Gambia recorded a Government Budget deficit equal to 4.10 percent of the country's Gross Domestic Product in 2019.

Government Budget in Gambia averaged -5.19 percent of GDP from 2002 until 2019, reaching an all time high of 0.10 percent of GDP in 2007 and a record low of -8.10 percent of GDP in 2014. This page provides - Gambia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Gambia Government Budget - values, historical data and charts - was last updated on August of 2020.

Government Budget in Gambia is expected to reach -3.60 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Gambia Government Budget is projected to trend around -3.00 percent of GDP in 2021 and -2.70 percent of GDP in 2022, according to our econometric models.

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Gambia Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-4.10 -6.60 0.10 -8.10 2002 - 2019 percent of GDP Yearly

Gambia Government Last Previous Highest Lowest Unit
Government Debt to GDP 81.80 65.60 117.40 35.10 percent [+]
Government Budget -4.10 -6.60 0.10 -8.10 percent of GDP [+]
Military Expenditure 11.30 14.90 16.40 0.70 USD Million [+]
Credit Rating 15.00 [+]
Government Budget Value -1415.66 -700.68 95.19 -2929.01 Dalasi Million [+]
Government Revenues 4680.45 4372.09 4932.66 571.00 Dalasi Million [+]
Fiscal Expenditure 4296.59 4805.45 5525.46 893.96 Dalasi Million [+]


Gambia Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.