Guinea: Inflation, GDP deflator (annual %)
In , Guinea's Inflation, GDP deflator (annual %) was 6.81.
That's up 11.9% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Guinea ranks #44 globally out of 193 reporting countries. Within Sub-Saharan Africa, it ranks #17 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
- 37.58
- Trough
- 1.77
- 1-year change
- +11.9%
- 5-year change
- -27.5%
- -6.2% / yr
- 10-year change
- +160.5%
- +10.0% / yr
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 6.8145 | |
| 6.0925 | |
| 2.8056 | |
| 11.9863 | |
| 4.2500 | |
| 9.4029 | |
| 7.0591 | |
| 10.3565 | |
| 5.6690 | |
| 2.9723 |
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's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Guinea's Inflation, GDP deflator (annual %) was 6.81, according to World Bank Open Data.
- Is Guinea's Inflation, GDP deflator (annual %) rising or falling?
- Guinea's Inflation, GDP deflator (annual %) rose 11.9% from 2023 to 2024.
- How does Guinea rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Guinea ranked #44 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Guinea'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 is below the world average. Within Sub-Saharan Africa, it ranks #17 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.