Libya—GDP Deflator (%)
Libya's gdp deflator (%) was 8.5% in 2024, ranking #38 out of 209 countries. This represents a +211.6% change from 2023. Over the past 25 years, the highest recorded value was 90.5% (2021) and the lowest was -24.8% (2009). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 8.5% | +211.6% |
| 2023 | -7.6% | -117.8% |
| 2022 | 42.8% | -52.7% |
| 2021 | 90.5% | +2002.7% |
| 2020 | -4.8% | -213.9% |
| 2019 | 4.2% | +16.1% |
| 2018 | 3.6% | +99.1% |
| 2017 | 1.8% | -61.5% |
| 2016 | 4.7% | +166.6% |
| 2015 | -7.0% | -599.5% |
| 2014 | -1.0% | -1278.8% |
| 2013 | 0.1% | -98.6% |
| 2012 | 6.0% | -75.4% |
| 2011 | 24.3% | +26.3% |
| 2010 | 19.3% | +177.6% |
| 2009 | -24.8% | -204.8% |
| 2008 | 23.7% | +871.9% |
| 2007 | 2.4% | -87.6% |
| 2006 | 19.7% | -31.1% |
| 2005 | 28.6% | +26.4% |
| 2004 | 22.6% | +57.4% |
| 2003 | 14.4% | -47.3% |
| 2002 | 27.2% | +279.2% |
| 2001 | 7.2% | -46.0% |
| 2000 | 13.3% |
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).