United Kingdom's GDP deflator (base year varies by country) was 121.99 in 2025, the latest year in the World Bank's World Development Indicators. That is up 38.03% from 88.38 in 2015 (3.28% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 121.99 | 2025 |
| Five years earlier | 100 | 2020 |
| Ten years earlier | 88.38 | 2015 |
| Highest | 121.99 | 2025 |
| Lowest | 4.4 | 1960 |
| Average since 2016 | 102.96 | 2016–2025 |
| First recorded | 4.4 | 1960 |
What the numbers say
In 2025, United Kingdom's GDP deflator (base year varies by country) rose 3.7% on 2024 (from 117.64 to 121.99).
Across the 30 yearly changes before that (1995 to 2024), the average change was +2.7% and a typical year strayed about 2.1% from that (the standard deviation). This year's change was 0.5 standard deviations above 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 24.8% in 1975. 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 3.68 a year. A straight line explains 96% 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, United Kingdom had the 139th 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 United Kingdom in the 2025 ranking
- Seychelles — 135th of 186: 122.54
- Togo — 136th of 186: 122.48
- United States — 137th of 186: 122.36
- Cabo Verde — 139th of 186: 121.54
- Greece — 140th of 186: 121.48
- Israel — 141st of 186: 120.85
What this measures
The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. The base year varies by country. This indicator is expressed as a ratio (a÷b).
All 66 values
| Year | GDP deflator (base year varies by country) |
|---|---|
| 2025 | 121.99 |
| 2024 | 117.64 |
| 2023 | 113.18 |
| 2022 | 106.43 |
| 2021 | 100.71 |
| 2020 | 100 |
| 2019 | 95.38 |
| 2018 | 93.09 |
| 2017 | 91.3 |
| 2016 | 89.91 |
| 2015 |
GDP deflator (base year varies by country) in nearby economies
- Albania — 124.77 (2025)
- Andorra — 127.73 (2025)
- Armenia — 144.93 (2025)
- Austria — 123.03 (2025)
- Azerbaijan — 380.4 (2025)
- Belarus — 134.42 (2025)
- Belgium — 120.8 (2025)
- Bosnia and Herzegovina — 128.9 (2025)
- Bulgaria — 154.2 (2025)
- Channel Islands — 100 (2023)
More financial sector data for United Kingdom
- Consumer price index (2010 = 100) — 153.14 (2025)
- Inflation, consumer prices (annual % growth) — 3.88% (2025)
- DEC alternative conversion factor (LCU per US$) — US$0.76 (2025)
- Official exchange rate (LCU per US$, period average) — US$0.76 (2025)
- Domestic credit to private sector by banks (% of GDP) — 112.28% (2024)
- Net domestic credit (current LCU) — 3.89 trillion (2024)
- Net foreign assets (current LCU) — 440.95 billion (2024)
- Monetary sector credit to private sector (% of GDP) — 112.37% (2024)
- Broad money (current LCU) — 4.1 trillion (2024)
Reading data like this
Questions people ask
- What is United Kingdom's GDP deflator (base year varies by country)?
- 121.99 in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1960?
- It is up 2,674% from 4.4 in 1960 (5.24% a year on average, compounded). The highest value was 121.99 in 2025 and the lowest 4.4 in 1960.
- How does United Kingdom rank?
- 139th highest of 186 economies with data for 2025.
- Is the latest change in GDP deflator (base year varies by country) unusual for United Kingdom?
- In 2025, United Kingdom's GDP deflator (base year varies by country) rose 3.7% on 2024 (from 117.64 to 121.99). Across the 30 yearly changes before that (1995 to 2024), the average change was +2.7% and a typical year strayed about 2.1% from that (the standard deviation). This year's change was 0.5 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NY.GDP.DEFL.ZS, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) 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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