The Gambia’s central government debt fluctuated significantly, with peaks in 2002 at due to fiscal mismanagement and external borrowing. A sharp reduction occurred in 2007, with debt dropping to , attributed to debt relief under the HIPC Initiative.
However, rising public expenditures and external shocks led to another surge, with debt ratios exceeding after 2016. By 2020, pandemic-related impacts further increased the ratio to , with minimal improvement by 2022 when the debt remained high at , highlighting persistent fiscal challenges.
However, rising public expenditures and external shocks led to another surge, with debt ratios exceeding after 2016. By 2020, pandemic-related impacts further increased the ratio to , with minimal improvement by 2022 when the debt remained high at , highlighting persistent fiscal challenges.
Gain a broader perspective by reviewing Gambia’s industry sector GDP share, Gambia’s military personnel overview, Gambia’s fluctuating mortality rate.
