Official External Debt: Debtor Based for Gambia, The
GMBDGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.65
Year-over-Year Change
5.89%
Date Range
1/1/2000 - 1/1/2026
Summary
The 'Official External Debt: Debtor Based for Gambia, The' trend measures Gambia's total external debt as a percentage of its gross domestic product (GDP). This metric is crucial for assessing the country's debt sustainability and ability to service its foreign obligations.
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
This economic indicator provides insight into Gambia's reliance on external financing and the potential risks associated with its debt levels. It is widely used by policymakers, economists, and international organizations to evaluate the country's financial stability and creditworthiness.
Methodology
The data is collected and calculated by the World Bank based on reports from national authorities and debt instruments.
Historical Context
Monitoring this trend is essential for informing fiscal and monetary policies, as well as attracting foreign investment and ensuring sustainable economic growth.
Key Facts
- Gambia's external debt as a percentage of GDP was 58.8% in 2021.
- Gambia's external debt has increased from 39.4% of GDP in 2010 to 58.8% in 2021.
- High external debt levels can constrain a country's ability to finance economic development and invest in its future.
FAQs
Q: What does this economic trend measure?
A: The 'Official External Debt: Debtor Based for Gambia, The' trend measures Gambia's total external debt as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for assessing Gambia's debt sustainability and ability to service its foreign obligations, which is essential for informing fiscal and monetary policies, as well as attracting foreign investment and ensuring sustainable economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on reports from national authorities and debt instruments.
Q: How is this trend used in economic policy?
A: Monitoring this trend is essential for policymakers, economists, and international organizations to evaluate Gambia's financial stability and creditworthiness, and to inform fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is subject to the reporting and publication schedules of the World Bank, which may result in occasional update delays.
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Citation
U.S. Federal Reserve, Official External Debt: Debtor Based for Gambia, The (GMBDGGDPPT), retrieved from FRED.