Gambia, The: Broad money (annual % growth)

Key figures

What the numbers say

In 2024, Gambia, The's broad money (annual % growth) fell 1.44 percentage points on 2023 (from 9.27% to 7.83%).

Across the 30 yearly changes before that (1990 to 2023), the average change was −0.69 percentage points and a typical year strayed about 12.76 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 58.05 percentage points in 1978 and the biggest yearly fall was 58.05 percentage points in 1977. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Gambia, The had the 18th highest value of the 32 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Gambia, The in the 2024 ranking

• Bosnia and Herzegovina — 14th of 32: 9.34%
• Poland — 15th of 32: 9.24%
• Bulgaria — 16th of 32: 8.74%
• Czechia — 18th of 32: 7.35%
• Timor-Leste — 19th of 32: 7.3%
• West Bank and Gaza — 20th of 32: 7.1%

What this measures

Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.

Limitations: Monetary accounts are derived from the balance sheets of financial institutions - the central bank, commercial banks, and nonbank financial intermediaries. Although these balance sheets are usually reliable, they are subject to errors of classification, valuation, and timing and to differences in accounting practices. For example, whether interest income is recorded on an accrual or a cash basis can make a substantial difference, as can the treatment of nonperforming assets. Valuation errors typically arise for foreign exchange transactions, particularly in countries with flexible exchange rates or in countries that have undergone currency devaluation during the reporting period.

All 57 values

Broad money (annual % growth) in nearby economies

• Angola — 8.52% (2025)
• Benin — 15.43% (2025)
• Botswana — 4.8% (2024)
• Burkina Faso — 17.38% (2025)
• Burundi — 19.81% (2025)
• Cabo Verde — 9.22% (2025)
• Cameroon — 13.94% (2018)
• Central African Republic — 2.49% (2022)
• Chad — 13.63% (2021)
• Comoros — 18.04% (2025)
• Congo, Dem. Rep. — -9.63% (2025)

More financial sector data for Gambia, The

• DEC alternative conversion factor (LCU per US$) — US$71.74 (2025)
• Official exchange rate (LCU per US$, period average) — US$71.29 (2025)
• Consumer price index (2010 = 100) — 285.9 (2024)
• Inflation, consumer prices (annual % growth) — 11.56% (2024)
• GDP deflator (base year varies by country) — 227.82 (2025)
• Net domestic credit (current LCU) — 64.61 billion (2024)
• Net foreign assets (current LCU) — 32.07 billion (2024)
• Broad money (current LCU) — 76.35 billion (2024)
• Broad money to total reserves ratio — 1.79 (2024)
• Inflation, GDP deflator (annual % growth)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Gambia, The's broad money (annual % growth)?

7.83% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1965?

It is up 1.63 percentage points from 6.19% in 1965. The highest value was 51.34% in 1985 and the lowest -12.11% in 1977.

How does Gambia, The rank?

18th highest of 32 economies with data for 2024.

Is the latest change in broad money (annual % growth) unusual for Gambia, The?

In 2024, Gambia, The's broad money (annual % growth) fell 1.44 percentage points on 2023 (from 9.27% to 7.83%). Across the 30 yearly changes before that (1990 to 2023), the average change was −0.69 percentage points and a typical year strayed about 12.76 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator FM.LBL.BMNY.ZG, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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