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Economy of Gambia vs Indonesia compared: GDP & Debt

Updated on by Georank team

The Gambia has a GDP of $2.4B compared to $1.4T for Indonesia, ranking 174/197 and 16/197 by economy size, respectively.

The Gambia has $1.92B in government debt (80% of GDP), compared to $561B (40.2% of GDP) in Indonesia.

Gambia vs Indonesia GDP by year

Gambia
Indonesia
1x
Year GDP, current $
Gambia Indonesia
2024 $2,404,888,749 $1,396,300,098,191
2023 $2,382,262,185 $1,371,169,301,564
2022 $2,204,734,528 $1,319,101,183,380
2021 $2,014,158,842 $1,186,509,691,087
2020 $1,812,170,891 $1,059,054,842,698
2019 $1,813,609,692 $1,119,099,871,350
2018 $1,670,671,328 $1,042,271,532,989
2017 $1,504,909,463 $1,015,618,744,160
2016 $1,484,578,886 $931,877,364,038
2015 $1,378,176,609 $860,854,232,686
2014 $1,229,461,721 $890,814,755,534
2013 $1,375,609,453 $912,524,136,718
2012 $1,415,004,738 $917,869,913,333
2011 $1,409,693,597 $892,969,104,563
2010 $1,543,294,927 $755,094,157,622
2009 $1,450,142,509 $539,580,085,612
2008 $1,561,766,956 $510,228,634,992
2007 $1,279,703,047 $432,216,737,775
2006 $1,054,112,488 $364,570,515,618
2005 $1,027,701,068 $285,868,619,196
2004 $961,900,651 $256,836,875,295
2003 $487,038,685 $234,772,463,824
2002 $578,235,309 $195,660,611,165
2001 $687,410,645 $160,446,947,785
2000 $782,913,872 $165,021,012,078
1999 $814,724,032 $140,001,351,215
1998 $840,285,265 $95,445,547,873
1997 $803,633,342 $215,748,998,610
1996 $848,239,446 $227,369,679,375
1995 $785,999,865 $202,132,028,723
1994 $746,493,952 $176,892,143,932
1993 $755,040,974 $158,006,700,302
1992 $714,254,256 $128,026,966,580
1991 $690,311,081 $116,621,996,217
1990 $317,083,695 $106,140,727,334
1989 $284,120,329 $94,451,427,877
1988 $266,672,212 $84,300,174,486
1987 $220,626,484 $75,929,617,558
1986 $185,646,987 $79,954,072,545
1985 $225,726,359 $85,289,488,375
1984 $177,340,880 $84,853,700,028
1983 $213,448,585 $81,052,283,384
1982 $216,050,552 $90,158,449,295
1981 $218,767,743 $85,518,233,419
1980 $241,083,090 $72,482,337,397
1979 $207,112,628 $51,400,186,343
1978 $171,833,086 $51,455,719,076
1977 $138,093,099 $45,808,915,663
1976 $112,190,829 $37,269,156,627
1975 $115,179,719 $30,463,855,422
1974 $95,796,022 $25,802,409,639
1973 $75,187,749 $16,273,253,012
1972 $59,160,569 $10,997,590,361
1971 $55,728,663 $9,333,536,370
1970 $52,296,084 $9,150,684,932
1969 $45,168,072 $8,337,423,313
1968 $41,160,066 $7,076,465,300
1967 $46,695,007 $5,667,756,628
1966 $44,212,081 -

Data sources: World Bank | Economy & Growth (1966–2024, retrieved 2026-04-06).

GeoRank.org/economy/gambia/indonesia | CC BY

GDP per capita in Gambia vs Indonesia by year

Gambia
GDP per capita

GDP per capita, PPP
Indonesia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Gambia Indonesia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $871 $3,476 $4,925 $16,448
2023 $883 $3,289 $4,876 $15,416
2022 $836 $3,067 $4,731 $14,285
2021 $782 $2,778 $4,287 $12,757
2020 $720 $2,531 $3,854 $11,729
2019 $738 $2,422 $4,107 $11,986
2018 $696 $2,277 $3,861 $11,372
2017 $643 $2,039 $3,799 $10,688
2016 $650 $2,013 $3,521 $10,263
2015 $620 $1,990 $3,288 $10,028
2014 $568 $1,934 $3,441 $10,065
2013 $654 $2,007 $3,567 $9,866
2012 $693 $2,065 $3,632 $9,530
2011 $711 $2,064 $3,579 $8,937
2010 $801 $2,267 $3,066 $8,353
2009 $775 $2,177 $2,218 $7,868
2008 $859 $2,088 $2,125 $7,569
2007 $725 $1,985 $1,823 $7,096
2006 $615 $1,931 $1,558 $6,583
2005 $616 $1,938 $1,238 $6,134
2004 $593 $1,979 $1,127 $5,700
2003 $309 $1,850 $1,043 $5,353
2002 $377 $1,744 $881 $5,076
2001 $460 $1,823 $732 $4,849
2000 $538 $1,731 $764 $4,639
1999 $575 $1,649 $657 $4,386
1998 $610 $1,572 $455 $4,356
1997 $600 $1,544 $1,045 $5,037
1996 $652 $1,489 $1,119 $4,807
1995 $622 $1,472 $1,011 $4,451
1994 $608 $1,473 $900 $4,096
1993 $635 $1,487 $817 $3,793
1992 $623 $1,462 $674 $3,538
1991 $628 $1,440 $624 $3,305
1990 $301 $1,409 $578 $3,044
1989 $280.9 - $524 -
1988 $274.9 - $477 -
1987 $237 - $438 -
1986 $207.7 - $470 -
1985 $262.8 - $511 -
1984 $214.8 - $520 -
1983 $268.6 - $508 -
1982 $282.1 - $578 -
1981 $296 - $561 -
1980 $338 - $487 -
1979 $300 - $353 -
1978 $257.6 - $362 -
1977 $213.8 - $331 -
1976 $179.3 - $275.7 -
1975 $189.8 - $231.1 -
1974 $162.6 - $200.7 -
1973 $131.4 - $129.9 -
1972 $106.5 - $90.1 -
1971 $103.3 - $78.5 -
1970 $99.8 - $79.1 -
1969 $88.7 - $74.1 -
1968 $83.1 - $64.7 -
1967 $97 - $53.2 -
1966 $94.4 - - -

Data sources: World Bank | Economy & Growth (1966–2024, retrieved 2026-04-06).

GeoRank.org/economy/gambia/indonesia | CC BY

The Gambia's GDP per capita is $871, ranking 183/197, compared to $4,925 in Indonesia, ranking 121/197. Adjusted for purchasing power (GDP per capita PPP), the Gambia ranks 172nd at $3,476, while Indonesia ranks 107th at $16,448.

Economic indicators

Gambia Indonesia
Gross domestic product
$2.4B
2024
$1.4T
2024
GDP rank
174/197
2024
16/197
2024
GDP growth
5.55%
2023-2024
5.03%
2023-2024
GDP per capita
$871
2024
$4,925
2024
GDP per capita rank
183/197
2024
121/197
2024
GDP per capita, PPP
$3,476
2024
$16,448
2024
GDP per capita PPP rank
172/197
2024
107/197
2024
Government debt
$1.92B
2024
$561B
2024
Debt-to-GDP ratio
80%
2024
40.2%
2024
Government debt per person
$697
2024
$1,978
2024
Government debt per person rank
155/185
2024
120/185
2024
Average annual personal income after taxes
$741
2026
$3,371
2026
Market capitalization of domestic companies n/a
$758B
2023
Number of millionaires n/a
178,605
2025
Number of billionaires n/a
33
2025
Income share by richest 10%
30.5%
2020
28.8%
2024
Income share by poorest 10%
2.6%
2020
3.5%
2024
Government expenditure, % of GDP
25.8%
2024
16.8%
2024
Consumer prices inflation
11.6%
2023-2024
2.18%
2023-2024
Central bank interest rate
17%
2023
4.75%
2025
Unemployment rate
6.48%
2023
3.31%
2023
Population
2902554
288551776

Spending and national debt comparison by year

Gambia
Spending

Debt
Indonesia
Spending

Debt
1x
Year % of GDP
Gambia Indonesia
Government spending Government debt Government spending Government debt
2024 25.8% 80% 16.8% 40.2%
2023 24.9% 80.2% 16.6% 39.6%
2022 24.6% 83.9% 17.3% 40.1%
2021 21.5% 83.1% 18.1% 41.1%
2020 25.3% 85.9% 18.4% 39.7%
2019 23.9% 83% 16.4% 30.6%
2018 19% 83.6% 16.6% 30.4%
2017 23.6% 87% 16.4% 29.4%
2016 19.4% 80.7% 16.9% 28%
2015 19.6% 69.4% 17.6% 27%
2014 19% 71.1% 18.4% 24.6%
2013 17.2% 58.2% 18.8% 24.9%
2012 19.1% 49.5% 18.8% 23%
2011 16.5% 49.2% 17.7% 23.1%
2010 14.6% 42.9% 16.9% 26.4%
2009 14.4% 38.9% 17% 26.5%
2008 11.6% 39.5% 19.4% 30.3%
2007 11.2% 38% 18.7% 38.1%
2006 14% 87.3% 18.4% 35.8%
2005 12.9% 82.6% 17.4% 42.6%
2004 12.4% 81.3% 17.8% 51.3%
2003 9.3% 91.7% 18.2% 55.6%
2002 8.59% 93.9% 16.9% 62.3%
2001 9.68% 75.2% 19.5% 73.7%
2000 9.54% 73.3% 15.3% 87.4%
1999 - - 15.1% 95.9%
1998 - - 15.1% 72.5%
1997 - - 15.2% 26.4%
1996 - - 11.5% 27.5%
1995 - - 11.9% 32%
1994 - - 13.5% 37%
1993 - - 14.1% 40.4%
1992 - - 16.8% 42.6%
1991 - - 15% 39.2%
1990 - - 15.8% 40.8%
1989 - - 16.5% 42.5%
1988 - - 17.3% 45.6%
1987 - - 18% 49.7%
1986 - - 20.9% 38.3%
1985 - - 18.5% 28%
1984 - - 16.1% 23.5%
1983 - - 18.2% 23.1%
1982 - - 18.8% 18.6%
1981 - - 24.4% 16.4%
1980 - - 22.1% 17.3%
1979 - - 20.9% 22%
1978 - - 20.1% 30.3%
1977 - - 19.5% 27.7%
1976 - - 21.8% 38.1%
1975 - - 20.5% 36.7%
1974 - - 17.3% 34.4%
1973 - - 16.3% 43.1%
1972 - - 15.7% 51.2%
1971 - - 14.5% 50.5%
1970 - - 13.8% 46.7%
1969 - - 12.8% -
1968 - - 8.82% -
1967 - - 10.4% -
1966 - - 9.18% -
1965 - - 10.7% -
1964 - - 9.55% -
1963 - - 10.3% -
1962 - - 7.89% -
1961 - - 15.1% -
1960 - - 14.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1993–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

GeoRank.org/economy/gambia/indonesia | CC BY

In 2024, the Gambia's government spending was $621M, accounting for 25.8% of its GDP, while Indonesia spent $235B, or 16.8% of GDP.

Debt-to-GDP ratio is 80% in the Gambia and 40.2% in Indonesia, ranking 45/185 and 132/185, respectively.

Government deficit by year

Deficit/surplus
Gambia

Indonesia
1x
Year Deficit/surplus, % of GDP
Gambia Indonesia
2024 -4.08% -2.3%
2023 -3.69% -1.64%
2022 -5.72% -2.31%
2021 -4.77% -4.4%
2020 -2.37% -6.07%
2019 -2.75% -2.09%
2018 -3.92% -1.69%
2017 -4.35% -2.26%
2016 -6.22% -2.56%
2015 -5.38% -2.72%
2014 -3.94% -1.8%
2013 -5.11% -1.96%
2012 -2.85% -1.59%
2011 -3.03% -0.7%
2010 -2.93% -1.24%
2009 -1.65% -1.64%
2008 -0.45% 0.05%
2007 0.27% -0.95%
2006 -3.19% 0.45%
2005 -3.33% 0.46%
2004 -1.77% -0.26%
2003 -1.73% -1.08%
2002 0.06% -0.58%
2001 -2.52% -1.76%
2000 -0.09% -1.87%
1999 - -0.96%
1998 - -1.89%
1997 - -1.03%
1996 - 0.96%
1995 - 0.64%
1994 - 0.005%
1993 - -0.59%
1992 - -2.95%
1991 - -0.87%
1990 - -0.55%
1989 - -1.72%
1988 - -2.68%
1987 - -0.9%
1986 - -2.94%
1985 - -0.45%
1984 - 1.83%
1983 - -1%
1982 - -1.11%
1981 - -0.69%
1980 - -0.82%
1979 - -0.67%
1978 - -2.03%
1977 - -0.38%
1976 - -2.63%
1975 - -2.33%
1974 - -0.35%
1973 - -1.33%
1972 - -1.82%
1971 - -2.51%
1970 - -3.02%
1969 - -2.8%
1968 - 0%
1967 - -0.35%
1966 - -5.06%
1965 - -6.62%
1964 - -5.58%
1963 - -5.24%
1962 - -3.1%
1961 - -4.57%
1960 - -1.65%
1959 - -4.06%
1958 - -6.67%
1957 - -2.92%
1956 - -1.38%
1955 - -1.6%
1954 - -3.16%
1953 - -2.33%
1952 - -3.66%
1951 - 1.52%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1951–1992, retrieved 2026-02-20).

GeoRank.org/economy/gambia/indonesia | CC BY

In 2024, the Gambia's government deficit, the difference between spending and revenue, was $98.2M, equivalent to 4.08% of GDP. This compares to Indonesia's deficit of $32.1B, or 2.3% of GDP.

Over the past 25 years, the Gambia recorded a fiscal deficit in 23 of those years, while Indonesia ran a deficit in 22 years. On average, the Gambia posted an annual deficit equal to 3.02% of GDP, compared to deficit of 1.7% of GDP for Indonesia.

Inflation comparison by year

Inflation
Gambia

Indonesia
1x
Year Consumer prices inflation
Gambia Indonesia
2024 11.6% 2.18%
2023 17% 3.67%
2022 11.5% 4.21%
2021 7.37% 1.56%
2020 5.93% 1.92%
2019 7.12% 3.03%
2018 6.52% 3.2%
2017 8.03% 3.81%
2016 7.23% 3.53%
2015 6.81% 6.36%
2014 5.95% 6.39%
2013 5.7% 6.41%
2012 4.25% 4.28%
2011 4.8% 5.36%
2010 5.05% 5.13%
2009 4.56% 4.39%
2008 4.44% 10.2%
2007 5.37% 6.41%
2006 2.06% 13.1%
2005 4.84% 10.5%
2004 14.2% 6.06%
2003 17% 6.76%
2002 8.61% 11.9%
2001 4.49% 11.5%
2000 0.84% 3.69%
1999 3.81% 20.5%
1998 1.11% 58.5%
1997 2.78% 6.23%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/gambia/indonesia | CC BY

Over the past 28 years, the Gambia has recorded an average annual inflation rate of 6.75%, compared with 8.24% in Indonesia. In 2024, inflation was 11.6% in the Gambia and 2.18% in Indonesia.

Top exports between countries

Gambia
Export category Export value
Chemicals & pharma $14K
Indonesia
Export category Export value
Processed food, beverages & tobacco $54.3M
Chemicals & pharma $4.17M
Machinery & equipment $900K
Wood & paper products $410K
Textiles & consumer goods $339K
Raw materials & minerals $152K
Weapons & explosives $65K
Raw agricultural goods $16K
Miscellaneous $3K

Balance of trade

Gambia Indonesia
Current account balance
-$99.8M
2024
-$8.72B
2024
Current account balance ranking
88/190
2024
174/190
2024
Current account balance, % of GDP
-4.15%
2024
-0.62%
2024
Goods imports
$1.39B
2024
$223B
2024
Goods exports
$363M
2024
$263B
2024
Service imports
$161M
2024
$57.6B
2024
Service exports
$485M
2024
$39B
2024
Imports of goods and services, % of GDP
33.4%
2024
20.4%
2024
Exports of goods and services, % of GDP
8.75%
2024
22.2%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Gambia Indonesia
Economic freedom 56.3 65.1
Economic freedom ranking 123/197 67/197
Property rights 55.4 39.7
Government integrity 40.5 42
Judicial effectiveness 45.8 43.1
Tax burden 79.2 81.5
Government spending 81.1 91.4
Fiscal health 54.8 89.8
Business freedom 50.1 69.2
Labor freedom 46.4 56.8
Monetary freedom 57.3 79.4
Trade freedom 64.8 78.6
Investment freedom 50 50
Financial freedom 50 60

Economic freedom comparison by year

Gambia
Indonesia
1x
Year Economic freedom index
Gambia Indonesia
2026 56.3 65.1
2025 56.8 65.2
2024 58.2 63.5
2023 57.9 63.5
2022 58 64.4
2021 58.8 66.9
2020 56.3 67.2
2019 52.4 65.8
2018 52.3 64.2
2017 53.4 61.9
2016 57.1 59.4
2015 57.5 58.1
2014 59.5 58.5
2013 58.8 56.9
2012 58.8 56.4
2011 57.4 56
2010 55.1 55.5
2009 55.8 53.4
2008 56.9 53.2
2007 57.7 53.2
2006 57.3 51.9
2005 56.5 52.9
2004 55.3 52.1
2003 56.3 55.8
2002 57.7 54.8
2001 56.6 52.5
2000 52.7 55.2
1999 52.1 61.5
1998 53.4 63.4
1997 52.9 62
1996 - 61
1995 - 54.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/gambia/indonesia | CC BY

The Economic Freedom Index for the Gambia is 56.3, ranking 123/197, compared to 65.1 for Indonesia, ranking 67/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Gambia Indonesia
Services, % of GDP
56.8%
2024
43.8%
2024
Industry, % of GDP
15.3%
2024
39.3%
2024
Agriculture, forestry, and fishing, % of GDP
20.4%
2024
12.6%
2024
GNI, Atlas method
$2.43B
2024
$1.39T
2024
GNI per capita, PPP
$3,430
2024
$16,010
2024
Total reserves including gold
$629M
2024
$156B
2024
Total reserves ranking
151/177
2024
20/177
2024
Net foreign direct investment
-$232M
2024
-$15.9B
2024
Net inflows of foreign direct investment
$232M
2024
$24.2B
2024
Net outflows of foreign direct investment
-$665K
2024
$8.39B
2024
Servicing debt to the IMF, % of GNI
3.25%
2024
5.65%
2024
Poverty at national poverty lines
53.4%
2020
9%
2024
Gross capital formation, % of GDP
29.9%
2024
31.4%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/gambia/indonesia | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1966–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1951–1999, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.