United States: Inflation, GDP deflator (annual %)
In , United States's Inflation, GDP deflator (annual %) was 2.48.
That's down 31.0% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . United States ranks #135 globally out of 193 reporting countries. Within North America, it ranks #2 of 3.
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
- 7.13
- Trough
- 0.62
- 1-year change
- -31.0%
- 5-year change
- +64.8%
- +10.5% / yr
- 10-year change
- +51.8%
- +4.3% / yr
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 2.4827 | |
| 3.5984 | |
| 7.1295 | |
| 4.3848 | |
| 0.6787 | |
| 1.5068 | |
| 2.3831 | |
| 1.6851 | |
| 0.8515 | |
| 0.7659 |
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 States's Inflation, GDP deflator (annual %) in 2024?
- In 2024, United States's Inflation, GDP deflator (annual %) was 2.48, according to World Bank Open Data.
- Is United States's Inflation, GDP deflator (annual %) rising or falling?
- United States's Inflation, GDP deflator (annual %) fell 31.0% from 2023 to 2024.
- How does United States rank globally on Inflation, GDP deflator (annual %)?
- In 2024, United States ranked #135 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does United States'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 States is below the world average. Within North America, it ranks #2 of 3.
- 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.