Gambia recorded a Current Account deficit of 4.10 percent of the country's Gross Domestic Product in 2022. Current Account to GDP in Gambia averaged -6.12 percent of GDP from 1978 until 2022, reaching an all time high of 12.10 percent of GDP in 1988 and a record low of -37.57 percent of GDP in 1980. source: Central Bank of The Gambia

Current Account to GDP in Gambia is expected to reach -5.00 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Gambia Current Account to GDP is projected to trend around -5.20 percent of GDP in 2025 and -5.10 percent of GDP in 2026, according to our econometric models.

Related Last Previous Unit Reference
Capital Flows -78.71 -87.37 USD Million Jun 2022
Current Account -16.52 -34.51 USD Million Dec 2022
Current Account to GDP -4.10 -4.30 percent of GDP Dec 2022

Gambia Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.
Actual Previous Highest Lowest Dates Unit Frequency
-4.10 -4.30 12.10 -37.57 1978 - 2022 percent of GDP Yearly