Cayman Islands: Inflation, GDP deflator (annual %)
In , Cayman Islands's Inflation, GDP deflator (annual %) was 2.75.
That's down 29.3% from 2022, the highest value since .
The global average for this indicator in 2023 was 13.69 .
Source: World Bank Open Data (NY.GDP.DEFL.KD.ZG) • Data as of 2023
Trend (2007–2023)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 3.89
- Trough
- -0.46
- 1-year change
- -29.3%
- 5-year change
- +3.2%
- +0.6% / yr
- 10-year change
- +99.5%
- +7.1% / yr
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 2.7493 | |
| 3.8886 | |
| 2.1932 | |
| 0.1394 | |
| 3.3963 | |
| 2.6628 | |
| 1.9868 | |
| 1.0001 | |
| 0.3419 | |
| 0.8867 |
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 Cayman Islands's Inflation, GDP deflator (annual %) in 2023?
- In 2023, Cayman Islands's Inflation, GDP deflator (annual %) was 2.75, according to World Bank Open Data.
- Is Cayman Islands's Inflation, GDP deflator (annual %) rising or falling?
- Cayman Islands's Inflation, GDP deflator (annual %) fell 29.3% from 2022 to 2023.
- How does Cayman Islands's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2023 was 13.69, so Cayman Islands is below the world average.
- 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.