Inflation rates by country and year

-4.5%10.7%26%41.3%56.6%
-4.5%10.7%26%41.3%56.6%
19621.8%
19936.5%
202411.6%
Source: World Bank

Data: World Bank, annual %. For information only — not financial advice.

Year2024Inflation Rate11.6%

Behind the curve

Turning points in Gambia, The

  1. 2008↑ Upward pressure

    The world food price crisis — Wikipedia (opens in a new tab)

    The Gambia imports much of its food and fuel, so the 2007–08 global price surge fed into domestic prices.

    Central Bank of The Gambia
  2. 2020↓ Downward pressure

    The pandemic recession — Wikipedia (opens in a new tab)

    The pandemic cut tourism and activity, easing inflation in 2020.

    Central Bank of The Gambia
  3. 2022↑ Upward pressure

    The post-pandemic inflation surge — Wikipedia (opens in a new tab)

    Higher global food and energy prices lifted Gambian inflation in 2022.

    Central Bank of The Gambia

These are selected historical influences, not a complete account of inflation. An upward-pressure event can coincide with a peak when its inflationary effect has already occurred or when other forces begin pushing inflation lower. The markers show the years in which events occurred, although their effects may extend into later years.

What is the inflation in Gambia, The?

The annual inflation rate in Gambia, The was 11.6% in 2024, the most recent year in the World Bank dataset. That means prices rose 11.6% on average compared with the year before. Use the chart above to explore Gambia, The's full inflation history from 1962 to 2024, and to compare it with any other country.

How inflation in Gambia, The has changed

Inflation in Gambia, The peaked at 56.6% in 1986 and reached its lowest point at -4.5% in 1964. Averaged across the 63 years of available data (1962–2024), the rate has been 8.3% per year.

Frequently asked questions about inflation in Gambia, The

What is the current inflation rate in Gambia, The?

The latest available annual figure is 11.6% in 2024, from the World Bank. Because the figures are reported annually, they may not reflect the most recent monthly reading published by Gambia, The's statistical office.

What was the highest inflation rate in Gambia, The?

The highest annual inflation rate on record is 56.6%, reached in 1986.

What was the lowest inflation rate in Gambia, The?

The lowest annual inflation rate on record is -4.5%, recorded in 1964.

Where does the inflation data for Gambia, The come from?

All figures come from the World Bank's World Development Indicators (indicator FP.CPI.TOTL.ZG), which report annual consumer price inflation for more than 200 countries and territories from 1960 onward.