Singapore: Inflation, GDP deflator (annual %)
In , Singapore's Inflation, GDP deflator (annual %) was 3.24.
That's up 164.6% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Singapore ranks #113 globally out of 193 reporting countries. Within East Asia & Pacific, it ranks #13 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
- 14.92
- Trough
- -5.02
- 1-year change
- +164.6%
- 5-year change
- +863.0%
- 10-year change
- +1,313.0%
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 3.2419 | |
| -5.0186 | |
| 14.9214 | |
| 10.9293 | |
| -2.3929 | |
| -0.4249 | |
| 3.6073 | |
| 2.8633 | |
| 0.5220 | |
| 3.0720 |
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 Singapore's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Singapore's Inflation, GDP deflator (annual %) was 3.24, according to World Bank Open Data.
- Is Singapore's Inflation, GDP deflator (annual %) rising or falling?
- Singapore's Inflation, GDP deflator (annual %) rose 164.6% from 2023 to 2024.
- How does Singapore rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Singapore ranked #113 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Singapore's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Singapore is below the world average. Within East Asia & Pacific, it ranks #13 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.