South Africa: Inflation, GDP deflator (annual %)
In , South Africa's Inflation, GDP deflator (annual %) was 3.92.
That's down 17.1% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . South Africa ranks #92 globally out of 193 reporting countries. Within Sub-Saharan Africa, it ranks #26 of 46.
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
- 8.66
- Trough
- 3.92
- 1-year change
- -17.1%
- 5-year change
- -15.1%
- -3.2% / yr
- 10-year change
- -27.0%
- -3.1% / yr
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 3.9169 | |
| 4.7223 | |
| 5.2410 | |
| 6.4084 | |
| 5.3914 | |
| 4.6135 | |
| 3.9933 | |
| 5.4733 | |
| 6.9522 | |
| 5.5455 |
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 South Africa's Inflation, GDP deflator (annual %) in 2024?
- In 2024, South Africa's Inflation, GDP deflator (annual %) was 3.92, according to World Bank Open Data.
- Is South Africa's Inflation, GDP deflator (annual %) rising or falling?
- South Africa's Inflation, GDP deflator (annual %) fell 17.1% from 2023 to 2024.
- How does South Africa rank globally on Inflation, GDP deflator (annual %)?
- In 2024, South Africa ranked #92 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does South Africa's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so South Africa is below the world average. Within Sub-Saharan Africa, it ranks #26 of 46.
- 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.