Inflation of consumer prices in Gambia
Gambia: Inflation of consumer prices was 11.6% in 2024. ◆ Volatile
Inflation of consumer prices in Gambia, 1962–2024
Source: International Monetary Fund (IMF) International Financial Statistics, via World Bank (2026) – processed by Our World in Data. Measured in annual %.
Analysis
The most recent figure for inflation of consumer prices in Gambia is 11.6%, measured in 2024.
That represents a change of down 31.9% on the previous year and up 94.4% over ten years.
Over the whole period, inflation of consumer prices in Gambia peaked at 56.6% in 1986 and was at its lowest, -4.5%, in 1964.
That places Gambia 21st out of 190 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation of 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 of consumer prices in Gambia?
- Inflation of consumer prices in Gambia was 11.6% in 2024, according to International Monetary Fund (IMF) International Financial Statistics, via World Bank (2026) – processed by Our World in Data.
- What is the highest inflation of consumer prices recorded in Gambia?
- The highest recorded value was 56.6% in 1986.
- What is the lowest inflation of consumer prices recorded in Gambia?
- The lowest recorded value was -4.5% in 1964.
- How does Gambia rank for inflation of consumer prices?
- Gambia ranks 21st out of 190 countries with data for 2024.
- Is inflation of 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 Monetary Fund (IMF) International Financial Statistics, via World Bank (2026) – processed by Our World in Data, published as part of Inflation of consumer prices. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 63 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Annual changes in the cost to the average consumer of acquiring a set basket of goods and services. This measure is used to track changes in living costs over time.