Malawi: Inflation, GDP deflator (annual %)
In , Malawi's Inflation, GDP deflator (annual %) was 24.69.
That's down 14.9% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Malawi ranks #11 globally out of 193 reporting countries. Within Sub-Saharan Africa, it ranks #5 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
- 29.03
- Trough
- 4.10
- 1-year change
- -14.9%
- 5-year change
- +219.5%
- +26.2% / yr
- 10-year change
- +17.8%
- +1.6% / yr
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 24.6932 | |
| 29.0333 | |
| 17.1668 | |
| 8.1530 | |
| 6.2183 | |
| 7.7286 | |
| 6.1523 | |
| 10.5769 | |
| 20.2927 | |
| 19.8147 |
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 Malawi's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Malawi's Inflation, GDP deflator (annual %) was 24.69, according to World Bank Open Data.
- Is Malawi's Inflation, GDP deflator (annual %) rising or falling?
- Malawi's Inflation, GDP deflator (annual %) fell 14.9% from 2023 to 2024.
- How does Malawi rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Malawi ranked #11 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Malawi's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Malawi is above the world average. Within Sub-Saharan Africa, it ranks #5 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.