Gross savings in Gambia
Gambia: Gross savings was 623.58 million current US$ in 2024. ◆ Volatile
Gross savings in Gambia, 1978–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, gross savings in Gambia stood at 623.58 million current US$. That is the highest value across all 42 years on record.
The figure is up 37.4% on the previous year and up 344.5% over ten years.
Over the whole period, gross savings in Gambia peaked at 623.58 million current US$ in 2024 and was at its lowest, -28.09 million current US$, in 1996.
That places Gambia 154th out of 178 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings in Gambia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1978 | 6.54 million current US$ | — |
| 1979 | 23.58 million current US$ | +260.5% |
| 1980 | 39.43 million current US$ | +67.2% |
| 1981 | 53.14 million current US$ | +34.8% |
| 1982 | 42.92 million current US$ | -19.2% |
| 1983 | 21.43 million current US$ | -50.1% |
| 1984 | 21.52 million current US$ | +0.4% |
| 1985 | 51.65 million current US$ | +140.0% |
| 1986 | 54.49 million current US$ | +5.5% |
| 1987 | 93.32 million current US$ | +71.3% |
| 1988 | 80.31 million current US$ | -13.9% |
| 1989 | 49.60 million current US$ | -38.2% |
| 1990 | 69.29 million current US$ | +39.7% |
| 1991 | 60.41 million current US$ | -12.8% |
| 1992 | 83.59 million current US$ | +38.4% |
| 1993 | -1.19 million current US$ | -101.4% |
| 1994 | -17.46 million current US$ | +1362.1% |
| 1995 | 74.30 million current US$ | -525.5% |
| 1996 | -28.09 million current US$ | -137.8% |
| 1997 | 60.59 million current US$ | -315.7% |
| 2003 | 47.70 million current US$ | -21.3% |
| 2004 | 58.19 million current US$ | +22.0% |
| 2005 | 36.81 million current US$ | -36.7% |
| 2006 | 123.83 million current US$ | +236.4% |
| 2007 | 118.39 million current US$ | -4.4% |
| 2008 | 5.02 million current US$ | -95.8% |
| 2009 | 76.97 million current US$ | +1434.0% |
| 2010 | -5.45 million current US$ | -107.1% |
| 2011 | 88.62 million current US$ | -1725.8% |
| 2012 | 222.47 million current US$ | +151.0% |
| 2013 | 76.87 million current US$ | -65.4% |
| 2014 | 140.28 million current US$ | +82.5% |
| 2015 | 260.37 million current US$ | +85.6% |
| 2016 | 295.62 million current US$ | +13.5% |
| 2017 | 281.17 million current US$ | -4.9% |
| 2018 | 261.90 million current US$ | -6.9% |
| 2019 | 325.61 million current US$ | +24.3% |
| 2020 | 487.27 million current US$ | +49.7% |
| 2021 | 483.78 million current US$ | -0.7% |
| 2022 | 473.73 million current US$ | -2.1% |
| 2023 | 453.79 million current US$ | -4.2% |
| 2024 | 623.58 million current US$ | +37.4% |
Gambia compared with similar countries
- Gambia's 623.58 million current US$ is below the median for low income countries, which is 2.01 billion current US$, 31% of the median. (20 countries reporting)
- Gambia's 623.58 million current US$ is below the median for Sub-Saharan Africa, which is 3.44 billion current US$, 18% of the median. (43 countries reporting)
Biggest year-on-year movements
Years where Gross savings in Gambia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2011 | +1725.8% | -5.45 million current US$ | 88.62 million current US$ |
| 2009 | +1434.0% | 5.02 million current US$ | 76.97 million current US$ |
| 1994 | -1362.1% | -1.19 million current US$ | -17.46 million current US$ |
| 1995 | +525.5% | -17.46 million current US$ | 74.30 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 15.06 million current US$ | 6.54 million current US$ | 23.58 million current US$ | 2 |
| 1980s | 50.78 million current US$ | 21.43 million current US$ | 93.32 million current US$ | 10 |
| 1990s | 37.68 million current US$ | -28.09 million current US$ | 83.59 million current US$ | 8 |
| 2000s | 66.70 million current US$ | 5.02 million current US$ | 123.83 million current US$ | 7 |
| 2010s | 194.74 million current US$ | -5.45 million current US$ | 325.61 million current US$ | 10 |
| 2020s | 504.43 million current US$ | 453.79 million current US$ | 623.58 million current US$ | 5 |
Countries ranked near Gambia
- 151 Belize 651.38 million current US$ compare
- 152 Montenegro 650.78 million current US$ compare
- 153 Cape Verde 646.00 million current US$ compare
- 155 Djibouti 617.06 million current US$ compare
- 156 Aruba 520.11 million current US$ compare
- 157 Guinea-Bissau 419.34 million current US$ 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)
- 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$), annual growth rate 8.98 % change on previous year (2024)
Frequently asked questions
- What is gross savings in Gambia?
- Gross savings in Gambia was 623.58 million current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Gambia?
- The highest recorded value was 623.58 million current US$ in 2024.
- What is the lowest gross savings recorded in Gambia?
- The lowest recorded value was -28.09 million current US$ in 1996.
- How does Gambia rank for gross savings?
- Gambia ranks 154th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Gambia?
- Over the last ten years it is up 344.5%. The long-run trend across the full record is volatile.
- Where does this Gambia data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (current US$). Statizoid updates them automatically from the source API.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.