Paraguay: Inflation, GDP deflator (annual %)
In , Paraguay's Inflation, GDP deflator (annual %) was 2.59.
That's up 18.9% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Paraguay ranks #133 globally out of 193 reporting countries. Within Latin America & Caribbean, it ranks #26 of 38.
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
- 12.95
- Trough
- 1.60
- 1-year change
- +18.9%
- 5-year change
- -15.5%
- -3.3% / yr
- 10-year change
- -9.5%
- -1.0% / yr
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 2.5869 | |
| 2.1750 | |
| 8.0545 | |
| 8.4481 | |
| 2.2039 | |
| 3.0619 | |
| 1.9602 | |
| 2.1592 | |
| 4.1348 | |
| 1.6039 |
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 Paraguay's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Paraguay's Inflation, GDP deflator (annual %) was 2.59, according to World Bank Open Data.
- Is Paraguay's Inflation, GDP deflator (annual %) rising or falling?
- Paraguay's Inflation, GDP deflator (annual %) rose 18.9% from 2023 to 2024.
- How does Paraguay rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Paraguay ranked #133 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Paraguay's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Paraguay is below the world average. Within Latin America & Caribbean, it ranks #26 of 38.
- 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.