Tonga: Inflation, GDP deflator (annual %)
In , Tonga's Inflation, GDP deflator (annual %) was 7.43.
That's down 19.3% from 2022, the highest value since .
The global average for this indicator in 2023 was 13.69 .
Source: World Bank Open Data (NY.GDP.DEFL.KD.ZG) • Data as of 2023
Trend (2005–2023)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 18.24
- Trough
- -2.29
- 1-year change
- -19.3%
- 5-year change
- +25.4%
- +4.6% / yr
- 10-year change
- +424.1%
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 7.4266 | |
| 9.1994 | |
| 2.0376 | |
| -0.0147 | |
| 6.4884 | |
| 5.9231 | |
| 5.5753 | |
| 2.9736 | |
| 5.2020 | |
| 0.0415 |
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 Tonga's Inflation, GDP deflator (annual %) in 2023?
- In 2023, Tonga's Inflation, GDP deflator (annual %) was 7.43, according to World Bank Open Data.
- Is Tonga's Inflation, GDP deflator (annual %) rising or falling?
- Tonga's Inflation, GDP deflator (annual %) fell 19.3% from 2022 to 2023.
- How does Tonga's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2023 was 13.69, so Tonga is below the world average.
- 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.