The Gambia - Total reserves (includes gold, current US$)

The latest value for Total reserves (includes gold, current US$) in The Gambia was $652,671,000 as of 2021. Over the past 57 years, the value for this indicator has fluctuated between $652,671,000 in 2021 and $1,733,937 in 1985.

Definition: Total reserves comprise holdings of monetary gold, special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities. The gold component of these reserves is valued at year-end (December 31) London prices. Data are in current U.S. dollars.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1964 $5,850,000
1965 $7,950,000
1966 $9,450,000
1967 $8,370,000
1968 $6,550,000
1969 $5,990,000
1970 $8,110,000
1971 $10,939,430
1972 $11,384,580
1973 $16,240,630
1974 $28,045,550
1975 $28,551,680
1976 $20,635,250
1977 $24,394,650
1978 $26,072,160
1979 $1,928,959
1980 $5,670,000
1981 $3,948,198
1982 $8,386,497
1983 $2,917,513
1984 $2,259,209
1985 $1,733,937
1986 $13,562,850
1987 $25,757,390
1988 $19,049,150
1989 $20,589,300
1990 $55,386,780
1991 $67,615,340
1992 $94,033,760
1993 $105,752,900
1994 $98,016,030
1995 $106,146,500
1996 $102,133,800
1997 $96,038,250
1998 $106,362,100
1999 $111,246,400
2000 $109,431,100
2001 $106,013,200
2002 $106,877,400
2003 $59,306,560
2004 $83,774,360
2005 $98,312,850
2006 $120,616,000
2007 $142,784,400
2008 $116,517,100
2009 $224,175,100
2010 $201,627,600
2011 $223,241,900
2012 $236,241,400
2013 $210,553,600
2014 $159,330,800
2015 $111,040,200
2016 $87,635,580
2017 $169,970,000
2018 $191,773,300
2019 $256,957,400
2020 $387,046,400
2021 $652,671,000

Development Relevance: The balance of payments records an economy’s transactions with the rest of the world. Balance of payments accounts are divided into two groups: the current account, which records transactions in goods, services, primary income, and secondary income, and the capital and financial account, which records capital transfers, acquisition or disposal of nonproduced, nonfinancial assets, and transactions in financial assets and liabilities. The current account balance is one of the most analytically useful indicators of an external imbalance. A primary purpose of the balance of payments accounts is to indicate the need to adjust an external imbalance. Where to draw the line for analytical purposes requires a judgment concerning the imbalance that best indicates the need for adjustment. There are a number of definitions in common use for this and related analytical purposes. The trade balance is the difference between exports and imports of goods. From an analytical view it is arbitrary to distinguish goods from services. For example, a unit of foreign exchange earned by a freight company strengthens the balance of payments to the same extent as the foreign exchange earned by a goods exporter. Even so, the trade balance is useful because it is often the most timely indicator of trends in the current account balance. Customs authorities are typically able to provide data on trade in goods long before data on trade in services are available.

Limitations and Exceptions: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.

Statistical Concept and Methodology: The balance of payments (BoP) is a double-entry accounting system that shows all flows of goods and services into and out of an economy; all transfers that are the counterpart of real resources or financial claims provided to or by the rest of the world without a quid pro quo, such as donations and grants; and all changes in residents' claims on and liabilities to nonresidents that arise from economic transactions. All transactions are recorded twice - once as a credit and once as a debit. In principle the net balance should be zero, but in practice the accounts often do not balance, requiring inclusion of a balancing item, net errors and omissions.

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments