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
In 2024, current account balance as a share of gdp in Gambia stood at -4.2%.
The figure is up 17.7% on the previous year and up 39.7% over ten years.
Over the whole period, current account balance as a share of gdp in Gambia peaked at 1.9% in 2009 and was at its lowest, -8.1%, in 2018.
That places Gambia 133rd out of 193 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 share of GDP in Gambia, year by year
| Year | % | Change |
|---|---|---|
| 2003 | 0.5% | — |
| 2004 | -3.1% | -683.3% |
| 2005 | -4.2% | +34.0% |
| 2006 | -6.2% | +47.4% |
| 2007 | -6.2% | -0.5% |
| 2008 | -0.4% | -93.5% |
| 2009 | 1.9% | -582.5% |
| 2010 | 1.1% | -41.5% |
| 2011 | -7.7% | -778.8% |
| 2012 | -6.6% | -14.5% |
| 2013 | -7.1% | +7.6% |
| 2014 | -6.9% | -2.5% |
| 2015 | -3.9% | -43.3% |
| 2016 | -5.1% | +31.5% |
| 2017 | -6.3% | +23.4% |
| 2018 | -8.1% | +27.6% |
| 2019 | -2.0% | -74.8% |
| 2020 | -4.8% | +134.3% |
| 2021 | -4.3% | -9.8% |
| 2022 | -4.1% | -5.1% |
| 2023 | -5.0% | +23.2% |
| 2024 | -4.2% | -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
- 130 Philippines -4.0% compare
- 131 United States of America -4.1% compare
- 132 Cameroon -4.1% compare
- 134 Solomon Islands -4.2% compare
- 135 Botswana -4.2% compare
- 136 Honduras -4.5% 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)
- Imports of goods and services (constant 2015 US$), annual growth rate 4.3 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.3373 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 309.98 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth -60.47 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth -69.99 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 33.33 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 17.11 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 15,724 current LCU per person (2025)
Frequently asked questions
- What is current account balance as a share of gdp in Gambia?
- Current account balance as a share of gdp in Gambia was -4.2% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in Gambia?
- The highest recorded value was 1.9% in 2009.
- What is the lowest current account balance as a share of gdp recorded in Gambia?
- The lowest recorded value was -8.1% in 2018.
- How does Gambia rank for current account balance as a share of gdp?
- Gambia ranks 133rd out of 193 countries with data for 2024.
- Is current account balance as a share 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 International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Current account balance as a proportion of GDP (%).