Inflation, GDP deflator in Small states
Small states: Inflation, GDP deflator was 2.7% in 2025. ◆ Volatile
Inflation, GDP deflator in Small states, 1971–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual %.
Analysis
The most recent figure for inflation, gdp deflator in Small states is 2.7%, measured in 2025.
The figure is down 26.9% on the previous year and down 2.4% over ten years.
Over the whole period, inflation, gdp deflator in Small states peaked at 18.1% in 1974 and was at its lowest, 0.4%, in 2020.
That places Small states 39th out of 45 groups with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, GDP deflator in Small states, year by year
| Year | annual % | Change |
|---|---|---|
| 1971 | 5.4% | — |
| 1972 | 7.7% | +42.4% |
| 1973 | 12.5% | +63.7% |
| 1974 | 18.1% | +44.1% |
| 1975 | 9.8% | -46.1% |
| 1976 | 6.6% | -31.9% |
| 1977 | 8.6% | +29.0% |
| 1978 | 7.3% | -14.3% |
| 1979 | 10.6% | +44.6% |
| 1980 | 12.9% | +21.0% |
| 1981 | 8.6% | -33.0% |
| 1982 | 7.5% | -12.9% |
| 1983 | 6.0% | -20.3% |
| 1984 | 6.2% | +3.4% |
| 1985 | 3.7% | -39.9% |
| 1986 | 4.7% | +25.6% |
| 1987 | 7.2% | +53.7% |
| 1988 | 6.5% | -9.9% |
| 1989 | 5.6% | -13.1% |
| 1990 | 6.4% | +13.6% |
| 1991 | 6.0% | -5.9% |
| 1992 | 5.0% | -15.8% |
| 1993 | 3.0% | -39.9% |
| 1994 | 3.6% | +17.4% |
| 1995 | 3.0% | -14.4% |
| 1996 | 2.9% | -3.7% |
| 1997 | 2.3% | -22.4% |
| 1998 | 3.0% | +30.4% |
| 1999 | 4.3% | +44.9% |
| 2000 | 2.6% | -38.7% |
| 2001 | 4.0% | +52.3% |
| 2002 | 3.1% | -23.5% |
| 2003 | 3.9% | +26.5% |
| 2004 | 3.8% | -3.3% |
| 2005 | 4.0% | +6.2% |
| 2006 | 4.1% | +2.5% |
| 2007 | 5.0% | +22.9% |
| 2008 | 5.8% | +16.0% |
| 2009 | 1.7% | -71.3% |
| 2010 | 1.9% | +12.1% |
| 2011 | 2.7% | +46.0% |
| 2012 | 3.5% | +27.7% |
| 2013 | 2.3% | -35.7% |
| 2014 | 1.5% | -33.6% |
| 2015 | 2.8% | +85.7% |
| 2016 | 2.1% | -25.0% |
| 2017 | 2.2% | +5.4% |
| 2018 | 1.8% | -17.3% |
| 2019 | 1.4% | -21.6% |
| 2020 | 0.4% | -75.1% |
| 2021 | 2.9% | +724.8% |
| 2022 | 6.6% | +124.3% |
| 2023 | 4.8% | -26.8% |
| 2024 | 3.7% | -22.8% |
| 2025 | 2.7% | -26.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.6% | 5.4% | 18.1% | 9 |
| 1980s | 6.9% | 3.7% | 12.9% | 10 |
| 1990s | 4.0% | 2.3% | 6.4% | 10 |
| 2000s | 3.8% | 1.7% | 5.8% | 10 |
| 2010s | 2.2% | 1.4% | 3.5% | 10 |
| 2020s | 3.5% | 0.4% | 6.6% | 6 |
Countries ranked near Small states
- 36 Gambia 7.9% compare
- 37 Congo, Democratic Republic of the 7.8% compare
- 38 Nicaragua 7.6% compare
- 39 Lao People's Democratic Republic 7.5% compare
- 40 Bulgaria 7.4% compare
- 41 San Marino 7.4% compare
- 42 Rwanda 7.4% compare
More economy & growth data for Small states
- Gross fixed capital formation 67.79 billion current US$ (2024)
- Gross national expenditure 253.87 billion constant 2015 US$ (2025)
- Exports of goods and services 252.77 billion current US$ (2025)
- Exports of goods and services 206.38 billion constant 2015 US$ (2025)
- Exports of goods and services 3.1% (2025)
- Exports of goods and services 74.9% (2025)
- Gross fixed capital formation 2.1% (2024)
- Gross capital formation 67.24 billion current US$ (2024)
- Gross fixed capital formation 21.8% (2024)
- Gross national expenditure 340.52 billion current US$ (2025)
Frequently asked questions
- What is inflation, gdp deflator in Small states?
- Inflation, gdp deflator in Small states was 2.7% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest inflation, gdp deflator recorded in Small states?
- The highest recorded value was 18.1% in 1974.
- What is the lowest inflation, gdp deflator recorded in Small states?
- The lowest recorded value was 0.4% in 2020.
- How does Small states rank for inflation, gdp deflator?
- Small states ranks 39th out of 45 groups with data for 2025.
- Is inflation, gdp deflator rising or falling in Small states?
- Over the last ten years it is down 2.4%. The long-run trend across the full record is volatile.
- Where does this Small states 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.