Iceland—GDP Deflator (%)
Category: EconomySource: World Bank World Development IndicatorsGlobal Rank: #63 of 209
Latest Value
6.0%
2024
YoY Change
+13.8%
2023 → 2024
Global Rank
#63
of 209 countries
Maximum
12.2%
2008
Minimum
0.5%
2003
CAGR
+1.7%
25 years
Last
6.0%
Previous
5.3%
Highest
12.2%
Lowest
0.5%
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 6.0% | +13.8% |
| 2023 | 5.3% | -40.1% |
| 2022 | 8.8% | +43.6% |
| 2021 | 6.1% | +41.6% |
| 2020 | 4.3% | -10.2% |
| 2019 | 4.8% | +55.8% |
| 2018 | 3.1% | +97.3% |
| 2017 | 1.6% | -41.7% |
| 2016 | 2.7% | -60.0% |
| 2015 | 6.8% | +60.3% |
| 2014 | 4.2% | +69.0% |
| 2013 | 2.5% | -28.9% |
| 2012 | 3.5% | +1.6% |
| 2011 | 3.5% | -47.3% |
| 2010 | 6.6% | -40.6% |
| 2009 | 11.0% | -9.5% |
| 2008 | 12.2% | +183.1% |
| 2007 | 4.3% | -50.4% |
| 2006 | 8.7% | +195.0% |
| 2005 | 2.9% | +10.5% |
| 2004 | 2.7% | +444.0% |
| 2003 | 0.5% | -91.7% |
| 2002 | 5.9% | -32.4% |
| 2001 | 8.7% | +118.5% |
| 2000 | 4.0% |
Top Countries — GDP Deflator (%)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Zimbabwe | 1097.2% | 2024 |
| 2 | Sudan | 243.9% | 2024 |
| 3 | Argentina | 207.6% | 2024 |
| 4 | Lebanon | 202.9% | 2023 |
| 5 | Syrian Arab Republic | 112.1% | 2022 |
| 6 | Turkiye | 59.3% | 2024 |
| 7 | Venezuela, RB | 54.7% | 2024 |
| 8 | Egypt, Arab Rep. | 33.7% | 2024 |
| 9 | Cuba | 32.2% | 2024 |
| 10 | Iran, Islamic Rep. | 28.4% | 2024 |
About This Indicator
Definition
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.
Methodology
Data compiled by Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB).
Source: World Bank - World Development IndicatorsView original source →