Gambia, The — Inflation
Inflation, Consumer Prices (Annual %) for Gambia, The, 1962–2024.
Latest value · 2024
11.56%
Inflation, Consumer Prices (Annual %) · annual % · +546.7% since 1962
Inflation for Gambia, The was 11.56% in 2024, according to the latest World Bank data. The series covers 63 years, from 1962 to 2024. The highest recorded value was 56.56% in 1986. The lowest was -4.54% in 1964 (about -2.5× the low point). Across that span the compound annual growth rate works out to 3.06% per year.
Gambia, The ranks 19 of 187 economies on this measure (1 = highest), putting it in the top 10%. The median for Sub-Saharan Africa is 3.51%, so Gambia, The sits above it. It peaked in 1986 and has fallen 80% since. Over the last decade (2014–2024) the figure moved up 94%.
Key figures
Latest (2024)
11.56%
First (1962)
1.79%
Change
+546.7%
Highest
56.56%
in 1986
Lowest
-4.54%
in 1964
Average
8.26%
Annual growth (CAGR)
3.06%
Years of data
63
Recent years
| Year | annual % |
|---|---|
| 2024 | 11.56% |
| 2023 | 16.97% |
| 2022 | 11.51% |
| 2021 | 7.37% |
| 2020 | 5.93% |
| 2019 | 7.12% |
| 2018 | 6.52% |
| 2017 | 8.03% |
| 2016 | 7.23% |
| 2015 | 6.81% |
| 2014 | 5.95% |
| 2013 | 5.7% |
Reading this correctly. Annual percentage change in the cost to the average consumer of acquiring a basket of goods and services. A negative value means deflation. Figures are in annual %. Comparing this series with a different measure of the same concept (for example a nominal figure against a purchasing-power-parity figure) will give misleading results.
Related data
Source. World Bank Open Data, indicator
FP.CPI.TOTL.ZG — Inflation, Consumer Prices (Annual %). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.