Denmark: Inflation, GDP deflator (annual %)
In , Denmark's Inflation, GDP deflator (annual %) was 1.46.
That's up 168.6% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Denmark ranks #158 globally out of 193 reporting countries. Within Europe & Central Asia, it ranks #47 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
- 10.40
- Trough
- -2.12
- 1-year change
- +168.6%
- 5-year change
- +53.1%
- +8.9% / yr
- 10-year change
- +42.9%
- +3.6% / yr
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 1.4555 | |
| -2.1225 | |
| 10.3984 | |
| 3.0444 | |
| 2.8269 | |
| 0.9509 | |
| 0.5930 | |
| 1.1006 | |
| 0.4265 | |
| 0.4091 |
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 Denmark's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Denmark's Inflation, GDP deflator (annual %) was 1.46, according to World Bank Open Data.
- Is Denmark's Inflation, GDP deflator (annual %) rising or falling?
- Denmark's Inflation, GDP deflator (annual %) rose 168.6% from 2023 to 2024.
- How does Denmark rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Denmark ranked #158 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Denmark's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Denmark is below the world average. Within Europe & Central Asia, it ranks #47 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.