Gambia, The: Import value index (2015 = 100)

Key figures

What the numbers say

In 2024, Gambia, The's import value index (2015 = 100) rose 17.6 on 2023 (from 340.9 to 358.5).

Across the 18 yearly changes before that (2006 to 2023), the average change was +15.54 and a typical year strayed about 36.96 from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 147.8 in 2023 and the biggest yearly fall was 20.5 in 2016. 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 27.3 a year. A straight line explains 78% 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.

How it compares

In 2024, Gambia, The had the 4th highest value of the 204 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Gambia, The in the 2024 ranking

• Djibouti — 1st of 204: 645.5
• Armenia — 2nd of 204: 528.8
• Guyana — 3rd of 204: 456.8
• Congo, Dem. Rep. — 5th of 204: 330.3
• Uzbekistan — 6th of 204: 309
• Mongolia — 7th of 204: 306.1

What this measures

Import value indexes are the current value of imports (c.i.f.) converted to U.S. dollars and expressed as a percentage of the average for the base period (2015). UNCTAD's import value indexes are reported for most economies.

All 20 values

Import value index (2015 = 100) in nearby economies

• Angola — 80 (2024)
• Benin — 204.3 (2024)
• Botswana — 99.3 (2024)
• Burkina Faso — 209.8 (2024)
• Burundi — 119.5 (2024)
• Cabo Verde — 300.7 (2024)
• Cameroon — 136.5 (2024)
• Central African Republic — 156.5 (2024)
• Chad — 56 (2024)
• Comoros — 168.5 (2024)
• Congo, Dem. Rep. — 330.3 (2024)

More trade data for Gambia, The

• Import volume index (2015 = 100) — 274.5 (2024)
• Net barter terms of trade index (2015 = 100) — 95.3 (2024)
• Export volume index (2015 = 100) — 185.9 (2024)
• Export value index (2015 = 100) — 231.4 (2024)
• Binding coverage, manufactured products (%) — 0% (2022)
• Tariff rate, applied, simple mean, manufactured products (%) — 13.19% (2022)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 11.72% (2022)
• Tariff rate, applied, weighted mean, manufactured products (%) — 15.33% (2022)
• Tariff rate, most favored nation, weighted mean, manufactured products (%)

Reading data like this

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Questions people ask

What is Gambia, The's import value index (2015 = 100)?

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

How has it changed since 2005?

It is up 485.78% from 61.2 in 2005 (9.75% a year on average, compounded). The highest value was 358.5 in 2024 and the lowest 61.1 in 2006.

How does Gambia, The rank?

4th highest of 204 economies with data for 2024.

Is the latest change in import value index (2015 = 100) unusual for Gambia, The?

In 2024, Gambia, The's import value index (2015 = 100) rose 17.6 on 2023 (from 340.9 to 358.5). Across the 18 yearly changes before that (2006 to 2023), the average change was +15.54 and a typical year strayed about 36.96 from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator TM.VAL.MRCH.XD.WD, licensed CC BY 4.0. Original source: UN Conference on Trade and Development (UNCTAD) 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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