Inflation, GDP deflator (annual %) by country
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.
Countries reporting
211
Highest
227.1%
Venezuela
Lowest
-9.9%
Liechtenstein
Median
3.3%
Years covered
65
1961–2025
Data points
14,212
What the numbers show
Inflation, GDP deflator (annual %) is currently reported for 211 countries. The highest value is 227.1% in Venezuela; the lowest is -9.9% in Liechtenstein.
The median across all reporting countries is 3.3%, and the mean is 7.1%.
The gap between the highest and lowest reporting country is a factor of about 23.
Over the past decade 143 countries rose and 68 fell. The largest increase was in Lithuania (up 161,441.0%), and the largest decrease in Afghanistan (down 1,564.9%).
Inflation, GDP deflator: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Venezuela | 227.1% | 2025 | up 68.3% | volatile |
| 2 | Syria | 107.4% | 2022 | up 309.1% | volatile |
| 3 | Zimbabwe | 83.1% | 2025 | up 13,585.8% | volatile |
| 4 | Sudan | 65.9% | 2025 | up 370.0% | volatile |
| 5 | Lebanon | 45.2% | 2024 | up 42,796.6% | volatile |
| 6 | Argentina | 39.1% | 2025 | up 47.1% | volatile |
| 7 | Turkey | 36.4% | 2025 | up 362.2% | volatile |
| 8 | Haiti | 34.4% | 2025 | up 560.7% | volatile |
| 9 | Cuba | 32.2% | 2024 | up 830.3% | volatile |
| 10 | Malawi | 30.4% | 2025 | up 53.3% | volatile |
| 11 | Iran | 28.8% | 2025 | up 14,507.8% | volatile |
| 12 | Egypt | 25.0% | 2025 | up 151.4% | volatile |
| 13 | Angola | 20.5% | 2025 | up 793.0% | volatile |
| 14 | Bolivia | 19.9% | 2025 | up 531.0% | volatile |
| 15 | Eritrea | 19.5% | 2011 | up 29.6% | volatile |
| 16 | Burundi | 18.2% | 2025 | up 204.2% | volatile |
| 17 | South Sudan | 17.7% | 2015 | up 249.5% | volatile |
| 18 | Ethiopia | 16.7% | 2025 | up 54.0% | volatile |
| 19 | Yemen | 14.9% | 2018 | down 27.1% | volatile |
| 20 | Ukraine | 14.5% | 2025 | down 62.8% | volatile |
| 21 | Ghana | 14.4% | 2025 | up 8.9% | volatile |
| 22 | American Samoa | 14.2% | 2022 | down 18.5% | volatile |
| 23 | Nigeria | 13.9% | 2025 | up 384.0% | volatile |
| 24 | Suriname | 13.0% | 2025 | up 167.5% | volatile |
| 25 | Somalia | 12.9% | 2025 | up 84.9% | volatile |
| 26 | Myanmar | 12.5% | 2025 | up 202.7% | volatile |
| 27 | Kyrgyzstan | 12.4% | 2025 | up 261.7% | volatile |
| 28 | Sao Tome and Principe | 11.9% | 2025 | up 165.1% | volatile |
| 29 | Uzbekistan | 11.9% | 2025 | up 18.5% | volatile |
| 30 | Belarus | 10.9% | 2025 | down 31.9% | volatile |
| 31 | Kazakhstan | 9.6% | 2025 | up 426.7% | volatile |
| 32 | Burkina Faso | 8.8% | 2025 | up 497.4% | volatile |
| 33 | Madagascar | 8.4% | 2025 | up 28.8% | volatile |
| 34 | Romania | 8.2% | 2025 | up 151.3% | volatile |
| 35 | Honduras | 8.0% | 2025 | up 15.6% | volatile |
| 36 | Gambia | 7.9% | 2025 | down 18.8% | volatile |
| 37 | Democratic Republic of Congo | 7.8% | 2025 | up 649.1% | volatile |
| 38 | Nicaragua | 7.6% | 2025 | up 0.2% | volatile |
| 39 | Laos | 7.5% | 2025 | up 221.5% | volatile |
| 40 | Bulgaria | 7.4% | 2025 | up 151.5% | volatile |
| 41 | San Marino | 7.4% | 2023 | up 267.7% | volatile |
| 42 | Rwanda | 7.4% | 2025 | up 1,000.5% | volatile |
| 43 | Iceland | 6.9% | 2025 | up 1.8% | volatile |
| 44 | Papua New Guinea | 6.9% | 2025 | up 658.0% | volatile |
| 45 | Chile | 6.8% | 2025 | up 37.3% | volatile |
| 46 | Moldova | 6.6% | 2025 | down 43.3% | volatile |
| 47 | Bangladesh | 6.5% | 2025 | up 11.1% | volatile |
| 48 | Hungary | 6.3% | 2025 | up 123.1% | volatile |
| 49 | Guinea | 6.2% | 2025 | up 108.3% | volatile |
| 50 | Samoa | 6.2% | 2025 | up 55.6% | volatile |
| 51 | Namibia | 6.1% | 2025 | up 56.8% | volatile |
| 52 | Turkmenistan | 6.0% | 2025 | up 217.8% | volatile |
| 54 | Brazil | 5.7% | 2025 | down 24.3% | volatile |
| 55 | Marshall Islands | 5.7% | 2025 | up 284.6% | volatile |
| 56 | Zambia | 5.6% | 2025 | down 15.5% | volatile |
| 57 | Guam | 5.5% | 2022 | up 59.3% | volatile |
| 58 | Peru | 5.4% | 2025 | up 102.4% | volatile |
| 59 | Colombia | 5.4% | 2025 | up 121.4% | volatile |
| 60 | Tunisia | 5.2% | 2025 | up 24.2% | volatile |
| 61 | Uganda | 5.2% | 2025 | up 0.3% | volatile |
| 62 | Tanzania | 5.1% | 2025 | down 32.5% | volatile |
| 63 | United States Virgin Islands | 5.0% | 2022 | down 63.1% | volatile |
| 64 | Solomon Islands | 5.0% | 2025 | up 48.5% | volatile |
| 65 | Saint Vincent and the Grenadines | 4.9% | 2025 | up 769.2% | volatile |
| 66 | Bermuda | 4.9% | 2024 | up 62.8% | volatile |
| 67 | Russia | 4.9% | 2025 | down 33.1% | volatile |
| 68 | Jamaica | 4.8% | 2025 | down 61.5% | volatile |
| 69 | Tajikistan | 4.8% | 2025 | down 30.6% | volatile |
| 70 | Croatia | 4.7% | 2025 | up 3,672.5% | volatile |
| 71 | Georgia | 4.6% | 2025 | down 13.8% | volatile |
| 72 | Mexico | 4.6% | 2025 | up 43.6% | volatile |
| 73 | North Macedonia | 4.6% | 2025 | up 131.0% | volatile |
| 74 | Djibouti | 4.6% | 2025 | up 163.5% | volatile |
| 75 | Liberia | 4.5% | 2025 | up 7,108.0% | volatile |
| 76 | Serbia | 4.5% | 2025 | up 107.0% | volatile |
| 77 | Dominican Republic | 4.5% | 2025 | up 87.7% | volatile |
| 78 | Mongolia | 4.4% | 2025 | up 614.3% | volatile |
| 79 | Uruguay | 4.3% | 2025 | down 56.0% | volatile |
| 80 | Guinea-Bissau | 4.3% | 2025 | down 70.2% | volatile |
| 81 | Comoros | 4.3% | 2025 | up 923.4% | volatile |
| 82 | Pakistan | 4.3% | 2025 | down 3.6% | volatile |
| 83 | Slovakia | 4.2% | 2025 | up 2,354.7% | volatile |
| 84 | Aruba | 4.1% | 2024 | up 375.8% | volatile |
| 85 | Montenegro | 4.0% | 2025 | up 76.2% | volatile |
| 86 | Nauru | 4.0% | 2025 | up 146.3% | volatile |
| 87 | Portugal | 3.9% | 2025 | up 99.9% | volatile |
| 88 | Mauritius | 3.9% | 2025 | up 166.9% | volatile |
| 89 | Estonia | 3.8% | 2025 | up 194.2% | volatile |
| 90 | United Kingdom | 3.7% | 2025 | up 451.9% | volatile |
| 91 | Sri Lanka | 3.7% | 2025 | up 22.3% | volatile |
| 92 | Lithuania | 3.6% | 2025 | up 161,441.0% | volatile |
| 93 | Botswana | 3.6% | 2025 | down 2.8% | volatile |
| 94 | Latvia | 3.6% | 2025 | up 836.7% | volatile |
| 95 | New Zealand | 3.6% | 2025 | up 154.5% | volatile |
| 96 | Armenia | 3.6% | 2025 | up 194.1% | volatile |
| 97 | Czechia | 3.5% | 2025 | up 184.5% | volatile |
| 98 | Kenya | 3.5% | 2025 | down 62.2% | volatile |
| 99 | Senegal | 3.5% | 2025 | up 225.9% | volatile |
| 100 | Cambodia | 3.5% | 2025 | up 12.9% | volatile |
| 101 | Slovenia | 3.5% | 2025 | up 298.3% | volatile |
| 102 | Japan | 3.4% | 2025 | up 65.1% | volatile |
| 103 | Guatemala | 3.4% | 2025 | up 51.8% | volatile |
| 104 | Mauritania | 3.4% | 2025 | up 170.4% | volatile |
| 105 | Vietnam | 3.3% | 2025 | up 294.1% | volatile |
| 106 | Curacao | 3.3% | 2024 | up 122.3% | volatile |
| 107 | Netherlands | 3.3% | 2025 | up 273.7% | volatile |
| 108 | Maldives | 3.3% | 2025 | down 55.7% | volatile |
| 109 | Luxembourg | 3.2% | 2025 | up 44.9% | volatile |
| 110 | Cote d'Ivoire | 3.2% | 2025 | down 32.7% | volatile |
| 111 | Micronesia (country) | 3.2% | 2025 | up 159.1% | volatile |
| 112 | Isle of Man | 3.2% | 2023 | up 108.4% | volatile |
| 113 | Bhutan | 3.2% | 2025 | down 1.7% | volatile |
| 114 | Austria | 3.2% | 2025 | up 37.6% | volatile |
| 115 | South Korea | 3.1% | 2025 | down 3.2% | volatile |
| 116 | Paraguay | 3.1% | 2025 | up 92.2% | volatile |
| 117 | Nepal | 3.1% | 2025 | down 30.5% | volatile |
| 118 | Bosnia and Herzegovina | 3.0% | 2025 | up 116.0% | volatile |
| 119 | Germany | 3.0% | 2025 | up 72.5% | volatile |
| 120 | Lesotho | 3.0% | 2025 | down 70.6% | volatile |
| 121 | Antigua and Barbuda | 3.0% | 2025 | up 6.5% | volatile |
| 122 | Tonga | 3.0% | 2025 | down 43.1% | volatile |
| 123 | Spain | 2.9% | 2025 | up 427.6% | volatile |
| 124 | Poland | 2.9% | 2025 | up 120.2% | volatile |
| 125 | Cameroon | 2.8% | 2025 | up 814.4% | volatile |
| 127 | Northern Mariana Islands | 2.8% | 2022 | up 85.8% | volatile |
| 128 | United States | 2.8% | 2025 | up 201.8% | volatile |
| 129 | South Africa | 2.8% | 2025 | down 49.7% | volatile |
| 130 | Greece | 2.8% | 2025 | up 1,689.0% | volatile |
| 131 | Barbados | 2.7% | 2025 | up 163.6% | volatile |
| 132 | Palestine | 2.7% | 2025 | up 173.3% | volatile |
| 133 | Saint Kitts and Nevis | 2.7% | 2025 | up 1,818.8% | volatile |
| 134 | Sierra Leone | 2.7% | 2025 | down 26.0% | volatile |
| 135 | Andorra | 2.6% | 2025 | up 298.9% | volatile |
| 136 | Seychelles | 2.6% | 2025 | up 359.4% | volatile |
| 137 | Saint Lucia | 2.6% | 2025 | down 21.0% | volatile |
| 138 | Belgium | 2.6% | 2025 | up 127.9% | volatile |
| 139 | Canada | 2.6% | 2025 | up 394.2% | volatile |
| 140 | Cayman Islands | 2.4% | 2024 | up 171.0% | volatile |
| 141 | Monaco | 2.4% | 2024 | up 306.7% | volatile |
| 142 | Indonesia | 2.4% | 2025 | down 40.5% | volatile |
| 143 | Central African Republic | 2.3% | 2025 | down 13.5% | volatile |
| 144 | Puerto Rico | 2.3% | 2025 | up 17.5% | volatile |
| 145 | Australia | 2.3% | 2025 | up 467.8% | volatile |
| 146 | Jordan | 2.2% | 2025 | up 10.0% | volatile |
| 147 | Vanuatu | 2.2% | 2025 | down 60.5% | volatile |
| 148 | Malta | 2.2% | 2025 | down 48.1% | volatile |
| 149 | Mali | 2.1% | 2025 | down 24.9% | volatile |
| 150 | Morocco | 2.1% | 2025 | down 33.8% | volatile |
| 151 | Israel | 2.1% | 2025 | down 11.3% | volatile |
| 152 | Fiji | 2.0% | 2025 | down 21.0% | volatile |
| 153 | Faroe Islands | 2.0% | 2024 | down 25.3% | volatile |
| 154 | Italy | 2.0% | 2025 | up 154.7% | volatile |
| 155 | Trinidad and Tobago | 2.0% | 2025 | up 122.1% | volatile |
| 156 | Dominica | 2.0% | 2025 | down 64.1% | volatile |
| 157 | Greenland | 1.9% | 2023 | up 74.6% | volatile |
| 158 | French Polynesia | 1.8% | 2024 | up 35.9% | volatile |
| 159 | Tuvalu | 1.8% | 2025 | down 58.1% | volatile |
| 160 | Cape Verde | 1.7% | 2025 | up 7.6% | volatile |
| 161 | Denmark | 1.7% | 2025 | up 307.2% | volatile |
| 162 | United Arab Emirates | 1.6% | 2024 | up 289.7% | volatile |
| 163 | Benin | 1.6% | 2025 | up 82.1% | volatile |
| 164 | Sint Maarten (Dutch part) | 1.5% | 2025 | down 61.4% | volatile |
| 165 | Ecuador | 1.5% | 2025 | up 127.1% | volatile |
| 166 | Finland | 1.5% | 2025 | down 9.2% | volatile |
| 167 | Albania | 1.4% | 2025 | up 87.3% | volatile |
| 168 | Philippines | 1.4% | 2025 | up 299.3% | volatile |
| 169 | Norway | 1.4% | 2025 | up 154.5% | volatile |
| 170 | El Salvador | 1.3% | 2025 | down 1.7% | volatile |
| 171 | Sweden | 1.2% | 2025 | down 45.5% | volatile |
| 172 | France | 1.2% | 2025 | up 3.7% | volatile |
| 173 | New Caledonia | 1.1% | 2024 | down 59.4% | volatile |
| 174 | Cyprus | 1.1% | 2025 | up 247.5% | volatile |
| 175 | Belize | 1.1% | 2025 | up 657.7% | volatile |
| 176 | Hong Kong | 1.0% | 2025 | down 71.9% | volatile |
| 177 | Ireland | 1.0% | 2025 | down 88.6% | volatile |
| 178 | India | 1.0% | 2025 | down 57.3% | volatile |
| 179 | Palau | 1.0% | 2025 | down 84.7% | volatile |
| 180 | Togo | 0.8% | 2025 | down 61.5% | volatile |
| 181 | Turks and Caicos Islands | 0.8% | 2024 | down 56.9% | volatile |
| 182 | Algeria | 0.8% | 2025 | up 115.7% | volatile |
| 183 | Grenada | 0.7% | 2025 | down 76.1% | volatile |
| 184 | Azerbaijan | 0.6% | 2025 | up 106.5% | volatile |
| 185 | Macao | 0.5% | 2025 | down 89.9% | volatile |
| 186 | Bahamas | 0.3% | 2024 | down 93.5% | volatile |
| 187 | Switzerland | 0.3% | 2025 | up 121.4% | volatile |
| 188 | Bahrain | 0.2% | 2025 | up 102.6% | volatile |
| 189 | Panama | 0.2% | 2025 | down 93.6% | volatile |
| 190 | Kiribati | 0.0% | 2025 | down 99.7% | volatile |
| 191 | Oman | -0.1% | 2025 | up 99.5% | volatile |
| 192 | Malaysia | -0.4% | 2025 | down 136.9% | volatile |
| 193 | Eswatini | -0.4% | 2025 | down 108.5% | volatile |
| 194 | Costa Rica | -0.5% | 2025 | down 113.5% | volatile |
| 195 | Thailand | -0.9% | 2025 | down 220.5% | volatile |
| 196 | China | -0.9% | 2025 | down 785.2% | volatile |
| 197 | Mozambique | -1.0% | 2025 | down 114.5% | volatile |
| 198 | Equatorial Guinea | -1.4% | 2025 | up 93.2% | volatile |
| 199 | Niger | -1.6% | 2025 | down 171.1% | volatile |
| 200 | Singapore | -1.8% | 2025 | down 158.5% | volatile |
| 201 | Chad | -2.0% | 2025 | up 72.0% | volatile |
| 202 | Saudi Arabia | -2.6% | 2025 | up 83.8% | volatile |
| 203 | Qatar | -3.2% | 2025 | up 87.5% | volatile |
| 204 | Congo | -3.4% | 2025 | up 80.2% | volatile |
| 205 | Libya | -3.9% | 2025 | up 44.1% | volatile |
| 206 | Gabon | -4.0% | 2025 | up 55.6% | volatile |
| 207 | East Timor | -4.7% | 2025 | down 165.1% | volatile |
| 208 | Brunei | -4.7% | 2025 | up 73.1% | volatile |
| 209 | Kuwait | -5.0% | 2025 | up 80.9% | volatile |
| 210 | Iraq | -7.0% | 2025 | up 75.5% | volatile |
| 211 | Guyana | -7.9% | 2025 | down 364.0% | volatile |
| 212 | Afghanistan | -8.3% | 2024 | down 1,564.9% | volatile |
| 213 | Liechtenstein | -9.9% | 2009 | down 1,308.6% | volatile |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Channel Islands 5.8%
- Kosovo 2.8%
- Low income 6.3%
- Africa Eastern and Southern 5.8%
- Heavily indebted poor countries (HIPC) 5.1%
- Lower middle income 5.0%
- Latin America & Caribbean (excluding high income) 4.9%
- Least developed countries: UN classification 4.8%
- Europe & Central Asia (IDA & IBRD countries) 4.8%
- Europe & Central Asia (excluding high income) 4.7%
- IDA only 4.6%
- Latin America & the Caribbean (IDA & IBRD countries) 4.3%
About this data
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.