West Bank and Gaza - Inflation, consumer prices (annual %) 1997 - 2021
West Bank and Gaza's inflation, consumer prices (annual %) is currently 1.24%, according to the most recent World Bank data for the country (2021).
Definition
The consumer price index gauges inflation by indicating the yearly percentage shift in the expenses for an average consumer to procure a collection of goods and services, which could either remain constant or alter at specified periods like annually; typically employing the Laspeyres formula.- West Bank and Gaza's inflation, consumer prices (annual %) for 2021 was 1.237%, a 268.29% increase from 2020, with a +1 difference.
- In 2020 it was -0.735%, a -146.53% increase from 2019, with a -3 difference.
- In 2019 it was 1.58%, a 909.90% increase from 2018.
- In 2018 it was -0.195%, a -191.78% increase from 2017.
- In 2017 it was 0.213%, a 197.02% increase from 2016.
Measure: Percent
Average, Lowest, and Highest Recorded Values
The average inflation, consumer prices (annual %), value for West Bank and Gaza is currently 2.9591% (average of years with recorded data) with a lowest recorded value of -0.7353% in 2020 and a highest value of 9.89% in 2008.
West Bank and Gaza's Inflation, consumer prices (annual %) - Historical Data
| Year | Inflation, consumer prices (annual %) | Average Growth Rate (%) |
|---|---|---|
| 1997 | 7.087% | |
| 1998 | 5.58% | -21.27% |
| 1999 | 5.544% | -0.63% |
| 2000 | 2.798% | -49.53% |
| 2001 | 1.223% | -56.30% |
| 2002 | 5.71% | 366.93% |
| 2003 | 4.403% | -22.88% |
| 2004 | 3.004% | -31.77% |
| 2005 | 4.107% | 36.72% |
| 2006 | 3.842% | -6.45% |
| 2007 | 1.86% | -51.60% |
| 2008 | 9.89% | 431.79% |
| 2009 | 2.754% | -72.15% |
| 2010 | 3.749% | 36.14% |
| 2011 | 2.877% | -23.26% |
| 2012 | 2.779% | -3.41% |
| 2013 | 1.724% | -37.95% |
| 2014 | 1.733% | 0.50% |
| 2015 | 1.432% | -17.39% |
| 2016 | -0.219% | -115.30% |
| 2017 | 0.213% | 197.02% |
| 2018 | -0.195% | -191.78% |
| 2019 | 1.58% | 909.90% |
| 2020 | -0.735% | -146.53% |
| 2021 | 1.237% | 268.29% |
Expand
Comparison with Countries in the Middle East & North Africa Region.
Among countries in the same World Bank Middle East & North Africa (MENA) region, West Bank and Gaza comes in 21st with 1.237% inflation, consumer prices (annual %).
- Within the same region, Qatar comes in 11th with 4.995%, inflation, consumer prices (annual %).
- Iraq comes in 12th with 4.995%.
- United Arab Emirates comes in 13th with 4.828%.
- Israel comes in 14th with 4.394%.
- Jordan comes in 15th with 4.229%.
- Bahrain comes in 16th with 3.626%.
- Kuwait comes in 17th with 3.424%.
- Oman comes in 18th with 2.812%.
- Libya comes in 19th with 2.606%.
- And Saudi Arabia comes in 20th with 2.474%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 10 Countries in the Middle East & North Africa Region.
Top 10 Countries in the Middle East & North Africa Region.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Lebanon | 154.76% | 2021 |
| 2 | Iran, Islamic Rep. | 43.39% | 2021 |
| 3 | Syrian Arab Republic | 36.70% | 2012 |
| 4 | Egypt, Arab Rep. | 13.90% | 2022 |
| 5 | Algeria | 9.27% | 2022 |
| 6 | Tunisia | 8.31% | 2022 |
| 7 | Yemen, Rep. | 8.10% | 2014 |
| 8 | Morocco | 6.66% | 2022 |
| 9 | Malta | 6.15% | 2022 |
| 10 | Djibouti | 5.18% | 2022 |
Comparison with Countries in the Upper middle income Group.
Among countries in the same World Bank Upper middle income (UMI) group, West Bank and Gaza comes in 48th with 1.237% inflation, consumer prices (annual %).
- Within the same income group, Equatorial Guinea comes in 38th with 4.787%, inflation, consumer prices (annual %).
- Fiji comes in 39th with 4.52%.
- Gabon comes in 40th with 4.231%.
- Indonesia comes in 41st with 4.209%.
- Ecuador comes in 42nd with 3.466%.
- Malaysia comes in 43rd with 3.379%.
- Belize comes in 44th with 3.236%.
- Libya comes in 45th with 2.606%.
- Maldives comes in 46th with 2.333%.
- China comes in 47th with 1.974%.
- Grenada comes in 49th with 1.22%.
- Tuvalu comes in 50th with 0.501%.
- And Dominica comes in 51st with -0.727%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 14 Countries in the Upper middle income Group.
Top 14 Countries in the Upper middle income Group.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Venezuela, RB | 254.949% | 2016 |
| 2 | Turkiye | 72.309% | 2022 |
| 3 | Suriname | 52.446% | 2022 |
| 4 | Moldova | 28.737% | 2022 |
| 5 | Bulgaria | 15.325% | 2022 |
| 6 | Belarus | 15.210% | 2022 |
| 7 | North Macedonia | 14.205% | 2022 |
| 8 | Bosnia and Herzegovina | 14.021% | 2022 |
| 9 | Azerbaijan | 13.852% | 2022 |
| 10 | Montenegro | 13.040% | 2022 |
| 11 | Palau | 12.353% | 2022 |
| 12 | Serbia | 11.982% | 2022 |
| 13 | Georgia | 11.898% | 2022 |
| 14 | Botswana | 11.666% | 2022 |