Argentina: Inflation, GDP deflator (annual % growth)

Key figures

What the numbers say

In 2025, Argentina's inflation, GDP deflator (annual % growth) fell 168.52 percentage points on 2024 (from 207.61% to 39.09%).

Across the 30 yearly changes before that (1995 to 2024), the average change was +6.83 percentage points and a typical year strayed about 20.05 percentage points from that (the standard deviation). This year's change was 8.7 standard deviations below that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 2,664.84 percentage points in 1989 and the biggest yearly fall was 1,937.81 percentage points in 1991. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 the straight-line trend is upward, about 10.91 percentage points a year. A straight line explains 33% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2025, Argentina had the 5th highest value of the 186 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Argentina in the 2025 ranking

• Venezuela, RB — 1st of 186: 227.09%
• Zimbabwe — 2nd of 186: 83.12%
• Sudan — 3rd of 186: 65.91%
• Türkiye — 5th of 186: 36.43%
• Haiti — 6th of 186: 34.39%
• Malawi — 7th of 186: 30.37%

What this measures

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.

Regional and income-group figures are computed by the World Bank as a median.

All 65 values

Inflation, GDP deflator (annual % growth) in nearby economies

• Antigua and Barbuda — 2.98% (2025)
• Aruba — 4.14% (2024)
• Bahamas, The — 0.29% (2024)
• Barbados — 2.74% (2025)
• Belize — 1.06% (2025)
• Bolivia — 19.91% (2025)
• Brazil — 5.73% (2025)
• Cayman Islands — 2.4% (2024)
• Chile — 6.8% (2025)
• Colombia — 5.42% (2025)

More financial sector data for Argentina

• Domestic credit to private sector by banks (% of GDP) — 15.83% (2025)
• Monetary sector credit to private sector (% of GDP) — 15.83% (2025)
• Broad money (current LCU) — 222.74 trillion (2025)
• Broad money (% of GDP) — 26.28% (2025)
• Broad money to total reserves ratio — 4.38 (2025)
• Claims on central government, etc. (% of GDP) — 23% (2025)
• GDP deflator (base year varies by country) — 114,690 (2025)
• DEC alternative conversion factor (LCU per US$) — US$1,241 (2025)
• Claims on central government (annual growth as % of broad money) — 36.7% (2025)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Argentina's inflation, GDP deflator (annual % growth)?

39.09% in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1961?

It is up 18.78 percentage points from 20.31% in 1961. The highest value was 3,046% in 1989 and the lowest -3.56% in 1993.

How does Argentina rank?

5th highest of 186 economies with data for 2025.

Is the latest change in inflation, GDP deflator (annual % growth) unusual for Argentina?

In 2025, Argentina's inflation, GDP deflator (annual % growth) fell 168.52 percentage points on 2024 (from 207.61% to 39.09%). Across the 30 yearly changes before that (1995 to 2024), the average change was +6.83 percentage points and a typical year strayed about 20.05 percentage points from that (the standard deviation). This year's change was 8.7 standard deviations below that average, so it was unusually large compared with the rest of the record.

Source

World Bank, World Development Indicators, indicator NY.GDP.DEFL.KD.ZG, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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