Singapore

Singapore — GDP deflator

Singapore: published figures with a selectable comparison of economies.

-1.80%

-7.66 pp

As of 2025 | annual %

Mean
2.59%
Median
1.84%
Min
-4.57% 2023
Max
16.32% 1974

annual %

YearGDP deflator
2025-1.80%
20245.87%
2023-4.57%
202215.02%
202111.03%
2020-2.20%
2019-0.33%
20183.77%
20172.99%
20160.71%
20153.07%
2014-0.27%
2013-0.43%
20120.50%
20111.17%
20101.11%
20092.95%
2008-1.38%
20075.92%
20061.84%
20051.90%
20043.96%
2003-1.80%
2002-0.90%
CountryGDP deflatorChangeYear
Australia2.31%-0.28 pp2025
China-0.92%-0.16 pp2025
Euro area3.15%-0.24 pp2025Japan3.42%+0.22 pp2025Korea, Rep.3.13%-0.94 pp2025New Zealand3.62%-0.78 pp2025Singapore-1.80%-7.66 pp2025United Kingdom3.69%-0.24 pp2025United States2.80%+0.32 pp2025

What the GDP deflator is

The GDP deflator (NY.GDP.DEFL.KD.ZG) is the annual percentage change in the price of all goods and services produced in the economy — a broad inflation measure tied to GDP, not a consumer basket. Latest: -1.80% in 2025.

It can diverge from a consumer price index when export or investment prices move differently from household prices. From 1961 to 2025 (65 years): mean 2.59%, median 1.84%; low -4.57% (2023), high 16.32% (1974).

Source: World Bank Open Data. Licence: CC BY 4.0 (terms).

Reading this series

The GDP deflator covers the prices of final output rather than a fixed consumer basket. Its coverage includes investment and government spending, and its weights change. This annual rate can differ from consumer inflation; a negative value indicates falling prices on this measure.

World Bank: NY.GDP.DEFL.KD.ZG

About this desk

Related economies: Singapore · United States · Australia · United Kingdom · Euro area · China · Japan · Korea, Rep. · New Zealand

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