The Gambia - External debt stocks, total (DOD, current US$)

The latest value for External debt stocks, total (DOD, current US$) in The Gambia was $681,391,000 as of 2018. Over the past 48 years, the value for this indicator has fluctuated between $717,772,700 in 2006 and $5,076,000 in 1970.

Definition: Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Data are in current U.S. dollars.

Source: World Bank, International Debt Statistics.

See also:

Year Value
1970 $5,076,000
1971 $5,479,788
1972 $7,363,301
1973 $8,860,002
1974 $12,224,400
1975 $13,415,000
1976 $15,427,600
1977 $38,015,800
1978 $49,814,430
1979 $81,190,320
1980 $136,794,700
1981 $176,028,500
1982 $207,092,700
1983 $211,728,700
1984 $230,291,900
1985 $245,076,800
1986 $270,132,600
1987 $326,670,300
1988 $325,154,000
1989 $337,733,400
1990 $369,107,800
1991 $383,161,900
1992 $403,393,600
1993 $425,974,600
1994 $422,977,200
1995 $426,068,700
1996 $451,989,900
1997 $424,645,600
1998 $459,520,600
1999 $471,742,700
2000 $490,095,300
2001 $494,465,900
2002 $583,707,800
2003 $643,387,400
2004 $681,059,500
2005 $667,068,100
2006 $717,772,700
2007 $700,067,900
2008 $401,850,400
2009 $528,190,700
2010 $548,018,400
2011 $510,366,400
2012 $546,378,800
2013 $556,525,300
2014 $528,011,700
2015 $532,868,800
2016 $515,976,200
2017 $653,646,600
2018 $681,391,000

Development Relevance: External indebtedness affects a country's creditworthiness and investor perceptions. Nonreporting countries might have outstanding debt with the World Bank, other international financial institutions, or private creditors. Total debt service is contrasted with countries' ability to obtain foreign exchange through exports of goods, services, primary income, and workers' remittances. Debt ratios are used to assess the sustainability of a country's debt service obligations, but no absolute rules determine what values are too high. Empirical analysis of developing countries' experience and debt service performance shows that debt service difficulties become increasingly likely when the present value of debt reaches 200 percent of exports. Still, what constitutes a sustainable debt burden varies by country. Countries with fast-growing economies and exports are likely to be able to sustain higher debt levels.

Statistical Concept and Methodology: Data on external debt are gathered through the World Bank's Debtor Reporting System (DRS). Long term debt data are compiled using the countries report on public and publicly guaranteed borrowing on a loan-by-loan basis and private non guaranteed borrowing on an aggregate basis. These data are supplemented by information from major multilateral banks and official lending agencies in major creditor countries. Short-term debt data are gathered from the Quarterly External Debt Statistics (QEDS) database, jointly developed by the World Bank and the IMF and from creditors through the reporting systems of the Bank for International Settlements. Debt data are reported in the currency of repayment and compiled and published in U.S. dollars. End-of-period exchange rates are used for the compilation of stock figures (amount of debt outstanding), and projected debt service and annual average exchange rates are used for the flows. Exchange rates are taken from the IMF's International Financial Statistics. Debt repayable in multiple currencies, goods, or services and debt with a provision for maintenance of the value of the currency of repayment are shown at book value.

Aggregation method: Sum

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: External debt