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Inflation Rate Trends and Forecast for Gambia from 1990 to 2029

Inflation Rate Trends and Forecast for Gambia from 1990 to 2029

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TGM StatBox. (2024). Inflation Rate Trends and Forecast for Gambia from 1990 to 2029. TGM StatBox.
Chart Details
Data Source: International Monetary Fund (IMF)
Timeframe: 1990-2029
Country: Gambia
Published date: 2024
Note: The Inflation rate (average consumer prices), as defined by the International Monetary Fund (IMF), measures the annual percentage change in the average level of prices of goods and services consumed by households.
Key Takeaways
Gambia's inflation trends have been volatile, with highs such as 17.0% in 2003 due to fiscal imbalances and external shocks. Inflation spiked again to 17.0% in 2023, reflecting global price pressures and local economic challenges.

Projections indicate a decline to 5.0% by 2027, signaling the impact of ongoing stabilization efforts. This trend highlights Gambia’s progress in addressing economic vulnerabilities through targeted fiscal reforms.

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