Greenland: Inflation, GDP deflator (annual %)
In , Greenland's Inflation, GDP deflator (annual %) was 1.86.
That's down 66.8% from 2022, the highest value since .
The global average for this indicator in 2023 was 13.69 .
Source: World Bank Open Data (NY.GDP.DEFL.KD.ZG) • Data as of 2023
Trend (2005–2023)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 8.14
- Trough
- -3.23
- 1-year change
- -66.8%
- 5-year change
- +0.9%
- +0.2% / yr
- 10-year change
- +74.6%
- +5.7% / yr
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 1.8637 | |
| 5.6065 | |
| 0.7983 | |
| 0.8596 | |
| 0.7449 | |
| 1.8467 | |
| 3.2665 | |
| 3.5378 | |
| 8.1444 | |
| 0.9903 |
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 Greenland's Inflation, GDP deflator (annual %) in 2023?
- In 2023, Greenland's Inflation, GDP deflator (annual %) was 1.86, according to World Bank Open Data.
- Is Greenland's Inflation, GDP deflator (annual %) rising or falling?
- Greenland's Inflation, GDP deflator (annual %) fell 66.8% from 2022 to 2023.
- How does Greenland's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2023 was 13.69, so Greenland is below the world average.
- 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.