Nigeria—GDP Deflator (%)
Category: EconomySource: World Bank World Development IndicatorsGlobal Rank: #21 of 209
Latest Value
14.1%
2024
YoY Change
+30.2%
2023 → 2024
Global Rank
#21
of 209 countries
Maximum
55.4%
2019
Minimum
0.7%
2009
CAGR
-2.0%
25 years
Last
14.1%
Previous
10.8%
Highest
55.4%
Lowest
0.7%
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 14.1% | +30.2% |
| 2023 | 10.8% | +34.5% |
| 2022 | 8.0% | -36.3% |
| 2021 | 12.6% | +12.3% |
| 2020 | 11.3% | -79.7% |
| 2019 | 55.4% | +442.1% |
| 2018 | 10.2% | -8.0% |
| 2017 | 11.1% | +16.5% |
| 2016 | 9.5% | +233.3% |
| 2015 | 2.9% | -38.6% |
| 2014 | 4.7% | -6.1% |
| 2013 | 5.0% | -50.1% |
| 2012 | 9.9% | +1.7% |
| 2011 | 9.8% | -40.2% |
| 2010 | 16.3% | +2282.0% |
| 2009 | 0.7% | -91.3% |
| 2008 | 7.9% | +11.6% |
| 2007 | 7.1% | -70.2% |
| 2006 | 23.9% | +20.2% |
| 2005 | 19.9% | -11.2% |
| 2004 | 22.4% | +128.1% |
| 2003 | 9.8% | -53.6% |
| 2002 | 21.1% | +109.5% |
| 2001 | 10.1% | -55.6% |
| 2000 | 22.7% |
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 →