Inflation, consumer prices (annual %) (International Financial) in Gambia
Gambia: Inflation, consumer prices (annual %) (International Financial) 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 192 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 (annual %) (International Financial) 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% |
Gambia compared with similar countries
- Gambia's 11.6% is above the median for low income countries, which is 6.7%, 1.7× the median. (22 countries reporting)
- Gambia's 11.6% is above the median for Sub-Saharan Africa, which is 3.5%, 3.3× the median. (46 countries reporting)
Biggest year-on-year movements
Years where Inflation, consumer prices (annual %) (International Financial) in Gambia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1967 | +488.6% | 0.2% | 1.4% |
| 2001 | +431.7% | 0.8% | 4.5% |
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
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)
- SDRs holdings, US dollar, annual growth rate 50.95 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0378 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 34.71 units per person (2025)
- SDRs holdings, SDR, annual growth rate 43.74 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0276 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 25.35 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0279 units per US$ of GDP (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 192 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.