South Africa—GDP Deflator (%)
South Africa's gdp deflator (%) was 3.9% in 2024, ranking #104 out of 209 countries. This represents a -17.1% change from 2023. Over the past 25 years, the highest recorded value was 12.5% (2002) and the lowest was 3.9% (2024). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 3.9% | -17.1% |
| 2023 | 4.7% | -9.9% |
| 2022 | 5.2% | -18.2% |
| 2021 | 6.4% | +18.9% |
| 2020 | 5.4% | +16.9% |
| 2019 | 4.6% | +15.5% |
| 2018 | 4.0% | -27.0% |
| 2017 | 5.5% | -21.3% |
| 2016 | 7.0% | +25.4% |
| 2015 | 5.5% | +3.3% |
| 2014 | 5.4% | -8.2% |
| 2013 | 5.8% | +24.7% |
| 2012 | 4.7% | -15.4% |
| 2011 | 5.5% | -9.6% |
| 2010 | 6.1% | -29.3% |
| 2009 | 8.7% | +10.4% |
| 2008 | 7.9% | -4.8% |
| 2007 | 8.2% | +36.0% |
| 2006 | 6.1% | +8.4% |
| 2005 | 5.6% | -7.4% |
| 2004 | 6.0% | -5.5% |
| 2003 | 6.4% | -49.0% |
| 2002 | 12.5% | +60.7% |
| 2001 | 7.8% | -15.0% |
| 2000 | 9.2% |
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).