Bermuda: Inflation, GDP deflator (annual %)
In , Bermuda's Inflation, GDP deflator (annual %) was 1.56.
That's down 59.4% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Bermuda ranks #157 globally out of 193 reporting countries. Within North America, it ranks #3 of 3.
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
- 19.58
- Trough
- -1.15
- 1-year change
- -59.4%
- 5-year change
- -35.4%
- -8.4% / yr
- 10-year change
- -48.2%
- -6.4% / yr
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 1.5614 | |
| 3.8450 | |
| 1.4458 | |
| 1.1845 | |
| -0.4230 | |
| 2.4185 | |
| 1.6111 | |
| -0.0948 | |
| 4.3732 | |
| 2.9520 |
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 Bermuda's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Bermuda's Inflation, GDP deflator (annual %) was 1.56, according to World Bank Open Data.
- Is Bermuda's Inflation, GDP deflator (annual %) rising or falling?
- Bermuda's Inflation, GDP deflator (annual %) fell 59.4% from 2023 to 2024.
- How does Bermuda rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Bermuda ranked #157 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Bermuda's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Bermuda is below the world average. Within North America, it ranks #3 of 3.
- 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.