Gambia, The's claims on private sector (annual growth as % of broad money) was 3.66% in 2024, the latest year in the World Bank's World Development Indicators. That is up 5.93 percentage points from -2.27% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 3.66% | 2024 |
| Five years earlier | 5.59% | 2019 |
| Ten years earlier | -2.27% | 2014 |
| Highest | 35.74% | 1978 |
| Lowest | -22.87% | 1972 |
| Average since 2018 | 3.41% | 2018–2024 |
| First recorded | 19.51% | 1965 |
What the numbers say
In 2024, Gambia, The's claims on private sector (annual growth as % of broad money) rose 2 percentage points on 2023 (from 1.66% to 3.66%).
Across the 30 yearly changes before that (1990 to 2023), the average change was −0.41 percentage points and a typical year strayed about 8.81 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above 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 43.1 percentage points in 1973 and the biggest yearly fall was 39.73 percentage points in 1986. 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 13th highest value of the 22 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
- China — 9th of 22: 5.76%
- Madagascar — 10th of 22: 5.72%
- Korea, Rep. — 11th of 22: 4.13%
- Hungary — 13th of 22: 3.64%
- Iraq — 14th of 22: 3.57%
- Vanuatu — 15th of 22: 3.31%
What this measures
Claims on private sector include gross credit from the financial system to individuals, enterprises, nonfinancial public entities not included under net domestic credit, and financial institutions not included elsewhere. 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 represents the annual percentage growth in the ratio of claims to broad money.
All 57 values
| Year | Claims on private sector (annual growth as % of broad money) |
|---|---|
| 2024 | 3.66 |
| 2023 | 1.66 |
| 2022 | 3.8 |
| 2021 | 3.55 |
| 2020 | 0.4002 |
| 2019 | 5.59 |
| 2018 | 5.21 |
| 2017 | no data |
| 2016 | no data |
| 2015 | no data |
| 2014 |
Claims on private sector (annual growth as % of broad money) in nearby economies
- Angola — 5.49% (2025)
- Benin — 9.72% (2025)
- Botswana — 2.39% (2025)
- Burkina Faso — -2.62% (2025)
- Burundi — 20.15% (2025)
- Cabo Verde — 4.11% (2025)
- Cameroon — 0.32% (2019)
- Central African Republic — 6.12% (2022)
- Chad — 11.95% (2021)
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
Questions people ask
- What is Gambia, The's claims on private sector (annual growth as % of broad money)?
- 3.66% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1965?
- It is down 15.85 percentage points from 19.51% in 1965. The highest value was 35.74% in 1978 and the lowest -22.87% in 1972.
- How does Gambia, The rank?
- 13th highest of 22 economies with data for 2024.
- Is the latest change in claims on private sector (annual growth as % of broad money) unusual for Gambia, The?
- In 2024, Gambia, The's claims on private sector (annual growth as % of broad money) rose 2 percentage points on 2023 (from 1.66% to 3.66%). Across the 30 yearly changes before that (1990 to 2023), the average change was −0.41 percentage points and a typical year strayed about 8.81 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above 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.AST.PRVT.ZG.M3, 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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