Personal remittances, received in Gambia
Gambia: Personal remittances, received was 22.0% in 2024. ◆ Volatile
Personal remittances, received in Gambia, 1978–2024
Source: Staff estimates, World Bank (WB). Measured in % of GDP.
Analysis
Gambia recorded 22.0% for personal remittances, received in 2024.
Compared with earlier readings it is up 1.8% on the previous year and up 96.3% over ten years.
Over the whole period, personal remittances, received in Gambia peaked at 27.2% in 2021 and was at its lowest, 0.1%, in 1982.
That places Gambia 11th out of 196 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Personal remittances, received in Gambia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1978 | 0.2% | — |
| 1979 | 0.2% | +18.4% |
| 1980 | 0.2% | -31.8% |
| 1981 | 0.1% | -18.4% |
| 1982 | 0.1% | -34.3% |
| 1983 | 0.3% | +277.9% |
| 2003 | 11.1% | +3279.7% |
| 2004 | 6.3% | -43.1% |
| 2005 | 5.8% | -8.6% |
| 2006 | 6.0% | +4.8% |
| 2007 | 4.3% | -28.1% |
| 2008 | 4.1% | -4.6% |
| 2009 | 5.5% | +32.6% |
| 2010 | 7.5% | +36.2% |
| 2011 | 6.5% | -13.6% |
| 2012 | 7.5% | +16.0% |
| 2013 | 8.0% | +6.2% |
| 2014 | 11.2% | +40.4% |
| 2015 | 11.2% | -0.2% |
| 2016 | 9.8% | -12.2% |
| 2017 | 10.6% | +8.5% |
| 2018 | 12.7% | +19.2% |
| 2019 | 15.2% | +19.8% |
| 2020 | 23.0% | +51.1% |
| 2021 | 27.2% | +18.2% |
| 2022 | 22.8% | -16.2% |
| 2023 | 21.6% | -5.0% |
| 2024 | 22.0% | +1.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.2% | 0.2% | 0.2% | 2 |
| 1980s | 0.2% | 0.1% | 0.3% | 4 |
| 2000s | 6.2% | 4.1% | 11.1% | 7 |
| 2010s | 10.0% | 6.5% | 15.2% | 10 |
| 2020s | 23.3% | 21.6% | 27.2% | 5 |
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)
- Exports of goods and services (current LCU), annual growth rate 66.24 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 9.13 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 8,394 current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 33.99 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.1038 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 95.38 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate 45.48 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.4039 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is personal remittances, received in Gambia?
- Personal remittances, received in Gambia was 22.0% in 2024, according to Staff estimates, World Bank (WB).
- What is the highest personal remittances, received recorded in Gambia?
- The highest recorded value was 27.2% in 2021.
- What is the lowest personal remittances, received recorded in Gambia?
- The lowest recorded value was 0.1% in 1982.
- How does Gambia rank for personal remittances, received?
- Gambia ranks 11th out of 196 countries with data for 2024.
- Is personal remittances, received rising or falling in Gambia?
- Over the last ten years it is up 96.3%. The long-run trend across the full record is volatile.
- Where does this Gambia data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Personal remittances, received (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.