Oman: Inflation, GDP deflator (annual %)
In , Oman's Inflation, GDP deflator (annual %) was -0.71.
That's up 84.8% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Oman ranks #186 globally out of 193 reporting countries. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #17 of 19.
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
- 32.65
- Trough
- -25.04
- 1-year change
- +84.8%
- 5-year change
- +73.2%
- 10-year change
- -140.6%
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| -0.7135 | |
| -4.6958 | |
| 16.4963 | |
| 12.1411 | |
| -10.7836 | |
| -2.6662 | |
| 11.7323 | |
| 7.2979 | |
| -9.1363 | |
| -19.1465 |
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 Oman's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Oman's Inflation, GDP deflator (annual %) was -0.71, according to World Bank Open Data.
- Is Oman's Inflation, GDP deflator (annual %) rising or falling?
- Oman's Inflation, GDP deflator (annual %) rose 84.8% from 2023 to 2024.
- How does Oman rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Oman ranked #186 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Oman's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Oman is below the world average. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #17 of 19.
- 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.