Georgia—GDP Deflator (%)
Georgia's gdp deflator (%) was 4.9% in 2024, ranking #82 out of 209 countries. This represents a +64.8% change from 2023. Over the past 25 years, the highest recorded value was 15.9% (2010) and the lowest was -2.1% (2009). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 4.9% | +64.8% |
| 2023 | 2.9% | -63.8% |
| 2022 | 8.1% | -20.5% |
| 2021 | 10.2% | +49.4% |
| 2020 | 6.8% | +71.4% |
| 2019 | 4.0% | +14.7% |
| 2018 | 3.5% | -53.8% |
| 2017 | 7.5% | +231.8% |
| 2016 | 2.3% | -57.7% |
| 2015 | 5.4% | +17.2% |
| 2014 | 4.6% | +805.1% |
| 2013 | -0.7% | -323.6% |
| 2012 | 0.3% | -96.8% |
| 2011 | 9.2% | -42.3% |
| 2010 | 15.9% | +844.7% |
| 2009 | -2.1% | -122.3% |
| 2008 | 9.6% | +1.3% |
| 2007 | 9.5% | +12.1% |
| 2006 | 8.4% | +6.5% |
| 2005 | 7.9% | -5.9% |
| 2004 | 8.4% | +146.2% |
| 2003 | 3.4% | -42.1% |
| 2002 | 5.9% | +10.1% |
| 2001 | 5.4% | +14.9% |
| 2000 | 4.7% |
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).