Cuba: Inflation, GDP deflator (annual %)
In , Cuba's Inflation, GDP deflator (annual %) was 32.22.
That's down 4.0% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Cuba ranks #7 globally out of 193 reporting countries. Within Latin America & Caribbean, it ranks #3 of 38.
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
- 401.59
- Trough
- -0.34
- 1-year change
- -4.0%
- 5-year change
- +808.9%
- +55.5% / yr
- 10-year change
- +830.3%
- +25.0% / yr
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 32.2189 | |
| 33.5552 | |
| 14.0927 | |
| 401.5864 | |
| 16.5566 | |
| 3.5447 | |
| 1.0323 | |
| 4.1136 | |
| 4.3283 | |
| 3.4390 |
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 Cuba's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Cuba's Inflation, GDP deflator (annual %) was 32.22, according to World Bank Open Data.
- Is Cuba's Inflation, GDP deflator (annual %) rising or falling?
- Cuba's Inflation, GDP deflator (annual %) fell 4.0% from 2023 to 2024.
- How does Cuba rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Cuba ranked #7 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Cuba's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Cuba is above the world average. Within Latin America & Caribbean, it ranks #3 of 38.
- 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.