Cabo Verde: Inflation, GDP deflator (annual %)
In , Cabo Verde's Inflation, GDP deflator (annual %) was 1.59.
That's down 51.3% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Cabo Verde ranks #155 globally out of 193 reporting countries. Within Sub-Saharan Africa, it ranks #40 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
- 18.57
- Trough
- -1.79
- 1-year change
- -51.3%
- 5-year change
- +128.3%
- +17.9% / yr
- 10-year change
- +1,681.0%
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 1.5861 | |
| 3.2590 | |
| 6.3432 | |
| 1.3499 | |
| 0.3662 | |
| 0.6949 | |
| 1.7042 | |
| 1.2969 | |
| 1.6799 | |
| 1.6204 |
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 Cabo Verde's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Cabo Verde's Inflation, GDP deflator (annual %) was 1.59, according to World Bank Open Data.
- Is Cabo Verde's Inflation, GDP deflator (annual %) rising or falling?
- Cabo Verde's Inflation, GDP deflator (annual %) fell 51.3% from 2023 to 2024.
- How does Cabo Verde rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Cabo Verde ranked #155 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Cabo Verde's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Cabo Verde is below the world average. Within Sub-Saharan Africa, it ranks #40 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.