Gambia, The — Inflation
Inflation, Consumer Prices (Annual %) for Gambia, The, 1962–2024.
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%. Within Sub-Saharan Africa it ranks 11 of 46 economies; Sao Tome and Principe (11.05%) is just below it. Its sharpest one-year move was up 489% in 1967. That is 34% above this series' own ten-year average.
Data highlights
From its 1962 level: doubled by 1963; grown tenfold by 1975. Doubling roughly every 23 years at that pace.
World ranking. Climbed: 39th of 67 in 1962 → 90th of 92 in 1970 → 93rd of 106 in 1980 → 47th of 131 in 1990 → 138th of 163 in 2000 → 60th of 186 in 2010 → 29th of 178 in 2020 → 20th of 175 in 2024.
Key figures
Full history — 1962 to 2024
| Year | annual % | Change |
|---|---|---|
| 2024 | 11.56% | -5.4 pp |
| 2023 | 16.97% | +5.5 pp |
| 2022 | 11.51% | +4.1 pp |
| 2021 | 7.37% | +1.4 pp |
| 2020 | 5.93% | -1.2 pp |
| 2019 | 7.12% | +0.6 pp |
| 2018 | 6.52% | -1.5 pp |
| 2017 | 8.03% | +0.8 pp |
| 2016 | 7.23% | +0.4 pp |
| 2015 | 6.81% | +0.9 pp |
| 2014 | 5.95% | +0.2 pp |
| 2013 | 5.7% | +1.4 pp |
| 2012 | 4.25% | -0.5 pp |
| 2011 | 4.8% | -0.3 pp |
| 2010 | 5.05% | +0.5 pp |
| 2009 | 4.56% | +0.1 pp |
| 2008 | 4.44% | -0.9 pp |
| 2007 | 5.37% | +3.3 pp |
| 2006 | 2.06% | -2.8 pp |
| 2005 | 4.84% | -9.4 pp |
| 2004 | 14.21% | -2.8 pp |
| 2003 | 17.03% | +8.4 pp |
| 2002 | 8.61% | +4.1 pp |
| 2001 | 4.49% | +3.6 pp |
| 2000 | 0.84% | -3.0 pp |
| 1999 | 3.81% | +2.7 pp |
| 1998 | 1.11% | -1.7 pp |
| 1997 | 2.78% | +1.7 pp |
| 1996 | 1.1% | -5.9 pp |
| 1995 | 6.98% | +5.3 pp |
| 1994 | 1.71% | -4.8 pp |
| 1993 | 6.46% | -3.0 pp |
| 1992 | 9.49% | +0.8 pp |
| 1991 | 8.64% | -3.5 pp |
| 1990 | 12.17% | +3.9 pp |
| 1989 | 8.28% | -3.4 pp |
| 1988 | 11.69% | -11.8 pp |
| 1987 | 23.53% | -33.0 pp |
| 1986 | 56.56% | +38.2 pp |
| 1985 | 18.32% | -3.8 pp |
| 1984 | 22.1% | +11.5 pp |
| 1983 | 10.64% | -0.2 pp |
| 1982 | 10.86% | +4.9 pp |
| 1981 | 5.94% | -0.9 pp |
| 1980 | 6.82% | +0.7 pp |
| 1979 | 6.13% | -2.7 pp |
| 1978 | 8.86% | -3.5 pp |
| 1977 | 12.39% | -4.6 pp |
| 1976 | 17.03% | -8.9 pp |
| 1975 | 25.92% | +16.7 pp |
| 1974 | 9.24% | +2.3 pp |
| 1973 | 6.92% | -1.8 pp |
| 1972 | 8.7% | +5.6 pp |
| 1971 | 3.06% | +5.0 pp |
| 1970 | -1.99% | -7.0 pp |
| 1969 | 5.01% | +0.8 pp |
| 1968 | 4.18% | +2.8 pp |
| 1967 | 1.41% | +1.2 pp |
| 1966 | 0.24% | -1.0 pp |
| 1965 | 1.22% | +5.8 pp |
| 1964 | -4.54% | -9.2 pp |
| 1963 | 4.62% | +2.8 pp |
| 1962 | 1.79% | — |
Frequently asked questions
What was Gambia, The’s Inflation in 1963?
4.62% (1963). The full year-by-year table above lists every published year, most recent first.
Are changes in this series measured in percentage points?
Yes. The series is a share expressed in annual %, so year-over-year movements in the Change column are percentage points (pp), not percent.
Is Gambia, The’s Inflation growing or shrinking?
Between 1962 and 2024 the series was growing overall: +546.7% in total — about 3.1% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator FP.CPI.TOTL.ZG. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2024: 11.56%; 2023: 16.97%; 2022: 11.51%; 2021: 7.37%; 2020: 5.93%. Earlier years are in the full-history table below.
Related data
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.