Slovak Republic: Inflation, GDP deflator (annual %)
In , Slovak Republic's Inflation, GDP deflator (annual %) was 3.39.
That's down 66.1% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Slovak Republic ranks #107 globally out of 193 reporting countries. Within Europe & Central Asia, it ranks #31 of 52.
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
- 10.02
- Trough
- -1.12
- 1-year change
- -66.1%
- 5-year change
- +41.3%
- +7.2% / yr
- 10-year change
- +2,659.3%
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 3.3937 | |
| 10.0246 | |
| 7.3339 | |
| 2.2441 | |
| 2.4078 | |
| 2.4012 | |
| 2.1086 | |
| 1.1819 | |
| -0.3909 | |
| -0.1857 |
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 Slovak Republic's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Slovak Republic's Inflation, GDP deflator (annual %) was 3.39, according to World Bank Open Data.
- Is Slovak Republic's Inflation, GDP deflator (annual %) rising or falling?
- Slovak Republic's Inflation, GDP deflator (annual %) fell 66.1% from 2023 to 2024.
- How does Slovak Republic rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Slovak Republic ranked #107 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Slovak Republic's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Slovak Republic is below the world average. Within Europe & Central Asia, it ranks #31 of 52.
- 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.