Gambia, The: Inflation, consumer prices (annual % growth)

Key figures

What the numbers say

In 2024, Gambia, The's inflation, consumer prices (annual % growth) fell 5.41 percentage points on 2023 (from 16.97% to 11.56%).

Across the 30 yearly changes before that (1994 to 2023), the average change was +0.35 percentage points and a typical year strayed about 3.61 percentage points from that (the standard deviation). This year's change was 1.6 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 38.24 percentage points in 1986 and the biggest yearly fall was 33.03 percentage points in 1987. 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 0.79 percentage points a year. A straight line explains 48% 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

See how every economy compares in the full ranking.

Closest to Gambia, The in the 2024 ranking

• South Sudan — 1st of 6: 91.44%
• United States — 3rd of 6: 2.95%
• Equatorial Guinea — 4th of 6: 2.92%
• Qatar — 5th of 6: 1.27%

What this measures

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.

Regional and income-group figures are computed by the World Bank as a median.

All 63 values

Inflation, consumer prices (annual % growth) in nearby economies

• Angola — 20.16% (2025)
• Benin — 1.1% (2025)
• Botswana — 2.66% (2025)
• Burkina Faso — -0.59% (2025)
• Burundi — 34.13% (2025)
• Cabo Verde — 2.34% (2025)
• Cameroon — 3.4% (2025)
• Central African Republic — 1% (2025)
• Chad — -3.91% (2025)
• Comoros — 3.25% (2025)

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)
• Consumer price index (2010 = 100) — 285.9 (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

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Questions people ask

What is Gambia, The's inflation, consumer prices (annual % growth)?

11.56% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1962?

It is up 9.77 percentage points from 1.79% in 1962. The highest value was 56.56% in 1986 and the lowest -4.54% in 1964.

Is the latest change in inflation, consumer prices (annual % growth) unusual for Gambia, The?

In 2024, Gambia, The's inflation, consumer prices (annual % growth) fell 5.41 percentage points on 2023 (from 16.97% to 11.56%). Across the 30 yearly changes before that (1994 to 2023), the average change was +0.35 percentage points and a typical year strayed about 3.61 percentage points from that (the standard deviation). This year's change was 1.6 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF).

Source

World Bank, World Development Indicators, indicator FP.CPI.TOTL.ZG, 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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