China GDP Deflator Growth
Annual change in the GDP implicit price deflator — a broad measure of price change across the economy.
GDP Deflator Growth in China decreased to -0.92 percent in 2025 from -0.76 percent in 2024.
China GDP Deflator Growth — History
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China GDP Deflator Growth — analysis in simple words
Latest reading
GDP Deflator Growth in China decreased to -0.92 percent in 2025 from -0.76 percent in 2024.
It has fallen in each of the last three years.
Recent trend
A year earlier (2024) it was -0.8%, so the latest figure is 0.2 percentage points lower.
Over the past five years the average was 0.8%, with a range from -0.9% to 4.5%. The latest value is below that five-year average.
Historical context
This data series starts in 1961 and has 65 annual observations. The latest reading is higher than 9% of all of them.
The highest value on record is 20.6% (1994) and the lowest is -3.8% (1969). The long-run average is 3.3%.
Compared with other countries
Among 209 economies with recent data, China ranks 193rd from the top. The median across all these economies is 3.3%, so China is below the typical country.
Among 19 major economies tracked on this site it ranks 17th.
Within East Asia & Pacific (36 economies with data) it ranks 33rd; the regional median is 2.6%.
Statistics
- Latest
- -0.9%2025
- Previous
- -0.8%
- 5-year average
- 0.8%
- Long-run average
- 3.3%since 1961
- All-time high
- 20.6%1994
- All-time low
- -3.8%1969
- Observations
- 65Annual
Recent Data
| Period | Value | Change |
|---|---|---|
| 2025 | -0.9% | ▼ −0.2 pp |
| 2024 | -0.8% | ▼ −0.3 pp |
| 2023 | -0.5% | ▼ −2.4 pp |
| 2022 | 1.9% | ▼ −2.5 pp |
| 2021 | 4.5% | ▲ +3.9 pp |
| 2020 | 0.5% | ▼ −0.8 pp |
| 2019 | 1.3% | ▼ −2.2 pp |
| 2018 | 3.5% | ▼ −0.7 pp |
| 2017 | 4.1% | ▲ +2.7 pp |
| 2016 | 1.5% | ▲ +1.3 pp |
| 2015 | 0.1% | ▼ −1.0 pp |
| 2014 | 1.1% | ▼ −1.2 pp |
| 2013 | 2.3% | ▼ −0.1 pp |
| 2012 | 2.4% | ▼ −5.6 pp |
| 2011 | 8.0% | ▲ +1.1 pp |
| 2010 | 6.9% | ▲ +7.0 pp |
| 2009 | -0.1% | ▼ −7.9 pp |
| 2008 | 7.9% | ▼ −0.1 pp |
| 2007 | 7.9% | ▲ +3.9 pp |
| 2006 | 4.0% | ▲ +0.3 pp |
| 2005 | 3.8% | ▼ −3.2 pp |
| 2004 | 7.0% | ▲ +4.3 pp |
| 2003 | 2.6% | ▲ +2.0 pp |
| 2002 | 0.6% | ▼ −1.6 pp |
| 2001 | 2.2% | ▲ +0.1 pp |
| 2000 | 2.1% | ▲ +3.3 pp |
| 1999 | -1.2% | ▼ −0.4 pp |
| 1998 | -0.8% | ▼ −2.5 pp |
| 1997 | 1.6% | ▼ −4.9 pp |
| 1996 | 6.5% |
GDP Deflator Growth — China vs Peers
Latest available reading for each economy (periods may differ). China highlighted.
More China indicators
Understanding GDP Deflator Growth — a simple guide
What it measures
The annual change in the GDP implicit price deflator — prices of everything produced in the economy, not just consumer goods.
How it is calculated
GDP deflator = nominal GDP ÷ real GDP × 100; the growth rate is its yearly % change.
If nominal GDP grew 10% and real GDP 6%, the deflator rose about 4%.
A high reading means prices across the whole economy are rising quickly.
A low or negative reading means broad prices are stable or falling.
Why it matters for the economy and markets
It is the broadest measure of inflation and links nominal to real GDP.
How to read it
It can differ from CPI inflation when export, import or investment prices move differently from consumer prices.
Data source
World Bank — World Development Indicators (series NY.GDP.DEFL.KD.ZG), annual data from 1961 to 2025. Values are shown exactly as published by the source and may be revised later.
How to use the chart
Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.
Frequently asked questions
What is the current gdp deflator growth of China?
What is the highest and lowest gdp deflator growth of China?
What does gdp deflator growth measure?
Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.