Kuwait: Inflation, GDP deflator (annual %)
In , Kuwait's Inflation, GDP deflator (annual %) was -0.73.
That's up 90.9% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Kuwait ranks #187 globally out of 193 reporting countries. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #18 of 19.
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
- 29.43
- Trough
- -25.96
- 1-year change
- +90.9%
- 5-year change
- -563.4%
- 10-year change
- +89.2%
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| -0.7327 | |
| -8.0654 | |
| 17.6335 | |
| 29.4279 | |
| -16.4588 | |
| -0.1104 | |
| 11.2992 | |
| 16.2309 | |
| -6.8378 | |
| -25.9583 |
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 Kuwait's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Kuwait's Inflation, GDP deflator (annual %) was -0.73, according to World Bank Open Data.
- Is Kuwait's Inflation, GDP deflator (annual %) rising or falling?
- Kuwait's Inflation, GDP deflator (annual %) rose 90.9% from 2023 to 2024.
- How does Kuwait rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Kuwait ranked #187 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Kuwait's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Kuwait is below the world average. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #18 of 19.
- 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.