Nicaragua: Inflation, GDP deflator (annual %)
In , Nicaragua's Inflation, GDP deflator (annual %) was 7.31.
That's down 32.2% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Nicaragua ranks #40 globally out of 193 reporting countries. Within Latin America & Caribbean, it ranks #7 of 38.
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
- 16.20
- Trough
- 2.66
- 1-year change
- -32.2%
- 5-year change
- +35.5%
- +6.3% / yr
- 10-year change
- -12.9%
- -1.4% / yr
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 7.3097 | |
| 10.7818 | |
| 8.3853 | |
| 3.5220 | |
| 6.2853 | |
| 5.3954 | |
| 2.6583 | |
| 4.1238 | |
| 4.5897 | |
| 7.5885 |
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 Nicaragua's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Nicaragua's Inflation, GDP deflator (annual %) was 7.31, according to World Bank Open Data.
- Is Nicaragua's Inflation, GDP deflator (annual %) rising or falling?
- Nicaragua's Inflation, GDP deflator (annual %) fell 32.2% from 2023 to 2024.
- How does Nicaragua rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Nicaragua ranked #40 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Nicaragua's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Nicaragua is below the world average. Within Latin America & Caribbean, it ranks #7 of 38.
- 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.