Gambia: Trade balance, in dollars

* indicates monthly or quarterly data series
 Gambia

Trade balance, billion USD

 Latest value -0.56
 Year 2022
 Measure billion U.S. dollars
 Data availability 1978 - 2022
 Average -0.12
 Min - Max -0.58 - -0.01
 Source The World Bank
The latest value from 2022 is -0.56 billion U.S. dollars, an increase from -0.58 billion U.S. dollars in 2021. In comparison, the world average is 3.58 billion U.S. dollars, based on data from 163 countries. Historically, the average for the Gambia from 1978 to 2022 is -0.12 billion U.S. dollars. The minimum value, -0.58 billion U.S. dollars, was reached in 2021 while the maximum of -0.01 billion U.S. dollars was recorded in 1984. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Gambia - Trade balance, in dollars - Recent values chart

Historical series
Gambia - Trade balance, in dollars - historical chart - 1978-2022




Definition: Net trade in goods and services is derived by offsetting imports of goods and services against exports of goods and services. Exports and imports of goods and services comprise all transactions involving a change of ownership of goods and services between residents of one country and the rest of the world. Data are in current U.S. dollars.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 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
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