Business Working Capital Financing Statistics in Gambia (2026)
According to World Bank World Development Indicators data, 15% of firms in the Gambia used banks to finance working capital in 2023. Up from 13.7% in 2018 to 15% in 2023 (+1.3 percentage points). Gambia ranks #27 of 45 economies in Sub-Saharan Africa on this measure, and #108 of 145 globally.
Key Statistics
- Latest value (2023)
- 15% (2023)
- Business Working Capital Financing in the Gambia as of 2023, the most recent observation in World Bank World Development Indicators data.
- Change since 2018
- +1.3 pp (2023)
- Up from 13.7% in 2018 to 15% in 2023 (+1.3 percentage points).
- Earliest value in this dataset (2006)
- 14.3% (2006)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 14.3% in 2006 to 15% in 2023.
- Record high (2023)
- 15% (2023)
- The 2023 value is the highest in the available World Bank World Development Indicators series for the Gambia.
- Rank in Sub-Saharan Africa
- #27 of 45 (2023)
- The Gambia ranks 27 of 45 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #108 of 145 (2023)
- The Gambia ranks 108 of 145 countries with data globally.
- Sub-Saharan Africa average
- 20.6% (2023)
- The Gambia (15%) is below the average of 20.6% across the 45 countries in Sub-Saharan Africa with data.
- Firms with a bank loan/line of credit (% of firms) (2023)
- 8.8% (2023)
- Related indicator from World Bank World Development Indicators.
- Internet use in the Gambia (2024)
- 49.5% (2024)
- 49.5% of the population in the Gambia used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 2.8 million (2024)
- The Gambia had a population of 2.8 million in 2024 (World Bank); shown for scale only.
Trend, 2006–2023
| Year | % of firms | Change |
|---|---|---|
| 2023 | 15% | +1.3 pp |
| 2018 | 13.7% | −0.6 pp |
| 2006 | 14.3% | — |
Frequently asked questions
What share of firms in the Gambia used banks to finance working capital?
15% of firms in the Gambia used banks to finance working capital in 2023, according to World Bank World Development Indicators data.
How does the Gambia compare with other countries in Sub-Saharan Africa?
The Gambia ranks 27 of 45 countries in Sub-Saharan Africa with data, with 15% versus a regional average of 20.6% (latest values per country).
Where does the Gambia rank globally on business working capital financing?
The Gambia ranks 108 of 145 countries with data globally, based on the latest World Bank World Development Indicators value for each country.
Source & methodology
Source: World Bank, World Development Indicators, indicator
IC.FRM.BKWC.ZS, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .