Saudi Arabia: Inflation, GDP deflator (annual %)
In , Saudi Arabia's Inflation, GDP deflator (annual %) was -0.25.
That's up 88.5% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Saudi Arabia ranks #181 globally out of 193 reporting countries. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #14 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
- 20.13
- Trough
- -16.56
- 1-year change
- +88.5%
- 5-year change
- +81.7%
- 10-year change
- +85.3%
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| -0.2501 | |
| -2.1844 | |
| 12.5832 | |
| 20.1270 | |
| -10.1885 | |
| -1.3667 | |
| 15.8626 | |
| 6.2858 | |
| -2.2618 | |
| -15.8269 |
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 Saudi Arabia's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Saudi Arabia's Inflation, GDP deflator (annual %) was -0.25, according to World Bank Open Data.
- Is Saudi Arabia's Inflation, GDP deflator (annual %) rising or falling?
- Saudi Arabia's Inflation, GDP deflator (annual %) rose 88.5% from 2023 to 2024.
- How does Saudi Arabia rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Saudi Arabia ranked #181 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Saudi Arabia's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Saudi Arabia is below the world average. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #14 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.