Czechia: Inflation, GDP deflator (annual %)
In , Czechia's Inflation, GDP deflator (annual %) was 3.91.
That's down 54.6% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Czechia ranks #93 globally out of 193 reporting countries. Within Europe & Central Asia, it ranks #26 of 52.
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
- 8.67
- Trough
- -0.49
- 1-year change
- -54.6%
- 5-year change
- +1.7%
- +0.3% / yr
- 10-year change
- +44.3%
- +3.7% / yr
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 3.9067 | |
| 8.5979 | |
| 8.6711 | |
| 4.0344 | |
| 4.5162 | |
| 3.8413 | |
| 2.8134 | |
| 1.6836 | |
| 1.4912 | |
| 1.2345 |
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 Czechia's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Czechia's Inflation, GDP deflator (annual %) was 3.91, according to World Bank Open Data.
- Is Czechia's Inflation, GDP deflator (annual %) rising or falling?
- Czechia's Inflation, GDP deflator (annual %) fell 54.6% from 2023 to 2024.
- How does Czechia rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Czechia ranked #93 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Czechia's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Czechia is below the world average. Within Europe & Central Asia, it ranks #26 of 52.
- 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.