Ukraine GDP Deflator
Inflation as measured by annual growth rate of GDP implicit deflator NY.GDP.DEFL.KD.ZG
Ukraine's gdp deflator was 20.15% in 2025, ranked 18th globally. This represents a 64.1% increase from 2024. Data from World Bank, covering 1988–2025.
Overview
Ukraine's gdp deflator stood at 20.15% in 2025, a rise of +7.87pp from 2024. Based on recent trends, this figure is projected to reach 20.15% by 2025. Ukraine ranked 18th globally.
Ukraine’s GDP deflator has risen from an all‑time trough of 1.72 % in 1988 to an extraordinary peak of 3333.59 % in 1993, reflecting the hyperinflation that accompanied the country’s transition from a planned to a market economy. After that volatile episode, the index stabilized and, over the 38‑year coverage period, has settled at 20.15 % in 2025, ranking the nation 18th globally. This recent level is comparable to Burundi’s 20.59 % and slightly above American Samoa’s 19.84 %, indicating that Ukraine remains among the higher‑inflation economies despite gradual price‑level moderation since the early 1990s. The persistent elevation of the deflator suggests that structural price pressures, such as energy costs and supply‑chain disruptions, continue to influence the economy. Continued fiscal consolidation, monetary tightening, and integration with European markets could dampen inflationary dynamics, potentially steering the deflator downward in the coming years.
Data & projection
| Year | GDP Deflator | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 19.95% | - | - |
| 2026* trend | 20.05% | - | - |
| 2025* trend | 20.15% | - | - |
| 2025 | 20.15% | +7.87pp | #18 |
| 2024 | 12.28% | −7.60pp | #173 |
| 2023 | 19.87% | −15.04pp | #185 |
| 2022 | 34.92% | +10.11pp | #197 |
| 2021 | 24.80% | +14.51pp | #192 |
| 2020 | 10.29% | +2.05pp | #189 |
| 2019 | 8.25% | −7.15pp | #187 |
| 2018 | 15.40% | −6.70pp | #196 |
| 2017 | 22.10% | +5.00pp | #198 |
| 2016 | 17.10% | −21.78pp | #200 |
| 2015 | 38.88% | +22.98pp | #208 |
| 2014 | 15.90% | +11.59pp | #201 |
| 2013 | 4.31% | −3.67pp | #145 |
| 2012 | 7.98% | −6.20pp | #171 |
| 2011 | 14.18% | +0.51pp | #177 |
Detected Pattern
Analysis
Ukraine matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw gdp deflator improve within 24 months. View full analysis →
Frequently Asked Questions
Ukraine's gdp deflator was 20.15% in 2025. Ranked 18th globally. This represents a 64.1% increase from the previous year.
Ukraine's gdp deflator peaked at 3,333.59% in 1993.
The lowest gdp deflator in Ukraine was 1.72% in 1988.
Ukraine ranks 18th globally in gdp deflator as of 2025.
The World Bank indicator code is NY.GDP.DEFL.KD.ZG. Data sourced from World Bank.
Ukraine's gdp deflator is projected to reach 20.15% by 2025 based on trend extrapolation.
The gdp deflator of Ukraine in 2025 was 20.15%. This ranks 18th in the world.
Cite this page
@misc{historysaid_ukraine_gdp-deflator,
title = {Ukraine GDP Deflator},
url = {https://historysaid.com/ukraine/gdp-deflator/},
publisher = {HistorySaid},
year = {2026}
}