Venezuela, RB: Inflation, GDP deflator (annual %)
In , Venezuela, RB's Inflation, GDP deflator (annual %) was 54.72.
That's down 85.1% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . Venezuela, RB ranks #5 globally out of 193 reporting countries. Within Latin America & Caribbean, it ranks #2 of 38.
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
- 225,690.06
- Trough
- 7.83
- 1-year change
- -85.1%
- 5-year change
- -99.8%
- -69.8% / yr
- 10-year change
- -47.7%
- -6.3% / yr
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 54.7196 | |
| 367.8892 | |
| 211.0182 | |
| 1,208.5471 | |
| 1,890.3943 | |
| 21,922.7615 | |
| 225,690.0599 | |
| 1,049.7473 | |
| 307.4780 | |
| 135.5315 |
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 Venezuela, RB's Inflation, GDP deflator (annual %) in 2024?
- In 2024, Venezuela, RB's Inflation, GDP deflator (annual %) was 54.72, according to World Bank Open Data.
- Is Venezuela, RB's Inflation, GDP deflator (annual %) rising or falling?
- Venezuela, RB's Inflation, GDP deflator (annual %) fell 85.1% from 2023 to 2024.
- How does Venezuela, RB rank globally on Inflation, GDP deflator (annual %)?
- In 2024, Venezuela, RB ranked #5 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does Venezuela, RB's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Venezuela, RB is above the world average. Within Latin America & Caribbean, it ranks #2 of 38.
- 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.