China: Inflation, GDP deflator (annual %)
In , China's Inflation, GDP deflator (annual %) was -0.71.
That's down 39.8% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . China ranks #185 globally out of 193 reporting countries. Within East Asia & Pacific, it ranks #28 of 30.
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
- 8.02
- Trough
- -0.71
- 1-year change
- -39.8%
- 5-year change
- -153.8%
- 10-year change
- -164.8%
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| -0.7072 | |
| -0.5057 | |
| 1.9343 | |
| 4.4739 | |
| 0.5300 | |
| 1.3155 | |
| 3.4679 | |
| 4.1460 | |
| 1.4774 | |
| 0.1373 |
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 China's Inflation, GDP deflator (annual %) in 2024?
- In 2024, China's Inflation, GDP deflator (annual %) was -0.71, according to World Bank Open Data.
- Is China's Inflation, GDP deflator (annual %) rising or falling?
- China's Inflation, GDP deflator (annual %) fell 39.8% from 2023 to 2024.
- How does China rank globally on Inflation, GDP deflator (annual %)?
- In 2024, China ranked #185 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does China's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so China is below the world average. Within East Asia & Pacific, it ranks #28 of 30.
- 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.