Gambia, The: Consumer price index (2010 = 100)

Key figures

What the numbers say

In 2024, Gambia, The's consumer price index (2010 = 100) rose 29.63 on 2023 (from 256.27 to 285.89).

Across the 30 yearly changes before that (1994 to 2023), the average change was +7.12 and a typical year strayed about 7.49 from that (the standard deviation). This year's change was 3.0 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 37.19 in 2023 and the biggest yearly fall was 0.11 in 1964. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about 16.15 a year. A straight line explains 93% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

A straight-line projection, tested first

Extending that straight line gives about 299.34 for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was 44.3, against 57.29 for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

Closest to Gambia, The in the 2024 ranking

• South Sudan — 1st of 6: 41,281
• Afghanistan — 3rd of 6: 168.54
• Equatorial Guinea — 4th of 6: 144.38
• United States — 5th of 6: 143.86

What this measures

Index of the prices of consumption goods and services, as compared to a certain reference period (2010=100).

Limitations: Consumer price indexes should be interpreted with caution. The definition of a household, the basket of goods, and the geographic (urban or rural) and income group coverage of consumer price surveys can vary widely by country. In addition, weights are derived from household expenditure surveys, which, for budgetary reasons, tend to be conducted infrequently in developing countries, impairing comparability over time. Although useful for measuring consumer price inflation within a country, consumer price indexes are of less value in comparing countries.

All 64 values

Consumer price index (2010 = 100) in nearby economies

• Angola — 1,240 (2025)
• Benin — 123.58 (2025)
• Botswana — 202.64 (2025)
• Burkina Faso — 136.48 (2025)
• Burundi — 515.21 (2025)
• Cabo Verde — 131.11 (2025)
• Cameroon — 153.29 (2025)
• Central African Republic — 179.37 (2025)
• Chad — 149.69 (2025)
• Comoros — 157.9 (2025)
• Congo, Dem. Rep. — 133.85 (2016)

More financial sector data for Gambia, The

• DEC alternative conversion factor (LCU per US$) — US$71.74 (2025)
• Official exchange rate (LCU per US$, period average) — US$71.29 (2025)
• Inflation, consumer prices (annual % growth) — 11.56% (2024)
• GDP deflator (base year varies by country) — 227.82 (2025)
• Net domestic credit (current LCU) — 64.61 billion (2024)
• Net foreign assets (current LCU) — 32.07 billion (2024)
• Broad money (current LCU) — 76.35 billion (2024)
• Broad money to total reserves ratio — 1.79 (2024)
• Inflation, GDP deflator (annual % growth) — 7.89% (2025)
• Domestic credit to private sector by banks (% of GDP)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Gambia, The's consumer price index (2010 = 100)?

285.89 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1961?

It is up 12,456% from 2.28 in 1961 (7.97% a year on average, compounded). The highest value was 285.89 in 2024 and the lowest 2.28 in 1961.

Is the latest change in consumer price index (2010 = 100) unusual for Gambia, The?

In 2024, Gambia, The's consumer price index (2010 = 100) rose 29.63 on 2023 (from 256.27 to 285.89). Across the 30 yearly changes before that (1994 to 2023), the average change was +7.12 and a typical year strayed about 7.49 from that (the standard deviation). This year's change was 3.0 standard deviations above that average, so it was unusually large compared with the rest of the record.

Source

World Bank, World Development Indicators, indicator FP.CPI.TOTL, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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