Gambia: Foreign exchange reserves
* indicates monthly or quarterly data series
The most recent value is 30.54 billion Gambian Dalasi as of July 2024, a decline compared to the previous value of 32.58 billion Gambian Dalasi. Historically, the average for the Gambia from June 2004 to July 2024 is 8.96 billion Gambian Dalasi. The minimum of 2.18 billion Gambian Dalasi was recorded in February 2016, while the maximum of 33.57 billion Gambian Dalasi was reached in January 2024.
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* indicates monthly or quarterly data series
- Measure: billion Gambian Dalasi
- Source: Central Bank of the Gambia
| Recent values | Gambia: Foreign exchange reserves, billion currency units |
|---|---|
| 2024 Jul | 30.54 |
| 2024 Jun | 32.58 |
| 2024 May | 31.33 |
| 2024 Apr | 32.14 |
| 2024 Mar | 32.19 |
| 2024 Feb | 32.83 |
| 2024 Jan | 33.57 |
| 2023 Dec | 30.61 |
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Definition: Foreign exchange reserves consist of foreign currency, deposits denominated in foreign
currency, Monetary Gold, Special Drawing Rights (SDRs) and Reserve position in the
International Monetary Fund (IMF). Foreign exchange reserves are held by monetary authorities
to finance trade imbalances, check the impact of foreign exchange fluctuations and address
other issues under the purview of the central bank.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 97.46 | 2021 | percent |
| Trade openness | 40.59 | 2023 | percent |
| Financial openness | 2.299 | 2021 | index points |
| Exports, percent of GDP | 5.45 | 2023 | percent |
| Exports, billion dollars | 0.13 | 2023 | billion U.S. dollars |
| Growth of exports | 18.90 | 2023 | percent |
| Imports, percent of GDP | 35.14 | 2023 | percent |
| Imports, billion dollars | 0.82 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 10.58 | 2022 | percent |
| Foreign Direct Investment, billion dollars | 0.23 | 2022 | billion U.S. dollars |
| Portfolio investment inflows, equities | 0.00 | 1994 | million dollars (current) |
| Current account, percent of GDP | -7.60 | 2023 | percent |
| Current account, in dollars | -0.09 | 2022 | billion U.S. dollars |
| Trade balance, percent of GDP | -26.20 | 2022 | percent |
| Trade balance, in dollars | -0.56 | 2022 | billion U.S. dollars |
| Reserves | 0.58 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 26.82 | 2023 | percent |
| Remittances | 627.52 | 2023 | million U.S. dollars |
| Net errors and omissions | -240.78 | 2022 | million USD |
| External debt | 52.39 | 2022 | percent |
| Short-term external debt | 3.58 | 2022 | percent |
| Short-term debt to reserves | 7.12 | 2022 | percent |
| Foreign exchange reserves | 30.54 | 7/2024 | billion |