North Macedonia—GDP Deflator (%)
North Macedonia's gdp deflator (%) was 3.7% in 2024, ranking #113 out of 209 countries. This represents a -53.4% change from 2023. Over the past 25 years, the highest recorded value was 8.9% (2022) and the lowest was -0.2% (2004). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 3.7% | -53.4% |
| 2023 | 7.9% | -11.2% |
| 2022 | 8.9% | +107.1% |
| 2021 | 4.3% | +211.8% |
| 2020 | 1.4% | +58.3% |
| 2019 | 0.9% | -77.9% |
| 2018 | 3.9% | +39.9% |
| 2017 | 2.8% | -19.0% |
| 2016 | 3.5% | +73.0% |
| 2015 | 2.0% | +38.5% |
| 2014 | 1.4% | -67.7% |
| 2013 | 4.5% | +347.0% |
| 2012 | 1.0% | -73.1% |
| 2011 | 3.7% | +82.3% |
| 2010 | 2.0% | +591.8% |
| 2009 | 0.3% | -94.6% |
| 2008 | 5.5% | +19.6% |
| 2007 | 4.6% | +41.2% |
| 2006 | 3.3% | -33.6% |
| 2005 | 4.9% | +3048.6% |
| 2004 | -0.2% | -110.1% |
| 2003 | 1.7% | +75.0% |
| 2002 | 0.9% | -80.0% |
| 2001 | 4.7% | -42.3% |
| 2000 | 8.2% |
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).