Australia—GDP Deflator (%)
Australia's gdp deflator (%) was 2.6% in 2024, ranking #147 out of 209 countries. This represents a -59.9% change from 2023. Over the past 25 years, the highest recorded value was 7.2% (2022) and the lowest was -0.7% (2016). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 2.6% | -59.9% |
| 2023 | 6.5% | -10.3% |
| 2022 | 7.2% | +135.2% |
| 2021 | 3.1% | +64.0% |
| 2020 | 1.9% | -46.3% |
| 2019 | 3.5% | +88.3% |
| 2018 | 1.8% | -49.4% |
| 2017 | 3.6% | +641.5% |
| 2016 | -0.7% | -7.3% |
| 2015 | -0.6% | -144.3% |
| 2014 | 1.4% | +1179.5% |
| 2013 | -0.1% | -107.3% |
| 2012 | 1.8% | -71.0% |
| 2011 | 6.2% | +432.0% |
| 2010 | 1.2% | -76.7% |
| 2009 | 5.0% | +9.3% |
| 2008 | 4.6% | -8.4% |
| 2007 | 5.0% | -2.5% |
| 2006 | 5.1% | +33.6% |
| 2005 | 3.8% | +18.4% |
| 2004 | 3.2% | +8.1% |
| 2003 | 3.0% | +5.2% |
| 2002 | 2.8% | -38.8% |
| 2001 | 4.6% | +81.7% |
| 2000 | 2.6% |
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).