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Economy of Gambia vs Israel compared: GDP & Debt

Updated on by Georank

The Gambia has a GDP of $2.59B compared to $611B for Israel, ranking 174/197 and 27/197 by economy size, respectively.

The Gambia has $1.92B in government debt (73.9% of GDP), compared to $418B (68.5% of GDP) in Israel.

Gambia vs Israel GDP by year

Gambia
Israel
1x
Year GDP, current $
Gambia Israel
2025 $2,593,673,988 $610,777,842,874
2024 $2,404,888,738 $542,284,494,491
2023 $2,382,262,185 $513,393,395,492
2022 $2,204,734,528 $525,157,951,213
2021 $2,014,158,842 $489,735,019,666
2020 $1,812,170,891 $410,908,899,711
2019 $1,813,609,692 $399,207,771,082
2018 $1,670,671,328 $375,470,422,244
2017 $1,504,909,463 $357,360,816,857
2016 $1,484,578,886 $321,083,954,798
2015 $1,378,176,609 $302,841,190,258
2014 $1,229,461,721 $314,376,760,832
2013 $1,375,609,453 $298,045,324,736
2012 $1,415,004,738 $263,172,104,091
2011 $1,409,693,597 $267,739,352,609
2010 $1,543,294,927 $239,372,857,534
2009 $1,450,142,509 $213,112,649,594
2008 $1,561,766,956 $220,952,472,408
2007 $1,279,703,047 $184,448,882,452
2006 $1,054,112,488 $158,706,516,002
2005 $1,027,701,068 $147,346,035,831
2004 $961,900,651 $139,925,423,025
2003 $487,038,685 $131,278,887,815
2002 $578,235,309 $125,215,963,105
2001 $687,410,645 $134,889,159,474
2000 $782,913,872 $136,409,902,632
1999 $814,724,032 $121,329,240,042
1998 $840,285,265 $120,468,659,246
1997 $803,633,342 $119,389,303,067
1996 $848,239,446 $115,051,957,577
1995 $785,999,865 $105,432,315,611
1994 $746,493,952 $90,684,108,118
1993 $755,040,974 $79,806,598,120
1992 $714,254,256 $79,408,652,426
1991 $690,311,081 $70,954,941,681
1990 $317,083,695 $61,978,459,022
1989 $284,120,329 $52,411,116,588
1988 $266,672,212 $52,618,458,014
1987 $220,626,484 $43,022,977,765
1986 $185,646,987 $35,812,041,620
1985 $225,726,359 $28,887,898,639
1984 $177,340,880 $30,626,695,891
1983 $213,448,585 $32,655,591,256
1982 $216,050,552 $29,237,231,967
1981 $218,767,743 $26,865,420,933
1980 $241,083,090 $25,379,585,067
1979 $207,112,628 $22,595,788,591
1978 $171,833,086 $17,690,363,444
1977 $138,093,099 $18,245,847,441
1976 $112,190,829 $15,946,502,888
1975 $115,179,719 $16,131,806,290
1974 $95,796,022 $17,162,009,924
1973 $75,187,749 $11,895,229,181
1972 $59,160,569 $9,216,866,299
1971 $55,728,663 $7,048,191,876
1970 $52,296,084 $7,402,142,195
1969 $45,168,072 $6,293,966,357
1968 $41,160,066 $5,455,059,532
1967 $46,695,007 $4,759,447,914
1966 $44,212,081 $4,700,397,692
1965 - $4,326,412,951
1964 - $4,021,861,430
1963 - $3,533,767,055
1962 - $2,964,323,618
1961 - $3,706,297,903
1960 - $3,068,690,949

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Gambia vs Israel by year

Gambia
GDP per capita

GDP per capita, PPP
Israel
GDP per capita

GDP per capita, PPP
1x
Year Current $
Gambia Israel
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $919 - $60,337 -
2024 $871 $3,476 $54,217 $57,236
2023 $883 $3,289 $52,126 $55,171
2022 $836 $3,067 $54,947 $53,619
2021 $782 $2,778 $52,258 $46,162
2020 $720 $2,531 $44,591 $40,955
2019 $738 $2,422 $44,092 $41,325
2018 $696 $2,277 $42,269 $40,190
2017 $643 $2,039 $41,013 $39,471
2016 $650 $2,013 $37,571 $38,189
2015 $620 $1,990 $36,138 $35,871
2014 $568 $1,934 $38,265 $34,816
2013 $654 $2,007 $36,981 $34,827
2012 $693 $2,065 $33,269 $32,484
2011 $711 $2,064 $34,477 $31,314
2010 $801 $2,267 $31,399 $29,456
2009 $775 $2,177 $28,470 $28,087
2008 $859 $2,088 $30,231 $28,084
2007 $725 $1,985 $25,689 $28,307
2006 $615 $1,931 $22,500 $26,385
2005 $616 $1,938 $21,262 $25,701
2004 $593 $1,979 $20,550 $26,078
2003 $309 $1,850 $19,624 $24,702
2002 $377 $1,744 $19,059 $26,101
2001 $460 $1,823 $20,949 $25,806
2000 $538 $1,731 $21,690 $25,766
1999 $575 $1,649 $19,809 $23,415
1998 $610 $1,572 $20,176 $22,927
1997 $600 $1,544 $20,457 $22,279
1996 $652 $1,489 $20,213 $21,672
1995 $622 $1,472 $19,014 $20,642
1994 $608 $1,473 $16,796 $19,478
1993 $635 $1,487 $15,169 $18,218
1992 $623 $1,462 $15,500 $17,553
1991 $628 $1,440 $14,337 $16,486
1990 $301 $1,409 $13,300 $15,721
1989 $280.9 - $11,601 -
1988 $274.9 - $11,846 -
1987 $237 - $9,847 -
1986 $207.7 - $8,330 -
1985 $262.8 - $6,824 -
1984 $214.8 - $7,364 -
1983 $268.6 - $7,955 -
1982 $282.1 - $7,253 -
1981 $296 - $6,791 -
1980 $338 - $6,545 -
1979 $300 - $5,968 -
1978 $257.6 - $4,794 -
1977 $213.8 - $5,050 -
1976 $179.3 - $4,514 -
1975 $189.8 - $4,669 -
1974 $162.6 - $5,082 -
1973 $131.4 - $3,629 -
1972 $106.5 - $2,928 -
1971 $103.3 - $2,297 -
1970 $99.8 - $2,489 -
1969 $88.7 - $2,188 -
1968 $83.1 - $1,946 -
1967 $97 - $1,734 -
1966 $94.4 - $1,788 -
1965 - - $1,688 -
1964 - - $1,625 -
1963 - - $1,485 -
1962 - - $1,293 -
1961 - - $1,696 -
1960 - - $1,452 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

The Gambia's GDP per capita is $919, ranking 183/197, compared to $60,337 in Israel, ranking 19/197. Adjusted for purchasing power (GDP per capita PPP), the Gambia ranks 172nd at $3,476, while Israel ranks 36th at $57,236.

Economic indicators

Gambia Israel
Gross domestic product
$2.59B
2025
$611B
2025
GDP rank
174/197
2025
27/197
2025
GDP growth
5.89%
2024-2025
2.93%
2024-2025
GDP per capita
$919
2025
$60,337
2025
GDP per capita rank
183/197
2025
19/197
2025
GDP per capita, PPP
$3,476
2024
$57,236
2024
GDP per capita PPP rank
172/197
2024
36/197
2024
Government debt
$1.92B
2025
$418B
2025
Debt-to-GDP ratio
73.9%
2025
68.5%
2025
Government debt per person
$679
2025
$41,338
2025
Government debt per person rank
156/185
2025
16/185
2025
Average annual personal income after taxes
$710
2026
$48,251
2026
Market capitalization of domestic companies n/a
$331B
2024
Number of millionaires n/a
195,000
2026
Number of billionaires n/a
42
2026
Income share by richest 10%
30.5%
2020
27%
2022
Income share by poorest 10%
2.6%
2020
1.8%
2022
Government expenditure, % of GDP
27.1%
2025
43.6%
2025
Consumer prices inflation
11.6%
2023-2024
3.04%
2024-2025
Central bank interest rate
14%
2026
3.75%
2026
Unemployment rate
7.05%
2025
3%
2025
Population
2916990
10334048

Spending and national debt comparison by year

Gambia
Spending

Debt
Israel
Spending

Debt
1x
Year % of GDP
Gambia Israel
Government spending Government debt Government spending Government debt
2025 27.1% 73.9% 43.6% 68.5%
2024 25.3% 78.5% 43.7% 67.7%
2023 23.9% 77.4% 39.6% 61.3%
2022 24.6% 83.9% 36.9% 60.3%
2021 21.5% 83.1% 40.1% 67.7%
2020 25.3% 85.9% 44.8% 71.1%
2019 23.9% 83% 38.7% 59.3%
2018 19% 83.6% 39.2% 60.1%
2017 23.6% 87% 38.4% 59.8%
2016 19.4% 79.5% 37.9% 61.7%
2015 19.6% 69.4% 37.6% 62.8%
2014 19% 71.1% 38.3% 65.8%
2013 17.2% 58.2% 39.7% 66%
2012 19.1% 49.5% 39.6% 66.9%
2011 16.5% 49.2% 39.3% 67.2%
2010 14.6% 42.9% 39.7% 69%
2009 14.4% 38.9% 41.4% 72.6%
2008 11.6% 39.5% 41.2% 70.2%
2007 11.2% 38% 40.2% 70.8%
2006 14% 87.3% 41.6% 77.7%
2005 12.9% 82.6% 42.3% 85.2%
2004 12.4% 81.3% 43% 88.3%
2003 9.3% 91.7% 45.4% 89.7%
2002 8.59% 93.9% 50% 87.2%
2001 9.68% 75.2% 46.1% 81.1%
2000 9.54% 73.3% 43.4% 77.2%
1999 - - 53.6% 94.8%
1998 - - 55% 101%
1997 - - 52.6% 99.3%
1996 - - 53.2% 100.3%
1995 - - 52.8% 102.3%
1994 - - 41.7% 110.2%
1993 - - 42.2% 118.3%
1992 - - 44.1% 119.6%
1991 - - 34.4% 123.7%
1990 - - 46.8% 138.3%
1989 - - 47.5% 147.4%
1988 - - 46.5% 145.4%
1987 - - 52.8% 143.2%
1986 - - 55.7% 162.5%
1985 - - 65.2% 199%
1984 - - - 284%
1983 - - - 260.5%
1982 - - 69.7% -
1981 - - 71.8% -
1980 - - 69.4% 154.3%
1979 - - 70.1% 155.5%
1978 - - 62.2% 133.6%
1977 - - 69.1% 142%
1976 - - 66.3% 97.4%
1975 - - 62% 85.1%
1974 - - - 79.8%
1973 - - - 62.1%
1972 - - - 63.9%
1971 - - - -
1970 - - 41.6% -
1969 - - 41.1% -
1968 - - 39.4% -
1967 - - 33.9% -
1966 - - 29.6% -
1965 - - 27.8% -
1964 - - 28.2% -
1963 - - 26.9% -
1962 - - 27.7% -
1961 - - 30.3% -
1960 - - 30.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2000–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, the Gambia's government spending was $704M, accounting for 27.1% of its GDP, while Israel spent $266B, or 43.6% of GDP.

Debt-to-GDP ratio is 73.9% in the Gambia and 68.5% in Israel, ranking 51/185 and 60/185, respectively.

Government deficit by year

Deficit/surplus
Gambia

Israel
1x
Year Deficit/surplus, % of GDP
Gambia Israel
2025 -2.95% -5.22%
2024 -4% -8.07%
2023 -3.56% -5.38%
2022 -5.72% 0.3%
2021 -4.77% -3.37%
2020 -2.37% -10.6%
2019 -2.75% -3.79%
2018 -3.92% -3.58%
2017 -4.35% -1.17%
2016 -6.22% -1.78%
2015 -5.38% -1.2%
2014 -3.94% -2.28%
2013 -5.11% -4.07%
2012 -2.85% -4.46%
2011 -3.03% -3.43%
2010 -2.93% -3.72%
2009 -1.65% -6.53%
2008 -0.45% -3.49%
2007 0.27% -0.43%
2006 -3.19% -0.94%
2005 -3.33% -2.74%
2004 -1.77% -3.4%
2003 -1.73% -5.03%
2002 0.06% -8.21%
2001 -2.52% -4.06%
2000 -0.09% -0.8%
1999 - -6.26%
1998 - -7.99%
1997 - -4.84%
1996 - -5.97%
1995 - -4.28%
1994 - -5.62%
1993 - -5.62%
1992 - -8%
1991 - -7.04%
1990 - -9.67%
1989 - -9.03%
1988 - -7.57%
1987 - -7.47%
1986 - -7.51%
1985 - -14.2%
1984 - -
1983 - -
1982 - -13.8%
1981 - -23.5%
1980 - -19.6%
1979 - -16.7%
1978 - -14.7%
1977 - -20.3%
1976 - -19.4%
1975 - -19.6%
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -16%
1969 - -15.3%
1968 - -11.7%
1967 - -7.68%
1966 - -4.35%
1965 - -2.72%
1964 - -3.65%
1963 - -4.41%
1962 - -4.09%
1961 - -5.86%
1960 - -6.62%
1959 - -7.23%
1958 - -8.31%
1957 - -7.17%
1956 - -9.3%
1955 - -4.3%
1954 - -7.84%
1953 - -8.32%
1952 - -7.19%
1951 - -8.13%
1950 - -10.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2000–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-07-08).

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

In 2025, the Gambia's government deficit, the difference between spending and revenue, was $76.5M, equivalent to 2.95% of GDP. This compares to Israel's deficit of $31.9B, or 5.22% of GDP.

Over the past 26 years, the Gambia recorded a fiscal deficit in 24 of those years, while Israel ran a deficit in 25 years. On average, the Gambia posted an annual deficit equal to 3.01% of GDP, compared to deficit of 3.75% of GDP for Israel.

Inflation comparison by year

Inflation
Gambia

Israel
1x
Year Consumer prices inflation
Gambia Israel
2025 - 3.04%
2024 11.6% 3.07%
2023 17% 4.23%
2022 11.5% 4.41%
2021 7.37% 1.48%
2020 5.93% -0.58%
2019 7.12% 0.82%
2018 6.52% 0.81%
2017 8.03% 0.25%
2016 7.23% -0.54%
2015 6.81% -0.62%
2014 5.95% 0.47%
2013 5.7% 1.59%
2012 4.25% 1.68%
2011 4.8% 3.49%
2010 5.05% 2.7%
2009 4.56% 3.37%
2008 4.44% 4.53%
2007 5.37% 0.47%
2006 2.06% 2.05%
2005 4.84% 1.34%
2004 14.2% -0.42%
2003 17% 0.71%
2002 8.61% 5.8%
2001 4.49% 1.12%
2000 0.84% 1.03%
1999 3.81% 5.19%
1998 1.11% 5.49%
1997 2.78% 8.95%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 28 years, the Gambia has recorded an average annual inflation rate of 6.75%, compared with 2.25% in Israel. In 2024, inflation was 11.6% in the Gambia and 3.04% in Israel.

Top exports between countries

Gambia
Export category Export value
Animal & marine products $24K
Israel
Export category Export value
Machinery & equipment $51K
Chemicals & pharma $2K

Balance of trade

Gambia Israel
Current account balance
-$99.8M
2024
$8.53B
2025
Current account balance ranking
81/190
2024
26/190
2025
Current account balance, % of GDP
-4.15%
2024
+1.4%
2025
Goods imports
$1.39B
2024
$102B
2025
Goods exports
$363M
2024
$76.2B
2025
Service imports
$161M
2024
$53.2B
2025
Service exports
$485M
2024
$92.4B
2025
Imports of goods and services, % of GDP
49.4%
2025
25.4%
2025
Exports of goods and services, % of GDP
12.7%
2025
27.6%
2025

Economic freedom indices

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

Gambia Israel
Economic freedom 56.3 68.4
Economic freedom ranking 123/197 47/197
Property rights 55.4 73.1
Government integrity 40.5 66.2
Judicial effectiveness 45.8 68.1
Tax burden 79.2 60.2
Government spending 81.1 52
Fiscal health 54.8 60.8
Business freedom 50.1 72.4
Labor freedom 46.4 56.8
Monetary freedom 57.3 78.2
Trade freedom 64.8 82.8
Investment freedom 50 70
Financial freedom 50 80

Economic freedom comparison by year

Gambia
Israel
1x
Year Economic freedom index
Gambia Israel
2026 56.3 68.4
2025 56.8 69.9
2024 58.2 70.1
2023 57.9 68.9
2022 58 68
2021 58.8 73.8
2020 56.3 74
2019 52.4 72.8
2018 52.3 72.2
2017 53.4 69.7
2016 57.1 70.7
2015 57.5 70.5
2014 59.5 68.4
2013 58.8 66.9
2012 58.8 67.8
2011 57.4 68.5
2010 55.1 67.7
2009 55.8 67.6
2008 56.9 66.3
2007 57.7 64.8
2006 57.3 64.4
2005 56.5 62.6
2004 55.3 61.4
2003 56.3 62.7
2002 57.7 66.9
2001 56.6 66.1
2000 52.7 65.5
1999 52.1 68.3
1998 53.4 68
1997 52.9 62.7
1996 - 62
1995 - 61.5

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for the Gambia is 56.3, ranking 123/197, compared to 68.4 for Israel, ranking 47/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Gambia Israel
Services, % of GDP
53.1%
2025
72.8%
2024
Industry, % of GDP
15.8%
2025
17.2%
2024
Agriculture, forestry, and fishing, % of GDP
23.8%
2025
1.29%
2024
GNI, Atlas method
$2.62B
2025
$569B
2025
GNI per capita, PPP
$3,660
2025
$58,870
2025
Total reserves including gold
$629M
2024
$229B
2025
Total reserves ranking
151/177
2024
18/177
2025
Net foreign direct investment
-$232M
2024
-$11.8B
2025
Net inflows of foreign direct investment
$232M
2024
$14.8B
2024
Net outflows of foreign direct investment
-$665K
2024
$9.92B
2024
Servicing debt to the IMF, % of GNI
3.25%
2024
n/a
Poverty at national poverty lines
53.4%
2020
22%
2020
Gross capital formation, % of GDP
40.4%
2025
24.3%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (2000–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2020–2024, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)

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.