Turkiye: Inflation, GDP deflator (annual %)
In , Turkiye's Inflation, GDP deflator (annual %) was 59.28.
That's down 13.2% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Turkiye ranks #4 globally out of 193 reporting countries. Within Europe & Central Asia, it ranks #1 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
- 95.53
- Trough
- 5.58
- 1-year change
- -13.2%
- 5-year change
- +318.6%
- +33.2% / yr
- 10-year change
- +676.2%
- +22.7% / yr
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 59.2801 | |
| 68.2798 | |
| 95.5255 | |
| 29.3059 | |
| 14.7339 | |
| 14.1603 | |
| 16.7335 | |
| 11.1334 | |
| 8.1276 | |
| 7.8809 |
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 Turkiye's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Turkiye's Inflation, GDP deflator (annual %) was 59.28, according to World Bank Open Data.
- Is Turkiye's Inflation, GDP deflator (annual %) rising or falling?
- Turkiye's Inflation, GDP deflator (annual %) fell 13.2% from 2023 to 2024.
- How does Turkiye rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Turkiye ranked #4 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Turkiye's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Turkiye is above the world average. Within Europe & Central Asia, it ranks #1 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.