Ethiopia: Inflation, GDP deflator (annual %)
In , Ethiopia's Inflation, GDP deflator (annual %) was 25.54.
That's down 22.4% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Ethiopia ranks #9 globally out of 193 reporting countries. Within Sub-Saharan Africa, it ranks #3 of 46.
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
- 34.67
- Trough
- 1.44
- 1-year change
- -22.4%
- 5-year change
- +98.6%
- +14.7% / yr
- 10-year change
- +132.6%
- +8.8% / yr
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 25.5388 | |
| 32.9131 | |
| 34.6666 | |
| 21.7633 | |
| 18.2546 | |
| 12.8604 | |
| 12.3823 | |
| 6.6768 | |
| 10.3980 | |
| 10.8365 |
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 Ethiopia's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Ethiopia's Inflation, GDP deflator (annual %) was 25.54, according to World Bank Open Data.
- Is Ethiopia's Inflation, GDP deflator (annual %) rising or falling?
- Ethiopia's Inflation, GDP deflator (annual %) fell 22.4% from 2023 to 2024.
- How does Ethiopia rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Ethiopia ranked #9 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Ethiopia's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Ethiopia is above the world average. Within Sub-Saharan Africa, it ranks #3 of 46.
- 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.