Norway: Inflation, GDP deflator (annual %)
In , Norway's Inflation, GDP deflator (annual %) was -0.23.
That's up 97.9% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Norway ranks #180 globally out of 193 reporting countries. Within Europe & Central Asia, it ranks #51 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
- 28.42
- Trough
- -11.08
- 1-year change
- +97.9%
- 5-year change
- +58.2%
- 10-year change
- -188.8%
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| -0.2293 | |
| -11.0768 | |
| 28.4168 | |
| 20.2135 | |
| -2.5173 | |
| -0.5484 | |
| 6.7429 | |
| 4.0809 | |
| -1.5981 | |
| -2.8045 |
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 Norway's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Norway's Inflation, GDP deflator (annual %) was -0.23, according to World Bank Open Data.
- Is Norway's Inflation, GDP deflator (annual %) rising or falling?
- Norway's Inflation, GDP deflator (annual %) rose 97.9% from 2023 to 2024.
- How does Norway rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Norway ranked #180 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Norway's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Norway is below the world average. Within Europe & Central Asia, it ranks #51 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.