Nepal: Inflation, GDP deflator (annual %)
In , Nepal's Inflation, GDP deflator (annual %) was 2.61.
That's down 54.5% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Nepal ranks #131 globally out of 193 reporting countries. Within South Asia, it ranks #5 of 5.
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
- 26.40
- Trough
- 2.61
- 1-year change
- -54.5%
- 5-year change
- -44.3%
- -11.0% / yr
- 10-year change
- -67.5%
- -10.6% / yr
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 2.6130 | |
| 5.7490 | |
| 8.2412 | |
| 6.7627 | |
| 3.2174 | |
| 4.6912 | |
| 4.3559 | |
| 8.2614 | |
| 7.1503 | |
| 4.4090 |
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 Nepal's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Nepal's Inflation, GDP deflator (annual %) was 2.61, according to World Bank Open Data.
- Is Nepal's Inflation, GDP deflator (annual %) rising or falling?
- Nepal's Inflation, GDP deflator (annual %) fell 54.5% from 2023 to 2024.
- How does Nepal rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Nepal ranked #131 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Nepal's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Nepal is below the world average. Within South Asia, it ranks #5 of 5.
- 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.