West Bank and Gaza: Inflation, GDP deflator (annual %)
In , West Bank and Gaza's Inflation, GDP deflator (annual %) was 4.60.
That's up 289.4% from 2023, the highest value since .
The global average for this indicator in 2024 was 13.69 . West Bank and Gaza ranks #76 globally out of 193 reporting countries. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #7 of 19.
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
- 17.01
- Trough
- -3.71
- 1-year change
- +289.4%
- 5-year change
- +19.5%
- +3.6% / yr
- 10-year change
- +25.3%
- +2.3% / yr
Historical Data — Last 10 Years
| Year | Inflation, GDP deflator (annual %) |
|---|---|
| 4.6015 | |
| -2.4297 | |
| 1.6827 | |
| 8.9540 | |
| 2.2209 | |
| 3.8495 | |
| -0.3020 | |
| 3.2254 | |
| 1.2780 | |
| -3.7070 |
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 West Bank and Gaza's Inflation, GDP deflator (annual %) in 2024?
- In 2024, West Bank and Gaza's Inflation, GDP deflator (annual %) was 4.60, according to World Bank Open Data.
- Is West Bank and Gaza's Inflation, GDP deflator (annual %) rising or falling?
- West Bank and Gaza's Inflation, GDP deflator (annual %) rose 289.4% from 2023 to 2024.
- How does West Bank and Gaza rank globally on Inflation, GDP deflator (annual %)?
- In 2024, West Bank and Gaza ranked #76 out of 193 countries reporting Inflation, GDP deflator (annual %).
- How does West Bank and Gaza's Inflation, GDP deflator (annual %) compare to the world average?
- The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so West Bank and Gaza is below the world average. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #7 of 19.
- 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.