Current account balance in Gambia
Gambia: Current account balance was -99.79 million BoP, current US$ in 2024. ◆ Volatile
Current account balance in Gambia, 1978–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, current account balance in Gambia stood at -99.79 million BoP, current US$.
Compared with earlier readings it is up 16.9% on the previous year and down 18.0% over ten years.
Over the whole period, current account balance in Gambia peaked at 38.17 million BoP, current US$ in 1992 and was at its lowest, -135.05 million BoP, current US$, in 2018.
Gambia ranks 87th of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -42.02 million BoP, current US$ | -47.00 million BoP, current US$ | -37.05 million BoP, current US$ | 2 |
| 1980s | -10.78 million BoP, current US$ | -90.58 million BoP, current US$ | 32.26 million BoP, current US$ | 10 |
| 1990s | -117,388 BoP, current US$ | -47.08 million BoP, current US$ | 38.17 million BoP, current US$ | 8 |
| 2000s | -27.75 million BoP, current US$ | -79.27 million BoP, current US$ | 28.00 million BoP, current US$ | 7 |
| 2010s | -76.24 million BoP, current US$ | -135.05 million BoP, current US$ | 17.50 million BoP, current US$ | 10 |
| 2020s | -96.71 million BoP, current US$ | -120.06 million BoP, current US$ | -86.55 million BoP, current US$ | 5 |
Countries ranked near Gambia
- 84 Solomon Islands -66.23 million BoP, current US$ compare
- 85 Estonia -69.99 million BoP, current US$ compare
- 86 Belize -92.27 million BoP, current US$ compare
- 88 Eritrea -104.66 million BoP, current US$ compare
- 89 Sint Maarten (Dutch part) -116.69 million BoP, current US$ compare
- 90 Vanuatu -127.43 million BoP, current US$ compare
More economy & growth data for Gambia
- Industry (including construction), value added 448.58 million constant 2015 US$ (2025)
- Final consumption expenditure 4.1% (2025)
- Industry (including construction), value added 15.01 billion constant LCU (2025)
- Final consumption expenditure 96.3% (2025)
- Industry (including construction), value added 6.0% (2025)
- Gross national expenditure 3.55 billion current US$ (2025)
- Gross national expenditure 254.39 billion current LCU (2025)
- Gross national expenditure 2.78 billion constant 2015 US$ (2025)
- Exports of goods and services 34.0% (2025)
- Exports of goods and services 269.18 million constant 2015 US$ (2025)
Frequently asked questions
- What is current account balance in Gambia?
- Current account balance in Gambia was -99.79 million BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Gambia?
- The highest recorded value was 38.17 million BoP, current US$ in 1992.
- What is the lowest current account balance recorded in Gambia?
- The lowest recorded value was -135.05 million BoP, current US$ in 2018.
- How does Gambia rank for current account balance?
- Gambia ranks 87th out of 199 countries with data for 2024.
- Is current account balance rising or falling in Gambia?
- Over the last ten years it is down 18.0%. 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 Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. 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.