Interest rate on bank deposits fell 29.4% to 4.83% in Gambia in 2021, according to the National Central Bank.
Historically, interest rate on bank deposits in Gambia reached an all time high of 22.0% in 2004 and an all time low of 4.83% in 2021.
Gambia has been ranked 26th within the group of 96 countries we follow in terms of interest rate on bank deposits, 16 places below the position seen 10 years ago.
| Interest Rate on Bank Deposits (Local Currency) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Algeria | % | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | ||||||||||||||||
| Burkina Faso | % | 7.00% | 6.93% | 5.58% | 5.39% | 5.31% | ||||||||||||||||
| Gambia | % | ... | ... | 15.8% | 9.00% | 8.11% | ||||||||||||||||
| Guinea | % | 3.91% | 3.84% | 3.82% | 3.11% | 3.29% | ||||||||||||||||
| Guinea Bissau | % | 7.00% | 6.93% | 6.49% | ... | ... | ... | ... | ||||||||||||||
| Mali | % | 7.00% | 6.93% | 6.49% | ... | ... | ... | ... | ||||||||||||||
| Mauritania | % | 4.66% | 5.33% | 5.67% | ... | ... | ... | ... | ||||||||||||||
| Morocco | % | 3.80% | 3.46% | 3.12% | 3.09% | 3.01% | ||||||||||||||||
| Niger | % | 7.00% | 6.93% | 6.49% | ... | ... | ... | ... | ||||||||||||||
| Senegal | % | 7.00% | 6.93% | 6.49% | ... | ... | ... | ... |
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