Estonia: Inflation, GDP deflator (annual %)
In , Estonia's Inflation, GDP deflator (annual %) was 3.99.
That's down 53.8% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Estonia ranks #90 globally out of 193 reporting countries. Within Europe & Central Asia, it ranks #25 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
- 16.84
- Trough
- -0.39
- 1-year change
- -53.8%
- 5-year change
- +4.4%
- +0.9% / yr
- 10-year change
- +39.7%
- +3.4% / yr
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 3.9898 | |
| 8.6353 | |
| 16.8448 | |
| 4.2915 | |
| 0.7533 | |
| 3.8227 | |
| 4.8491 | |
| 3.7411 | |
| 2.4385 | |
| 1.3064 |
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 Estonia's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Estonia's Inflation, GDP deflator (annual %) was 3.99, according to World Bank Open Data.
- Is Estonia's Inflation, GDP deflator (annual %) rising or falling?
- Estonia's Inflation, GDP deflator (annual %) fell 53.8% from 2023 to 2024.
- How does Estonia rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Estonia ranked #90 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Estonia's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Estonia is below the world average. Within Europe & Central Asia, it ranks #25 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.