Gambia, The Real Effective Exchange Rate
Real effective exchange rate index PX.REX.REER
Gambia, The's real effective exchange rate was 103.72 in 2024, ranked 56th globally. This represents a 1.3% decrease from 2023. Data from BIS, covering 1980–2024.
Overview
Gambia, The's real effective exchange rate stood at 103.72 in 2024, a decline of +1.33 from 2023. Based on recent trends, this figure is projected to reach 108.20 by 2025. Gambia, The ranked 56th globally.
Gambia’s real effective exchange rate (REER) has fallen dramatically since the 1980 all‑time peak of 269.97, reaching its lowest point of 72.74 in 2015 before edging up to 103.72 in 2024, placing the country 56th globally. The 45‑year series shows a long‑term depreciation that reflects persistent current‑account deficits, limited export diversification and periodic external shocks, while the modest recent appreciation suggests a partial stabilization of external balances and modest improvements in fiscal discipline. Compared with peers of similar rank, Gambia’s 2024 REER is almost identical to Belgium’s 103.68 and slightly below Bosnia and Herzegovina’s 103.83, underscoring that its currency competitiveness now aligns with more diversified economies. Continued progress in export diversification, infrastructure investment and macro‑policy credibility could sustain the modest upward trend, whereas renewed external vulnerabilities or fiscal imbalances might reverse it.
Data & projection
| Year | Real Effective Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 113.12 | - | - |
| 2026* trend | 110.66 | - | - |
| 2025* trend | 108.20 | - | - |
| 2024 | 103.72 | −1.33 | #56 |
| 2023 | 105.05 | +2.07 | #65 |
| 2022 | 102.98 | +6.07 | #65 |
| 2021 | 96.90 | +1.41 | #41 |
| 2020 | 95.50 | +2.07 | #32 |
| 2019 | 93.43 | +4.55 | #27 |
| 2018 | 88.88 | −0.76 | #17 |
| 2017 | 89.64 | +1.50 | #15 |
| 2016 | 88.14 | +15.40 | #16 |
| 2015 | 72.74 | −0.86 | #5 |
| 2014 | 73.60 | −7.86 | #3 |
| 2013 | 81.46 | −7.53 | #3 |
| 2012 | 88.99 | −3.50 | #5 |
| 2011 | 92.48 | −7.52 | #3 |
| 2010 | 100.00 | −2.80 | #45 |
Detected Pattern
Analysis
Gambia, The matched the Orthodox Tightening Cycle pattern in 2023. Historically, 57% of countries showing this pattern (177 out of 311) saw real effective exchange rate improve within 24 months. View full analysis →
Frequently Asked Questions
Gambia, The's real effective exchange rate was 103.72 in 2024. Ranked 56th globally. This represents a 1.3% decrease from the previous year.
Gambia, The's real effective exchange rate peaked at 269.97 in 1980.
The lowest real effective exchange rate in Gambia, The was 72.74 in 2015.
Gambia, The ranks 56th globally in real effective exchange rate as of 2024.
The World Bank indicator code is PX.REX.REER. Data sourced from BIS.
Gambia, The's real effective exchange rate is projected to reach 108.20 by 2025 based on trend extrapolation.
The real effective exchange rate of Gambia, The in 2024 was 103.72. This ranks 56th in the world.
Cite this page
@misc{historysaid_gambia-the_reer,
title = {Gambia, The Real Effective Exchange Rate},
url = {https://historysaid.com/gambia-the/reer/},
publisher = {HistorySaid},
year = {2026}
}