Inflation, consumer prices in Gambia
Gambia: Inflation, consumer prices was 11.6% in 2024. ◆ Volatile
Inflation, consumer prices in Gambia, 1962–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual %.
Analysis
In 2024, inflation, consumer prices in Gambia stood at 11.6%.
Compared with earlier readings it is down 31.9% on the previous year and up 94.4% over ten years.
Over the whole period, inflation, consumer prices in Gambia peaked at 56.6% in 1986 and was at its lowest, -4.5%, in 1964.
Gambia ranks 21st of 191 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, consumer prices in Gambia, year by year
| Year | annual % | Change |
|---|---|---|
| 1962 | 1.8% | — |
| 1963 | 4.6% | +158.2% |
| 1964 | -4.5% | -198.3% |
| 1965 | 1.2% | -126.9% |
| 1966 | 0.2% | -80.4% |
| 1967 | 1.4% | +488.6% |
| 1968 | 4.2% | +197.0% |
| 1969 | 5.0% | +19.9% |
| 1970 | -2.0% | -139.6% |
| 1971 | 3.1% | -254.0% |
| 1972 | 8.7% | +184.6% |
| 1973 | 6.9% | -20.5% |
| 1974 | 9.2% | +33.5% |
| 1975 | 25.9% | +180.7% |
| 1976 | 17.0% | -34.3% |
| 1977 | 12.4% | -27.2% |
| 1978 | 8.9% | -28.5% |
| 1979 | 6.1% | -30.8% |
| 1980 | 6.8% | +11.4% |
| 1981 | 5.9% | -12.9% |
| 1982 | 10.9% | +82.6% |
| 1983 | 10.6% | -2.0% |
| 1984 | 22.1% | +107.8% |
| 1985 | 18.3% | -17.1% |
| 1986 | 56.6% | +208.7% |
| 1987 | 23.5% | -58.4% |
| 1988 | 11.7% | -50.3% |
| 1989 | 8.3% | -29.2% |
| 1990 | 12.2% | +47.0% |
| 1991 | 8.6% | -29.0% |
| 1992 | 9.5% | +9.8% |
| 1993 | 6.5% | -31.9% |
| 1994 | 1.7% | -73.5% |
| 1995 | 7.0% | +308.2% |
| 1996 | 1.1% | -84.3% |
| 1997 | 2.8% | +153.0% |
| 1998 | 1.1% | -59.9% |
| 1999 | 3.8% | +242.2% |
| 2000 | 0.8% | -77.8% |
| 2001 | 4.5% | +431.7% |
| 2002 | 8.6% | +91.6% |
| 2003 | 17.0% | +97.8% |
| 2004 | 14.2% | -16.6% |
| 2005 | 4.8% | -65.9% |
| 2006 | 2.1% | -57.5% |
| 2007 | 5.4% | +161.1% |
| 2008 | 4.4% | -17.2% |
| 2009 | 4.6% | +2.7% |
| 2010 | 5.0% | +10.7% |
| 2011 | 4.8% | -5.0% |
| 2012 | 4.3% | -11.3% |
| 2013 | 5.7% | +34.0% |
| 2014 | 5.9% | +4.4% |
| 2015 | 6.8% | +14.5% |
| 2016 | 7.2% | +6.2% |
| 2017 | 8.0% | +11.1% |
| 2018 | 6.5% | -18.8% |
| 2019 | 7.1% | +9.1% |
| 2020 | 5.9% | -16.6% |
| 2021 | 7.4% | +24.3% |
| 2022 | 11.5% | +56.2% |
| 2023 | 17.0% | +47.4% |
| 2024 | 11.6% | -31.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.7% | -4.5% | 5.0% | 8 |
| 1970s | 9.6% | -2.0% | 25.9% | 10 |
| 1980s | 17.5% | 5.9% | 56.6% | 10 |
| 1990s | 5.4% | 1.1% | 12.2% | 10 |
| 2000s | 6.6% | 0.8% | 17.0% | 10 |
| 2010s | 6.1% | 4.3% | 8.0% | 10 |
| 2020s | 10.7% | 5.9% | 17.0% | 5 |
Countries ranked near Gambia
- 18 Syria 13.4% compare
- 19 Ethiopia 13.2% compare
- 20 Ukraine 12.7% compare
- 22 Kazakhstan 11.4% compare
- 23 Sao Tome and Principe 11.0% compare
- 24 Palestine, State of 9.8% compare
More economy & growth data for Gambia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.69 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.02 Percent per annum (2029)
- Services, value added (constant LCU), per capita 15,359 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 7.89 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 8.07 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9275 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 852.41 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 14.48 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 66.54 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 61,155 current LCU per person (2025)
Frequently asked questions
- What is inflation, consumer prices in Gambia?
- Inflation, consumer prices in Gambia was 11.6% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest inflation, consumer prices recorded in Gambia?
- The highest recorded value was 56.6% in 1986.
- What is the lowest inflation, consumer prices recorded in Gambia?
- The lowest recorded value was -4.5% in 1964.
- How does Gambia rank for inflation, consumer prices?
- Gambia ranks 21st out of 191 countries with data for 2024.
- Is inflation, consumer prices rising or falling in Gambia?
- Over the last ten years it is up 94.4%. The long-run trend across the full record is volatile.
- Where does this Gambia data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Inflation, consumer prices (annual %). Statizoid updates them automatically from the source API.
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About this data
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly.