National Savings: Gambia, The
Gambia, The's national savings is currently 21.585 % of GDP as of 2026. # Gambia, The National Savings Gambia's national savings reached 21.
Current (2026)
21.585 % of GDP
+12.2% y/y
Peak (2026)
21.585 % of GDP
Low (2008)
2.891 % of GDP
Source
IMF World Economic Outlook
2004–2026 · 23 pts
National Savings — Gambia, The
2004 — 2026
National Savings — Gambia, The
Analysis# Gambia, The National Savings
Gambia's national savings reached 21.585% of GDP in 2026, marking an all-time peak and representing a remarkable 86.7% increase since 2004. The metric has recovered substantially from its nadir of 2.891% in 2008, when the global financial crisis devastated savings rates across developing economies. This upward trajectory reflects nearly two decades of improved economic resilience and household financial behavior.
The most significant recovery occurred between 2018 and 2022, when savings surged from a low of 6.17% to 20.631%—a critical turning point driven by sustained economic growth and policy reforms. Minor fluctuations in 2023 and 2024 suggest some volatility, but the 2026 projection indicates a renewed upward trend. Gambia's savings rate now stands among its strongest recorded levels, positioning the country for continued capital accumulation and investment capacity.
Historical Data
23 Rows| Year | Value | Change % |
|---|---|---|
| 2026 | 21.585 % of GDP | +12.21% |
| 2025 | 19.237 % of GDP | +3.78% |
| 2024 | 18.537 % of GDP | -7.24% |
| 2023 | 19.983 % of GDP | -3.14% |
| 2022 | 20.631 % of GDP | +14.27% |
| 2021 | 18.055 % of GDP | +21.92% |
| 2020 | 14.809 % of GDP | +10.84% |
| 2019 | 13.361 % of GDP | +116.55% |
| 2018 | 6.17 % of GDP | -53.44% |
| 2017 | 13.252 % of GDP | +295.82% |
| 2016 | 3.348 % of GDP | -8.27% |
| 2015 | 3.65 % of GDP | -51.39% |
| 2014 | 7.509 % of GDP | +5.30% |
| 2013 | 7.131 % of GDP | -48.31% |
| 2012 | 13.796 % of GDP | +156.48% |
| 2011 | 5.379 % of GDP | +43.17% |
| 2010 | 3.757 % of GDP | -25.46% |
| 2009 | 5.04 % of GDP | +74.33% |
| 2008 | 2.891 % of GDP | -60.53% |
| 2007 | 7.324 % of GDP | -35.40% |
Show all 23 rows
| Year | Value | Change % |
|---|---|---|
| 2006 | 11.338 % of GDP | +51.11% |
| 2005 | 7.503 % of GDP | -35.09% |
| 2004 | 11.559 % of GDP | — |
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