Guinea-Bissau: Inflation, GDP deflator (annual %)
In , Guinea-Bissau's Inflation, GDP deflator (annual %) was 0.08.
That's down 98.5% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Guinea-Bissau ranks #176 globally out of 193 reporting countries. Within Sub-Saharan Africa, it ranks #44 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
- 14.52
- Trough
- -4.24
- 1-year change
- -98.5%
- 5-year change
- -97.4%
- -51.7% / yr
- 10-year change
- -94.2%
- -24.8% / yr
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 0.0751 | |
| 5.1364 | |
| 3.8810 | |
| 2.6308 | |
| 1.9868 | |
| 2.8618 | |
| -2.5316 | |
| 10.5283 | |
| 2.7177 | |
| 14.5197 |
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 Guinea-Bissau's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Guinea-Bissau's Inflation, GDP deflator (annual %) was 0.08, according to World Bank Open Data.
- Is Guinea-Bissau's Inflation, GDP deflator (annual %) rising or falling?
- Guinea-Bissau's Inflation, GDP deflator (annual %) fell 98.5% from 2023 to 2024.
- How does Guinea-Bissau rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Guinea-Bissau ranked #176 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Guinea-Bissau's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Guinea-Bissau is below the world average. Within Sub-Saharan Africa, it ranks #44 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.