Azerbaijan: Inflation, GDP deflator (annual %)
In , Azerbaijan's Inflation, GDP deflator (annual %) was -1.41.
That's up 84.9% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Azerbaijan ranks #191 globally out of 193 reporting countries. Within Europe & Central Asia, it ranks #52 of 52.
Source: World Bank Open Data (NY.GDP.DEFL.KD.ZG) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 37.27
- Trough
- -18.90
- 1-year change
- +84.9%
- 5-year change
- -535.3%
- 10-year change
- -5.9%
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| -1.4082 | |
| -9.3226 | |
| 37.2707 | |
| 21.5888 | |
| -7.4936 | |
| -0.2217 | |
| 12.1844 | |
| 16.2262 | |
| 14.6283 | |
| -8.8096 |
About Inflation, GDP deflator (annual %)
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.
Indicator code: NY.GDP.DEFL.KD.ZG • Category: Economy
Frequently asked questions
- What was Azerbaijan's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Azerbaijan's Inflation, GDP deflator (annual %) was -1.41, according to World Bank Open Data.
- Is Azerbaijan's Inflation, GDP deflator (annual %) rising or falling?
- Azerbaijan's Inflation, GDP deflator (annual %) rose 84.9% from 2023 to 2024.
- How does Azerbaijan rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Azerbaijan ranked #191 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Azerbaijan's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Azerbaijan is below the world average. Within Europe & Central Asia, it ranks #52 of 52.
- What is Inflation, GDP deflator (annual %) and how is it measured?
- Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.
Source: World Bank Open Data (NY.GDP.DEFL.KD.ZG), CC BY 4.0.