Micronesia, Fed. Sts.—GDP Deflator (%)
Micronesia, Fed. Sts.'s gdp deflator (%) was 6.0% in 2024, ranking #62 out of 209 countries. This represents a +6.5% change from 2023. Over the past 25 years, the highest recorded value was 9.4% (2022) and the lowest was -5.4% (2015). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 6.0% | +6.5% |
| 2023 | 5.7% | -39.8% |
| 2022 | 9.4% | +406.0% |
| 2021 | 1.9% | +149.6% |
| 2020 | -3.7% | -9.1% |
| 2019 | -3.4% | -137.3% |
| 2018 | 9.2% | +13.4% |
| 2017 | 8.1% | +113.3% |
| 2016 | 3.8% | +170.3% |
| 2015 | -5.4% | -277.8% |
| 2014 | 3.0% | +414.5% |
| 2013 | 0.6% | -91.6% |
| 2012 | 7.0% | +311.3% |
| 2011 | 1.7% | -53.5% |
| 2010 | 3.7% | -29.9% |
| 2009 | 5.2% | +2.1% |
| 2008 | 5.1% | +62.9% |
| 2007 | 3.2% | +144.6% |
| 2006 | 1.3% | -36.7% |
| 2005 | 2.0% | +109.1% |
| 2004 | 1.0% | +364.0% |
| 2003 | -0.4% | -500.9% |
| 2002 | 0.1% | -91.7% |
| 2001 | 1.1% | +6.1% |
| 2000 | 1.0% |
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).