Andorra: Inflation, GDP deflator, linked series (annual % growth)

Key figures

Over five years it is up 1.52 percentage points from 1.11% in 2020. Since 1990 it is down 4.69 percentage points from 7.33% in 1990.

What the numbers say

In 2025, Andorra's inflation, GDP deflator, linked series (annual % growth) fell 0.15 percentage points on 2024 (from 2.78% to 2.63%).

Across the 30 yearly changes before that (1995 to 2024), the average change was −0.04 percentage points and a typical year strayed about 6.91 percentage points from that (the standard deviation). This year's change was 0.0 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 26.01 percentage points in 2000 and the biggest yearly fall was 25.66 percentage points in 2001. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 the straight-line trend is upward, about 0.42 percentage points a year. A straight line explains 49% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2025, Andorra had the 119th highest value of the 186 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Andorra in the 2025 ranking

• West Bank and Gaza — 116th of 186: 2.72%
• St. Kitts and Nevis — 117th of 186: 2.69%
• Sierra Leone — 118th of 186: 2.67%
• Seychelles — 120th of 186: 2.6%
• St. Lucia — 121st of 186: 2.56%
• Belgium — 122nd of 186: 2.56%

What this measures

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. 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. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.

All 36 values

Inflation, GDP deflator, linked series (annual % growth) in nearby economies

• Albania — 1.45% (2025)
• Armenia — 3.57% (2025)
• Austria — 3.15% (2025)
• Azerbaijan — 0.57% (2025)
• Belarus — 10.92% (2025)
• Belgium — 2.56% (2025)
• Bosnia and Herzegovina — 3.01% (2025)
• Bulgaria — 7.41% (2025)
• Channel Islands — 5.75% (2023)
• Croatia — 4.67% (2025)
• Cyprus — 1.11% (2025)
• Czechia — 3.51% (2025)
• Denmark — 1.67% (2025)
• Estonia — 3.84% (2025)
• Faroe Islands — 2% (2024)

More financial sector data for Andorra

• GDP deflator (base year varies by country) — 127.73 (2025)
• DEC alternative conversion factor (LCU per US$) — US$0.88 (2025)
• Inflation, GDP deflator (annual % growth) — 2.63% (2025)
• GDP deflator, linked series (base year varies by country) — 127.73 (2025)

Every indicator for Andorra is on the Andorra data page.

Reading data like this

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Questions people ask

What is Andorra's inflation, GDP deflator, linked series (annual % growth)?

2.63% in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1990?

It is down 4.69 percentage points from 7.33% in 1990. The highest value was 28.74% in 2000 and the lowest -0.08% in 2014.

How does Andorra rank?

119th highest of 186 economies with data for 2025.

Is the latest change in inflation, GDP deflator, linked series (annual % growth) unusual for Andorra?

In 2025, Andorra's inflation, GDP deflator, linked series (annual % growth) fell 0.15 percentage points on 2024 (from 2.78% to 2.63%). Across the 30 yearly changes before that (1995 to 2024), the average change was −0.04 percentage points and a typical year strayed about 6.91 percentage points from that (the standard deviation). This year's change was 0.0 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD); World Economic Outlook database, International Monetary Fund (IMF).

Source

World Bank, World Development Indicators, indicator NY.GDP.DEFL.KD.ZG.AD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD); World Economic Outlook database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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