United Kingdom: Inflation, GDP deflator (annual %)
In , United Kingdom's Inflation, GDP deflator (annual %) was 3.62.
That's down 42.9% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . United Kingdom ranks #103 globally out of 193 reporting countries. Within Europe & Central Asia, it ranks #29 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
- 2016 · Brexit referendum
Highlights
- Peak
- 6.34
- Trough
- 0.67
- 1-year change
- -42.9%
- 5-year change
- +47.2%
- +8.0% / yr
- 10-year change
- +127.0%
- +8.5% / yr
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 3.6232 | |
| 6.3449 | |
| 5.6786 | |
| 0.7118 | |
| 4.8423 | |
| 2.4613 | |
| 1.9628 | |
| 1.5425 | |
| 1.7354 | |
| 0.6692 |
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 United Kingdom's Inflation, GDP deflator (annual %) in 2024?
- In 2024, United Kingdom's Inflation, GDP deflator (annual %) was 3.62, according to World Bank Open Data.
- Is United Kingdom's Inflation, GDP deflator (annual %) rising or falling?
- United Kingdom's Inflation, GDP deflator (annual %) fell 42.9% from 2023 to 2024.
- How does United Kingdom rank globally on Inflation, GDP deflator (annual %)?
- In 2024, United Kingdom ranked #103 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does United Kingdom's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so United Kingdom is below the world average. Within Europe & Central Asia, it ranks #29 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.