Total debt service in Gambia
Gambia: Total debt service was 3.3% in 2024. ◆ Volatile
Total debt service in Gambia, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
In 2024, total debt service in Gambia stood at 3.3%.
Compared with earlier readings it is up 38.3% on the previous year and down 19.7% over ten years.
Over the whole period, total debt service in Gambia peaked at 14.5% in 1986 and was at its lowest, 0.2%, in 1970.
Gambia ranks 76th of 122 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Total debt service in Gambia, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 0.2% | — |
| 1971 | 0.4% | +45.9% |
| 1972 | 0.8% | +119.7% |
| 1973 | 0.6% | -26.1% |
| 1974 | 0.5% | -5.7% |
| 1975 | 1.6% | +194.0% |
| 1976 | 0.3% | -79.8% |
| 1977 | 0.5% | +42.3% |
| 1978 | 1.5% | +233.4% |
| 1979 | 2.5% | +61.6% |
| 1980 | 1.7% | -29.4% |
| 1981 | 3.2% | +82.5% |
| 1982 | 8.1% | +153.4% |
| 1983 | 7.0% | -13.5% |
| 1984 | 7.2% | +3.4% |
| 1985 | 3.6% | -50.5% |
| 1986 | 14.5% | +306.6% |
| 1987 | 10.2% | -29.9% |
| 1988 | 8.4% | -17.1% |
| 1989 | 8.9% | +5.5% |
| 1990 | 12.9% | +45.5% |
| 1991 | 4.6% | -64.4% |
| 1992 | 4.3% | -7.5% |
| 1993 | 3.8% | -10.8% |
| 1994 | 4.3% | +12.4% |
| 1995 | 3.6% | -14.8% |
| 1996 | 3.4% | -7.6% |
| 1997 | 3.4% | +1.7% |
| 1998 | 3.2% | -7.6% |
| 1999 | 2.7% | -13.9% |
| 2000 | 2.9% | +6.7% |
| 2001 | 2.2% | -23.8% |
| 2002 | 2.8% | +24.7% |
| 2003 | 4.4% | +60.1% |
| 2004 | 4.0% | -9.3% |
| 2005 | 2.8% | -29.0% |
| 2006 | 2.9% | +3.2% |
| 2007 | 2.7% | -7.7% |
| 2008 | 1.1% | -59.1% |
| 2009 | 1.4% | +24.0% |
| 2010 | 1.7% | +20.8% |
| 2011 | 2.0% | +20.2% |
| 2012 | 1.9% | -2.3% |
| 2013 | 2.3% | +17.2% |
| 2014 | 4.0% | +77.1% |
| 2015 | 3.0% | -25.1% |
| 2016 | 3.0% | -0.9% |
| 2017 | 2.9% | -2.5% |
| 2018 | 3.0% | +2.7% |
| 2019 | 2.7% | -11.6% |
| 2020 | 2.3% | -14.2% |
| 2021 | 2.2% | -4.2% |
| 2022 | 1.9% | -12.7% |
| 2023 | 2.3% | +23.3% |
| 2024 | 3.3% | +38.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.9% | 0.2% | 2.5% | 10 |
| 1980s | 7.3% | 1.7% | 14.5% | 10 |
| 1990s | 4.6% | 2.7% | 12.9% | 10 |
| 2000s | 2.7% | 1.1% | 4.4% | 10 |
| 2010s | 2.7% | 1.7% | 4.0% | 10 |
| 2020s | 2.4% | 1.9% | 3.3% | 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)
- Gross capital formation (current US$), annual growth rate 45.48 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.4039 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 371.18 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 54.11 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 28.97 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 26,629 current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 8.31 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.3259 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is total debt service in Gambia?
- Total debt service in Gambia was 3.3% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest total debt service recorded in Gambia?
- The highest recorded value was 14.5% in 1986.
- What is the lowest total debt service recorded in Gambia?
- The lowest recorded value was 0.2% in 1970.
- How does Gambia rank for total debt service?
- Gambia ranks 76th out of 122 countries with data for 2024.
- Is total debt service rising or falling in Gambia?
- Over the last ten years it is down 19.7%. The long-run trend across the full record is volatile.
- Where does this Gambia data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Total debt service (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF.