Short-term debt in Gambia
Gambia: Short-term debt was 3.7% in 2024. ◆ Volatile
Short-term debt in Gambia, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of total external debt.
Analysis
The most recent figure for short-term debt in Gambia is 3.7%, measured in 2024.
That represents a change of down 45.6% on the previous year and up 53.3% over ten years.
Over the whole period, short-term debt in Gambia peaked at 24.6% in 1979 and was at its lowest, 0.0%, in 1970.
Gambia ranks 89th of 121 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Short-term debt in Gambia, year by year
| Year | % of total external debt | Change |
|---|---|---|
| 1970 | 0.0% | — |
| 1971 | 0.0% | — |
| 1972 | 0.0% | — |
| 1973 | 0.0% | — |
| 1974 | 0.0% | — |
| 1975 | 0.0% | — |
| 1976 | 0.0% | — |
| 1977 | 18.5% | — |
| 1978 | 20.2% | +9.2% |
| 1979 | 24.6% | +22.2% |
| 1980 | 17.0% | -30.9% |
| 1981 | 10.5% | -38.3% |
| 1982 | 9.5% | -9.7% |
| 1983 | 11.8% | +24.1% |
| 1984 | 19.8% | +68.4% |
| 1985 | 14.4% | -27.1% |
| 1986 | 10.5% | -27.0% |
| 1987 | 7.2% | -32.1% |
| 1988 | 4.2% | -41.6% |
| 1989 | 3.3% | -21.4% |
| 1990 | 4.3% | +29.7% |
| 1991 | 5.4% | +25.6% |
| 1992 | 5.3% | -0.1% |
| 1993 | 10.0% | +87.0% |
| 1994 | 5.6% | -44.2% |
| 1995 | 3.5% | -37.7% |
| 1996 | 5.0% | +43.5% |
| 1997 | 3.1% | -37.6% |
| 1998 | 3.4% | +8.2% |
| 1999 | 4.7% | +39.5% |
| 2000 | 5.6% | +18.7% |
| 2001 | 5.4% | -2.9% |
| 2002 | 6.4% | +18.4% |
| 2003 | 5.1% | -20.6% |
| 2004 | 4.0% | -22.2% |
| 2005 | 3.4% | -14.3% |
| 2006 | 2.5% | -25.8% |
| 2007 | 3.1% | +24.2% |
| 2008 | 4.1% | +30.2% |
| 2009 | 8.2% | +100.8% |
| 2010 | 8.2% | +0.7% |
| 2011 | 0.2% | -97.9% |
| 2012 | 4.0% | +2186.6% |
| 2013 | 2.2% | -44.6% |
| 2014 | 2.4% | +10.7% |
| 2015 | 2.1% | -14.2% |
| 2016 | 2.9% | +36.8% |
| 2017 | 1.9% | -33.3% |
| 2018 | 2.4% | +26.1% |
| 2019 | 3.0% | +26.3% |
| 2020 | 3.0% | -1.8% |
| 2021 | 3.4% | +13.7% |
| 2022 | 3.4% | +0.7% |
| 2023 | 6.9% | +101.0% |
| 2024 | 3.7% | -45.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.3% | 0.0% | 24.6% | 10 |
| 1980s | 10.8% | 3.3% | 19.8% | 10 |
| 1990s | 5.0% | 3.1% | 10.0% | 10 |
| 2000s | 4.8% | 2.5% | 8.2% | 10 |
| 2010s | 2.9% | 0.2% | 8.2% | 10 |
| 2020s | 4.1% | 3.0% | 6.9% | 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 short-term debt in Gambia?
- Short-term debt in Gambia was 3.7% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Gambia?
- The highest recorded value was 24.6% in 1979.
- What is the lowest short-term debt recorded in Gambia?
- The lowest recorded value was 0.0% in 1970.
- How does Gambia rank for short-term debt?
- Gambia ranks 89th out of 121 countries with data for 2024.
- Is short-term debt rising or falling in Gambia?
- Over the last ten years it is up 53.3%. The long-run trend across the full record is volatile.
- Where does this Gambia data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Short-term debt (% of total external debt). Statizoid updates them automatically from the source API.
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About this data
Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. 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.