Inflation, GDP deflator: linked series in Japan

Japan: Inflation, GDP deflator: linked series was 3.4% in 2025. ◆ Volatile

Latest (2025)
3.4%
Change on year
up 6.9%
World rank
102nd
of 213 countries
All-time high
4.6%
in 2023
All-time low
-1.9%
in 2010
Years of data
36
1990–2025

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

-20241990200720251990: 2.5 annual %1991: 3 annual %1992: 1.7 annual %1993: 0.588 annual %1994: 0.276 annual %1995: -0.642 annual %1996: -0.101 annual %1997: 0.079 annual %1998: -0.181 annual %1999: -1.3 annual %2000: -1.2 annual %2001: -1 annual %2002: -1.4 annual %2003: -1.8 annual %2004: -1.3 annual %2005: -1.3 annual %2006: -0.94 annual %2007: -0.971 annual %2008: -0.903 annual %2009: -0.465 annual %2010: -1.9 annual %2011: -1.6 annual %2012: -0.791 annual %2013: -0.178 annual %2014: 1.7 annual %2015: 2.1 annual %2016: 0.585 annual %2017: 0.022 annual %2018: -0.119 annual %2019: 0.783 annual %2020: 1.2 annual %2021: -0.044 annual %2022: 0.636 annual %2023: 4.6 annual %2024: 3.2 annual %2025: 3.4 annual %

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

Analysis

The most recent figure for inflation, gdp deflator: linked series in Japan is 3.4%, measured in 2025.

That represents a change of up 6.9% on the previous year and up 65.1% over ten years.

Over the whole period, inflation, gdp deflator: linked series in Japan peaked at 4.6% in 2023 and was at its lowest, -1.9%, in 2010.

That places Japan 102nd out of 213 countries with data for 2025, putting it in the middle of the range.

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

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.6% -1.3% 3.0% 10
2000s -1.1% -1.8% -0.5% 10
2010s 0.1% -1.9% 2.1% 10
2020s 2.2% -0.0% 4.6% 6

Countries ranked near Japan

  1. 99 Senegal 3.5% compare
  2. 100 Cambodia 3.5% compare
  3. 101 Slovenia 3.5% compare
  4. 103 Guatemala 3.4% compare
  5. 104 Mauritania 3.4% compare
  6. 105 Vietnam 3.3% compare

See the full ranking of 213 places →

More financial sector data for Japan

All data for Japan →

Frequently asked questions

What is inflation, gdp deflator: linked series in Japan?
Inflation, gdp deflator: linked series in Japan was 3.4% in 2025, according to Staff estimates, World Bank (WB).
What is the highest inflation, gdp deflator: linked series recorded in Japan?
The highest recorded value was 4.6% in 2023.
What is the lowest inflation, gdp deflator: linked series recorded in Japan?
The lowest recorded value was -1.9% in 2010.
How does Japan rank for inflation, gdp deflator: linked series?
Japan ranks 102nd out of 213 countries with data for 2025.
Is inflation, gdp deflator: linked series rising or falling in Japan?
Over the last ten years it is up 65.1%. The long-run trend across the full record is volatile.
Where does this Japan 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.