household debts in the Gambia

Gross debt in the Gambia

The government debt of Gambia refers to the debt of the state proper, but not its federal states, municipalities and institutions.

The government debt in the period from 1991 to 2021 was between 405.7 million and 1.7 billion USD. The highest level of the last years at two billion US Dollar was reached in 2021.

Based on the number of inhabitants, this is a debt of 647 USD per person. For comparison, the average debt per person in the same year in the European Union was 31,701 USD.

Back to overview: Gambia

Gross debt for the last 30 years in millions of USD

YearGambia total% of GDPper capitaEU per capita
1991405.65 M USD58.76%409 USD6,198 USD
1992507.26 M USD71.02%494 USD7,328 USD
1995540.89 M USD68.82%479 USD12,276 USD
1996605.96 M USD71.44%521 USD13,038 USD
1997552.99 M USD68.81%461 USD11,925 USD
1998606.34 M USD72.16%490 USD11,978 USD
1999571.67 M USD70.17%448 USD11,204 USD
2000573.49 M USD73.25%435 USD9,175 USD
2001517.14 M USD75.23%380 USD9,104 USD
2002542.82 M USD93.88%387 USD10,039 USD
2003446.59 M USD91.69%308 USD12,356 USD
2004782.05 M USD81.30%523 USD14,056 USD
2005848.85 M USD82.60%550 USD14,655 USD
2006920.71 M USD87.34%579 USD15,092 USD
2007486.58 M USD38.02%297 USD16,757 USD
2008617.34 M USD39.53%365 USD19,361 USD
2009563.64 M USD38.87%324 USD20,190 USD
2010662.82 M USD42.95%370 USD21,506 USD
2011694.14 M USD49.24%376 USD24,311 USD
2012700.31 M USD49.49%368 USD23,897 USD
2013801.21 M USD58.24%408 USD26,085 USD
2014873.97 M USD71.09%432 USD26,871 USD
2015956.03 M USD69.37%424 USD22,892 USD
20161,201.74 M USD80.95%519 USD23,468 USD
20171,308.96 M USD86.98%550 USD24,441 USD
20181,396.61 M USD83.60%571 USD26,205 USD
20191,504.69 M USD82.97%600 USD25,151 USD
20201,556.44 M USD85.89%605 USD28,902 USD
20211,707.78 M USD83.78%647 USD31,701 USD

Comparison of gross debt per capita with the European Union in U.S. dollars

      Gambia       European Union

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