Skip to content

Economy of Gambia vs Taiwan compared: GDP & Debt

Updated on by Georank

The Gambia has a GDP of $2.59B compared to $802B for Taiwan, ranking 174/197 and 22/197 by economy size, respectively.

The Gambia has $1.92B in government debt (73.9% of GDP), compared to $215B (22.4% of GDP) in Taiwan.

Gambia vs Taiwan GDP by year

Gambia
Taiwan
1x
Year GDP, current $
Gambia Taiwan
2025 $2,593,673,988 -
2024 $2,404,888,738 $801,529,000,000
2023 $2,382,262,185 $757,328,000,000
2022 $2,204,734,528 $765,529,000,000
2021 $2,014,158,842 $777,062,000,000
2020 $1,812,170,891 $676,935,000,000
2019 $1,813,609,692 $613,453,000,000
2018 $1,670,671,328 $610,744,000,000
2017 $1,504,909,463 $591,734,000,000
2016 $1,484,578,886 $543,002,000,000
2015 $1,378,176,609 $534,474,000,000
2014 $1,229,461,721 $535,332,000,000
2013 $1,375,609,453 $512,957,000,000
2012 $1,415,004,738 $495,536,000,000
2011 $1,409,693,597 $483,957,000,000
2010 $1,543,294,927 $444,245,000,000
2009 $1,450,142,509 $390,788,000,000
2008 $1,561,766,956 $415,824,000,000
2007 $1,279,703,047 $406,940,000,000
2006 $1,054,112,488 $386,492,000,000
2005 $1,027,701,068 $374,042,000,000
2004 $961,900,651 $346,881,000,000
2003 $487,038,685 $317,374,000,000
2002 $578,235,309 $307,429,000,000
2001 $687,410,645 $299,303,000,000
2000 $782,913,872 $330,725,000,000
1999 $814,724,032 $303,827,000,000
1998 $840,285,265 $279,926,000,000
1997 $803,633,342 $303,315,000,000
1996 $848,239,446 $292,473,000,000
1995 $785,999,865 $279,013,000,000
1994 $746,493,952 $256,213,000,000
1993 $755,040,974 $234,943,000,000
1992 $714,254,256 $222,947,000,000
1991 $690,311,081 $187,100,000,000
1990 $317,083,695 $166,392,000,000
1989 $284,120,329 $152,687,000,000
1988 $266,672,212 $126,378,000,000
1987 $220,626,484 $104,956,000,000
1986 $185,646,987 $78,347,000,000
1985 $225,726,359 $63,599,000,000
1984 $177,340,880 $61,036,000,000
1983 $213,448,585 $54,155,000,000
1982 $216,050,552 $49,540,000,000
1981 $218,767,743 $49,047,000,000
1980 $241,083,090 $42,292,000,000
1979 $207,112,628 $33,875,000,000
1978 $171,833,086 $27,373,000,000
1977 $138,093,099 $22,252,000,000
1976 $112,190,829 $18,988,000,000
1975 $115,179,719 $15,836,000,000
1974 $95,796,022 $14,739,000,000
1973 $75,187,749 $10,940,000,000
1972 $59,160,569 $8,063,000,000
1971 $55,728,663 $6,727,000,000
1970 $52,296,084 $5,785,000,000
1969 $45,168,072 $5,017,000,000
1968 $41,160,066 $4,325,000,000
1967 $46,695,007 $3,709,000,000
1966 $44,212,081 $3,207,000,000
1965 - $2,869,000,000
1964 - $2,592,000,000
1963 - $2,218,000,000
1962 - $1,960,000,000
1961 - $1,778,000,000
1960 - $1,743,000,000
1959 - $1,444,000,000
1958 - $1,836,000,000
1957 - $1,636,000,000
1956 - $1,399,000,000
1955 - $1,940,000,000
1954 - $1,628,000,000
1953 - $1,481,000,000
1952 - $1,677,000,000
1951 - $1,197,000,000

Data sources: National Statistics, Taiwan (1951–2024, retrieved 2026-07-08); World Bank | Economy & Growth (1966–2025, retrieved 2026-07-08).

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

GDP per capita in Gambia vs Taiwan by year

Gambia
GDP per capita

GDP per capita, PPP
Taiwan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Gambia Taiwan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $919 - - -
2024 $871 $3,476 $34,238 -
2023 $883 $3,289 $32,444 -
2022 $836 $3,067 $32,827 -
2021 $782 $2,778 $33,111 -
2020 $720 $2,531 $28,705 -
2019 $738 $2,422 $25,998 -
2018 $696 $2,277 $25,901 -
2017 $643 $2,039 $25,121 $50,500
2016 $650 $2,013 $23,091 -
2015 $620 $1,990 $22,780 $46,800
2014 $568 $1,934 $22,874 -
2013 $654 $2,007 $21,973 $39,600
2012 $693 $2,065 $21,295 $39,400
2011 $711 $2,064 $20,866 $38,200
2010 $801 $2,267 $19,197 $35,700
2009 $775 $2,177 $16,933 $32,000
2008 $859 $2,088 $18,081 $31,100
2007 $725 $1,985 $17,757 $30,100
2006 $615 $1,931 $16,934 $29,500
2005 $616 $1,938 $16,456 $27,500
2004 $593 $1,979 $15,317 $25,300
2003 $309 $1,850 $14,066 $23,400
2002 $377 $1,744 $13,686 $18,000
2001 $460 $1,823 $13,397 $17,200
2000 $538 $1,731 $14,908 $17,400
1999 $575 $1,649 $13,804 $16,100
1998 $610 $1,572 $12,820 -
1997 $600 $1,544 $14,020 -
1996 $652 $1,489 $13,641 -
1995 $622 $1,472 $13,119 -
1994 $608 $1,473 $12,150 -
1993 $635 $1,487 $11,242 -
1992 $623 $1,462 $10,768 -
1991 $628 $1,440 $9,125 -
1990 $301 $1,409 $8,205 -
1989 $280.9 - $7,613 -
1988 $274.9 - $6,370 -
1987 $237 - $5,350 -
1986 $207.7 - $4,036 -
1985 $262.8 - $3,314 -
1984 $214.8 - $3,224 -
1983 $268.6 - $2,903 -
1982 $282.1 - $2,699 -
1981 $296 - $2,720 -
1980 $338 - $2,389 -
1979 $300 - $1,950 -
1978 $257.6 - $1,606 -
1977 $213.8 - $1,330 -
1976 $179.3 - $1,158 -
1975 $189.8 - $985 -
1974 $162.6 - $934 -
1973 $131.4 - $706 -
1972 $106.5 - $530 -
1971 $103.3 - $451 -
1970 $99.8 - $397 -
1969 $88.7 - $357 -
1968 $83.1 - $319 -
1967 $97 - $280.8 -
1966 $94.4 - $249.1 -
1965 - - $229.3 -
1964 - - $213.6 -
1963 - - $188.6 -
1962 - - $172 -
1961 - - $161.2 -
1960 - - $163.4 -
1959 - - $140.4 -
1958 - - $185.1 -
1957 - - $170.5 -
1956 - - $150.6 -
1955 - - $216.3 -
1954 - - $188.3 -
1953 - - $177.7 -
1952 - - $208.4 -
1951 - - $154.3 -

Data sources: National Statistics, Taiwan (1951–2024, retrieved 2026-07-08); World Bank | Economy & Growth (1966–2025, retrieved 2026-07-08); Central Intelligence Agency (CIA) (1999–2017, retrieved 2026-07-08).

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

The Gambia's GDP per capita is $919, ranking 183/197, compared to $34,238 in Taiwan, ranking 38/197. Adjusted for purchasing power (GDP per capita PPP), the Gambia ranks 172nd at $3,476, while Taiwan ranks 44th at $50,500.

Economic indicators

Gambia Taiwan
Gross domestic product
$2.59B
2025
$802B
2024
GDP rank
174/197
2025
22/197
2024
GDP growth
5.89%
2024-2025
2.16%
2023-2024
GDP per capita
$919
2025
$34,238
2024
GDP per capita rank
183/197
2025
38/197
2024
GDP per capita, PPP
$3,476
2024
$50,500
2017
GDP per capita PPP rank
172/197
2024
44/197
2017
Government debt
$1.92B
2025
$215B
2024
Debt-to-GDP ratio
73.9%
2025
22.4%
2025
Government debt per person
$679
2025
$9,170
2024
Government debt per person rank
156/185
2025
64/185
2024
Average annual personal income after taxes
$710
2026
$18,863
2026
Number of millionaires n/a
772,000
2026
Number of billionaires n/a
66
2026
Income share by richest 10%
30.5%
2020
n/a
Income share by poorest 10%
2.6%
2020
n/a
Government expenditure, % of GDP
27.1%
2025
15.8%
2024
Consumer prices inflation
11.6%
2023-2024
1.7%
2024-2025
Central bank interest rate
14%
2026
2%
2024
Unemployment rate
7.05%
2025
3.35%
2025
Population
2916990
23229461

Spending and national debt comparison by year

Gambia
Spending

Debt
Taiwan
Spending

Debt
1x
Year % of GDP
Gambia Taiwan
Government spending Government debt Government spending Government debt
2025 27.1% 73.9% - 22.4%
2024 25.3% 78.5% 15.8% 26.8%
2023 23.9% 77.4% 17.1% 29%
2022 24.6% 83.9% 16% 29.5%
2021 21.5% 83.1% 15.4% 30.1%
2020 25.3% 85.9% 16.2% 32%
2019 23.9% 83% 15.3% 32.6%
2018 19% 83.6% 15.4% 33.8%
2017 23.6% 87% 15.4% 34.5%
2016 19.4% 79.5% 15.6% 35.4%
2015 19.6% 69.4% 15.5% 35.9%
2014 19% 71.1% - 37.5%
2013 17.2% 58.2% - 38.9%
2012 19.1% 49.5% - 39.2%
2011 16.5% 49.2% 18.3% 38.3%
2010 14.6% 42.9% - 36.9%
2009 14.4% 38.9% - 36.7%
2008 11.6% 39.5% - 33.4%
2007 11.2% 38% - 32.2%
2006 14% 87.3% - 33.3%
2005 12.9% 82.6% - 34.1%
2004 12.4% 81.3% - 33.4%
2003 9.3% 91.7% - 32.1%
2002 8.59% 93.9% - 29.8%
2001 9.68% 75.2% 22.4% 30.1%
2000 9.54% 73.3% - 26.2%
1999 - - - 23.7%
1998 - - - 23.7%
1997 - - - 25%
1996 - - - -
1995 - - - -
1994 - - - -
1993 - - - -
1992 - - - -
1991 - - 25.4% -
1990 - - - -
1989 - - - -
1988 - - - -
1987 - - - -
1986 - - - -
1985 - - - -
1984 - - - -
1983 - - - -
1982 - - - -
1981 - - 23.6% -
1980 - - - -
1979 - - - -
1978 - - - -
1977 - - - -
1976 - - 20.3% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2025, retrieved 2026-07-08); National Statistics, Taiwan (1976–2024, retrieved 2026-07-08).

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

In 2025, the Gambia's government spending was $704M, accounting for 27.1% of its GDP, while Taiwan spent $127B, or 15.8% of GDP.

Debt-to-GDP ratio is 73.9% in the Gambia and 22.4% in Taiwan, ranking 51/185 and 170/185, respectively.

Government deficit by year

Deficit/surplus
Gambia

Taiwan
1x
Year Deficit/surplus, % of GDP
Gambia Taiwan
2025 -2.95% -
2024 -4% 0.43%
2023 -3.56% -0.61%
2022 -5.72% 0.17%
2021 -4.77% -0.18%
2020 -2.37% -1.03%
2019 -2.75% 0.11%
2018 -3.92% 0.02%
2017 -4.35% -0.14%
2016 -6.22% -0.31%
2015 -5.38% 0.1%
2014 -3.94% -
2013 -5.11% -
2012 -2.85% -
2011 -3.03% -2.15%
2010 -2.93% -
2009 -1.65% -
2008 -0.45% -
2007 0.27% -
2006 -3.19% -
2005 -3.33% -
2004 -1.77% -
2003 -1.73% -
2002 0.06% -
2001 -2.52% -3.7%
2000 -0.09% -
1999 - -
1998 - -
1997 - -
1996 - -
1995 - -
1994 - -
1993 - -
1992 - -
1991 - -4.5%
1990 - -
1989 - -
1988 - -
1987 - -
1986 - -
1985 - -
1984 - -
1983 - -
1982 - -
1981 - -0.78%
1980 - -
1979 - -
1978 - -
1977 - -
1976 - 1.32%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2000–2025, retrieved 2026-07-08); National Statistics, Taiwan (1976–2024, retrieved 2026-07-08).

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

In 2024, the Gambia's government deficit, the difference between spending and revenue, was $96.3M, equivalent to 4% of GDP. This compares to Taiwan's surplus of $3.45B, or 0.43% of GDP.

Over the past 25 years, the Gambia recorded a fiscal deficit in 23 of those years, while Taiwan ran a deficit in 7 years. On average, the Gambia posted an annual deficit equal to 3.01% of GDP, compared to deficit of 0.61% of GDP for Taiwan.

Inflation comparison by year

Inflation
Gambia

Taiwan
1x
Year Consumer prices inflation
Gambia Taiwan
2025 - 1.7%
2024 11.6% 2.2%
2023 17% 2.5%
2022 11.5% 2.9%
2021 7.37% 2%
2020 5.93% -0.2%
2019 7.12% 0.6%
2018 6.52% 1.4%
2017 8.03% 0.6%
2016 7.23% 1.4%
2015 6.81% -0.3%
2014 5.95% 1.2%
2013 5.7% 0.8%
2012 4.25% 1.9%
2011 4.8% 1.4%
2010 5.05% 1%
2009 4.56% -0.9%
2008 4.44% 3.5%
2007 5.37% 1.8%
2006 2.06% 0.6%
2005 4.84% 2.3%
2004 14.2% 1.6%
2003 17% -0.3%
2002 8.61% -0.2%
2001 4.49% 0%
2000 0.84% 1.2%
1999 3.81% 0.2%
1998 1.11% 1.7%
1997 2.78% 0.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2024, retrieved 2026-07-08).

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

Over the past 28 years, the Gambia has recorded an average annual inflation rate of 6.75%, compared with 1.14% in Taiwan. In 2024, inflation was 11.6% in the Gambia and 1.7% in Taiwan.

Balance of trade

Gambia Taiwan
Current account balance
-$99.8M
2024
$113B
2024
Current account balance ranking
81/190
2024
5/190
2024
Current account balance, % of GDP
-4.15%
2024
+14.1%
2024
Goods imports
$1.39B
2024
n/a
Goods exports
$363M
2024
n/a
Service imports
$161M
2024
n/a
Service exports
$485M
2024
n/a
Imports of goods and services, % of GDP
49.4%
2025
54.5%
2025
Exports of goods and services, % of GDP
12.7%
2025
73.6%
2025

Economic freedom indices

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

Gambia Taiwan
Economic freedom 56.3 79.8
Economic freedom ranking 123/197 6/197
Property rights 55.4 83.4
Government integrity 40.5 74.3
Judicial effectiveness 45.8 94.3
Tax burden 79.2 78.9
Government spending 81.1 90
Fiscal health 54.8 92.9
Business freedom 50.1 78.6
Labor freedom 46.4 69
Monetary freedom 57.3 80.3
Trade freedom 64.8 86
Investment freedom 50 70
Financial freedom 50 60

Economic freedom comparison by year

Gambia
Taiwan
1x
Year Economic freedom index
Gambia Taiwan
2026 56.3 79.8
2025 56.8 79.7
2024 58.2 80
2023 57.9 80.7
2022 58 80.1
2021 58.8 78.6
2020 56.3 77.1
2019 52.4 77.3
2018 52.3 76.6
2017 53.4 76.5
2016 57.1 74.7
2015 57.5 75.1
2014 59.5 73.9
2013 58.8 72.7
2012 58.8 71.9
2011 57.4 70.8
2010 55.1 70.4
2009 55.8 69.5
2008 56.9 70.3
2007 57.7 69.4
2006 57.3 69.7
2005 56.5 71.3
2004 55.3 69.6
2003 56.3 71.7
2002 57.7 71.3
2001 56.6 72.8
2000 52.7 72.5
1999 52.1 71.5
1998 53.4 70.4
1997 52.9 70
1996 - 74.1
1995 - 74.2

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

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

The Economic Freedom Index for the Gambia is 56.3, ranking 123/197, compared to 79.8 for Taiwan, ranking 6/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Gambia Taiwan
Services, % of GDP
53.1%
2025
58.1%
2024
Industry, % of GDP
15.8%
2025
40.4%
2024
Agriculture, forestry, and fishing, % of GDP
23.8%
2025
1.46%
2024
GNI, Atlas method
$2.62B
2025
$832B
2024
GNI per capita, PPP
$3,660
2025
n/a
Total reserves including gold
$629M
2024
n/a
Total reserves ranking
151/177
2024
n/a
Net foreign direct investment
-$232M
2024
n/a
Net inflows of foreign direct investment
$232M
2024
n/a
Net outflows of foreign direct investment
-$665K
2024
n/a
Servicing debt to the IMF, % of GNI
3.25%
2024
n/a
Poverty at national poverty lines
53.4%
2020
1.5%
2020
Gross capital formation, % of GDP
40.4%
2025
26.9%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); National Statistics, Taiwan (1985–2024, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1966–2025, retrieved 2026-07-08)
  2. National Statistics, Taiwan (1951–2026, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1997–2025, 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. Central Intelligence Agency (CIA) (1999–2020, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. 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.