Gambia, The's external debt stocks (% of GNI) was 66.36% in 2024, the latest year in the World Bank's World Development Indicators. That is up 19.84 percentage points from 46.52% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 66.36% | 2024 |
| Five years earlier | 47.76% | 2019 |
| Ten years earlier | 46.52% | 2014 |
| Highest | 138.56% | 2003 |
| Lowest | 9.71% | 1970 |
| Average since 2015 | 51.97% | 2015–2024 |
| First recorded | 9.71% | 1970 |
What the numbers say
In 2024, Gambia, The's external debt stocks (% of GNI) rose 10.56 percentage points on 2023 (from 55.8% to 66.36%).
Across the 30 yearly changes before that (1994 to 2023), the average change was −0.07 percentage points and a typical year strayed about 16.6 percentage points from that (the standard deviation). This year's change was 0.6 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 31.7 percentage points in 2002 and the biggest yearly fall was 69.42 percentage points in 1991. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 2.1 percentage points a year. A straight line explains 81% of the movement over 10 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 29th highest value of the 110 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.
| Value | Year | |
|---|---|---|
| Gambia, The | 66.36% | 2024 |
| Low income | 42.23% | 2024 |
Closest to Gambia, The in the 2024 ranking
- Grenada — 26th of 110: 68.59%
- Guinea-Bissau — 27th of 110: 67.11%
- Benin — 28th of 110: 66.55%
- Armenia — 30th of 110: 65.99%
- Lesotho — 31st of 110: 65.35%
- Kazakhstan — 32nd of 110: 62.6%
What this measures
Total external debt stocks to gross national income. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 55 values
| Year | External debt stocks (% of GNI) |
|---|---|
| 2024 | 66.36 |
| 2023 | 55.8 |
| 2022 | 54.27 |
| 2021 | 56.66 |
| 2020 | 54 |
| 2019 | 47.76 |
| 2018 | 47.4 |
| 2017 | 51.1 |
| 2016 | 42.77 |
| 2015 | 43.57 |
| 2014 |
External debt stocks (% of GNI) in nearby economies
- Angola — 79.57% (2024)
- Benin — 66.55% (2024)
- Botswana — 11.93% (2024)
- Burkina Faso — 48.76% (2024)
- Burundi — 47.13% (2024)
- Cabo Verde — 86.89% (2024)
- Cameroon — 31.29% (2024)
- Central African Republic — 35.85% (2024)
- Chad — 16.4% (2024)
- Comoros — 24.81% (2024)
- Congo, Dem. Rep. — 18.25% (2024)
More economic policy & debt data for Gambia, The
- Grants, excluding technical cooperation (BoP, current US$) — US$285.75 million (2023)
- Net bilateral aid flows from DAC donors, United Kingdom (current US$) — US$15.6 million (2023)
- Net bilateral aid flows from DAC donors, Total (current US$) — US$129.96 million (2023)
- Net official development assistance and official aid received (current US$) — US$343.86 million (2023)
- Net official development assistance and official aid received (constant 2023 US$) — US$343.86 million (2023)
- Net official development assistance received (current US$) — US$343.86 million (2023)
- Net official development assistance received (constant 2023 US$) — US$343.86 million (2023)
- Net ODA received per capita (current US$)
Reading data like this
Questions people ask
- What is Gambia, The's external debt stocks (% of GNI)?
- 66.36% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is up 56.65 percentage points from 9.71% in 1970. The highest value was 138.56% in 2003 and the lowest 9.71% in 1970.
- How does Gambia, The rank?
- 29th highest of 110 economies with data for 2024.
- Is the latest change in external debt stocks (% of GNI) unusual for Gambia, The?
- In 2024, Gambia, The's external debt stocks (% of GNI) rose 10.56 percentage points on 2023 (from 55.8% to 66.36%). Across the 30 yearly changes before that (1994 to 2023), the average change was −0.07 percentage points and a typical year strayed about 16.6 percentage points from that (the standard deviation). This year's change was 0.6 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 DT.DOD.DECT.GN.ZS, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB) 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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