Public and publicly guaranteed debt service in Gambia
Gambia: Public and publicly guaranteed debt service was 5.2% in 2024. ▲ Rising
Public and publicly guaranteed debt service in Gambia, 1978–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
In 2024, public and publicly guaranteed debt service in Gambia stood at 5.2%.
Compared with earlier readings it is down 2.6% on the previous year and down 68.6% over ten years.
Over the whole period, public and publicly guaranteed debt service in Gambia peaked at 25.1% in 2021 and was at its lowest, 0.6%, in 1979.
That places Gambia 73rd out of 120 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.
Public and publicly guaranteed debt service in Gambia, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1978 | 0.7% | — |
| 1979 | 0.6% | -15.8% |
| 1982 | 13.2% | +2095.4% |
| 1983 | 8.7% | -34.3% |
| 1987 | 10.5% | +20.8% |
| 1988 | 9.5% | -9.1% |
| 1989 | 10.6% | +11.1% |
| 1990 | 17.3% | +64.0% |
| 1991 | 11.3% | -34.8% |
| 1992 | 10.6% | -5.9% |
| 1993 | 10.4% | -2.2% |
| 1994 | 11.6% | +12.1% |
| 1995 | 11.5% | -0.9% |
| 1996 | 8.7% | -24.9% |
| 1997 | 8.4% | -2.6% |
| 2003 | 14.4% | +70.1% |
| 2004 | 14.0% | -2.2% |
| 2005 | 13.4% | -4.9% |
| 2006 | 12.1% | -9.3% |
| 2007 | 11.4% | -6.0% |
| 2008 | 5.1% | -55.5% |
| 2009 | 6.7% | +31.2% |
| 2010 | 8.7% | +31.1% |
| 2011 | 10.5% | +20.4% |
| 2012 | 9.5% | -9.6% |
| 2013 | 10.8% | +14.1% |
| 2014 | 16.7% | +54.1% |
| 2015 | 16.1% | -3.5% |
| 2016 | 19.8% | +22.9% |
| 2017 | 12.7% | -35.6% |
| 2018 | 10.9% | -14.4% |
| 2019 | 10.7% | -1.7% |
| 2020 | 18.4% | +71.8% |
| 2021 | 25.1% | +36.1% |
| 2022 | 12.6% | -49.7% |
| 2023 | 5.4% | -57.3% |
| 2024 | 5.2% | -2.6% |
Gambia compared with similar countries
- Gambia's 5.2% is above the median for low income countries, which is 5.2%, 1.0× the median. (21 countries reporting)
- Gambia's 5.2% is below the median for Sub-Saharan Africa, which is 5.7%, 92% of the median. (43 countries reporting)
Biggest year-on-year movements
Years where Public and publicly guaranteed debt service 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 | +2095.4% | 0.6% | 13.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.7% | 0.6% | 0.7% | 2 |
| 1980s | 10.5% | 8.7% | 13.2% | 5 |
| 1990s | 11.2% | 8.4% | 17.3% | 8 |
| 2000s | 11.0% | 5.1% | 14.4% | 7 |
| 2010s | 12.6% | 8.7% | 19.8% | 10 |
| 2020s | 13.3% | 5.2% | 25.1% | 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)
- Net financial flows, IDA (NFL, current US$), per square kilometre 163.93 NFL, current US$ per square kilometre (2023)
- Net financial flows, IDA (NFL, current US$), annual growth rate -253.71 % change on previous year (2024)
Frequently asked questions
- What is public and publicly guaranteed debt service in Gambia?
- Public and publicly guaranteed debt service in Gambia was 5.2% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest public and publicly guaranteed debt service recorded in Gambia?
- The highest recorded value was 25.1% in 2021.
- What is the lowest public and publicly guaranteed debt service recorded in Gambia?
- The lowest recorded value was 0.6% in 1979.
- How does Gambia rank for public and publicly guaranteed debt service?
- Gambia ranks 73rd out of 120 countries with data for 2024.
- Is public and publicly guaranteed debt service rising or falling in Gambia?
- Over the last ten years it is down 68.6%. 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 Public and publicly guaranteed debt service (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
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About this data
Public and publicly guaranteed debt service to exports of goods, services, and income. Public and publicly guaranteed debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term obligations of public debtors and long-term private obligations guaranteed by a public entity. Exports of goods, services and primary income is the sum of goods (merchandise) exports, exports of (nonfactor) services and income (factor) receipts.