Inflation, GDP deflator in Latin America & Caribbean
Latin America & Caribbean: Inflation, GDP deflator was 3.4% in 2025. ◆ Volatile
Latest (2025)
3.4%
Change on year
down 8.8%
Rank
26th
of 47 groups
All-time high
23.2%
in 1974
All-time low
1.8%
in 2020
Years of data
65
1961–2025
Inflation, GDP deflator in Latin America & Caribbean, 1961–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual %.
Analysis
In 2025, inflation, gdp deflator in Latin America & Caribbean stood at 3.4%.
That represents a change of down 8.8% on the previous year and up 16.7% over ten years.
Over the whole period, inflation, gdp deflator in Latin America & Caribbean peaked at 23.2% in 1974 and was at its lowest, 1.8%, in 2020.
Latin America & Caribbean ranks 26th of 47 groups 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.
Inflation, GDP deflator in Latin America & Caribbean, year by year
| Year | annual % | Change |
|---|---|---|
| 1961 | 2.7% | — |
| 1962 | 3.1% | +13.3% |
| 1963 | 3.0% | -3.7% |
| 1964 | 3.4% | +12.5% |
| 1965 | 2.5% | -24.9% |
| 1966 | 3.6% | +43.7% |
| 1967 | 3.8% | +5.6% |
| 1968 | 4.3% | +11.1% |
| 1969 | 3.6% | -15.7% |
| 1970 | 4.2% | +15.7% |
| 1971 | 5.4% | +29.6% |
| 1972 | 6.8% | +26.0% |
| 1973 | 14.7% | +116.3% |
| 1974 | 23.2% | +58.2% |
| 1975 | 15.5% | -33.4% |
| 1976 | 8.6% | -44.4% |
| 1977 | 12.5% | +45.8% |
| 1978 | 8.8% | -29.7% |
| 1979 | 14.6% | +65.7% |
| 1980 | 18.8% | +28.8% |
| 1981 | 10.7% | -43.0% |
| 1982 | 6.7% | -37.6% |
| 1983 | 7.5% | +11.7% |
| 1984 | 10.1% | +34.6% |
| 1985 | 9.3% | -7.3% |
| 1986 | 7.3% | -22.2% |
| 1987 | 8.7% | +19.6% |
| 1988 | 11.7% | +34.2% |
| 1989 | 9.0% | -22.8% |
| 1990 | 15.5% | +72.2% |
| 1991 | 12.3% | -20.3% |
| 1992 | 5.7% | -53.8% |
| 1993 | 8.6% | +50.9% |
| 1994 | 10.1% | +18.0% |
| 1995 | 9.6% | -5.0% |
| 1996 | 3.7% | -61.8% |
| 1997 | 3.7% | +0.5% |
| 1998 | 4.9% | +32.9% |
| 1999 | 3.8% | -23.1% |
| 2000 | 4.6% | +20.3% |
| 2001 | 3.8% | -16.6% |
| 2002 | 3.7% | -2.3% |
| 2003 | 4.7% | +26.9% |
| 2004 | 6.5% | +36.7% |
| 2005 | 5.9% | -7.9% |
| 2006 | 6.1% | +2.8% |
| 2007 | 6.2% | +1.9% |
| 2008 | 7.5% | +20.1% |
| 2009 | 3.4% | -54.2% |
| 2010 | 4.7% | +36.2% |
| 2011 | 5.6% | +19.5% |
| 2012 | 3.6% | -35.4% |
| 2013 | 2.5% | -30.8% |
| 2014 | 2.3% | -6.3% |
| 2015 | 2.9% | +24.4% |
| 2016 | 2.3% | -19.1% |
| 2017 | 3.0% | +26.2% |
| 2018 | 2.1% | -28.4% |
| 2019 | 2.6% | +22.4% |
| 2020 | 1.8% | -29.0% |
| 2021 | 4.3% | +134.2% |
| 2022 | 6.6% | +53.5% |
| 2023 | 4.4% | -33.5% |
| 2024 | 3.7% | -15.8% |
| 2025 | 3.4% | -8.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3.3% | 2.5% | 4.3% | 9 |
| 1970s | 11.4% | 4.2% | 23.2% | 10 |
| 1980s | 10.0% | 6.7% | 18.8% | 10 |
| 1990s | 7.8% | 3.7% | 15.5% | 10 |
| 2000s | 5.2% | 3.4% | 7.5% | 10 |
| 2010s | 3.2% | 2.1% | 5.6% | 10 |
| 2020s | 4.0% | 1.8% | 6.6% | 6 |
Countries ranked near Latin America & Caribbean
- 23 Nigeria 13.9% compare
- 24 Suriname 13.0% compare
- 25 Somalia 12.9% compare
- 26 Myanmar 12.5% compare
- 27 Kyrgyzstan 12.4% compare
- 28 Sao Tome and Principe 11.9% compare
- 29 Uzbekistan 11.9% compare
More economy & growth data for Latin America & Caribbean
- General government final consumption expenditure (constant 2015 US$) 2.15 % change on previous year (2025)
- Final consumption expenditure (current US$), per capita 9,089 current US$ per person (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.8191 current US$ per US$ of GDP (2025)
- Exports of goods and services (current US$), per unit of GDP 0.2615 current US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), annual growth rate 4.18 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 6,410 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.5777 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 1,502 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 4.28 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.6869 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is inflation, gdp deflator in Latin America & Caribbean?
- Inflation, gdp deflator in Latin America & Caribbean was 3.4% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest inflation, gdp deflator recorded in Latin America & Caribbean?
- The highest recorded value was 23.2% in 1974.
- What is the lowest inflation, gdp deflator recorded in Latin America & Caribbean?
- The lowest recorded value was 1.8% in 2020.
- How does Latin America & Caribbean rank for inflation, gdp deflator?
- Latin America & Caribbean ranks 26th out of 47 groups with data for 2025.
- Is inflation, gdp deflator rising or falling in Latin America & Caribbean?
- Over the last ten years it is up 16.7%. The long-run trend across the full record is volatile.
- Where does this Latin America & Caribbean data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Inflation, GDP deflator (annual %). Statizoid updates them automatically from the source API.
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About this data
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.