Inflation, GDP deflator: linked series in China

China: Inflation, GDP deflator: linked series was -0.9% in 2025. ◆ Volatile

Latest (2025)
-0.9%
Change on year
down 20.7%
World rank
196th
of 213 countries
All-time high
20.6%
in 1994
All-time low
-1.2%
in 1999
Years of data
36
1990–2025

Inflation, GDP deflator: linked series in China, 1990–2025

051015201990200720251990: 5.7 annual %1991: 6.7 annual %1992: 8.2 annual %1993: 15.2 annual %1994: 20.6 annual %1995: 13.7 annual %1996: 6.5 annual %1997: 1.6 annual %1998: -0.829 annual %1999: -1.2 annual %2000: 2.1 annual %2001: 2.2 annual %2002: 0.649 annual %2003: 2.6 annual %2004: 7 annual %2005: 3.8 annual %2006: 4 annual %2007: 7.9 annual %2008: 7.9 annual %2009: -0.085 annual %2010: 6.9 annual %2011: 8 annual %2012: 2.4 annual %2013: 2.3 annual %2014: 1.1 annual %2015: 0.135 annual %2016: 1.5 annual %2017: 4.1 annual %2018: 3.5 annual %2019: 1.3 annual %2020: 0.531 annual %2021: 4.5 annual %2022: 1.9 annual %2023: -0.507 annual %2024: -0.764 annual %2025: -0.922 annual %

Source: Staff estimates, World Bank (WB). Measured in annual %.

Analysis

In 2025, inflation, gdp deflator: linked series in China stood at -0.9%.

That represents a change of down 20.7% on the previous year and down 785.2% over ten years.

Over the whole period, inflation, gdp deflator: linked series in China peaked at 20.6% in 1994 and was at its lowest, -1.2%, in 1999.

That places China 196th out of 213 countries with data for 2025, putting it in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1990s 7.6% -1.2% 20.6% 10
2000s 3.8% -0.1% 7.9% 10
2010s 3.1% 0.1% 8.0% 10
2020s 0.8% -0.9% 4.5% 6

Countries ranked near China

  1. 193 Eswatini -0.4% compare
  2. 194 Costa Rica -0.5% compare
  3. 195 Thailand -0.9% compare
  4. 197 Mozambique -1.0% compare
  5. 198 Equatorial Guinea -1.4% compare
  6. 199 Niger -1.6% compare

See the full ranking of 213 places →

More financial sector data for China

All data for China →

Frequently asked questions

What is inflation, gdp deflator: linked series in China?
Inflation, gdp deflator: linked series in China was -0.9% in 2025, according to Staff estimates, World Bank (WB).
What is the highest inflation, gdp deflator: linked series recorded in China?
The highest recorded value was 20.6% in 1994.
What is the lowest inflation, gdp deflator: linked series recorded in China?
The lowest recorded value was -1.2% in 1999.
How does China rank for inflation, gdp deflator: linked series?
China ranks 196th out of 213 countries with data for 2025.
Is inflation, gdp deflator: linked series rising or falling in China?
Over the last ten years it is down 785.2%. The long-run trend across the full record is volatile.
Where does this China data come from?
The figures come from Staff estimates, World Bank (WB), published as part of Inflation, GDP deflator: linked series (annual %). Statizoid updates them automatically from the source API.

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CSV · JSON — 36 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Inflation, GDP deflator: linked series (annual %)
Unit
annual %
Source
Staff estimates, World Bank (WB)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
213 places, 7,277 data points, 1990–2025
Last refreshed

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.