Private Sector Credit Statistics in Gambia (2026)
According to World Bank World Development Indicators data, domestic credit to the private sector in the Gambia came to 9.4% of GDP in 2024. Up from 8.7% of GDP in 2023 to 9.4% of GDP in 2024 (+0.7 percentage points). Gambia ranks #24 of 35 economies in Sub-Saharan Africa on this measure, and #147 of 160 globally.
Key Statistics
- Latest value (2024)
- 9.4% of GDP (2024)
- Private Sector Credit in the Gambia as of 2024, the most recent observation in World Bank World Development Indicators data.
- Change since 2023
- +0.7 pp (2024)
- Up from 8.7% of GDP in 2023 to 9.4% of GDP in 2024 (+0.7 percentage points).
- Earliest value in this dataset (1990)
- 11% of GDP (1990)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 11% of GDP in 1990 to 9.4% of GDP in 2024.
- Peak value (2003)
- 11.8% of GDP (2003)
- Highest value in the available series; the 2024 value is 9.4% of GDP.
- Rank in Sub-Saharan Africa
- #24 of 35 (2024)
- The Gambia ranks 24 of 35 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #147 of 160 (2024)
- The Gambia ranks 147 of 160 countries with data globally.
- Sub-Saharan Africa average
- 20.8% of GDP (2024)
- The Gambia (9.4% of GDP) is below the average of 20.8% of GDP across the 35 countries in Sub-Saharan Africa with data.
- Domestic credit to private sector by banks (% of GDP) (2024)
- 9.1% (2024)
- Related indicator from World Bank World Development Indicators.
- Outstanding loans from commercial banks, percent of GDP (2024)
- 10.8% (2024)
- Related indicator from IMF Financial Access Survey (alternative source for cross-checking; not merged with the main series).
- 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, 1990–2024
| Year | % of GDP | Change |
|---|---|---|
| 2024 | 9.4% | +0.7 pp |
| 2023 | 8.7% | −0.9 pp |
| 2022 | 9.6% | +0.7 pp |
| 2021 | 8.9% | +0.7 pp |
| 2020 | 8.2% | −0.0 pp |
| 2019 | 8.2% | +1.1 pp |
| 2018 | 7.1% | +1.0 pp |
| 2017 | 6.1% | −2.7 pp |
| 2014 | 8.8% | −1.1 pp |
| 2013 | 10% | −0.1 pp |
| 2012 | 10.1% | −0.3 pp |
| 2011 | 10.4% | +0.9 pp |
| 2010 | 9.5% | +0.3 pp |
| 2009 | 9.2% | +0.4 pp |
| 2008 | 8.7% | +1.2 pp |
| 2007 | 7.5% | +0.3 pp |
| 2006 | 7.2% | +1.4 pp |
| 2005 | 5.9% | +0.8 pp |
| 2004 | 5% | −6.7 pp |
| 2003 | 11.8% | +1.1 pp |
| 2002 | 10.7% | +2.4 pp |
| 2001 | 8.3% | +1.6 pp |
| 2000 | 6.7% | +0.1 pp |
| 1999 | 6.6% | +0.9 pp |
| 1998 | 5.7% | +0.3 pp |
| 1997 | 5.4% | +1.1 pp |
| 1996 | 4.4% | −0.5 pp |
| 1995 | 4.8% | −0.8 pp |
| 1994 | 5.6% | +0.1 pp |
| 1993 | 5.5% | +1.7 pp |
| 1992 | 3.7% | −1.4 pp |
| 1991 | 5.2% | −5.8 pp |
| 1990 | 11% | — |
Frequently asked questions
What is the latest figure for domestic credit to the private sector in the Gambia?
Domestic credit to the private sector in the Gambia stood at 9.4% of GDP in 2024, according to World Bank World Development Indicators data.
How does the Gambia compare with other countries in Sub-Saharan Africa?
The Gambia ranks 24 of 35 countries in Sub-Saharan Africa with data, with 9.4% of GDP versus a regional average of 20.8% of GDP (latest values per country).
Where does the Gambia rank globally on private sector credit?
The Gambia ranks 147 of 160 countries with data globally, based on the latest World Bank World Development Indicators value for each country.
When did private sector credit in the Gambia peak?
The highest value in the available series was 11.8% of GDP in 2003; the latest (2024) value is 9.4% of GDP.
How recent is the private sector credit data for the Gambia?
The most recent observation is from 2024. World Bank World Development Indicators data is reported with a lag, so 2024 is the latest available year for the Gambia.
Source & methodology
Source: World Bank, World Development Indicators, indicator
FS.AST.PRVT.GD.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 .