Solomon Islands: Inflation, GDP deflator (annual %)
In , Solomon Islands's Inflation, GDP deflator (annual %) was 3.07.
That's up 20.6% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Solomon Islands ranks #121 globally out of 193 reporting countries. Within East Asia & Pacific, it ranks #14 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
- 10.70
- Trough
- -1.87
- 1-year change
- +20.6%
- 5-year change
- +147.7%
- +19.9% / yr
- 10-year change
- -16.3%
- -1.8% / yr
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 3.0735 | |
| 2.5475 | |
| -1.8747 | |
| -0.5943 | |
| -1.3257 | |
| 1.2407 | |
| 7.8576 | |
| 2.5770 | |
| 0.3445 | |
| 3.3576 |
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 Solomon Islands's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Solomon Islands's Inflation, GDP deflator (annual %) was 3.07, according to World Bank Open Data.
- Is Solomon Islands's Inflation, GDP deflator (annual %) rising or falling?
- Solomon Islands's Inflation, GDP deflator (annual %) rose 20.6% from 2023 to 2024.
- How does Solomon Islands rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Solomon Islands ranked #121 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Solomon Islands's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Solomon Islands is below the world average. Within East Asia & Pacific, it ranks #14 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.