Inflation, GDP deflator: linked series (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. This series has been linked to produce a consistent time series to...
Countries reporting
211
Highest
227.1%
Venezuela
Lowest
-9.9%
Liechtenstein
Median
3.3%
Years covered
36
1990–2025
Data points
7,277
What the numbers show
Inflation, GDP deflator: linked series (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: linked series: 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% | falling |
| 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% | rising |
| 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% | falling |
| 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% | rising |
| 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 27.8% | 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 58.5% | 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% | falling |
| 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% | falling |
| 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% | falling |
| 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%
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. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.