Myanmar: Inflation, GDP deflator (annual %)
In , Myanmar's Inflation, GDP deflator (annual %) was 12.04.
That's up 11.6% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Myanmar ranks #23 globally out of 193 reporting countries. Within East Asia & Pacific, it ranks #2 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
- 23.64
- Trough
- 3.13
- 1-year change
- +11.6%
- 5-year change
- +122.0%
- +17.3% / yr
- 10-year change
- +207.9%
- +11.9% / yr
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 12.0402 | |
| 10.7877 | |
| 6.1637 | |
| 19.5172 | |
| 5.3441 | |
| 5.4229 | |
| 5.3411 | |
| 5.8734 | |
| 3.6157 | |
| 4.1367 |
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 Myanmar's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Myanmar's Inflation, GDP deflator (annual %) was 12.04, according to World Bank Open Data.
- Is Myanmar's Inflation, GDP deflator (annual %) rising or falling?
- Myanmar's Inflation, GDP deflator (annual %) rose 11.6% from 2023 to 2024.
- How does Myanmar rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Myanmar ranked #23 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Myanmar's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Myanmar is below the world average. Within East Asia & Pacific, it ranks #2 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.