Belgium: Inflation, GDP deflator (annual %)
In , Belgium's Inflation, GDP deflator (annual %) was 1.88.
That's down 65.9% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Belgium ranks #149 globally out of 193 reporting countries. Within Europe & Central Asia, it ranks #46 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
- 6.70
- Trough
- 0.78
- 1-year change
- -65.9%
- 5-year change
- +1.4%
- +0.3% / yr
- 10-year change
- +123.7%
- +8.4% / yr
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 1.8802 | |
| 5.5078 | |
| 6.6990 | |
| 2.6973 | |
| 1.5961 | |
| 1.8542 | |
| 1.7173 | |
| 1.9832 | |
| 1.8953 | |
| 1.1218 |
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 Belgium's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Belgium's Inflation, GDP deflator (annual %) was 1.88, according to World Bank Open Data.
- Is Belgium's Inflation, GDP deflator (annual %) rising or falling?
- Belgium's Inflation, GDP deflator (annual %) fell 65.9% from 2023 to 2024.
- How does Belgium rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Belgium ranked #149 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Belgium's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Belgium is below the world average. Within Europe & Central Asia, it ranks #46 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.