Debt service (PPG and IMF only, % of exports of goods, services and) in Gambia
Gambia: Debt service (PPG and IMF only, % of exports of goods, services and) was 6.3% in 2024. ▲ Rising
Debt service (PPG and IMF only, % of exports of goods, services and) in Gambia, 1978–2024
Source: International Debt Statistics, World Bank (WB).
Analysis
Gambia recorded 6.3% for debt service (ppg and imf only, % of exports of goods, services and) in 2024.
The figure is down 6.4% on the previous year and down 64.8% over ten years.
Over the whole period, debt service (ppg and imf only, % of exports of goods, services and) in Gambia peaked at 28.7% in 2021 and was at its lowest, 4.5%, in 1978.
That places Gambia 70th out of 118 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 37 years of available data.
Debt service (PPG and IMF only, % of exports of goods, services and) in Gambia, year by year
| Year | Value | Change |
|---|---|---|
| 1978 | 4.5% | — |
| 1979 | 6.1% | +35.5% |
| 1982 | 18.1% | +195.6% |
| 1983 | 15.5% | -14.3% |
| 1987 | 18.5% | +19.9% |
| 1988 | 14.5% | -21.7% |
| 1989 | 14.7% | +1.4% |
| 1990 | 21.1% | +43.3% |
| 1991 | 14.5% | -31.1% |
| 1992 | 12.0% | -17.2% |
| 1993 | 11.5% | -4.7% |
| 1994 | 13.5% | +17.8% |
| 1995 | 15.1% | +11.7% |
| 1996 | 12.1% | -20.1% |
| 1997 | 11.3% | -6.4% |
| 2003 | 14.5% | +28.4% |
| 2004 | 20.5% | +41.3% |
| 2005 | 14.6% | -28.7% |
| 2006 | 14.3% | -2.2% |
| 2007 | 13.0% | -9.1% |
| 2008 | 5.1% | -60.7% |
| 2009 | 6.7% | +31.7% |
| 2010 | 8.8% | +30.4% |
| 2011 | 10.5% | +19.9% |
| 2012 | 9.6% | -8.7% |
| 2013 | 11.4% | +18.9% |
| 2014 | 17.9% | +56.5% |
| 2015 | 18.6% | +3.8% |
| 2016 | 22.9% | +23.6% |
| 2017 | 15.3% | -33.1% |
| 2018 | 13.0% | -15.2% |
| 2019 | 12.5% | -3.7% |
| 2020 | 22.0% | +75.7% |
| 2021 | 28.7% | +30.5% |
| 2022 | 14.1% | -50.8% |
| 2023 | 6.7% | -52.4% |
| 2024 | 6.3% | -6.4% |
Gambia compared with similar countries
- Gambia's 6.3% is below the median for low income countries, which is 7.3%, 86% of the median. (20 countries reporting)
- Gambia's 6.3% is below the median for Sub-Saharan Africa, which is 8.0%, 79% of the median. (42 countries reporting)
Biggest year-on-year movements
Years where Debt service (PPG and IMF only, % of exports of goods, services and) in Gambia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1982 | +195.6% | 6.1% | 18.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.3% | 4.5% | 6.1% | 2 |
| 1980s | 16.3% | 14.5% | 18.5% | 5 |
| 1990s | 13.9% | 11.3% | 21.1% | 8 |
| 2000s | 12.7% | 5.1% | 20.5% | 7 |
| 2010s | 14.1% | 8.8% | 22.9% | 10 |
| 2020s | 15.6% | 6.3% | 28.7% | 5 |
Countries ranked near Gambia
More external debt data for Gambia
- IFC, private nonguaranteed -79,395 NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita -0.0288 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP -0 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre -30.29 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 2.0% (2024)
- Net financial flows, IDA -2.55 million NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita -0.9239 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP -0.0011 NFL, current US$ per US$ of GDP (2024)
- Public and publicly guaranteed debt service 5.2% (2024)
- Net financial flows, IDA (NFL, current US$), per square kilometre 163.93 NFL, current US$ per square kilometre (2023)
Frequently asked questions
- What is debt service (ppg and imf only, % of exports of goods, services and) in Gambia?
- Debt service (ppg and imf only, % of exports of goods, services and) in Gambia was 6.3% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest debt service (ppg and imf only, % of exports of goods, services and) recorded in Gambia?
- The highest recorded value was 28.7% in 2021.
- What is the lowest debt service (ppg and imf only, % of exports of goods, services and) recorded in Gambia?
- The lowest recorded value was 4.5% in 1978.
- How does Gambia rank for debt service (ppg and imf only, % of exports of goods, services and)?
- Gambia ranks 70th out of 118 countries with data for 2024.
- Is debt service (ppg and imf only, % of exports of goods, services and) rising or falling in Gambia?
- Over the last ten years it is down 64.8%. The long-run trend across the full record is rising.
- Where does this Gambia data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Debt service (PPG and IMF only, % of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 37 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Debt service, the sum of principal repayments and interest actually paid in currency, goods, or services, is expressed as a percentage of exports of goods and services--all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. This series differs from the standard debt to exports series in that it covers only long-term public and publicly guaranteed debt and repayments (repurchases and charges) to the IMF.