Net Current Account Total for Gambia, The
GMBBCABP6GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.16
Year-over-Year Change
-56.96%
Date Range
1/1/2000 - 1/1/2026
Summary
The Net Current Account Total for Gambia, The measures the balance of trade and investment income flows between Gambia and the rest of the world. This metric is a key indicator of Gambia's external economic position and competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Net Current Account Total represents the difference between Gambia's total exports and imports of goods, services, and investment income. It reflects Gambia's participation in global trade and investment networks, and is used by economists and policymakers to assess the country's external economic stability and development.
Methodology
The data is collected and calculated by the Central Bank of Gambia based on Gambia's balance of payments reporting.
Historical Context
The Net Current Account Total is closely monitored by the Gambian government and international institutions like the IMF to inform macroeconomic and trade policies.
Key Facts
- Gambia has run a persistent current account deficit since the 1980s.
- Tourism and remittances are major components of Gambia's current account.
- The current account deficit is financed largely through foreign aid and investment.
FAQs
Q: What does this economic trend measure?
A: The Net Current Account Total for Gambia, The measures the balance of trade in goods, services, and investment income between Gambia and the rest of the world.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of Gambia's external economic position and competitiveness, and is closely monitored by policymakers to assess the country's external stability and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Bank of Gambia based on the country's balance of payments reporting.
Q: How is this trend used in economic policy?
A: The Net Current Account Total is used by the Gambian government and international institutions like the IMF to inform macroeconomic and trade policies.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication schedule and revision processes of the Central Bank of Gambia's balance of payments reporting.
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Citation
U.S. Federal Reserve, Net Current Account Total for Gambia, The (GMBBCABP6GDPPT), retrieved from FRED.