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Economy of Gambia vs Romania compared: GDP & Debt

Updated on by Georank team

The Gambia has a GDP of $2.4B compared to $383B for Romania, ranking 174/197 and 42/197 by economy size, respectively.

The Gambia has $1.92B in government debt (80% of GDP), compared to $220B (57.4% of GDP) in Romania.

Gambia vs Romania GDP by year

Gambia
Romania
1x
Year GDP, current $
Gambia Romania
2024 $2,404,888,749 $382,564,217,989
2023 $2,382,262,185 $347,757,995,759
2022 $2,204,734,528 $295,319,437,557
2021 $2,014,158,842 $285,071,280,114
2020 $1,812,170,891 $250,625,048,304
2019 $1,813,609,692 $250,080,428,512
2018 $1,670,671,328 $241,791,427,224
2017 $1,504,909,463 $210,147,385,855
2016 $1,484,578,886 $185,290,759,249
2015 $1,378,176,609 $177,885,131,240
2014 $1,229,461,721 $199,722,319,676
2013 $1,375,609,453 $189,798,603,751
2012 $1,415,004,738 $179,117,323,107
2011 $1,409,693,597 $192,623,977,894
2010 $1,543,294,927 $170,064,350,672
2009 $1,450,142,509 $174,110,532,659
2008 $1,561,766,956 $214,315,932,061
2007 $1,279,703,047 $174,588,782,939
2006 $1,054,112,488 $122,023,735,993
2005 $1,027,701,068 $98,454,380,120
2004 $961,900,651 $74,973,656,852
2003 $487,038,685 $57,806,384,143
2002 $578,235,309 $46,065,502,703
2001 $687,410,645 $40,395,116,581
2000 $782,913,872 $37,253,739,511
1999 $814,724,032 $35,953,156,754
1998 $840,285,265 $41,696,091,974
1997 $803,633,342 $35,575,214,078
1996 $848,239,446 $36,937,074,278
1995 $785,999,865 $37,430,162,103
1994 $746,493,952 $30,072,805,104
1993 $755,040,974 $26,361,160,450
1992 $714,254,256 $25,121,666,667
1991 $690,311,081 $28,850,634,900
1990 $317,083,695 $38,247,882,300
1989 $284,120,329 $41,450,777,202
1988 $266,672,212 $40,424,528,302
1987 $220,626,484 $38,067,567,568
1986 $185,646,987 -
1985 $225,726,359 -
1984 $177,340,880 -
1983 $213,448,585 -
1982 $216,050,552 -
1981 $218,767,743 -
1980 $241,083,090 -
1979 $207,112,628 -
1978 $171,833,086 -
1977 $138,093,099 -
1976 $112,190,829 -
1975 $115,179,719 -
1974 $95,796,022 -
1973 $75,187,749 -
1972 $59,160,569 -
1971 $55,728,663 -
1970 $52,296,084 -
1969 $45,168,072 -
1968 $41,160,066 -
1967 $46,695,007 -
1966 $44,212,081 -

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

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

GDP per capita in Gambia vs Romania by year

Gambia
GDP per capita

GDP per capita, PPP
Romania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Gambia Romania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $871 $3,476 $20,080 $49,077
2023 $883 $3,289 $18,244 $45,982
2022 $836 $3,067 $15,504 $41,979
2021 $782 $2,778 $14,908 $37,534
2020 $720 $2,531 $13,009 $34,194
2019 $738 $2,422 $12,910 $33,425
2018 $696 $2,277 $12,416 $29,383
2017 $643 $2,039 $10,728 $26,943
2016 $650 $2,013 $9,405 $23,905
2015 $620 $1,990 $8,977 $21,625
2014 $568 $1,934 $10,032 $20,633
2013 $654 $2,007 $9,498 $19,678
2012 $693 $2,065 $8,930 $19,808
2011 $711 $2,064 $9,561 $18,804
2010 $801 $2,267 $8,400 $17,355
2009 $775 $2,177 $8,548 $16,641
2008 $859 $2,088 $10,435 $16,782
2007 $725 $1,985 $8,360 $13,703
2006 $615 $1,931 $5,758 $11,554
2005 $616 $1,938 $4,618 $9,602
2004 $593 $1,979 $3,495 $8,989
2003 $309 $1,850 $2,679 $7,559
2002 $377 $1,744 $2,120 $7,162
2001 $460 $1,823 $1,825 $6,520
2000 $538 $1,731 $1,660 $5,850
1999 $575 $1,649 $1,600 $5,596
1998 $610 $1,572 $1,853 $5,545
1997 $600 $1,544 $1,577 $5,564
1996 $652 $1,489 $1,633 $5,746
1995 $622 $1,472 $1,650 $5,429
1994 $608 $1,473 $1,323 $4,995
1993 $635 $1,487 $1,158 $4,699
1992 $623 $1,462 $1,102 $4,515
1991 $628 $1,440 $1,254 $4,795
1990 $301 $1,409 $1,648 $5,280
1989 $280.9 - $1,790 -
1988 $274.9 - $1,753 -
1987 $237 - $1,659 -
1986 $207.7 - - -
1985 $262.8 - - -
1984 $214.8 - - -
1983 $268.6 - - -
1982 $282.1 - - -
1981 $296 - - -
1980 $338 - - -
1979 $300 - - -
1978 $257.6 - - -
1977 $213.8 - - -
1976 $179.3 - - -
1975 $189.8 - - -
1974 $162.6 - - -
1973 $131.4 - - -
1972 $106.5 - - -
1971 $103.3 - - -
1970 $99.8 - - -
1969 $88.7 - - -
1968 $83.1 - - -
1967 $97 - - -
1966 $94.4 - - -

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

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

The Gambia's GDP per capita is $871, ranking 183/197, compared to $20,080 in Romania, ranking 58/197. Adjusted for purchasing power (GDP per capita PPP), the Gambia ranks 172nd at $3,476, while Romania ranks 47th at $49,077.

Economic indicators

Gambia Romania
Gross domestic product
$2.4B
2024
$383B
2024
GDP rank
174/197
2024
42/197
2024
GDP growth
5.55%
2023-2024
0.92%
2023-2024
GDP per capita
$871
2024
$20,080
2024
GDP per capita rank
183/197
2024
58/197
2024
GDP per capita, PPP
$3,476
2024
$49,077
2024
GDP per capita PPP rank
172/197
2024
47/197
2024
Government debt
$1.92B
2024
$220B
2024
Debt-to-GDP ratio
80%
2024
57.4%
2024
Government debt per person
$697
2024
$11,533
2024
Government debt per person rank
155/185
2024
48/185
2024
Average annual personal income after taxes
$741
2026
$13,912
2026
Market capitalization of domestic companies n/a
$47.4B
2024
Number of billionaires n/a
6
2025
Income share by richest 10%
30.5%
2020
21.8%
2023
Income share by poorest 10%
2.6%
2020
2.4%
2023
Government expenditure, % of GDP
25.8%
2024
39.9%
2024
Consumer prices inflation
11.6%
2023-2024
5.6%
2023-2024
Central bank interest rate
17%
2023
6.5%
2024
Unemployment rate
6.48%
2023
5.43%
2024
Population
2902554
18839108

Spending and national debt comparison by year

Gambia
Spending

Debt
Romania
Spending

Debt
1x
Year % of GDP
Gambia Romania
Government spending Government debt Government spending Government debt
2024 25.8% 80% 39.9% 57.4%
2023 24.9% 80.2% 36.6% 52.1%
2022 24.6% 83.9% 37.4% 51.7%
2021 21.5% 83.1% 37% 51.5%
2020 25.3% 85.9% 38.1% 49.3%
2019 23.9% 83% 33.2% 36.5%
2018 19% 83.6% 31.7% 36.2%
2017 23.6% 87% 31% 37.1%
2016 19.4% 80.7% 31.8% 39.5%
2015 19.6% 69.4% 34.2% 39.4%
2014 19% 71.1% 33.8% 40.5%
2013 17.2% 58.2% 34.2% 39.3%
2012 19.1% 49.5% 33.5% 36.2%
2011 16.5% 49.2% 35% 32.6%
2010 14.6% 42.9% 37.4% 30.2%
2009 14.4% 38.9% 36.3% 22.5%
2008 11.6% 39.5% 35.3% 13%
2007 11.2% 38% 34.6% 12.4%
2006 14% 87.3% 33.9% 12.7%
2005 12.9% 82.6% 32.3% 17.8%
2004 12.4% 81.3% 33.7% 21.3%
2003 9.3% 91.7% 31.8% 24.9%
2002 8.59% 93.9% 32.1% 27.4%
2001 9.68% 75.2% 33.2% 27.4%
2000 9.54% 73.3% 35% 29.6%
1999 - - 35.1% 21.7%
1998 - - 34.7% 16.5%
1997 - - 33.5% 15%
1996 - - 33.5% 11%
1995 - - 34.4% 6.91%
1994 - - 33.1% -
1993 - - 33.5% -
1992 - - 41.5% -
1991 - - 38.3% -
1990 - - 38.4% -
1989 - - 40.1% -
1988 - - 36.6% -
1987 - - 40.7% -
1986 - - 42.5% -
1985 - - 41.6% -
1984 - - 28.6% -
1983 - - 25.8% -
1982 - - 28.5% -
1981 - - 30.4% -
1980 - - 33.6% -
1979 - - 42% -
1978 - - 42.1% -
1977 - - 39.9% -
1976 - - 37.5% -
1975 - - 40.6% -
1974 - - 37.6% -
1973 - - 32.6% -
1972 - - 29.9% -
1971 - - 27.2% -
1970 - - 28.1% -
1969 - - 32.1% -
1968 - - 31.8% -
1967 - - 30.6% -
1966 - - 27.3% -
1965 - - 25.6% -
1964 - - 25.1% -
1963 - - 23.1% -
1962 - - 43.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1999, retrieved 2026-02-20).

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

In 2024, the Gambia's government spending was $621M, accounting for 25.8% of its GDP, while Romania spent $153B, or 39.9% of GDP.

Debt-to-GDP ratio is 80% in the Gambia and 57.4% in Romania, ranking 45/185 and 87/185, respectively.

Government deficit by year

Deficit/surplus
Gambia

Romania
1x
Year Deficit/surplus, % of GDP
Gambia Romania
2024 -4.08% -8.68%
2023 -3.69% -5.61%
2022 -5.72% -5.83%
2021 -4.77% -6.7%
2020 -2.37% -9.54%
2019 -2.75% -4.55%
2018 -3.92% -2.74%
2017 -4.35% -2.86%
2016 -6.22% -2.5%
2015 -5.38% -1.35%
2014 -3.94% -1.76%
2013 -5.11% -2.44%
2012 -2.85% -2.39%
2011 -3.03% -4.14%
2010 -2.93% -6.22%
2009 -1.65% -6.86%
2008 -0.45% -4.6%
2007 0.27% -3.05%
2006 -3.19% -1.36%
2005 -3.33% -0.69%
2004 -1.77% -3.39%
2003 -1.73% -2.29%
2002 0.06% -2.59%
2001 -2.52% -3.2%
2000 -0.09% -3.99%
1999 - -3.58%
1998 - -5.33%
1997 - -5.19%
1996 - -4.74%
1995 - -3.32%
1994 - -2.2%
1993 - -0.35%
1992 - -4.55%
1991 - 3.23%
1990 - 1.03%
1989 - -2.87%
1988 - 8.4%
1987 - 2.37%
1986 - 5.72%
1985 - 6.36%
1984 - 15.2%
1983 - 9.35%
1982 - 0.36%
1981 - 0.61%
1980 - -1.95%
1979 - 0%
1978 - 0%
1977 - 0.23%
1976 - 0.66%
1975 - 0.41%
1974 - 0.51%
1973 - 1.53%
1972 - 1.21%
1971 - 0.89%
1970 - 0.52%
1969 - 0.93%
1968 - 1.65%
1967 - 1.23%
1966 - 0.91%
1965 - -1.29%
1964 - -3.11%
1963 - -1.61%
1962 - -4.86%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-02-20).

GeoRank.org/economy/gambia/romania | 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 Romania's deficit of $33.2B, or 8.68% of GDP.

Over the past 25 years, the Gambia recorded a fiscal deficit in 23 of those years, while Romania ran a deficit in 25 years. On average, the Gambia posted an annual deficit equal to 3.02% of GDP, compared to deficit of 3.97% of GDP for Romania.

Inflation comparison by year

Inflation
Gambia

Romania
1x
Year Consumer prices inflation
Gambia Romania
2024 11.6% 5.6%
2023 17% 10.4%
2022 11.5% 13.8%
2021 7.37% 5%
2020 5.93% 2.6%
2019 7.12% 3.8%
2018 6.52% 4.6%
2017 8.03% 1.3%
2016 7.23% -1.6%
2015 6.81% -0.6%
2014 5.95% 1.1%
2013 5.7% 4%
2012 4.25% 3.3%
2011 4.8% 5.8%
2010 5.05% 6.1%
2009 4.56% 5.6%
2008 4.44% 7.8%
2007 5.37% 4.8%
2006 2.06% 6.6%
2005 4.84% 9%
2004 14.2% 11.9%
2003 17% 15.4%
2002 8.61% 22.5%
2001 4.49% 34.5%
2000 0.84% 45.7%
1999 3.81% 45.8%
1998 1.11% 59.1%
1997 2.78% 154.8%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, the Gambia has recorded an average annual inflation rate of 6.75%, compared with 17.5% in Romania. In 2024, inflation was 11.6% in the Gambia and 5.6% in Romania.

Top exports between countries

Gambia
Export category Export value
Romania
Export category Export value
Raw agricultural goods $2.49M
Animal & marine products $275K
Wood & paper products $119K
Machinery & equipment $55K
Processed food, beverages & tobacco $43K
Textiles & consumer goods $33K
Raw materials & minerals $23K
Chemicals & pharma $13K
Miscellaneous $2K

Balance of trade

Gambia Romania
Current account balance
-$99.8M
2024
-$31.2B
2024
Current account balance ranking
88/190
2024
185/190
2024
Current account balance, % of GDP
-4.15%
2024
-8.16%
2024
Goods imports
$1.39B
2024
$129B
2024
Goods exports
$363M
2024
$93.3B
2024
Service imports
$161M
2024
$30.2B
2024
Service exports
$485M
2024
$42.9B
2024
Imports of goods and services, % of GDP
33.4%
2024
41.6%
2024
Exports of goods and services, % of GDP
8.75%
2024
35.6%
2024

Economic freedom indices

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

Gambia Romania
Economic freedom 56.3 65.4
Economic freedom ranking 123/197 64/197
Property rights 55.4 81
Government integrity 40.5 50
Judicial effectiveness 45.8 67
Tax burden 79.2 89.1
Government spending 81.1 56.7
Fiscal health 54.8 21.4
Business freedom 50.1 74.4
Labor freedom 46.4 63.6
Monetary freedom 57.3 72.7
Trade freedom 64.8 79.4
Investment freedom 50 70
Financial freedom 50 60

Economic freedom comparison by year

Gambia
Romania
1x
Year Economic freedom index
Gambia Romania
2026 56.3 65.4
2025 56.8 66.5
2024 58.2 64.4
2023 57.9 64.5
2022 58 67.1
2021 58.8 69.5
2020 56.3 69.7
2019 52.4 68.6
2018 52.3 69.4
2017 53.4 69.7
2016 57.1 65.6
2015 57.5 66.6
2014 59.5 65.5
2013 58.8 65.1
2012 58.8 64.4
2011 57.4 64.7
2010 55.1 64.2
2009 55.8 63.2
2008 56.9 61.7
2007 57.7 61.2
2006 57.3 58.2
2005 56.5 52.1
2004 55.3 50
2003 56.3 50.6
2002 57.7 48.7
2001 56.6 50
2000 52.7 52.1
1999 52.1 50.1
1998 53.4 54.4
1997 52.9 50.8
1996 - 46.2
1995 - 42.9

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

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

The Economic Freedom Index for the Gambia is 56.3, ranking 123/197, compared to 65.4 for Romania, ranking 64/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Gambia Romania
Services, % of GDP
56.8%
2024
62.6%
2024
Industry, % of GDP
15.3%
2024
25.3%
2024
Agriculture, forestry, and fishing, % of GDP
20.4%
2024
2.81%
2024
GNI, Atlas method
$2.43B
2024
$335B
2024
GNI per capita, PPP
$3,430
2024
$47,920
2024
Total reserves including gold
$629M
2024
$73.4B
2024
Total reserves ranking
151/177
2024
35/177
2024
Net foreign direct investment
-$232M
2024
-$5.17B
2024
Net inflows of foreign direct investment
$232M
2024
$7.16B
2024
Net outflows of foreign direct investment
-$665K
2024
$1.99B
2024
Servicing debt to the IMF, % of GNI
3.25%
2024
n/a
Poverty at national poverty lines
53.4%
2020
19%
2023
Gross capital formation, % of GDP
29.9%
2024
25%
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/romania | CC BY

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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 (1962–1999, 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.