Guatemala: Inflation, GDP deflator (annual %)
In , Guatemala's Inflation, GDP deflator (annual %) was 3.66.
That's down 44.1% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Guatemala ranks #102 globally out of 193 reporting countries. Within Latin America & Caribbean, it ranks #22 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
- 9.41
- Trough
- 1.27
- 1-year change
- -44.1%
- 5-year change
- +2.6%
- +0.5% / yr
- 10-year change
- +27.9%
- +2.5% / yr
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 3.6587 | |
| 6.5400 | |
| 6.3721 | |
| 3.1306 | |
| 2.8723 | |
| 3.5658 | |
| 1.2716 | |
| 1.7479 | |
| 2.7072 | |
| 2.2316 |
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 Guatemala's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Guatemala's Inflation, GDP deflator (annual %) was 3.66, according to World Bank Open Data.
- Is Guatemala's Inflation, GDP deflator (annual %) rising or falling?
- Guatemala's Inflation, GDP deflator (annual %) fell 44.1% from 2023 to 2024.
- How does Guatemala rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Guatemala ranked #102 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Guatemala's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Guatemala is below the world average. Within Latin America & Caribbean, it ranks #22 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.