Somalia, Fed. Rep.—GDP Deflator (%)
Somalia, Fed. Rep.'s gdp deflator (%) was 8.3% in 2024, ranking #40 out of 209 countries. This represents a +81.0% change from 2023. Over the past 25 years, the highest recorded value was 16.1% (2005) and the lowest was -15.3% (2010). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 8.3% | +81.0% |
| 2023 | 4.6% | -42.0% |
| 2022 | 7.9% | +7.4% |
| 2021 | 7.4% | +37.9% |
| 2020 | 5.4% | -55.0% |
| 2019 | 11.9% | +139.4% |
| 2018 | 5.0% | +756.5% |
| 2017 | 0.6% | -85.8% |
| 2016 | 4.1% | -41.4% |
| 2015 | 7.0% | -21.8% |
| 2014 | 8.9% | +185.2% |
| 2013 | -10.5% | -281.4% |
| 2012 | 5.8% | +299.8% |
| 2011 | -2.9% | +81.2% |
| 2010 | -15.3% | -745.9% |
| 2009 | 2.4% | +15.4% |
| 2008 | 2.1% | -41.4% |
| 2007 | 3.5% | +151.2% |
| 2006 | -6.9% | -142.8% |
| 2005 | 16.1% | +136.4% |
| 2004 | 6.8% | +8.2% |
| 2003 | 6.3% | -18.7% |
| 2002 | 7.7% | -6.3% |
| 2001 | 8.2% | -43.6% |
| 2000 | 14.6% |
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).