Barbados: Inflation, GDP deflator (annual %)
In , Barbados's Inflation, GDP deflator (annual %) was 1.29.
That's down 33.6% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Barbados ranks #163 globally out of 193 reporting countries. Within Latin America & Caribbean, it ranks #31 of 38.
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
- 29.88
- Trough
- -1.88
- 1-year change
- -33.6%
- 5-year change
- -46.9%
- -11.9% / yr
- 10-year change
- +182.5%
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 1.2901 | |
| 1.9434 | |
| -1.2507 | |
| 10.1028 | |
| 2.4699 | |
| 2.4309 | |
| 6.9746 | |
| -0.5538 | |
| -1.8816 | |
| 2.5804 |
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 Barbados's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Barbados's Inflation, GDP deflator (annual %) was 1.29, according to World Bank Open Data.
- Is Barbados's Inflation, GDP deflator (annual %) rising or falling?
- Barbados's Inflation, GDP deflator (annual %) fell 33.6% from 2023 to 2024.
- How does Barbados rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Barbados ranked #163 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Barbados's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Barbados is below the world average. Within Latin America & Caribbean, it ranks #31 of 38.
- 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.