Turkmenistan: Inflation, GDP deflator (annual %)
In , Turkmenistan's Inflation, GDP deflator (annual %) was 6.56.
That's up 299.7% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Turkmenistan ranks #48 globally out of 193 reporting countries. Within Europe & Central Asia, it ranks #12 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
- 59.74
- Trough
- -5.15
- 1-year change
- +299.7%
- 5-year change
- +49.6%
- +8.4% / yr
- 10-year change
- +880.1%
- +25.6% / yr
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 6.5586 | |
| -3.2837 | |
| 11.0419 | |
| 2.7718 | |
| -4.3497 | |
| 4.3828 | |
| 1.2109 | |
| -1.5424 | |
| -4.8656 | |
| -5.1533 |
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 Turkmenistan's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Turkmenistan's Inflation, GDP deflator (annual %) was 6.56, according to World Bank Open Data.
- Is Turkmenistan's Inflation, GDP deflator (annual %) rising or falling?
- Turkmenistan's Inflation, GDP deflator (annual %) rose 299.7% from 2023 to 2024.
- How does Turkmenistan rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Turkmenistan ranked #48 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Turkmenistan's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Turkmenistan is below the world average. Within Europe & Central Asia, it ranks #12 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.