Gambia recorded a Current Account deficit of 5.40 percent of the country's Gross Domestic Product in 2019. source: Central Bank of The Gambia

Current Account to GDP in Gambia averaged -6.73 percent from 1978 until 2019, reaching an all time high of 12.10 percent in 1988 and a record low of -37.57 percent in 1980. This page provides - Gambia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Gambia Current Account to GDP - values, historical data and charts - was last updated on January of 2021.

Current Account to GDP in Gambia is expected to reach -12.00 percent by the end of 2020, 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 -10.50 percent in 2021 and -8.00 percent in 2022, according to our econometric models.

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Gambia Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-5.40 -12.20 12.10 -37.57 1978 - 2019 percent Yearly

Gambia Trade Last Previous Highest Lowest Unit
Balance of Trade -2217741.00 -2359006.00 -18264.00 -6674476.00 GMD Thousands [+]
Current Account 0.79 -12.36 43.00 -89.11 USD Million [+]
Current Account to GDP -5.40 -12.20 12.10 -37.57 percent [+]
Imports 2243365.00 2361687.00 6688215.00 18264.00 GMD Thousands [+]
Exports 25624.00 2680.00 362879.00 0.00 GMD Thousands [+]
Terrorism Index 0.00 0.00 0.38 0.00 [+]
Tourist Arrivals 0.00 0.00 34596.00 0.00 Persons [+]
Capital Flows 22.32 22.32 77.73 -53.96 USD Million [+]


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.