Venezuela, RB—GDP Deflator (%)
Category: EconomySource: World Bank World Development IndicatorsGlobal Rank: #7 of 209
Latest Value
54.7%
2024
YoY Change
-85.1%
2023 → 2024
Global Rank
#7
of 209 countries
Maximum
225690.1%
2018
Minimum
7.8%
2009
CAGR
+2.6%
25 years
Last
54.7%
Previous
367.9%
Highest
225690.1%
Lowest
7.8%
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 54.7% | -85.1% |
| 2023 | 367.9% | +74.3% |
| 2022 | 211.0% | -82.5% |
| 2021 | 1208.5% | -36.1% |
| 2020 | 1890.4% | -91.4% |
| 2019 | 21922.8% | -90.3% |
| 2018 | 225690.1% | +21399.5% |
| 2017 | 1049.7% | +241.4% |
| 2016 | 307.5% | +126.9% |
| 2015 | 135.5% | +29.5% |
| 2014 | 104.6% | +167.5% |
| 2013 | 39.1% | +87.2% |
| 2012 | 20.9% | -25.8% |
| 2011 | 28.1% | -38.7% |
| 2010 | 45.9% | +486.6% |
| 2009 | 7.8% | -74.0% |
| 2008 | 30.1% | +95.1% |
| 2007 | 15.4% | -13.7% |
| 2006 | 17.9% | -39.5% |
| 2005 | 29.6% | -12.8% |
| 2004 | 34.0% | -2.8% |
| 2003 | 34.9% | +5.8% |
| 2002 | 33.0% | +312.9% |
| 2001 | 8.0% | -72.8% |
| 2000 | 29.5% |
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 →