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

Key figures

What the numbers say

In 2024, Gambia, The's import volume index (2015 = 100) rose 18.2 on 2023 (from 256.3 to 274.5).

Across the 18 yearly changes before that (2006 to 2023), the average change was +9.77 and a typical year strayed about 31.26 from that (the standard deviation). This year's change was 0.3 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 116 in 2023 and the biggest yearly fall was 21.6 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 17.46 a year. A straight line explains 72% 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 203 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 203: 493.8
• Armenia — 2nd of 203: 372
• Guyana — 3rd of 203: 347.8
• Congo, Dem. Rep. — 5th of 203: 263.4
• Uzbekistan — 6th of 203: 245.6
• Cabo Verde — 7th of 203: 244.6

What this measures

Import volume indexes are derived from UNCTAD's volume index series and are the ratio of the import value indexes to the corresponding unit value indexes. Unit value indexes are based on data reported by countries that demonstrate consistency under UNCTAD quality controls, supplemented by UNCTAD's estimates using the previous year's trade values at the Standard International Trade Classification three-digit level as weights.

All 20 values

Import volume index (2015 = 100) in nearby economies

• Angola — 64.1 (2024)
• Benin — 151.2 (2024)
• Botswana — 81.8 (2024)
• Burkina Faso — 148.2 (2024)
• Burundi — 90.3 (2024)
• Cabo Verde — 244.6 (2024)
• Cameroon — 112.1 (2024)
• Central African Republic — 133.8 (2024)
• Chad — 47.6 (2024)
• Comoros — 122.9 (2024)
• Congo, Dem. Rep. — 263.4 (2024)

More trade data for Gambia, The

• Import value index (2015 = 100) — 358.5 (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 volume index (2015 = 100)?

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

How has it changed since 2005?

It is up 241.42% from 80.4 in 2005 (6.68% a year on average, compounded). The highest value was 274.5 in 2024 and the lowest 63.9 in 2010.

How does Gambia, The rank?

4th highest of 203 economies with data for 2024.

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

In 2024, Gambia, The's import volume index (2015 = 100) rose 18.2 on 2023 (from 256.3 to 274.5). Across the 18 yearly changes before that (2006 to 2023), the average change was +9.77 and a typical year strayed about 31.26 from that (the standard deviation). This year's change was 0.3 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.QTY.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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