Korea, Rep.—GDP Deflator (%)
Category: EconomySource: World Bank World Development IndicatorsGlobal Rank: #101 of 209
Latest Value
4.1%
2024
YoY Change
+99.5%
2023 → 2024
Global Rank
#101
of 209 countries
Maximum
4.1%
2024
Minimum
-0.6%
2019
CAGR
+6.3%
25 years
Last
4.1%
Previous
2.0%
Highest
4.1%
Lowest
-0.6%
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 4.1% | +99.5% |
| 2023 | 2.0% | +12.8% |
| 2022 | 1.8% | -43.2% |
| 2021 | 3.2% | +100.4% |
| 2020 | 1.6% | +354.3% |
| 2019 | -0.6% | -210.2% |
| 2018 | 0.6% | -71.9% |
| 2017 | 2.0% | -2.1% |
| 2016 | 2.1% | -36.1% |
| 2015 | 3.2% | +207.1% |
| 2014 | 1.1% | -2.4% |
| 2013 | 1.1% | -16.6% |
| 2012 | 1.3% | +1.3% |
| 2011 | 1.3% | -53.1% |
| 2010 | 2.7% | -22.4% |
| 2009 | 3.5% | +19.1% |
| 2008 | 2.9% | +17.0% |
| 2007 | 2.5% | +1638.6% |
| 2006 | -0.2% | -114.3% |
| 2005 | 1.1% | -65.1% |
| 2004 | 3.3% | -8.5% |
| 2003 | 3.6% | +18.4% |
| 2002 | 3.0% | -15.0% |
| 2001 | 3.5% | +279.3% |
| 2000 | 0.9% |
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 →