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Prices & public finance · Sub-Saharan Africa · Low income
The Gambia: prices, money and public finance
Inflation is 11.6% (2024), 19th of 180 in the world and 11th of 44 in Sub-Saharan Africa. GDP deflator is 7.9% (2025), 33rd of 209 in the world and 13th of 46 in Sub-Saharan Africa. Lending rate is 22.0% (2025), 10th of 136 in the world and 5th of 36 in Sub-Saharan Africa.
Inflation
The GambiaSub-Saharan AfricaLow incomeWorld
GDP deflator
The GambiaSub-Saharan AfricaLow incomeWorld
10 indicators
Prices & public finance: The Gambia in detail
Latest reported value, world rank and rank within Sub-Saharan Africa; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| InflationInflation, consumer prices, annual % | 11.6%2024 | 19/180 | 11/44 | 0.8% | 5.0% | 5.9% | +5.6 ppsince 2014 | 3.4% | 4.4% | 3.0% | |
| GDP deflatorInflation, GDP deflator, annual % | 7.9%2025 | 33/209 | 13/46 | 2.2% | 5.6% | 2.2% | −1.8 ppsince 2015 | 4.1% | 6.3% | 3.3% | |
| Lending rateLending interest rate, % | 22.0%2025 | 10/136 | 5/36 | 24.0% | 27.0% | 28.0% | −6.5 ppsince 2014 | — | — | — | |
| Real interest rateReal interest rate, % | 13.1%2025 | 14/136 | 7/36 | 21.3% | 20.2% | 25.3% | −9.1 ppsince 2014 | — | — | — | |
| Exchange rateOfficial exchange rate, local currency per US$ | 71.292025 | 74/210 | 32/47 | 12.79 | 28.01 | 51.50 | +68%since 2015 | — | — | — | |
| External debtExternal debt stocks, % of GNI | 66.4%2024 | 32/119 | 10/43 | 65.1% | 35.9% | 54.0% | +19.8 ppsince 2014 | — | 42.2% | — | |
| Private creditDomestic credit to private sector, % of GDP | 9.4%2024 | 155/169 | 31/42 | 6.7% | 9.5% | 8.2% | +0.6 ppsince 2014 | 31.7% | 12.6% | 140.3% | |
| Broad moneyBroad money, % of GDP | 46.9%2024 | 94/146 | 8/42 | 19.8% | 30.2% | 52.9% | +8.9 ppsince 2014 | 42.6% | 22.6% | 135.7% | |
| Reserves, months of importsTotal reserves in months of imports | 4.82024 | 73/165 | 11/32 | · | 7.1 | 6.4 | +20%since 2014 | 6.1 | 3.3 | 8.6 | |
| Military spendingMilitary expenditure, % of GDP | 0.57%2025 | 139/156 | 40/45 | 0.32% | 0.48%2009 | 0.82% | −0.4 ppsince 2015 | 1.13% | 1.57% | 2.48% |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
Better than ten years ago
- Reserves, months of imports+20%4.8 in 2024
Worse than ten years ago
- Inflation+5.6 pp11.6% in 2024
- External debt+19.8 pp66.4% in 2024
Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).
neighbours
The Gambia and its neighbours
Countries sharing a land border with The Gambia. Latest values since 2005; the highest in each row is marked.
| Indicator | The Gambia | Senegal |
|---|---|---|
| Inflation | 11.6%2024 | 1.5%2025 |
| GDP deflator | 7.9%2025 | 3.5%2025 |
| Lending rate | 22.0%2025 | 5.3%2016 |
| Real interest rate | 13.1%2025 | 4.3%2016 |
| Exchange rate | 71.292025 | 581.932025 |
| External debt | 66.4%2024 | 150.7%2024 |
| Private credit | 9.4%2024 | 30.9%2025 |
| Broad money | 46.9%2024 | 53.7%2025 |
| Reserves, months of imports | 4.82024 | — |