Gambia: Monetary freedom index (0-100): For that indicator, The Heritage Foundation provides data for the Gambia from 1997 to 2017. The average value for the Gambia during that period was 71.7 points with a minumum of 63.8 points in 2017 and a maximum of 81.9 points in 2002. See the global rankings for that indicator or use the country comparator to compare trends over time.
The Monetary Freedom index for the Gambia from The Heritage Foundation reflects the stability of prices in the Gambia and the use of price controls by the government. Price stability with minimal price controls is the ideal state for the free market.
Definition: The score for the Monetary freedom index is based on two factors: the weighted average inflation rate for the most recent three years and price controls. Higher index values denote price stability without microeconomic intervention.