Gambia, The: Broad money to total reserves ratio

Key figures

What the numbers say

In 2024, Gambia, The's broad money to total reserves ratio fell 0.21 on 2023 (from 2 to 1.79).

Across the 30 yearly changes before that (1991 to 2023), the average change was +0.01 and a typical year strayed about 0.57 from that (the standard deviation). This year's change was 0.4 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 20.91 in 1979 and the biggest yearly fall was 35.12 in 1986. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2017 to 2024 the straight-line trend is downward, about 0.26 a year. A straight line explains 83% of the movement over 8 observed 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 34th highest value of the 41 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

• Czechia — 31st of 41: 2.06
• North Macedonia — 32nd of 41: 1.95
• Zambia — 33rd of 41: 1.92
• Vanuatu — 35th of 41: 1.75
• Madagascar — 36th of 41: 1.72
• Timor-Leste — 37th of 41: 1.72

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. Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This indicator is expressed as a ratio (a÷b).

All 59 values

Broad money to total reserves ratio in nearby economies

• Angola — 1.24 (2025)
• Botswana — 2.46 (2024)
• Burundi — 17 (2023)
• Cabo Verde — 2.29 (2025)
• Cameroon — 2.47 (2018)
• Central African Republic — 2.09 (2022)
• Chad — 12.75 (2021)
• Comoros — 1.6 (2025)
• Congo, Dem. Rep. — 2.99 (2023)
• Congo, Rep. — 6.08 (2023)
• Equatorial Guinea

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)
• Inflation, GDP deflator (annual % growth) — 7.89% (2025)
• Domestic credit to private sector by banks (% of GDP)

Reading data like this

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Questions people ask

What is Gambia, The's broad money to total reserves ratio?

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

How has it changed since 1964?

It is up 58.84% from 1.13 in 1964 (0.77% a year on average, compounded). The highest value was 38.06 in 1985 and the lowest 0.84 in 1966.

How does Gambia, The rank?

34th highest of 41 economies with data for 2024.

Is the latest change in broad money to total reserves ratio unusual for Gambia, The?

In 2024, Gambia, The's broad money to total reserves ratio fell 0.21 on 2023 (from 2 to 1.79). Across the 30 yearly changes before that (1991 to 2023), the average change was +0.01 and a typical year strayed about 0.57 from that (the standard deviation). This year's change was 0.4 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.IR.ZS, 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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