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

The latest value for External debt stocks, long-term (DOD, current US$) in The Gambia was $646,596,400 as of 2020. Over the past 50 years, the value for this indicator has fluctuated between $674,416,600 in 2006 and $5,076,000 in 1970.

Definition: Long-term debt is debt that has an original or extended maturity of more than one year. It has three components: public, publicly guaranteed, and private nonguaranteed 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 $25,827,150
1978 $24,532,730
1979 $47,540,140
1980 $97,324,090
1981 $132,273,700
1982 $147,410,100
1983 $151,731,800
1984 $151,705,600
1985 $176,699,700
1986 $212,130,300
1987 $265,492,500
1988 $276,980,800
1989 $288,962,200
1990 $308,447,000
1991 $322,452,900
1992 $346,226,200
1993 $350,159,200
1994 $368,066,000
1995 $385,473,800
1996 $411,862,500
1997 $401,195,500
1998 $433,604,000
1999 $431,194,000
2000 $437,959,700
2001 $435,375,300
2002 $507,400,600
2003 $568,085,900
2004 $621,430,900
2005 $616,539,100
2006 $674,416,600
2007 $664,037,200
2008 $365,696,200
2009 $409,639,500
2010 $426,354,000
2011 $424,786,100
2012 $425,330,000
2013 $444,279,100
2014 $424,760,200
2015 $434,831,400
2016 $429,403,000
2017 $553,189,000
2018 $585,940,300
2019 $611,256,400
2020 $646,596,400

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