Goods and Services: Net for Gambia, The
GMBBGSBP6GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-34.24
Year-over-Year Change
99.04%
Date Range
1/1/2000 - 1/1/2026
Summary
The 'Goods and Services: Net for Gambia, The' series measures the balance of trade in goods and services for the Gambian economy. This is a key indicator of Gambia's international competitiveness and macroeconomic performance.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic trend represents the difference between Gambia's exports and imports of goods and services. It is an important gauge of the country's trade position and the strength of its external sector, providing insight into factors driving economic growth and development.
Methodology
The data is collected and reported by the Central Bank of Gambia.
Historical Context
Policymakers and analysts use this metric to assess Gambia's trade dynamics and current account balance, informing decisions on trade, exchange rate, and macroeconomic policies.
Key Facts
- Gambia is a small, open economy heavily dependent on imports.
- The trade balance is an important driver of Gambia's GDP growth.
- Gambia has historically run a trade deficit, importing more than it exports.
FAQs
Q: What does this economic trend measure?
A: The 'Goods and Services: Net for Gambia, The' series measures the difference between Gambia's exports and imports of goods and services, reflecting the country's trade balance.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Gambia's international competitiveness, macroeconomic performance, and the strength of its external sector, informing policymakers and investors.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Gambia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Gambia's trade dynamics and current account balance, informing decisions on trade, exchange rate, and macroeconomic policies.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Central Bank of Gambia, but may be subject to revision or updates over time.
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Citation
U.S. Federal Reserve, Goods and Services: Net for Gambia, The (GMBBGSBP6GDPPT), retrieved from FRED.