Gambia, The's total reserves (% of total external debt) was 38.28% in 2024, the latest year in the World Bank's World Development Indicators. That is up 9.75 percentage points from 28.53% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 38.28% | 2024 |
| Five years earlier | 30.17% | 2019 |
| Ten years earlier | 28.53% | 2014 |
| Highest | 229.42% | 1974 |
| Lowest | 0.71% | 1985 |
| Average since 2015 | 33.92% | 2015–2024 |
| First recorded | 199.63% | 1971 |
What the numbers say
In 2024, Gambia, The's total reserves (% of total external debt) fell 5.27 percentage points on 2023 (from 43.55% to 38.28%).
Across the 30 yearly changes before that (1994 to 2023), the average change was +0.62 percentage points and a typical year strayed about 6.74 percentage points from that (the standard deviation). This year's change was 0.9 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 46.12 percentage points in 1974 and the biggest yearly fall was 79.08 percentage points in 1976. 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 3.76 percentage points a year. A straight line explains 64% 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 45th highest value of the 96 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 | 38.28% | 2024 |
| Sub-Saharan Africa | 26.8% | 2024 |
| Low income | 13.73% | 2023 |
Closest to Gambia, The in the 2024 ranking
- Nicaragua — 42nd of 96: 39.41%
- St. Vincent and the Grenadines — 43rd of 96: 39.29%
- Mexico — 44th of 96: 39.24%
- Jamaica — 46th of 96: 37.97%
- South Africa — 47th of 96: 37.2%
- Nigeria — 48th of 96: 37.15%
What this measures
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 percentage of total external debt which are all liabilities that require payment(s) of interest and/or principal by the debtor at some point(s) in the future and that are owed to non-residents by residents of an economy.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 54 values
| Year | Total reserves (% of total external debt) |
|---|---|
| 2024 | 38.28 |
| 2023 | 43.55 |
| 2022 | 48.17 |
| 2021 | 58.65 |
| 2020 | 40.15 |
| 2019 | 30.17 |
| 2018 | 24.65 |
| 2017 | 22.52 |
| 2016 | 14.06 |
| 2015 | 18.95 |
| 2014 |
Total reserves (% of total external debt) in nearby economies
- Angola — 24.25% (2024)
- Botswana — 149.08% (2024)
- Burundi — 8.74% (2023)
- Cabo Verde — 33.19% (2024)
- Cameroon — 32.09% (2024)
- Central African Republic — 46.78% (2024)
- Chad — 46.22% (2024)
- Comoros — 84.02% (2024)
- Congo, Dem. Rep. — 42.51% (2023)
- Congo, Rep. — 11.27% (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 total reserves (% of total external debt)?
- 38.28% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1971?
- It is down 161.35 percentage points from 199.63% in 1971. The highest value was 229.42% in 1974 and the lowest 0.71% in 1985.
- How does Gambia, The rank?
- 45th highest of 96 economies with data for 2024.
- Is the latest change in total reserves (% of total external debt) unusual for Gambia, The?
- In 2024, Gambia, The's total reserves (% of total external debt) fell 5.27 percentage points on 2023 (from 43.55% to 38.28%). Across the 30 yearly changes before that (1994 to 2023), the average change was +0.62 percentage points and a typical year strayed about 6.74 percentage points from that (the standard deviation). This year's change was 0.9 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 FI.RES.TOTL.DT.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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