Of the economies in the World Bank's latest release, Venezuela, RB has the highest inflation, GDP deflator (annual % growth) (227.09% in 2025) and Afghanistan the lowest (-8.31% in 2024). The world figure is 3.33% (2025).
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.
Each country's latest available year is shown; countries report on different schedules, so compare years before comparing values.
Ranking
| # | Economy | Latest value | Year |
|---|---|---|---|
| 1 | Venezuela, RB | 227.09% | 2025 |
| 2 | Syrian Arab Republic | 107.38% | 2022 |
| 3 | Zimbabwe | 83.12% | 2025 |
| 4 | Sudan | 65.91% | 2025 |
| 5 | Lebanon | 45.16% | 2024 |
| 6 | Argentina | 39.09% | 2025 |
| 7 | Türkiye | 36.43% | 2025 |
| 8 | Haiti | 34.39% | 2025 |
| 9 | Cuba | 32.22% | 2024 |
| 10 | Malawi | 30.37% | 2025 |
| 11 | Iran, Islamic Rep. | 28.78% | 2025 |
| 12 | Egypt, Arab Rep. | 24.96% | 2025 |
| 13 | Angola | 20.49% | 2025 |
| 14 | Bolivia | 19.91% | 2025 |
| 15 | Burundi | 18.22% | 2025 |
| 16 | Ethiopia | 16.68% | 2025 |
| 17 | Yemen, Rep. | 14.85% | 2018 |
| 18 | Ukraine | 14.47% | 2025 |
| 19 | Ghana | 14.43% | 2025 |
| 20 | American Samoa | 14.15% | 2022 |
| 21 | Nigeria | 13.86% | 2025 |
| 22 | Suriname | 12.99% | 2025 |
| 23 | Somalia, Fed. Rep. | 12.88% | 2025 |
| 24 | Myanmar | 12.52% | 2025 |
| 25 | Kyrgyz Republic | 12.4% | 2025 |
| 26 | São Tomé and Principe | 11.94% | 2025 |
| 27 | Uzbekistan | 11.85% | 2025 |
| 28 | Belarus | 10.92% | 2025 |
| 29 | Kazakhstan | 9.61% | 2025 |
| 30 | Burkina Faso | 8.84% | 2025 |
| 31 | Madagascar | 8.38% | 2025 |
| 32 | Romania | 8.2% | 2025 |
| 33 | Honduras | 8.02% | 2025 |
| 34 | Gambia, The | 7.89% | 2025 |
| 35 | Congo, Dem. Rep. | 7.8% | 2025 |
| 36 | Nicaragua | 7.6% | 2025 |
| 37 | Lao PDR | 7.55% | 2025 |
| 38 | Bulgaria | 7.41% | 2025 |
| 39 | San Marino | 7.36% | 2023 |
| 40 | Rwanda | 7.35% | 2025 |
| 41 | Iceland | 6.87% | 2025 |
| 42 | Papua New Guinea | 6.87% | 2025 |
| 43 | Chile | 6.8% | 2025 |
| 44 | Moldova | 6.56% | 2025 |
| 45 | Bangladesh | 6.52% | 2025 |
| 46 | Hungary | 6.27% | 2025 |
| 47 | Guinea | 6.19% | 2025 |
| 48 | Samoa | 6.17% | 2025 |
| 49 | Namibia | 6.06% | 2025 |
| 50 | Turkmenistan | 6.02% | 2025 |
| 51 | Channel Islands | 5.75% | 2023 |
| 52 | Brazil | 5.73% | 2025 |
| 53 | Marshall Islands | 5.66% | 2025 |
| 54 | Zambia | 5.63% | 2025 |
| 55 | Guam | 5.47% | 2022 |
| 56 | Peru | 5.44% | 2025 |
| 57 | Colombia | 5.42% | 2025 |
| 58 | Tunisia | 5.23% | 2025 |
| 59 | Uganda | 5.2% | 2025 |
| 60 | Tanzania | 5.12% | 2025 |
| 61 | Virgin Islands (US) | 5.04% | 2022 |
| 62 | Solomon Islands | 4.99% | 2025 |
| 63 | St. Vincent and the Grenadines | 4.91% | 2025 |
| 64 | Bermuda | 4.9% | 2024 |
| 65 | Russian Federation | 4.85% | 2025 |
| 66 | Jamaica | 4.8% | 2025 |
| 67 | Tajikistan | 4.77% | 2025 |
| 68 | Croatia | 4.67% | 2025 |
| 69 | Georgia | 4.64% | 2025 |
| 70 | Mexico | 4.63% | 2025 |
| 71 | North Macedonia | 4.63% | 2025 |
| 72 | Djibouti | 4.58% | 2025 |
| 73 | Liberia | 4.52% | 2025 |
| 74 | Serbia | 4.49% | 2025 |
| 75 | Dominican Republic | 4.47% | 2025 |
| 76 | Mongolia | 4.36% | 2025 |
| 77 | Uruguay | 4.33% | 2025 |
| 78 | Guinea-Bissau | 4.32% | 2025 |
| 79 | Comoros | 4.3% | 2025 |
| 80 | Pakistan | 4.28% | 2025 |
| 81 | Slovak Republic | 4.19% | 2025 |
| 82 | Aruba | 4.14% | 2024 |
| 83 | Montenegro | 4.03% | 2025 |
| 84 | Naoero | 4.02% | 2025 |
| 85 | Portugal | 3.92% | 2025 |
| 86 | Mauritius | 3.92% | 2025 |
| 87 | Estonia | 3.84% | 2025 |
| 88 | United Kingdom | 3.69% | 2025 |
| 89 | Sri Lanka | 3.69% | 2025 |
| 90 | Lithuania | 3.63% | 2025 |
| 91 | Botswana | 3.63% | 2025 |
| 92 | Latvia | 3.62% | 2025 |
| 93 | New Zealand | 3.62% | 2025 |
| 94 | Armenia | 3.57% | 2025 |
| 95 | Czechia | 3.51% | 2025 |
| 96 | Kenya | 3.49% | 2025 |
| 97 | Senegal | 3.49% | 2025 |
| 98 | Cambodia | 3.47% | 2025 |
| 99 | Slovenia | 3.45% | 2025 |
| 100 | Japan | 3.42% | 2025 |
| 101 | Guatemala | 3.39% | 2025 |
| 102 | Mauritania | 3.38% | 2025 |
| 103 | Viet Nam | 3.33% | 2025 |
| 104 | Curaçao | 3.33% | 2024 |
| 105 | Netherlands | 3.32% | 2025 |
| 106 | Maldives | 3.29% | 2025 |
| 107 | Luxembourg | 3.22% | 2025 |
| 108 | Côte d'Ivoire | 3.21% | 2025 |
| 109 | Micronesia, Fed. Sts. | 3.2% | 2025 |
| 110 | Isle of Man | 3.2% | 2023 |
| 111 | Bhutan | 3.16% | 2025 |
| 112 | Austria | 3.15% | 2025 |
| 113 | Korea, Rep. | 3.13% | 2025 |
| 114 | Paraguay | 3.08% | 2025 |
| 115 | Nepal | 3.07% | 2025 |
| 116 | Bosnia and Herzegovina | 3.01% | 2025 |
| 117 | Germany | 3.01% | 2025 |
| 118 | Lesotho | 3% | 2025 |
| 119 | Antigua and Barbuda | 2.98% | 2025 |
| 120 | Tonga | 2.96% | 2025 |
| 121 | Spain | 2.91% | 2025 |
| 122 | Poland | 2.91% | 2025 |
| 123 | Cameroon | 2.83% | 2025 |
| 124 | Kosovo | 2.81% | 2025 |
| 125 | Northern Mariana Islands | 2.8% | 2022 |
| 126 | United States | 2.8% | 2025 |
| 127 | South Africa | 2.79% | 2025 |
| 128 | Greece | 2.78% | 2025 |
| 129 | Barbados | 2.74% | 2025 |
| 130 | West Bank and Gaza | 2.72% | 2025 |
| 131 | St. Kitts and Nevis | 2.69% | 2025 |
| 132 | Sierra Leone | 2.67% | 2025 |
| 133 | Andorra | 2.63% | 2025 |
| 134 | Seychelles | 2.6% | 2025 |
| 135 | St. Lucia | 2.56% | 2025 |
| 136 | Belgium | 2.56% | 2025 |
| 137 | Canada | 2.55% | 2025 |
| 138 | Cayman Islands | 2.4% | 2024 |
| 139 | Monaco | 2.39% | 2024 |
| 140 | Indonesia | 2.37% | 2025 |
| 141 | Central African Republic | 2.34% | 2025 |
| 142 | Puerto Rico (US) | 2.32% | 2025 |
| 143 | Australia | 2.31% | 2025 |
| 144 | Jordan | 2.21% | 2025 |
| 145 | Vanuatu | 2.19% | 2025 |
| 146 | Malta | 2.18% | 2025 |
| 147 | Mali | 2.12% | 2025 |
| 148 | Morocco | 2.1% | 2025 |
| 149 | Israel | 2.09% | 2025 |
| 150 | Fiji | 2% | 2025 |
| 151 | Faroe Islands | 2% | 2024 |
| 152 | Italy | 1.99% | 2025 |
| 153 | Trinidad and Tobago | 1.99% | 2025 |
| 154 | Dominica | 1.97% | 2025 |
| 155 | Greenland | 1.86% | 2023 |
| 156 | French Polynesia | 1.85% | 2024 |
| 157 | Tuvalu | 1.82% | 2025 |
| 158 | Cabo Verde | 1.74% | 2025 |
| 159 | Denmark | 1.67% | 2025 |
| 160 | United Arab Emirates | 1.63% | 2024 |
| 161 | Benin | 1.55% | 2025 |
| 162 | Sint Maarten (Dutch part) | 1.55% | 2025 |
| 163 | Ecuador | 1.48% | 2025 |
| 164 | Finland | 1.48% | 2025 |
| 165 | Albania | 1.45% | 2025 |
| 166 | Philippines | 1.43% | 2025 |
| 167 | Norway | 1.41% | 2025 |
| 168 | El Salvador | 1.29% | 2025 |
| 169 | Sweden | 1.23% | 2025 |
| 170 | France | 1.18% | 2025 |
| 171 | New Caledonia | 1.13% | 2024 |
| 172 | Cyprus | 1.11% | 2025 |
| 173 | Belize | 1.06% | 2025 |
| 174 | Hong Kong SAR, China | 1.02% | 2025 |
| 175 | Ireland | 1.02% | 2025 |
| 176 | India | 0.97% | 2025 |
| 177 | Palau | 0.96% | 2025 |
| 178 | Togo | 0.85% | 2025 |
| 179 | Turks and Caicos Islands | 0.83% | 2024 |
| 180 | Algeria | 0.78% | 2025 |
| 181 | Grenada | 0.66% | 2025 |
| 182 | Azerbaijan | 0.57% | 2025 |
| 183 | Macao SAR, China | 0.46% | 2025 |
| 184 | Bahamas, The | 0.29% | 2024 |
| 185 | Switzerland | 0.29% | 2025 |
| 186 | Bahrain | 0.23% | 2025 |
| 187 | Panama | 0.19% | 2025 |
| 188 | Kiribati | 0.00876% | 2025 |
| 189 | Oman | -0.09% | 2025 |
| 190 | Malaysia | -0.45% | 2025 |
| 191 | Eswatini | -0.45% | 2025 |
| 192 | Costa Rica | -0.54% | 2025 |
| 193 | Thailand | -0.87% | 2025 |
| 194 | China | -0.92% | 2025 |
| 195 | Mozambique | -1.02% | 2025 |
| 196 | Equatorial Guinea | -1.38% | 2025 |
| 197 | Niger | -1.6% | 2025 |
| 198 | Singapore | -1.8% | 2025 |
| 199 | Chad | -1.96% | 2025 |
| 200 | Saudi Arabia | -2.57% | 2025 |
| 201 | Qatar | -3.15% | 2025 |
| 202 | Congo, Rep. | -3.42% | 2025 |
| 203 | Libya | -3.94% | 2025 |
| 204 | Gabon | -3.96% | 2025 |
| 205 | Timor-Leste | -4.69% | 2025 |
| 206 | Brunei Darussalam | -4.74% | 2025 |
| 207 | Kuwait | -4.97% | 2025 |
| 208 | Iraq | -7.03% | 2025 |
| 209 | Guyana | -7.93% | 2025 |
| 210 | Afghanistan | -8.31% | 2024 |
Regions and income groups
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Reading data like this
Source
World Bank, World Development Indicators, NY.GDP.DEFL.KD.ZG, CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) View on data.worldbank.org; the full definition is in the World Bank's metadata glossary.
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