Benin: Inflation, GDP deflator (annual %)
In , Benin's Inflation, GDP deflator (annual %) was 1.57.
That's down 53.6% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Benin ranks #156 globally out of 193 reporting countries. Within Sub-Saharan Africa, it ranks #41 of 46.
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
- 7.70
- Trough
- -0.40
- 1-year change
- -53.6%
- 5-year change
- +495.2%
- 10-year change
- +734.0%
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 1.5711 | |
| 3.3856 | |
| 4.1390 | |
| 1.6187 | |
| 2.8780 | |
| -0.3976 | |
| 0.6704 | |
| -0.3679 | |
| 0.6836 | |
| 0.8515 |
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 Benin's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Benin's Inflation, GDP deflator (annual %) was 1.57, according to World Bank Open Data.
- Is Benin's Inflation, GDP deflator (annual %) rising or falling?
- Benin's Inflation, GDP deflator (annual %) fell 53.6% from 2023 to 2024.
- How does Benin rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Benin ranked #156 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Benin's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Benin is below the world average. Within Sub-Saharan Africa, it ranks #41 of 46.
- 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.