Somalia - Inflation

Inflation, GDP deflator (annual %)

The value for Inflation, GDP deflator (annual %) in Somalia was 7.90 as of 2020. As the graph below shows, over the past 59 years this indicator reached a maximum value of 215.47 in 1990 and a minimum value of -3.21 in 1966.

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.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1961 9.79
1962 -0.82
1963 3.30
1964 13.10
1965 12.89
1966 -3.21
1967 -0.32
1968 3.40
1969 6.52
1970 0.69
1971 1.84
1972 11.99
1973 11.61
1974 13.07
1975 16.88
1976 14.73
1977 9.79
1978 14.64
1979 13.05
1980 100.90
1981 20.13
1982 26.83
1983 32.01
1984 71.67
1985 29.61
1986 33.53
1987 32.65
1988 69.85
1989 97.42
1990 215.47
2014 7.13
2015 1.65
2016 -0.85
2017 -0.97
2018 0.46
2019 7.17
2020 7.90

Inflation, GDP deflator: linked series (annual %)

The latest value for Inflation, GDP deflator: linked series (annual %) in Somalia was 7.90 as of 2020. Over the past 6 years, the value for this indicator has fluctuated between 7.90 in 2020 and -0.97 in 2017.

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. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years.

Source: World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.

See also:

Year Value
2014 7.13
2015 1.65
2016 -0.85
2017 -0.97
2018 0.46
2019 7.17
2020 7.90

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices