GDP Deflator — Value US$, 2015 prices, annual growth rate in Melanesia
Melanesia: GDP Deflator — Value US$, 2015 prices, annual growth rate was 1.33 % change on previous year in 2024. ◆ Volatile
GDP Deflator — Value US$, 2015 prices, annual growth rate in Melanesia, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Melanesia recorded 1.33 % change on previous year for gdp deflator — value us$, 2015 prices, annual growth rate in 2024.
Compared with earlier readings it is up 189.4% on the previous year and up 543.2% over ten years.
Over the whole period, gdp deflator — value us$, 2015 prices, annual growth rate in Melanesia peaked at 37.96 % change on previous year in 1973 and was at its lowest, -18.01 % change on previous year, in 1998.
Melanesia ranks 148th of 222 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP Deflator — Value US$, 2015 prices, annual growth rate in Melanesia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 6.93 % change on previous year | — |
| 1972 | 14.12 % change on previous year | +103.7% |
| 1973 | 37.96 % change on previous year | +168.9% |
| 1974 | 10.62 % change on previous year | -72.0% |
| 1975 | 1.54 % change on previous year | -85.5% |
| 1976 | 4.88 % change on previous year | +216.7% |
| 1977 | 8.93 % change on previous year | +82.9% |
| 1978 | 8.08 % change on previous year | -9.6% |
| 1979 | 18.42 % change on previous year | +128.1% |
| 1980 | 14.48 % change on previous year | -21.4% |
| 1981 | -3.34 % change on previous year | -123.1% |
| 1982 | -5.56 % change on previous year | +66.6% |
| 1983 | -4.32 % change on previous year | -22.4% |
| 1984 | -0.7157 % change on previous year | -83.4% |
| 1985 | -5.52 % change on previous year | +671.9% |
| 1986 | 9.94 % change on previous year | -279.8% |
| 1987 | 12.07 % change on previous year | +21.5% |
| 1988 | 7.12 % change on previous year | -41.1% |
| 1989 | -3.4 % change on previous year | -147.8% |
| 1990 | -0.6801 % change on previous year | -80.0% |
| 1991 | 5.66 % change on previous year | -932.8% |
| 1992 | 3.86 % change on previous year | -31.9% |
| 1993 | -1.72 % change on previous year | -144.7% |
| 1994 | 2.79 % change on previous year | -261.7% |
| 1995 | 0.2654 % change on previous year | -90.5% |
| 1996 | 0.3171 % change on previous year | +19.5% |
| 1997 | 0.245 % change on previous year | -22.7% |
| 1998 | -18.01 % change on previous year | -7452.3% |
| 1999 | -4.02 % change on previous year | -77.7% |
| 2000 | -2.45 % change on previous year | -39.0% |
| 2001 | -7.79 % change on previous year | +217.6% |
| 2002 | 2.98 % change on previous year | -138.3% |
| 2003 | 20.71 % change on previous year | +594.2% |
| 2004 | 13.29 % change on previous year | -35.8% |
| 2005 | 7.52 % change on previous year | -43.4% |
| 2006 | 7.51 % change on previous year | -0.2% |
| 2007 | 12.03 % change on previous year | +60.2% |
| 2008 | 11.11 % change on previous year | -7.7% |
| 2009 | -7.89 % change on previous year | -171.1% |
| 2010 | 6.58 % change on previous year | -183.4% |
| 2011 | 16.97 % change on previous year | +157.9% |
| 2012 | 5.11 % change on previous year | -69.9% |
| 2013 | -1.24 % change on previous year | -124.2% |
| 2014 | -0.3005 % change on previous year | -75.7% |
| 2015 | -12.9 % change on previous year | +4191.8% |
| 2016 | -5.18 % change on previous year | -59.8% |
| 2017 | 4.76 % change on previous year | -192.0% |
| 2018 | 5.71 % change on previous year | +19.9% |
| 2019 | -2.08 % change on previous year | -136.5% |
| 2020 | -0.0331 % change on previous year | -98.4% |
| 2021 | 8.54 % change on previous year | -25929.1% |
| 2022 | 6.93 % change on previous year | -18.9% |
| 2023 | -1.49 % change on previous year | -121.5% |
| 2024 | 1.33 % change on previous year | -189.4% |
Biggest year-on-year movements
Years where GDP Deflator — Value US$, 2015 prices, annual growth rate in Melanesia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +25929.1% | -0.0331 % change on previous year | 8.54 % change on previous year |
| 1998 | -7452.3% | 0.245 % change on previous year | -18.01 % change on previous year |
| 2015 | -4191.8% | -0.3005 % change on previous year | -12.9 % change on previous year |
| 1991 | +932.8% | -0.6801 % change on previous year | 5.66 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.39 % change on previous year | 1.54 % change on previous year | 37.96 % change on previous year | 9 |
| 1980s | 2.07 % change on previous year | -5.56 % change on previous year | 14.48 % change on previous year | 10 |
| 1990s | -1.13 % change on previous year | -18.01 % change on previous year | 5.66 % change on previous year | 10 |
| 2000s | 5.7 % change on previous year | -7.89 % change on previous year | 20.71 % change on previous year | 10 |
| 2010s | 1.74 % change on previous year | -12.9 % change on previous year | 16.97 % change on previous year | 10 |
| 2020s | 3.06 % change on previous year | -1.49 % change on previous year | 8.54 % change on previous year | 5 |
Countries ranked near Melanesia
- 145 Nepal 1.38 % change on previous year compare
- 146 Grenada 1.35 % change on previous year compare
- 147 Kiribati 1.33 % change on previous year compare
- 149 Eritrea 1.26 % change on previous year compare
- 150 Democratic People's Republic of Korea 1.12 % change on previous year compare
- 151 Armenia 1.1 % change on previous year compare
More economy & growth data for Melanesia
- Gross Fixed Capital Formation — Value US$, 2015 prices 6,546 million USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 3,365 USD (2024)
- Gross Domestic Product — Value US$ per capita 4,008 USD (2024)
- Gross Domestic Product — Value US$ 51,880 million USD (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 1.97 % (2024)
- Gross Fixed Capital Formation — Value US$ 7,131 million USD (2024)
- Gross Fixed Capital Formation — Annual growth US$ 2.11 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 13.74 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 15.03 % (2024)
- Gross Domestic Product — Value US$, 2015 prices 43,564 million USD (2024)
Frequently asked questions
- What is gdp deflator — value us$, 2015 prices, annual growth rate in Melanesia?
- Gdp deflator — value us$, 2015 prices, annual growth rate in Melanesia was 1.33 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp deflator — value us$, 2015 prices, annual growth rate recorded in Melanesia?
- The highest recorded value was 37.96 % change on previous year in 1973.
- What is the lowest gdp deflator — value us$, 2015 prices, annual growth rate recorded in Melanesia?
- The lowest recorded value was -18.01 % change on previous year in 1998.
- How does Melanesia rank for gdp deflator — value us$, 2015 prices, annual growth rate?
- Melanesia ranks 148th out of 222 countries with data for 2024.
- Is gdp deflator — value us$, 2015 prices, annual growth rate rising or falling in Melanesia?
- Over the last ten years it is up 543.2%. The long-run trend across the full record is volatile.
- Where does this Melanesia data come from?
- The figures come from Statizoid (derived), published as part of GDP Deflator — Value US$, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP Deflator — Value US$, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP Deflator — Value US$, 2015 prices Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP Deflator — Value US$, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.