Ghana—GDP Deflator (%)
Ghana's gdp deflator (%) was 24.7% in 2024, ranking #12 out of 209 countries. This represents a -38.4% change from 2023. Over the past 25 years, the highest recorded value was 84.7% (2006) and the lowest was 8.5% (2019). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 24.7% | -38.4% |
| 2023 | 40.1% | +42.3% |
| 2022 | 28.2% | +132.8% |
| 2021 | 12.1% | +29.3% |
| 2020 | 9.4% | +10.4% |
| 2019 | 8.5% | -19.8% |
| 2018 | 10.6% | -1.0% |
| 2017 | 10.7% | -32.2% |
| 2016 | 15.7% | +18.8% |
| 2015 | 13.3% | -44.6% |
| 2014 | 23.9% | -55.7% |
| 2013 | 54.0% | +255.2% |
| 2012 | 15.2% | +9.3% |
| 2011 | 13.9% | -16.2% |
| 2010 | 16.6% | +5.9% |
| 2009 | 15.7% | -19.3% |
| 2008 | 19.4% | +20.5% |
| 2007 | 16.1% | -81.0% |
| 2006 | 84.7% | +465.9% |
| 2005 | 15.0% | +4.3% |
| 2004 | 14.4% | -50.0% |
| 2003 | 28.7% | +25.8% |
| 2002 | 22.8% | -34.5% |
| 2001 | 34.8% | +27.9% |
| 2000 | 27.2% |
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).