Net trade in goods in Gambia
Gambia: Net trade in goods was -1.03 billion BoP, current US$ in 2024. ◆ Volatile
Net trade in goods in Gambia, 1978–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net trade in goods in Gambia is -1.03 billion BoP, current US$, measured in 2024. That is the lowest value across all 42 years on record.
That represents a change of down 16.8% on the previous year and down 396.2% over ten years.
Over the whole period, net trade in goods in Gambia peaked at -7.13 million BoP, current US$ in 1984 and was at its lowest, -1.03 billion BoP, current US$, in 2024.
Gambia ranks 113th of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -43.19 million BoP, current US$ | -43.39 million BoP, current US$ | -43.00 million BoP, current US$ | 2 |
| 1980s | -33.54 million BoP, current US$ | -93.15 million BoP, current US$ | -7.13 million BoP, current US$ | 10 |
| 1990s | -54.28 million BoP, current US$ | -97.07 million BoP, current US$ | -30.84 million BoP, current US$ | 8 |
| 2000s | -99.00 million BoP, current US$ | -145.24 million BoP, current US$ | -65.69 million BoP, current US$ | 7 |
| 2010s | -243.40 million BoP, current US$ | -421.36 million BoP, current US$ | -105.84 million BoP, current US$ | 10 |
| 2020s | -726.21 million BoP, current US$ | -1.03 billion BoP, current US$ | -511.76 million BoP, current US$ | 5 |
Countries ranked near Gambia
- 110 Cape Verde -943.55 million BoP, current US$ compare
- 111 Cameroon -983.96 million BoP, current US$ compare
- 112 New Zealand -1.01 billion BoP, current US$ compare
- 114 Bermuda -1.20 billion BoP, current US$ compare
- 115 Aruba -1.22 billion BoP, current US$ compare
- 116 Zimbabwe -1.26 billion 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 net trade in goods in Gambia?
- Net trade in goods in Gambia was -1.03 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods recorded in Gambia?
- The highest recorded value was -7.13 million BoP, current US$ in 1984.
- What is the lowest net trade in goods recorded in Gambia?
- The lowest recorded value was -1.03 billion BoP, current US$ in 2024.
- How does Gambia rank for net trade in goods?
- Gambia ranks 113th out of 199 countries with data for 2024.
- Is net trade in goods rising or falling in Gambia?
- Over the last ten years it is down 396.2%. 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 Net trade in goods (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods is the difference between the exports and imports of goods. 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.