Libya: Inflation, GDP deflator (annual %)
In , Libya's Inflation, GDP deflator (annual %) was 8.51.
That's up 211.6% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Libya ranks #33 globally out of 193 reporting countries. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #4 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
- 2010 · Arab Spring begins
Highlights
- Peak
- 90.46
- Trough
- -24.85
- 1-year change
- +211.6%
- 5-year change
- +103.8%
- +15.3% / yr
- 10-year change
- +945.4%
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 8.5094 | |
| -7.6220 | |
| 42.7721 | |
| 90.4557 | |
| -4.7541 | |
| 4.1757 | |
| 3.5976 | |
| 1.8067 | |
| 4.6923 | |
| -7.0407 |
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 Libya's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Libya's Inflation, GDP deflator (annual %) was 8.51, according to World Bank Open Data.
- Is Libya's Inflation, GDP deflator (annual %) rising or falling?
- Libya's Inflation, GDP deflator (annual %) rose 211.6% from 2023 to 2024.
- How does Libya rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Libya ranked #33 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Libya's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Libya is below the world average. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #4 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.