Palau: Inflation, GDP deflator (annual %)
In , Palau's Inflation, GDP deflator (annual %) was 11.04.
That's up 188.5% from 2022, the highest value since .
The global average for this indicator in 2023 was 13.69 .
Source: World Bank Open Data (NY.GDP.DEFL.KD.ZG) • Data as of 2023
Trend (2005–2023)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 11.57
- Trough
- -1.71
- 1-year change
- +188.5%
- 5-year change
- +6,268.0%
- 10-year change
- +65.7%
- +5.2% / yr
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 11.0352 | |
| 3.8255 | |
| 1.9186 | |
| -0.3693 | |
| -1.7126 | |
| -0.1789 | |
| -1.3352 | |
| 4.9372 | |
| 8.3064 | |
| 4.1996 |
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 Palau's Inflation, GDP deflator (annual %) in 2023?
- In 2023, Palau's Inflation, GDP deflator (annual %) was 11.04, according to World Bank Open Data.
- Is Palau's Inflation, GDP deflator (annual %) rising or falling?
- Palau's Inflation, GDP deflator (annual %) rose 188.5% from 2022 to 2023.
- How does Palau's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2023 was 13.69, so Palau is below the world average.
- 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.