Volume of remittances (in United States dollars) as a proportion of in Gambia
Gambia: Volume of remittances (in United States dollars) as a proportion of was 22.0% in 2024. ◆ Volatile
Latest (2024)
22.0%
Change on year
up 1.8%
World rank
13th
of 203 countries
All-time high
27.2%
in 2021
All-time low
4.1%
in 2008
Years of data
22
2003–2024
Volume of remittances (in United States dollars) as a proportion of in Gambia, 2003–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for volume of remittances (in united states dollars) as a proportion of in Gambia is 22.0%, measured in 2024.
That represents a change of up 1.8% on the previous year and up 96.3% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Gambia peaked at 27.2% in 2021 and was at its lowest, 4.1%, in 2008.
That places Gambia 13th out of 203 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.
Volume of remittances (in United States dollars) as a proportion of in Gambia, year by year
| Year | Value | Change |
|---|---|---|
| 2003 | 11.1% | — |
| 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% |
Gambia compared with similar countries
- Gambia's 22.0% is above the median for low income countries, which is 3.8%, 5.8× the median. (18 countries reporting)
- Gambia's 22.0% is above the median for Sub-Saharan Africa, which is 2.9%, 7.6× the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 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)
- 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 volume of remittances (in united states dollars) as a proportion of in Gambia?
- Volume of remittances (in united states dollars) as a proportion of in Gambia was 22.0% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest volume of remittances (in united states dollars) as a proportion of recorded in Gambia?
- The highest recorded value was 27.2% in 2021.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Gambia?
- The lowest recorded value was 4.1% in 2008.
- How does Gambia rank for volume of remittances (in united states dollars) as a proportion of?
- Gambia ranks 13th out of 203 countries with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of 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 United Nations Statistics Division, SDG Global Database, published as part of Volume of remittances (in United States dollars) as a proportion of total GDP (%). Statizoid updates them automatically from the source API.
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