About This Publication
In The Gambia, the 2025 OBS Debt Accountability Module highlights a context of relatively high but gradually declining debt levels alongside ongoing concerns about debt sustainability and transparency. Over the past five years, the country’s debt-to-GDP ratio has decreased overall —from 85.97 percent in 2020 to 74.67 percent in 2024—although it rose slightly between 2021 and 2022. Public debt remains largely external, with external borrowing accounting for 65.75 percent of the total portfolio compared to 34.25 percent domestic debt. Debt servicing places a significant burden on public finances, with total debt service reaching GMD 7.48 billion in 2024, representing about 26.64% of total government expenditure.