Trinidad and Tobago: Inflation, GDP deflator (annual %)
In , Trinidad and Tobago's Inflation, GDP deflator (annual %) was -0.13.
That's up 99.0% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Trinidad and Tobago ranks #179 globally out of 193 reporting countries. Within Latin America & Caribbean, it ranks #37 of 38.
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
- 23.79
- Trough
- -27.63
- 1-year change
- +99.0%
- 5-year change
- +94.8%
- 10-year change
- +87.1%
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| -0.1255 | |
| -12.9852 | |
| 15.9266 | |
| 16.9296 | |
| -2.5027 | |
| -2.3921 | |
| 1.0451 | |
| 7.7988 | |
| -0.4596 | |
| -9.0135 |
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 Trinidad and Tobago's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Trinidad and Tobago's Inflation, GDP deflator (annual %) was -0.13, according to World Bank Open Data.
- Is Trinidad and Tobago's Inflation, GDP deflator (annual %) rising or falling?
- Trinidad and Tobago's Inflation, GDP deflator (annual %) rose 99.0% from 2023 to 2024.
- How does Trinidad and Tobago rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Trinidad and Tobago ranked #179 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Trinidad and Tobago's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Trinidad and Tobago is below the world average. Within Latin America & Caribbean, it ranks #37 of 38.
- 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.