Papua New Guinea: Inflation, GDP deflator (annual %)
In , Papua New Guinea's Inflation, GDP deflator (annual %) was 6.70.
That's up 254.4% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Papua New Guinea ranks #45 globally out of 193 reporting countries. Within East Asia & Pacific, it ranks #7 of 30.
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
- 60.51
- Trough
- -4.88
- 1-year change
- +254.4%
- 5-year change
- +531.0%
- +44.5% / yr
- 10-year change
- +23.3%
- +2.1% / yr
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 6.7031 | |
| -4.3418 | |
| 15.0288 | |
| 11.5953 | |
| 1.6345 | |
| 1.0623 | |
| 9.7976 | |
| 7.6995 | |
| 2.5178 | |
| -1.2311 |
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 Papua New Guinea's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Papua New Guinea's Inflation, GDP deflator (annual %) was 6.70, according to World Bank Open Data.
- Is Papua New Guinea's Inflation, GDP deflator (annual %) rising or falling?
- Papua New Guinea's Inflation, GDP deflator (annual %) rose 254.4% from 2023 to 2024.
- How does Papua New Guinea rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Papua New Guinea ranked #45 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Papua New Guinea's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Papua New Guinea is below the world average. Within East Asia & Pacific, it ranks #7 of 30.
- 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.