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Gambia's Overall Balance (% of GDP): Net Lending/Borrowing Trends and Forecasts (2000-2029)

Gambia's Overall Balance (% of GDP): Net Lending/Borrowing Trends and Forecasts (2000-2029)

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TGM StatBox. (2024). Gambia's Overall Balance (% of GDP): Net Lending/Borrowing Trends and Forecasts (2000-2029). TGM StatBox.
Chart Details
Data Source: International Monetary Fund (IMF)
Timeframe: 1990-2023
Country: Gambia
Published date: 2024
Note: Net lending/borrowing, also referred to as the overall balance, is a measure of a country's fiscal position, expressed as a percentage of its Gross Domestic Product (GDP). According to the International Monetary Fund (IMF), it indicates the difference between government revenues and expenditures, including any borrowing or lending to other sectors.
Key Takeaways
The Gambia's fiscal trends highlight volatility linked to economic and political shifts. In the 2000s, deficits were moderate, averaging -3.0%. A worsening fiscal situation emerged in the mid-2010s, with deficits peaking at -6.2% in 2016, reflecting rising public spending and economic mismanagement.

Recent improvements have seen deficits narrow to -3.0% in 2023, with projections indicating further progress to -1.1% by 2029. Sustained fiscal discipline and structural reforms will be key to maintaining this trajectory.

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