Debt service as a proportion of exports of goods, services and in Gambia
Gambia: Debt service as a proportion of exports of goods, services and was 7.5% in 2023. ▲ Rising
Latest (2023)
7.5%
Change on year
down 47.3%
World rank
65th
of 125 countries
All-time high
28.7%
in 2021
All-time low
5.1%
in 2008
Years of data
21
2003–2023
Debt service as a proportion of exports of goods, services and in Gambia, 2003–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Gambia recorded 7.5% for debt service as a proportion of exports of goods, services and in 2023.
Compared with earlier readings it is down 47.3% on the previous year and down 34.8% over ten years.
Over the whole period, debt service as a proportion of exports of goods, services and in Gambia peaked at 28.7% in 2021 and was at its lowest, 5.1%, in 2008.
That places Gambia 65th out of 125 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 21 years of available data.
Debt service as a proportion of exports of goods, services and in Gambia, year by year
| Year | Value | Change |
|---|---|---|
| 2003 | 14.5% | — |
| 2004 | 20.5% | +41.3% |
| 2005 | 14.6% | -28.7% |
| 2006 | 14.3% | -2.2% |
| 2007 | 13.0% | -9.1% |
| 2008 | 5.1% | -60.7% |
| 2009 | 6.7% | +31.7% |
| 2010 | 8.8% | +30.4% |
| 2011 | 10.5% | +19.9% |
| 2012 | 9.6% | -8.7% |
| 2013 | 11.4% | +18.9% |
| 2014 | 17.9% | +56.5% |
| 2015 | 18.6% | +3.8% |
| 2016 | 22.9% | +23.6% |
| 2017 | 15.3% | -33.1% |
| 2018 | 13.0% | -15.2% |
| 2019 | 12.5% | -3.7% |
| 2020 | 22.0% | +75.7% |
| 2021 | 28.7% | +30.5% |
| 2022 | 14.1% | -50.8% |
| 2023 | 7.5% | -47.3% |
Gambia compared with similar countries
- Gambia's 7.5% is below the median for low income countries, which is 9.7%, 77% of the median. (20 countries reporting)
- Gambia's 7.5% is below the median for Sub-Saharan Africa, which is 9.0%, 83% of the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 12.7% | 5.1% | 20.5% | 7 |
| 2010s | 14.1% | 8.8% | 22.9% | 10 |
| 2020s | 18.1% | 7.5% | 28.7% | 4 |
Countries ranked near Gambia
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -665,150 BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0003 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita -0.241 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 232.36 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 13.05 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0966 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 84.19 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 8.98 % change on previous year (2024)
Frequently asked questions
- What is debt service as a proportion of exports of goods, services and in Gambia?
- Debt service as a proportion of exports of goods, services and in Gambia was 7.5% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest debt service as a proportion of exports of goods, services and recorded in Gambia?
- The highest recorded value was 28.7% in 2021.
- What is the lowest debt service as a proportion of exports of goods, services and recorded in Gambia?
- The lowest recorded value was 5.1% in 2008.
- How does Gambia rank for debt service as a proportion of exports of goods, services and?
- Gambia ranks 65th out of 125 countries with data for 2023.
- Is debt service as a proportion of exports of goods, services and rising or falling in Gambia?
- Over the last ten years it is down 34.8%. The long-run trend across the full record is rising.
- Where does this Gambia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Debt service as a proportion of exports of goods, services and primary income (%). Statizoid updates them automatically from the source API.
Download this data
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