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Economy of Gambia vs Slovenia compared: GDP & Debt

Updated on by Georank

The Gambia has a GDP of $2.59B compared to $79.6B for Slovenia, ranking 174/197 and 86/197 by economy size, respectively.

The Gambia has $1.92B in government debt (73.9% of GDP), compared to $52.5B (65.9% of GDP) in Slovenia.

Gambia vs Slovenia GDP by year

Gambia
Slovenia
1x
Year GDP, current $
Gambia Slovenia
2025 $2,593,673,988 $79,648,204,979
2024 $2,404,888,738 $72,972,015,197
2023 $2,382,262,185 $69,255,264,238
2022 $2,204,734,528 $59,899,117,741
2021 $2,014,158,842 $61,540,813,362
2020 $1,812,170,891 $53,384,760,135
2019 $1,813,609,692 $53,909,922,736
2018 $1,670,671,328 $53,689,067,640
2017 $1,504,909,463 $48,153,200,135
2016 $1,484,578,886 $44,290,685,824
2015 $1,378,176,609 $42,709,468,275
2014 $1,229,461,721 $49,514,466,380
2013 $1,375,609,453 $47,867,056,859
2012 $1,415,004,738 $46,167,053,954
2011 $1,409,693,597 $51,199,194,599
2010 $1,543,294,927 $47,793,117,241
2009 $1,450,142,509 $49,975,540,955
2008 $1,561,766,956 $55,509,332,322
2007 $1,279,703,047 $47,880,266,543
2006 $1,054,112,488 $39,260,368,837
2005 $1,027,701,068 $35,947,936,824
2004 $961,900,651 $34,156,553,313
2003 $487,038,685 $29,360,575,032
2002 $578,235,309 $23,214,593,516
2001 $687,410,645 $20,668,868,707
2000 $782,913,872 $20,159,190,702
1999 $814,724,032 $22,609,669,084
1998 $840,285,265 $22,058,635,314
1997 $803,633,342 $20,726,878,752
1996 $848,239,446 $21,470,699,363
1995 $785,999,865 $21,367,422,159
1994 $746,493,952 $16,400,767,070
1993 $755,040,974 $14,449,298,372
1992 $714,254,256 $14,277,261,541
1991 $690,311,081 $14,454,495,059
1990 $317,083,695 $19,832,029,087
1989 $284,120,329 -
1988 $266,672,212 -
1987 $220,626,484 -
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 (1966–2025, retrieved 2026-07-08).

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

GDP per capita in Gambia vs Slovenia by year

Gambia
GDP per capita

GDP per capita, PPP
Slovenia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Gambia Slovenia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $919 - $37,376 -
2024 $871 $3,476 $34,301 $57,186
2023 $883 $3,289 $32,660 $56,064
2022 $836 $3,067 $28,360 $52,347
2021 $782 $2,778 $29,193 $45,914
2020 $720 $2,531 $25,392 $41,767
2019 $738 $2,422 $25,814 $42,373
2018 $696 $2,277 $25,888 $38,620
2017 $643 $2,039 $23,303 $36,180
2016 $650 $2,013 $21,448 $33,575
2015 $620 $1,990 $20,697 $31,336
2014 $568 $1,934 $24,013 $30,572
2013 $654 $2,007 $23,237 $29,634
2012 $693 $2,065 $22,442 $28,787
2011 $711 $2,064 $24,941 $28,716
2010 $801 $2,267 $23,330 $27,579
2009 $775 $2,177 $24,502 $27,229
2008 $859 $2,088 $27,462 $29,461
2007 $725 $1,985 $23,725 $27,468
2006 $615 $1,931 $19,563 $25,571
2005 $616 $1,938 $17,970 $23,682
2004 $593 $1,979 $17,104 $22,588
2003 $309 $1,850 $14,712 $20,916
2002 $377 $1,744 $11,639 $20,004
2001 $460 $1,823 $10,376 $18,763
2000 $538 $1,731 $10,136 $17,892
1999 $575 $1,649 $11,401 $17,007
1998 $610 $1,572 $11,132 $15,994
1997 $600 $1,544 $10,437 $15,257
1996 $652 $1,489 $10,797 $14,284
1995 $622 $1,472 $10,738 $13,637
1994 $608 $1,473 $8,244 $13,975
1993 $635 $1,487 $7,255 $12,976
1992 $623 $1,462 $7,151 $12,296
1991 $628 $1,440 $7,229 $12,698
1990 $301 $1,409 $9,925 $13,491
1989 $280.9 - - -
1988 $274.9 - - -
1987 $237 - - -
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 (1966–2025, retrieved 2026-07-08).

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

The Gambia's GDP per capita is $919, ranking 183/197, compared to $37,376 in Slovenia, ranking 32/197. Adjusted for purchasing power (GDP per capita PPP), the Gambia ranks 172nd at $3,476, while Slovenia ranks 37th at $57,186.

Economic indicators

Gambia Slovenia
Gross domestic product
$2.59B
2025
$79.6B
2025
GDP rank
174/197
2025
86/197
2025
GDP growth
5.89%
2024-2025
1.06%
2024-2025
GDP per capita
$919
2025
$37,376
2025
GDP per capita rank
183/197
2025
32/197
2025
GDP per capita, PPP
$3,476
2024
$57,186
2024
GDP per capita PPP rank
172/197
2024
37/197
2024
Government debt
$1.92B
2025
$52.5B
2025
Debt-to-GDP ratio
73.9%
2025
65.9%
2025
Government debt per person
$679
2025
$24,627
2025
Government debt per person rank
156/185
2025
29/185
2025
Average annual personal income after taxes
$710
2026
$22,481
2026
Market capitalization of domestic companies n/a
$20.7B
2025
Income share by richest 10%
30.5%
2020
20.6%
2023
Income share by poorest 10%
2.6%
2020
4.1%
2023
Government expenditure, % of GDP
27.1%
2025
48.5%
2025
Consumer prices inflation
11.6%
2023-2024
2.37%
2024-2025
Central bank interest rate
14%
2026
n/a
Unemployment rate
7.05%
2025
3.9%
2025
Population
2916990
2128778

Spending and national debt comparison by year

Gambia
Spending

Debt
Slovenia
Spending

Debt
1x
Year % of GDP
Gambia Slovenia
Government spending Government debt Government spending Government debt
2025 27.1% 73.9% 48.5% 65.9%
2024 25.3% 78.5% 46.5% 66.6%
2023 23.9% 77.4% 46.5% 68.3%
2022 24.6% 83.9% 47.7% 72.8%
2021 21.5% 83.1% 49.9% 74.8%
2020 25.3% 85.9% 51.8% 80.2%
2019 23.9% 83% 43.8% 66%
2018 19% 83.6% 44.1% 71%
2017 23.6% 87% 44.6% 74.9%
2016 19.4% 79.5% 46.9% 79.4%
2015 19.6% 69.4% 49.5% 83.4%
2014 19% 71.1% 50.6% 81.1%
2013 17.2% 58.2% 57.7% 70.8%
2012 19.1% 49.5% 50% 54.1%
2011 16.5% 49.2% 51.4% 46.8%
2010 14.6% 42.9% 50.7% 38.6%
2009 14.4% 38.9% 50% 34.9%
2008 11.6% 39.5% 45.2% 21.9%
2007 11.2% 38% 43.5% 22.9%
2006 14% 87.3% 45.7% 26.2%
2005 12.9% 82.6% 46.7% 26.6%
2004 12.4% 81.3% 46.9% 27.1%
2003 9.3% 91.7% 47.6% 27%
2002 8.59% 93.9% 47.8% 27.7%
2001 9.68% 75.2% 49.2% 26.3%
2000 9.54% 73.3% 47.8% 26.1%
1999 - - 47.2% 23.8%
1998 - - 46.4% 22.8%
1997 - - 45.4% 22.1%
1996 - - 45.2% 21.6%
1995 - - 53% 18.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08).

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

In 2025, the Gambia's government spending was $704M, accounting for 27.1% of its GDP, while Slovenia spent $38.6B, or 48.5% of GDP.

Debt-to-GDP ratio is 73.9% in the Gambia and 65.9% in Slovenia, ranking 51/185 and 65/185, respectively.

Government deficit by year

Deficit/surplus
Gambia

Slovenia
1x
Year Deficit/surplus, % of GDP
Gambia Slovenia
2025 -2.95% -2.35%
2024 -4% -0.94%
2023 -3.56% -2.58%
2022 -5.72% -3.01%
2021 -4.77% -4.61%
2020 -2.37% -7.68%
2019 -2.75% 0.68%
2018 -3.92% 0.9%
2017 -4.35% 0.05%
2016 -6.22% -2%
2015 -5.38% -2.84%
2014 -3.94% -4.53%
2013 -5.11% -11.2%
2012 -2.85% -4.2%
2011 -3.03% -6.69%
2010 -2.93% -5.56%
2009 -1.65% -5.87%
2008 -0.45% -1.44%
2007 0.27% -0.08%
2006 -3.19% -1.26%
2005 -3.33% -1.38%
2004 -1.77% -1.98%
2003 -1.73% -2.66%
2002 0.06% -2.47%
2001 -2.52% -4.58%
2000 -0.09% -3.77%
1999 - -3.04%
1998 - -2.39%
1997 - -2.37%
1996 - -1.16%
1995 - -8.19%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08).

GeoRank.org/economy/gambia/slovenia | 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 Slovenia's deficit of $1.87B, or 2.35% of GDP.

Over the past 26 years, the Gambia recorded a fiscal deficit in 24 of those years, while Slovenia ran a deficit in 23 years. On average, the Gambia posted an annual deficit equal to 3.01% of GDP, compared to deficit of 3.16% of GDP for Slovenia.

Inflation comparison by year

Inflation
Gambia

Slovenia
1x
Year Consumer prices inflation
Gambia Slovenia
2025 - 2.37%
2024 11.6% 1.97%
2023 17% 7.45%
2022 11.5% 8.83%
2021 7.37% 1.92%
2020 5.93% -0.05%
2019 7.12% 1.63%
2018 6.52% 1.74%
2017 8.03% 1.43%
2016 7.23% -0.05%
2015 6.81% -0.53%
2014 5.95% 0.2%
2013 5.7% 1.77%
2012 4.25% 2.6%
2011 4.8% 1.8%
2010 5.05% 1.8%
2009 4.56% 0.84%
2008 4.44% 5.65%
2007 5.37% 3.66%
2006 2.06% 2.46%
2005 4.84% 2.45%
2004 14.2% 3.59%
2003 17% 5.54%
2002 8.61% 7.48%
2001 4.49% 8.38%
2000 0.84% 8.91%
1999 3.81% 6.16%
1998 1.11% 7.89%
1997 2.78% 8.36%

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

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

Over the past 28 years, the Gambia has recorded an average annual inflation rate of 6.75%, compared with 3.71% in Slovenia. In 2024, inflation was 11.6% in the Gambia and 2.37% in Slovenia.

Top exports between countries

Gambia
Export category Export value
Raw agricultural goods $3K
Slovenia
Export category Export value
Wood & paper products $451K
Machinery & equipment $57K
Textiles & consumer goods $14K
Raw materials & minerals $6K
Metals $5K
Precious metals & jewellery $1K

Balance of trade

Gambia Slovenia
Current account balance
-$99.8M
2024
$2.83B
2025
Current account balance ranking
81/190
2024
39/190
2025
Current account balance, % of GDP
-4.15%
2024
+3.55%
2025
Goods imports
$1.39B
2024
$47.9B
2025
Goods exports
$363M
2024
$47.7B
2025
Service imports
$161M
2024
$10.8B
2025
Service exports
$485M
2024
$15.3B
2025
Imports of goods and services, % of GDP
49.4%
2025
73.3%
2025
Exports of goods and services, % of GDP
12.7%
2025
78.6%
2025

Economic freedom indices

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

Gambia Slovenia
Economic freedom 56.3 69.7
Economic freedom ranking 123/197 40/197
Property rights 55.4 87.6
Government integrity 40.5 66.1
Judicial effectiveness 45.8 91.6
Tax burden 79.2 55.5
Government spending 81.1 34.1
Fiscal health 54.8 83.5
Business freedom 50.1 78.7
Labor freedom 46.4 62.7
Monetary freedom 57.3 77.5
Trade freedom 64.8 79.4
Investment freedom 50 70
Financial freedom 50 50

Economic freedom comparison by year

Gambia
Slovenia
1x
Year Economic freedom index
Gambia Slovenia
2026 56.3 69.7
2025 56.8 68.3
2024 58.2 65.9
2023 57.9 68.5
2022 58 70.5
2021 58.8 68.3
2020 56.3 67.8
2019 52.4 65.5
2018 52.3 64.8
2017 53.4 59.2
2016 57.1 60.6
2015 57.5 60.3
2014 59.5 62.7
2013 58.8 61.7
2012 58.8 62.9
2011 57.4 64.6
2010 55.1 64.7
2009 55.8 62.9
2008 56.9 60.2
2007 57.7 59.6
2006 57.3 61.9
2005 56.5 59.6
2004 55.3 59.2
2003 56.3 57.7
2002 57.7 57.8
2001 56.6 61.8
2000 52.7 58.3
1999 52.1 61.3
1998 53.4 60.7
1997 52.9 55.6
1996 - 50.4

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for the Gambia is 56.3, ranking 123/197, compared to 69.7 for Slovenia, ranking 40/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Gambia Slovenia
Services, % of GDP
53.1%
2025
58.6%
2025
Industry, % of GDP
15.8%
2025
28.3%
2025
Agriculture, forestry, and fishing, % of GDP
23.8%
2025
1.63%
2025
GNI, Atlas method
$2.62B
2025
$75.7B
2025
GNI per capita, PPP
$3,660
2025
$58,880
2025
Total reserves including gold
$629M
2024
$3.55B
2025
Total reserves ranking
151/177
2024
115/177
2025
Net foreign direct investment
-$232M
2024
-$738M
2025
Net inflows of foreign direct investment
$232M
2024
$1.87B
2024
Net outflows of foreign direct investment
-$665K
2024
$1.46B
2024
Servicing debt to the IMF, % of GNI
3.25%
2024
n/a
Poverty at national poverty lines
53.4%
2020
12.7%
2022
Gross capital formation, % of GDP
40.4%
2025
22%
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/slovenia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1966–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2023–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, 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.