Papua New Guinea—GDP Deflator (%)
Category: EconomySource: World Bank World Development IndicatorsGlobal Rank: #52 of 209
Latest Value
6.7%
2024
YoY Change
+254.4%
2023 → 2024
Global Rank
#52
of 209 countries
Maximum
60.5%
2006
Minimum
-4.9%
2009
CAGR
-2.8%
25 years
Last
6.7%
Previous
-4.3%
Highest
60.5%
Lowest
-4.9%
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 6.7% | +254.4% |
| 2023 | -4.3% | -128.9% |
| 2022 | 15.0% | +29.6% |
| 2021 | 11.6% | +609.4% |
| 2020 | 1.6% | +53.9% |
| 2019 | 1.1% | -89.2% |
| 2018 | 9.8% | +27.2% |
| 2017 | 7.7% | +205.8% |
| 2016 | 2.5% | +304.5% |
| 2015 | -1.2% | -122.6% |
| 2014 | 5.4% | +51.6% |
| 2013 | 3.6% | +724.1% |
| 2012 | -0.6% | -106.5% |
| 2011 | 8.8% | -10.9% |
| 2010 | 9.9% | +303.2% |
| 2009 | -4.9% | -141.8% |
| 2008 | 11.7% | +317.3% |
| 2007 | 2.8% | -95.4% |
| 2006 | 60.5% | +396.7% |
| 2005 | 12.2% | +711.5% |
| 2004 | -2.0% | -136.0% |
| 2003 | 5.5% | -54.9% |
| 2002 | 12.3% | +77.8% |
| 2001 | 6.9% | -47.2% |
| 2000 | 13.1% |
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 →