Is Channel Islands's Inflation, GDP deflator (annual %) rising or falling?

Channel Islands's Inflation, GDP deflator (annual %) fell 21.8% from 2022 to 2023.

How does Channel 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 Channel Islands is below the world average.

Channel Islands: Inflation, GDP deflator (annual %)

Name: Channel Islands: Inflation, GDP deflator (annual %)
Creator: World Bank
License: https://datacatalog.worldbank.org/public-licenses#cc-by

In 2023, Channel Islands's Inflation, GDP deflator (annual %) was 5.75.

That's down 21.8% from 2022, the highest value since 2022.

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 (2010–2023)

2020 · COVID-19 pandemic
2014 · Oil price collapse
2022 · Russia–Ukraine war begins

Highlights

Peak: 7.36; 2022
Trough: 0.22; 2021
1-year change: -21.8%
5-year change: +33.5%; +5.9% / yr
10-year change: +182.2%; +10.9% / yr

Historical Data — Last 10 Years

Year	Inflation, GDP deflator (annual %)
2023	5.7526
2022	7.3583
2021	0.2168
2020	2.8334
2019	2.9548
2018	4.3093
2017	3.0623
2016	1.3965
2015	3.0342
2014	1.7788

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 Channel Islands's Inflation, GDP deflator (annual %) in 2023?: In 2023, Channel Islands's Inflation, GDP deflator (annual %) was 5.75, according to World Bank Open Data.
Is Channel Islands's Inflation, GDP deflator (annual %) rising or falling?: Channel Islands's Inflation, GDP deflator (annual %) fell 21.8% from 2022 to 2023.
How does Channel 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 Channel 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.

Download this data: CSV JSON

Source: World Bank Open Data (NY.GDP.DEFL.KD.ZG), CC BY 4.0.