Italy: Inflation, GDP deflator (annual %)
In , Italy's Inflation, GDP deflator (annual %) was 1.95.
That's down 68.5% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Italy ranks #147 globally out of 193 reporting countries. Within Europe & Central Asia, it ranks #45 of 52.
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
- 6.20
- Trough
- 0.60
- 1-year change
- -68.5%
- 5-year change
- +86.7%
- +13.3% / yr
- 10-year change
- +116.6%
- +8.0% / yr
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 1.9549 | |
| 6.1973 | |
| 3.4554 | |
| 1.2833 | |
| 1.5774 | |
| 1.0470 | |
| 1.0706 | |
| 0.7098 | |
| 1.2482 | |
| 0.7828 |
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 Italy's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Italy's Inflation, GDP deflator (annual %) was 1.95, according to World Bank Open Data.
- Is Italy's Inflation, GDP deflator (annual %) rising or falling?
- Italy's Inflation, GDP deflator (annual %) fell 68.5% from 2023 to 2024.
- How does Italy rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Italy ranked #147 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Italy's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Italy is below the world average. Within Europe & Central Asia, it ranks #45 of 52.
- 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.