Trade in services in Gambia
Gambia: Trade in services was 26.8% in 2024. ▼ Falling
Trade in services in Gambia, 1978–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for trade in services in Gambia is 26.8%, measured in 2024.
That represents a change of up 18.0% on the previous year and up 25.8% over ten years.
Over the whole period, trade in services in Gambia peaked at 43.9% in 1987 and was at its lowest, 10.7%, in 2016.
That places Gambia 81st out of 200 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 42 years of available data.
Trade in services in Gambia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1978 | 24.1% | — |
| 1979 | 30.5% | +26.7% |
| 1980 | 25.7% | -15.8% |
| 1981 | 24.9% | -3.3% |
| 1982 | 26.6% | +7.1% |
| 1983 | 25.2% | -5.5% |
| 1984 | 24.8% | -1.7% |
| 1985 | 20.4% | -17.5% |
| 1986 | 19.5% | -4.7% |
| 1987 | 43.9% | +125.3% |
| 1988 | 41.6% | -5.0% |
| 1989 | 38.0% | -8.8% |
| 1990 | 35.6% | -6.3% |
| 1991 | 20.1% | -43.4% |
| 1992 | 21.2% | +5.6% |
| 1993 | 19.8% | -6.8% |
| 1994 | 20.9% | +5.5% |
| 1995 | 15.5% | -25.7% |
| 1996 | 20.7% | +33.5% |
| 1997 | 22.3% | +7.6% |
| 2003 | 20.6% | -7.8% |
| 2004 | 12.1% | -41.2% |
| 2005 | 12.6% | +3.9% |
| 2006 | 17.7% | +40.6% |
| 2007 | 17.1% | -3.1% |
| 2008 | 13.3% | -22.4% |
| 2009 | 13.1% | -1.3% |
| 2010 | 13.4% | +2.7% |
| 2011 | 15.0% | +11.5% |
| 2012 | 15.7% | +4.9% |
| 2013 | 14.2% | -9.4% |
| 2014 | 21.3% | +49.7% |
| 2015 | 12.5% | -41.6% |
| 2016 | 10.7% | -14.4% |
| 2017 | 15.2% | +42.9% |
| 2018 | 19.0% | +24.7% |
| 2019 | 17.3% | -8.9% |
| 2020 | 11.9% | -31.5% |
| 2021 | 11.4% | -4.2% |
| 2022 | 15.9% | +40.3% |
| 2023 | 22.8% | +42.8% |
| 2024 | 26.8% | +18.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 27.3% | 24.1% | 30.5% | 2 |
| 1980s | 29.1% | 19.5% | 43.9% | 10 |
| 1990s | 22.0% | 15.5% | 35.6% | 8 |
| 2000s | 15.2% | 12.1% | 20.6% | 7 |
| 2010s | 15.4% | 10.7% | 21.3% | 10 |
| 2020s | 17.7% | 11.4% | 26.8% | 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)
- Households and NPISHs Final consumption expenditure (current LCU) 14.07 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 61.77 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 56,775 current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 3.09 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.6458 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 593.51 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 8.45 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.9632 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is trade in services in Gambia?
- Trade in services in Gambia was 26.8% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Gambia?
- The highest recorded value was 43.9% in 1987.
- What is the lowest trade in services recorded in Gambia?
- The lowest recorded value was 10.7% in 2016.
- How does Gambia rank for trade in services?
- Gambia ranks 81st out of 200 countries with data for 2024.
- Is trade in services rising or falling in Gambia?
- Over the last ten years it is up 25.8%. The long-run trend across the full record is falling.
- 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 Trade in services (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 42 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.