Micronesia, Fed. Sts.: Inflation, GDP deflator (annual %)
In , Micronesia, Fed. Sts.'s Inflation, GDP deflator (annual %) was 6.02.
That's up 6.5% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Micronesia, Fed. Sts. ranks #55 globally out of 193 reporting countries. Within East Asia & Pacific, it ranks #9 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
- 9.40
- Trough
- -5.41
- 1-year change
- +6.5%
- 5-year change
- +275.5%
- 10-year change
- +97.9%
- +7.1% / yr
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 6.0232 | |
| 5.6547 | |
| 9.3983 | |
| 1.8572 | |
| -3.7443 | |
| -3.4314 | |
| 9.1922 | |
| 8.1093 | |
| 3.8010 | |
| -5.4100 |
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 Micronesia, Fed. Sts.'s Inflation, GDP deflator (annual %) in 2024?
- In 2024, Micronesia, Fed. Sts.'s Inflation, GDP deflator (annual %) was 6.02, according to World Bank Open Data.
- Is Micronesia, Fed. Sts.'s Inflation, GDP deflator (annual %) rising or falling?
- Micronesia, Fed. Sts.'s Inflation, GDP deflator (annual %) rose 6.5% from 2023 to 2024.
- How does Micronesia, Fed. Sts. rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Micronesia, Fed. Sts. ranked #55 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Micronesia, Fed. Sts.'s Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Micronesia, Fed. Sts. is below the world average. Within East Asia & Pacific, it ranks #9 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.