Annual Inflation Visualization (Gambia, The)

Source: World Bank (1967-2023)

11.52% Historical average
134.04% Maximum recorded
-8.69% Minimum recorded
57 Years of data

Historical Inflation Calculator for Gambia, The

Calculate how the value of money has changed between two specific years in Gambia, The.

Future Value Estimation

Estimate how the value of an amount of money will change in the future, given an average inflation rate.

Past Value Estimation

Estimate what the equivalent value of an amount of money would have been in the past, given an average inflation rate.

Historical inflation data for Gambia, The

Year Inflation (%) Change
2023 15.60% +6.78pp
2022 8.82% +1.43pp
2021 7.38% +5.19pp
2020 2.19% -4.06pp
2019 6.25% -0.70pp
2018 6.95% +3.03pp
2017 3.92% -3.90pp
2016 7.82% -1.90pp
2015 9.72% +4.51pp
2014 5.21% -0.72pp
2013 5.93% +2.09pp
2012 3.85% -0.73pp
2011 4.57% -1.07pp
2010 5.64% +1.13pp
2009 4.51% +2.04pp
2008 2.48% -1.94pp
2007 4.41% +3.11pp
2006 1.30% -2.81pp
2005 4.11% -90.08pp
2004 94.19% +81.30pp
2003 12.89% +2.50pp
2002 10.39% +8.59pp
2001 1.81% -0.41pp
2000 2.22% +4.65pp
1999 -2.44% -7.85pp
1998 5.41% +11.38pp
1997 -5.97% -14.34pp
1996 8.37% +4.41pp
1995 3.96% +0.19pp
1994 3.78% -1.36pp
1993 5.14% +3.19pp
1992 1.95% -132.09pp
1991 134.04% +122.07pp
1990 11.96% -1.77pp
1989 13.74% +4.03pp
1988 9.71% -8.79pp
1987 18.50% -22.02pp
1986 40.52% +1.10pp
1985 39.42% +30.42pp
1984 9.00% +6.32pp
1983 2.68% -11.80pp
1982 14.49% +12.92pp
1981 1.56% +1.74pp
1980 -0.18% -10.77pp
1979 10.60% +4.14pp
1978 6.46% -16.14pp
1977 22.60% +10.90pp
1976 11.69% -1.36pp
1975 13.05% -7.89pp
1974 20.94% +21.98pp
1973 -1.05% -4.20pp
1972 3.16% -2.01pp
1971 5.16% -3.91pp
1970 9.07% +1.94pp
1969 7.13% +15.81pp
1968 -8.69% -17.24pp
1967 8.55% -

About Gambia, The inflation

Gambia, The inflation measures the annual percentage change in the general level of consumer prices. This indicator is essential to understand how the purchasing power of money varies over time. Our Gambia, The inflation calculator allows you to visualize these changes and calculate monetary equivalences between different years.

What is inflation?

Inflation is the sustained and generalized increase in the price level of goods and services in an economy over a period of time. When inflation rises, each monetary unit buys fewer products. The inflation rate is generally measured by the Consumer Price Index (CPI), which reflects changes in the cost of a representative basket of goods and services.

How to use this inflation calculator?

Our Gambia, The inflation calculator offers three tools: 1) Historical calculator: enter a value and select two years to see how purchasing power has changed. 2) Future value: estimate what your money will be worth in the future with a projected inflation rate. 3) Past value: calculate the equivalent of a current amount in the past.

Data provided by the World Bank (World Bank Open Data). Data is updated annually.

Frequently Asked Questions

What is the current inflation in Gambia, The?
According to the latest available World Bank data, Gambia, The inflation in 2023 was 15.60%. This inflation rate represents the annual percentage change in the consumer price index (CPI).
How to calculate cumulative inflation in Gambia, The?
To calculate cumulative inflation in Gambia, The, use our historical calculator. Enter an initial value, select the start year and end year. The calculator will multiply the value by each year's inflation factors to give you the equivalent value and total cumulative inflation in percentage.
What was the highest inflation recorded in Gambia, The?
You can check Gambia, The's historical inflation in the chart and table on this page. The data shows the evolution of the annual inflation rate from 1967 to 2023, allowing you to identify periods of highest and lowest inflation.
How does inflation affect purchasing power?
Inflation reduces the purchasing power of money over time. For example, if inflation is 3% per year, what costs $100 today will cost $103 next year. Our inflation calculator helps you visualize exactly how much the real value of your money has changed in Gambia, The.
What is the historical average inflation in Gambia, The?
The historical average inflation in Gambia, The can be calculated with the data on this page. Check the statistics in the chart section where we show the historical average, as well as the maximum and minimum values recorded during the period 1967-2023.
What is the CPI and how does it relate to inflation?
The CPI (Consumer Price Index) is an indicator that measures the price variation of a basket of goods and services representative of household consumption. The inflation rate is calculated as the percentage change in the CPI between two periods. Our Gambia, The inflation data is based on the official CPI.