North Macedonia: Inflation, GDP deflator (annual %)
In , North Macedonia's Inflation, GDP deflator (annual %) was 3.67.
That's down 53.4% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . North Macedonia ranks #101 globally out of 193 reporting countries. Within Europe & Central Asia, it ranks #28 of 52.
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
- 8.87
- Trough
- 0.30
- 1-year change
- -53.4%
- 5-year change
- +323.0%
- +33.4% / yr
- 10-year change
- +153.8%
- +9.8% / yr
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 3.6724 | |
| 7.8824 | |
| 8.8737 | |
| 4.2855 | |
| 1.3743 | |
| 0.8682 | |
| 3.9262 | |
| 2.8070 | |
| 3.4653 | |
| 2.0034 |
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 North Macedonia's Inflation, GDP deflator (annual %) in 2024?
- In 2024, North Macedonia's Inflation, GDP deflator (annual %) was 3.67, according to World Bank Open Data.
- Is North Macedonia's Inflation, GDP deflator (annual %) rising or falling?
- North Macedonia's Inflation, GDP deflator (annual %) fell 53.4% from 2023 to 2024.
- How does North Macedonia rank globally on Inflation, GDP deflator (annual %)?
- In 2024, North Macedonia ranked #101 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does North Macedonia's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so North Macedonia is below the world average. Within Europe & Central Asia, it ranks #28 of 52.
- 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.