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Economy of Gambia vs Zimbabwe compared: GDP & Debt

Updated on by Georank

The Gambia has a GDP of $2.59B compared to $51.2B for Zimbabwe, ranking 174/197 and 95/197 by economy size, respectively.

The Gambia has $1.92B in government debt (73.9% of GDP), compared to $22.4B (43.8% of GDP) in Zimbabwe.

Gambia vs Zimbabwe GDP by year

Gambia
Zimbabwe
1x
Year GDP, current $
Gambia Zimbabwe
2025 $2,593,673,988 $51,215,643,906
2024 $2,404,888,738 $41,521,975,830
2023 $2,382,262,185 $35,871,781,303
2022 $2,204,734,528 $40,757,585,309
2021 $2,014,158,842 $41,287,852,524
2020 $1,812,170,891 $31,979,753,645
2019 $1,813,609,692 $33,360,632,553
2018 $1,670,671,328 $34,141,666,667
2017 $1,504,909,463 $51,035,657,371
2016 $1,484,578,886 $20,559,250,000
2015 $1,378,176,609 $19,973,250,000
2014 $1,229,461,721 $19,505,500,000
2013 $1,375,609,453 $19,100,750,000
2012 $1,415,004,738 $17,123,500,000
2011 $1,409,693,597 $14,109,000,000
2010 $1,543,294,927 $12,047,750,000
2009 $1,450,142,509 $9,670,750,000
2008 $1,561,766,956 $4,418,000,000
2007 $1,279,703,047 $5,294,750,000
2006 $1,054,112,488 $5,446,750,000
2005 $1,027,701,068 $5,758,250,000
2004 $961,900,651 $5,808,500,000
2003 $487,038,685 $5,730,500,000
2002 $578,235,309 $6,345,250,000
2001 $687,410,645 $6,780,750,000
2000 $782,913,872 $6,693,250,000
1999 $814,724,032 $6,861,500,000
1998 $840,285,265 $6,405,250,000
1997 $803,633,342 $8,534,000,000
1996 $848,239,446 $8,557,500,000
1995 $785,999,865 $7,115,000,000
1994 $746,493,952 $6,894,250,000
1993 $755,040,974 $6,567,250,000
1992 $714,254,256 $6,755,000,000
1991 $690,311,081 $8,646,000,000
1990 $317,083,695 $8,788,301,546
1989 $284,120,329 $8,290,553,535
1988 $266,672,212 $7,818,774,177
1987 $220,626,484 $6,744,657,033
1986 $185,646,987 $6,220,698,247
1985 $225,726,359 $5,640,137,575
1984 $177,340,880 $6,355,369,172
1983 $213,448,585 $7,768,031,182
1982 $216,050,552 $8,544,060,905
1981 $218,767,743 $8,015,464,252
1980 $241,083,090 $6,682,278,300
1979 $207,112,628 $5,180,102,910
1978 $171,833,086 $4,353,822,343
1977 $138,093,099 $4,366,610,469
1976 $112,190,829 $4,320,576,877
1975 $115,179,719 $4,373,532,601
1974 $95,796,022 $3,984,194,614
1973 $75,187,749 $3,311,043,292
1972 $59,160,569 $2,679,096,597
1971 $55,728,663 $2,179,828,710
1970 $52,296,084 $1,885,168,339
1969 $45,168,072 $1,748,891,294
1968 $41,160,066 $1,480,355,355
1967 $46,695,007 $1,397,715,282
1966 $44,212,081 $1,282,403,936
1965 - $1,312,105,394
1964 - $1,217,759,447
1963 - $1,160,103,724
1962 - $1,118,172,226
1961 - $1,097,206,526
1960 - $1,053,528,036

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

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

GDP per capita in Gambia vs Zimbabwe by year

Gambia
GDP per capita

GDP per capita, PPP
Zimbabwe
GDP per capita

GDP per capita, PPP
1x
Year Current $
Gambia Zimbabwe
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $919 - $3,021 -
2024 $871 $3,476 $2,496 $5,928
2023 $883 $3,289 $2,195 $5,791
2022 $836 $3,067 $2,536 $5,396
2021 $782 $2,778 $2,614 $4,827
2020 $720 $2,531 $2,060 $4,179
2019 $738 $2,422 $2,185 $4,166
2018 $696 $2,277 $2,271 $3,993
2017 $643 $2,039 $3,445 $10,756
2016 $650 $2,013 $1,408 $4,275
2015 $620 $1,990 $1,387 $4,046
2014 $568 $1,934 $1,373 $3,903
2013 $654 $2,007 $1,363 $3,784
2012 $693 $2,065 $1,239 $3,472
2011 $711 $2,064 $1,038 $3,047
2010 $801 $2,267 $902 $2,661
2009 $775 $2,177 $736 $2,233
2008 $859 $2,088 $341 $1,987
2007 $725 $1,985 $414 $2,396
2006 $615 $1,931 $431 $2,454
2005 $616 $1,938 $461 $2,496
2004 $593 $1,979 $470 $2,591
2003 $309 $1,850 $468 $2,708
2002 $377 $1,744 $525 $3,238
2001 $460 $1,823 $566 $3,533
2000 $538 $1,731 $563 $3,429
1999 $575 $1,649 $582 $3,491
1998 $610 $1,572 $552 $3,527
1997 $600 $1,544 $751 $3,457
1996 $652 $1,489 $767 $3,372
1995 $622 $1,472 $648 $3,051
1994 $608 $1,473 $634 $3,012
1993 $635 $1,487 $605 $2,703
1992 $623 $1,462 $631 $2,651
1991 $628 $1,440 $831 $2,930
1990 $301 $1,409 $867 $2,757
1989 $280.9 - $840 -
1988 $274.9 - $816 -
1987 $237 - $726 -
1986 $207.7 - $693 -
1985 $262.8 - $649 -
1984 $214.8 - $757 -
1983 $268.6 - $959 -
1982 $282.1 - $1,096 -
1981 $296 - $1,069 -
1980 $338 - $949 -
1979 $300 - $779 -
1978 $257.6 - $665 -
1977 $213.8 - $677 -
1976 $179.3 - $687 -
1975 $189.8 - $717 -
1974 $162.6 - $674 -
1973 $131.4 - $579 -
1972 $106.5 - $483 -
1971 $103.3 - $406 -
1970 $99.8 - $361 -
1969 $88.7 - $346 -
1968 $83.1 - $302 -
1967 $97 - $294.4 -
1966 $94.4 - $278.7 -
1965 - - $294.3 -
1964 - - $281.9 -
1963 - - $277.1 -
1962 - - $275.7 -
1961 - - $279.2 -
1960 - - $276.6 -

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

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

The Gambia's GDP per capita is $919, ranking 183/197, compared to $3,021 in Zimbabwe, ranking 146/197. Adjusted for purchasing power (GDP per capita PPP), the Gambia ranks 172nd at $3,476, while Zimbabwe ranks 154th at $5,928.

Economic indicators

Gambia Zimbabwe
Gross domestic product
$2.59B
2025
$51.2B
2025
GDP rank
174/197
2025
95/197
2025
GDP growth
5.89%
2024-2025
8.11%
2024-2025
GDP per capita
$919
2025
$3,021
2025
GDP per capita rank
183/197
2025
146/197
2025
GDP per capita, PPP
$3,476
2024
$5,928
2024
GDP per capita PPP rank
172/197
2024
154/197
2024
Government debt
$1.92B
2025
$22.4B
2025
Debt-to-GDP ratio
73.9%
2025
43.8%
2025
Government debt per person
$679
2025
$1,322
2025
Government debt per person rank
156/185
2025
134/185
2025
Average annual personal income after taxes
$710
2026
$2,800
2026
Market capitalization of domestic companies n/a
$2.46B
1999
Number of billionaires n/a
1
2026
Income share by richest 10%
30.5%
2020
40.5%
2019
Income share by poorest 10%
2.6%
2020
1.9%
2019
Government expenditure, % of GDP
27.1%
2025
15.5%
2025
Consumer prices inflation
11.6%
2023-2024
81.4%
2024-2025
Central bank interest rate
14%
2026
35%
2024
Unemployment rate
7.05%
2025
12.1%
2024
Population
2916990
17443108

Spending and national debt comparison by year

Gambia
Spending

Debt
Zimbabwe
Spending

Debt
1x
Year % of GDP
Gambia Zimbabwe
Government spending Government debt Government spending Government debt
2025 27.1% 73.9% 15.5% 43.8%
2024 25.3% 78.5% 13.7% 70.4%
2023 23.9% 77.4% 21.1% 76.1%
2022 24.6% 83.9% 12.1% 66.8%
2021 21.5% 83.1% 12.4% 39.9%
2020 25.3% 85.9% 8.4% 56.8%
2019 23.9% 83% 7.7% 53.9%
2018 19% 83.6% 14.6% 33%
2017 23.6% 87% 21.1% 49%
2016 19.4% 79.5% 17% 35.1%
2015 19.6% 69.4% 14.9% 34.1%
2014 19% 71.1% 14.2% 29.2%
2013 17.2% 58.2% 15.2% 26.4%
2012 19.1% 49.5% 14.8% 27.2%
2011 16.5% 49.2% 16.5% 30%
2010 14.6% 42.9% 13.1% 33.2%
2009 14.4% 38.9% 8.02% 39.7%
2008 11.6% 39.5% 2.57% 41.3%
2007 11.2% 38% 3.46% 30.2%
2006 14% 87.3% 5.79% 26.7%
2005 12.9% 82.6% 10.6% 22.4%
2004 12.4% 81.3% - -
2003 9.3% 91.7% - -
2002 8.59% 93.9% - -
2001 9.68% 75.2% - -
2000 9.54% 73.3% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2000–2025, retrieved 2026-07-08).

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

In 2025, the Gambia's government spending was $704M, accounting for 27.1% of its GDP, while Zimbabwe spent $7.92B, or 15.5% of GDP.

Debt-to-GDP ratio is 73.9% in the Gambia and 43.8% in Zimbabwe, ranking 51/185 and 120/185, respectively.

Government deficit by year

Deficit/surplus
Gambia

Zimbabwe
1x
Year Deficit/surplus, % of GDP
Gambia Zimbabwe
2025 -2.95% 0.08%
2024 -4% -0.76%
2023 -3.56% -9.45%
2022 -5.72% -1%
2021 -4.77% -1.83%
2020 -2.37% 0.53%
2019 -2.75% -0.06%
2018 -3.92% -4.55%
2017 -4.35% -8.68%
2016 -6.22% -4.99%
2015 -5.38% -1.61%
2014 -3.94% -0.87%
2013 -5.11% -1.21%
2012 -2.85% -0.35%
2011 -3.03% -1.98%
2010 -2.93% -0.4%
2009 -1.65% -1.48%
2008 -0.45% -1.22%
2007 0.27% -1.71%
2006 -3.19% -1.46%
2005 -3.33% -3.58%
2004 -1.77% -
2003 -1.73% -
2002 0.06% -
2001 -2.52% -
2000 -0.09% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2000–2025, retrieved 2026-07-08).

GeoRank.org/economy/gambia/zimbabwe | 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 Zimbabwe's surplus of $41.9M, or 0.08% of GDP.

Over the past 21 years, the Gambia recorded a fiscal deficit in 20 of those years, while Zimbabwe ran a deficit in 19 years. On average, the Gambia posted an annual deficit equal to 3.44% of GDP, compared to deficit of 2.22% of GDP for Zimbabwe.

Inflation comparison by year

Inflation
Gambia

Zimbabwe
1x
Year Consumer prices inflation
Gambia Zimbabwe
2025 - 81.4%
2024 11.6% 736%
2023 17% 667%
2022 11.5% 193.4%
2021 7.37% 98.5%
2020 5.93% 557%
2019 7.12% 255.3%
2018 6.52% 10.6%
2017 8.03% 0.9%
2016 7.23% -1.6%
2015 6.81% -2.4%
2014 5.95% -0.2%
2013 5.7% 1.6%
2012 4.25% 3.7%
2011 4.8% 3.5%
2010 5.05% 3%
2009 4.56% 6.2%
2008 4.44% -
2007 5.37% -
2006 2.06% -
2005 4.84% -
2004 14.2% -
2003 17% -
2002 8.61% -
2001 4.49% -
2000 0.84% -
1999 3.81% -
1998 1.11% -
1997 2.78% -

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-07-08); International Monetary Fund (IMF) | World Economic Outlook (2009–2025, retrieved 2026-07-08).

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

Over the past 16 years, the Gambia has recorded an average annual inflation rate of 7.46%, compared with 158.3% in Zimbabwe. In 2024, inflation was 11.6% in the Gambia and 81.4% in Zimbabwe.

Balance of trade

Gambia Zimbabwe
Current account balance
-$99.8M
2024
$501M
2024
Current account balance ranking
81/190
2024
59/190
2024
Current account balance, % of GDP
-4.15%
2024
+1.21%
2024
Goods imports
$1.39B
2024
$9.06B
2024
Goods exports
$363M
2024
$7.79B
2024
Service imports
$161M
2024
$1.66B
2024
Service exports
$485M
2024
$457M
2024
Imports of goods and services, % of GDP
49.4%
2025
23.4%
2024
Exports of goods and services, % of GDP
12.7%
2025
18.1%
2024

Economic freedom indices

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

Gambia Zimbabwe
Economic freedom 56.3 35.2
Economic freedom ranking 123/197 190/197
Property rights 55.4 19.4
Government integrity 40.5 20.7
Judicial effectiveness 45.8 16.8
Tax burden 79.2 73.6
Government spending 81.1 93.9
Fiscal health 54.8 52.4
Business freedom 50.1 42
Labor freedom 46.4 33.3
Monetary freedom 57.3 0
Trade freedom 64.8 50.4
Investment freedom 50 10
Financial freedom 50 10

Economic freedom comparison by year

Gambia
Zimbabwe
1x
Year Economic freedom index
Gambia Zimbabwe
2026 56.3 35.2
2025 56.8 35.1
2024 58.2 38.2
2023 57.9 39
2022 58 33.1
2021 58.8 39.5
2020 56.3 43.1
2019 52.4 40.4
2018 52.3 44
2017 53.4 44
2016 57.1 38.2
2015 57.5 37.6
2014 59.5 35.5
2013 58.8 28.6
2012 58.8 26.3
2011 57.4 22.1
2010 55.1 21.4
2009 55.8 22.7
2008 56.9 29.5
2007 57.7 32
2006 57.3 33.5
2005 56.5 35.2
2004 55.3 34.4
2003 56.3 36.7
2002 57.7 36.7
2001 56.6 38.8
2000 52.7 48.7
1999 52.1 47.2
1998 53.4 44.6
1997 52.9 48
1996 - 46.7
1995 - 48.5

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

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

The Economic Freedom Index for the Gambia is 56.3, ranking 123/197, compared to 35.2 for Zimbabwe, ranking 190/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Gambia Zimbabwe
Services, % of GDP
53.1%
2025
48.2%
2025
Industry, % of GDP
15.8%
2025
37.1%
2025
Agriculture, forestry, and fishing, % of GDP
23.8%
2025
9.47%
2025
GNI, Atlas method
$2.62B
2025
$45B
2025
GNI per capita, PPP
$3,660
2025
$6,390
2025
Total reserves including gold
$629M
2024
$485M
2024
Total reserves ranking
151/177
2024
159/177
2024
Net foreign direct investment
-$232M
2024
-$465M
2024
Net inflows of foreign direct investment
$232M
2024
$465M
2024
Net outflows of foreign direct investment
-$665K
2024
$131M
2024
Servicing debt to the IMF, % of GNI
3.25%
2024
3.44%
2024
Poverty at national poverty lines
53.4%
2020
38.3%
2019
Gross capital formation, % of GDP
40.4%
2025
8.85%
2024

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/zimbabwe | CC BY

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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. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  6. 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.