Tuvalu: Inflation, GDP deflator (annual %)
In , Tuvalu's Inflation, GDP deflator (annual %) was 6.00.
That's up 8.2% 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
- 8.16
- Trough
- -0.83
- 1-year change
- +8.2%
- 5-year change
- -17.7%
- -3.8% / yr
- 10-year change
- +584.5%
- +21.2% / yr
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 6.0041 | |
| 5.5476 | |
| 4.6848 | |
| 0.8908 | |
| 6.4387 | |
| 7.2956 | |
| 2.9700 | |
| 8.1633 | |
| 3.2032 | |
| 7.5000 |
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 Tuvalu's Inflation, GDP deflator (annual %) in 2023?
- In 2023, Tuvalu's Inflation, GDP deflator (annual %) was 6.00, according to World Bank Open Data.
- Is Tuvalu's Inflation, GDP deflator (annual %) rising or falling?
- Tuvalu's Inflation, GDP deflator (annual %) rose 8.2% from 2022 to 2023.
- How does Tuvalu's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2023 was 13.69, so Tuvalu 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.