Marshall Islands: Inflation, GDP deflator (annual %)
In , Marshall Islands's Inflation, GDP deflator (annual %) was 7.30.
That's down 0.2% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Marshall Islands ranks #41 globally out of 193 reporting countries. Within East Asia & Pacific, it ranks #6 of 30.
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
- 7.49
- Trough
- -4.15
- 1-year change
- -0.2%
- 5-year change
- +275.8%
- 10-year change
- +590.2%
- +21.3% / yr
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 7.3043 | |
| 7.3218 | |
| -0.2667 | |
| 5.7583 | |
| 6.7823 | |
| -4.1543 | |
| -2.4070 | |
| 2.2584 | |
| 7.1694 | |
| -3.0645 |
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 Marshall Islands's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Marshall Islands's Inflation, GDP deflator (annual %) was 7.30, according to World Bank Open Data.
- Is Marshall Islands's Inflation, GDP deflator (annual %) rising or falling?
- Marshall Islands's Inflation, GDP deflator (annual %) fell 0.2% from 2023 to 2024.
- How does Marshall Islands rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Marshall Islands ranked #41 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Marshall Islands's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Marshall Islands is below the world average. Within East Asia & Pacific, it ranks #6 of 30.
- 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.