Net trade in goods and services in Gambia
Gambia: Net trade in goods and services was -701.38 million BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
-701.38 million BoP, current US$
Change on year
down 10.3%
World rank
119th
of 199 countries
All-time high
-5.62 million BoP, current US$
in 1984
All-time low
-701.38 million BoP, current US$
in 2024
Years of data
42
1978–2024
Net trade in goods and services in Gambia, 1978–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, net trade in goods and services in Gambia stood at -701.38 million BoP, current US$. That is the lowest value across all 42 years on record.
Compared with earlier readings it is down 10.3% on the previous year and down 292.1% over ten years.
Over the whole period, net trade in goods and services in Gambia peaked at -5.62 million BoP, current US$ in 1984 and was at its lowest, -701.38 million BoP, current US$, in 2024.
That places Gambia 119th out of 199 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net trade in goods and services in Gambia, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1978 | -56.54 million BoP, current US$ | — |
| 1979 | -59.01 million BoP, current US$ | +4.4% |
| 1980 | -117.75 million BoP, current US$ | +99.5% |
| 1981 | -92.53 million BoP, current US$ | -21.4% |
| 1982 | -45.40 million BoP, current US$ | -50.9% |
| 1983 | -35.63 million BoP, current US$ | -21.5% |
| 1984 | -5.62 million BoP, current US$ | -84.2% |
| 1985 | -7.30 million BoP, current US$ | +29.9% |
| 1986 | -8.99 million BoP, current US$ | +23.3% |
| 1987 | -15.88 million BoP, current US$ | +76.6% |
| 1988 | -8.88 million BoP, current US$ | -44.1% |
| 1989 | -9.31 million BoP, current US$ | +4.8% |
| 1990 | -25.01 million BoP, current US$ | +168.7% |
| 1991 | -30.76 million BoP, current US$ | +23.0% |
| 1992 | -17.34 million BoP, current US$ | -43.6% |
| 1993 | -50.89 million BoP, current US$ | +193.4% |
| 1994 | -32.92 million BoP, current US$ | -35.3% |
| 1995 | -54.73 million BoP, current US$ | +66.3% |
| 1996 | -73.21 million BoP, current US$ | +33.8% |
| 1997 | -51.44 million BoP, current US$ | -29.7% |
| 2003 | -26.00 million BoP, current US$ | -49.5% |
| 2004 | -69.14 million BoP, current US$ | +165.9% |
| 2005 | -82.95 million BoP, current US$ | +20.0% |
| 2006 | -115.35 million BoP, current US$ | +39.0% |
| 2007 | -108.27 million BoP, current US$ | -6.1% |
| 2008 | -40.80 million BoP, current US$ | -62.3% |
| 2009 | -67.25 million BoP, current US$ | +64.8% |
| 2010 | -52.05 million BoP, current US$ | -22.6% |
| 2011 | -118.90 million BoP, current US$ | +128.4% |
| 2012 | -124.72 million BoP, current US$ | +4.9% |
| 2013 | -102.69 million BoP, current US$ | -17.7% |
| 2014 | -178.86 million BoP, current US$ | +74.2% |
| 2015 | -184.41 million BoP, current US$ | +3.1% |
| 2016 | -185.19 million BoP, current US$ | +0.4% |
| 2017 | -282.51 million BoP, current US$ | +52.6% |
| 2018 | -329.21 million BoP, current US$ | +16.5% |
| 2019 | -280.34 million BoP, current US$ | -14.8% |
| 2020 | -515.30 million BoP, current US$ | +83.8% |
| 2021 | -583.58 million BoP, current US$ | +13.3% |
| 2022 | -562.14 million BoP, current US$ | -3.7% |
| 2023 | -635.70 million BoP, current US$ | +13.1% |
| 2024 | -701.38 million BoP, current US$ | +10.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -57.77 million BoP, current US$ | -59.01 million BoP, current US$ | -56.54 million BoP, current US$ | 2 |
| 1980s | -34.73 million BoP, current US$ | -117.75 million BoP, current US$ | -5.62 million BoP, current US$ | 10 |
| 1990s | -42.04 million BoP, current US$ | -73.21 million BoP, current US$ | -17.34 million BoP, current US$ | 8 |
| 2000s | -72.82 million BoP, current US$ | -115.35 million BoP, current US$ | -26.00 million BoP, current US$ | 7 |
| 2010s | -183.89 million BoP, current US$ | -329.21 million BoP, current US$ | -52.05 million BoP, current US$ | 10 |
| 2020s | -599.62 million BoP, current US$ | -701.38 million BoP, current US$ | -515.30 million BoP, current US$ | 5 |
Countries ranked near Gambia
- 116 Togo -667.63 million BoP, current US$ compare
- 117 French Polynesia -670.14 million BoP, current US$ compare
- 118 Bermuda -701.16 million BoP, current US$ compare
- 120 Bolivia, Plurinational State of -702.28 million BoP, current US$ compare
- 121 Iceland -824.37 million BoP, current US$ compare
- 122 Burundi -946.66 million BoP, 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)
- GDP (constant 2015 US$), annual growth rate 5.89 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.8552 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 786.01 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 5.89 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 31.49 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 28,942 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate -5.82 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.0368 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is net trade in goods and services in Gambia?
- Net trade in goods and services in Gambia was -701.38 million BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods and services recorded in Gambia?
- The highest recorded value was -5.62 million BoP, current US$ in 1984.
- What is the lowest net trade in goods and services recorded in Gambia?
- The lowest recorded value was -701.38 million BoP, current US$ in 2024.
- How does Gambia rank for net trade in goods and services?
- Gambia ranks 119th out of 199 countries with data for 2024.
- Is net trade in goods and services rising or falling in Gambia?
- Over the last ten years it is down 292.1%. The long-run trend across the full record is volatile.
- Where does this Gambia data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net trade in goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. 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.