Grenada: Inflation, GDP deflator (annual %)
In , Grenada's Inflation, GDP deflator (annual %) was -1.26.
That's down 128.2% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Grenada ranks #189 globally out of 193 reporting countries. Within Latin America & Caribbean, it ranks #38 of 38.
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
- 7.85
- Trough
- -1.26
- 1-year change
- -128.2%
- 5-year change
- -137.8%
- 10-year change
- -262.2%
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| -1.2571 | |
| 4.4556 | |
| 1.6399 | |
| 2.7274 | |
| -0.3000 | |
| 3.3275 | |
| -0.7037 | |
| 1.5262 | |
| 2.6442 | |
| 2.7584 |
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 Grenada's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Grenada's Inflation, GDP deflator (annual %) was -1.26, according to World Bank Open Data.
- Is Grenada's Inflation, GDP deflator (annual %) rising or falling?
- Grenada's Inflation, GDP deflator (annual %) fell 128.2% from 2023 to 2024.
- How does Grenada rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Grenada ranked #189 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Grenada's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Grenada is below the world average. Within Latin America & Caribbean, it ranks #38 of 38.
- 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.