Philippines—GDP Deflator (%)
Philippines's gdp deflator (%) was 2.9% in 2024, ranking #139 out of 209 countries. This represents a -36.7% change from 2023. Over the past 25 years, the highest recorded value was 7.2% (2008) and the lowest was -0.7% (2015). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 2.9% | -36.7% |
| 2023 | 4.6% | -16.2% |
| 2022 | 5.5% | +140.5% |
| 2021 | 2.3% | +38.3% |
| 2020 | 1.7% | +136.8% |
| 2019 | 0.7% | -81.4% |
| 2018 | 3.7% | +61.2% |
| 2017 | 2.3% | +81.2% |
| 2016 | 1.3% | +277.9% |
| 2015 | -0.7% | -123.6% |
| 2014 | 3.1% | +48.1% |
| 2013 | 2.1% | +3.4% |
| 2012 | 2.0% | -49.1% |
| 2011 | 3.9% | -10.3% |
| 2010 | 4.4% | +59.6% |
| 2009 | 2.7% | -61.9% |
| 2008 | 7.2% | +126.9% |
| 2007 | 3.2% | -38.1% |
| 2006 | 5.1% | -13.5% |
| 2005 | 5.9% | +0.3% |
| 2004 | 5.9% | +84.5% |
| 2003 | 3.2% | -24.6% |
| 2002 | 4.2% | -24.7% |
| 2001 | 5.6% | -3.4% |
| 2000 | 5.8% |
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).