National Debt (% of GDP): Gambia, The

Analysis# Gambia, The National Debt (% of GDP) Gambia's national debt stood at 70% of GDP in 2026, reflecting steady progress toward fiscal consolidation. The country's debt burden has declined 4.5 percentage points since 2000, though it remains well above the 38% low recorded in 2007. The all-time peak of 93.9% in 2002 underscores the severity of Gambia's earlier debt crisis, from which the nation has gradually recovered over two decades. A decisive downward shift began in 2023, when debt fell to 80.2% after hovering near 85% throughout the previous five years. The recent trajectory from 2023 onward—dropping from 80.2% to the projected 70% by 2026—signals accelerating debt reduction. If this momentum continues, Gambia will approach levels not seen since 2008, suggesting improving macroeconomic management and stronger fiscal discipline.