Data / Rankings / Inflation, GDP deflator / Countries

Countries by inflation, GDP deflator, 2024

Zimbabwe had the highest inflation, GDP deflator of 199 countries in 2024, at 1,097.5%. Afghanistan had the lowest, at -8.3%. The median was 4.1% and the figure for the World was 4.1%. Source: the World Bank.

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Highest1,097.5Zimbabwe
Lowest-8.3Afghanistan
Median4.1199 countries
World4.1History

Map of countries, 2024

United Arab Emirates: 1.6 %Afghanistan: -8.3 %Antigua and Barbuda: 2.7 %Albania: 2.4 %Armenia: 1.4 %Angola: 27.9 %Argentina: 207.6 %Austria: 4.1 %Australia: 2.6 %Azerbaijan: -1.3 %Bosnia and Herzegovina: 4.3 %Bangladesh: 6.9 %Belgium: 1.9 %Burkina Faso: 9.7 %Bulgaria: 7.2 %Burundi: 18.6 %Benin: 1.6 %Brunei: -2.8 %Bolivia: 6 %Brazil: 4.1 %Bahamas: 0.3 %Bhutan: 4.7 %Botswana: 1.9 %Belarus: 12.2 %Belize: 1.4 %Canada: 2.7 %Democratic Republic of the Congo: 18 %Central African Republic: 6 %Republic of the Congo: 0.5 %Switzerland: 1 %Côte d’Ivoire: 1.7 %Chile: 7.1 %Cameroon: 5.4 %China: -0.8 %Colombia: 6.4 %Costa Rica: 0.5 %Cuba: 32.2 %Cape Verde: 1.4 %Cyprus: 3.1 %Czechia: 3.9 %Germany: 3.1 %Djibouti: -0.4 %Denmark: 1.5 %Dominican Republic: 4.3 %Algeria: 3.4 %Ecuador: 4.5 %Estonia: 4 %Egypt: 33.7 %Spain: 2.9 %Ethiopia: 25.5 %Finland: 0.7 %Fiji: 6.1 %Faroe Islands: 2 %France: 2.1 %Gabon: 4.2 %United Kingdom: 3.9 %Georgia: 4.9 %Ghana: 25.9 %Gambia: 5.8 %Guinea: 6.8 %Equatorial Guinea: 5.2 %Greece: 3.2 %Guatemala: 3.7 %Guinea-Bissau: 1.3 %Guyana: 1.4 %Hong Kong: 4.2 %Honduras: 4.7 %Croatia: 4.5 %Haiti: 21.3 %Hungary: 7.6 %Indonesia: 0.9 %Ireland: 4.5 %Israel: 5.6 %India: 2.5 %Iraq: 4.4 %Iran: 28.4 %Iceland: 6.1 %Italy: 2 %Jamaica: 4.9 %Jordan: 1.8 %Japan: 3.2 %Kenya: 3.2 %Kyrgyzstan: 6.4 %Cambodia: 2.3 %Kiribati: 13.1 %South Korea: 4.1 %Kuwait: -1.5 %Cayman Islands: 2.4 %Kazakhstan: 9 %Laos: 14 %Lebanon: 45.2 %Sri Lanka: 4.1 %Liberia: 4.7 %Lesotho: 6 %Lithuania: 3.2 %Luxembourg: 4.6 %Latvia: 2.8 %Libya: 8.5 %Morocco: 4 %Moldova: 6.4 %Montenegro: 4.8 %Madagascar: 7.4 %North Macedonia: 3.7 %Mali: 2.8 %Myanmar: 12 %Mongolia: 8.9 %Mauritania: 3.9 %Mauritius: 3.7 %Malawi: 24.6 %Mexico: 3.7 %Malaysia: 0.8 %Mozambique: 6.5 %Namibia: 4.3 %New Caledonia: 1.1 %Niger: 7.4 %Nigeria: 14.1 %Nicaragua: 7.3 %Netherlands: 5.7 %Norway: 0 %Nepal: 3.5 %New Zealand: 4.4 %Oman: -0.7 %Panama: 0.5 %Peru: 5.4 %French Polynesia: 1.8 %Papua New Guinea: 3.3 %Philippines: 2.9 %Pakistan: 22 %Poland: 3.8 %Puerto Rico: 3.1 %Palestine: 11.4 %Portugal: 4.9 %Palau: 3.9 %Paraguay: 2.8 %Qatar: -1.5 %Romania: 9.6 %Serbia: 6.3 %Russia: 10.7 %Rwanda: 8.1 %Saudi Arabia: 0.3 %Solomon Islands: 3.1 %Sudan: 243.9 %Sweden: 3 %Singapore: 5.9 %Slovenia: 3.5 %Slovakia: 3.4 %Sierra Leone: 10.5 %Senegal: -1.6 %Somalia: 8.4 %Suriname: 12.8 %El Salvador: 1.3 %Eswatini: 1.3 %Chad: 3.3 %Togo: 2.7 %Thailand: 0.9 %Tajikistan: 8.2 %Timor-Leste: -1.3 %Turkmenistan: 6.8 %Tunisia: 5 %Türkiye: 59.3 %Trinidad and Tobago: -0.1 %Tanzania: 3.6 %Ukraine: 12 %Uganda: 5 %United States: 2.5 %Uruguay: 4.2 %Uzbekistan: 14.1 %Venezuela: 55.4 %Vietnam: 4.2 %Vanuatu: 5.3 %Samoa: 8.4 %South Africa: 3.9 %Zambia: 14.4 %Zimbabwe: 1,097.5 %
  • Under 0
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%, 2024. Red areas are below zero and blue areas above it. Hatched areas have no value for this period. Source: World Bank, Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG). Boundaries: Natural Earth (public domain).

Top 40 countries, 2024

Zimbabwe: 1,097.5 %Zimbabwe1,097.5Sudan: 243.9 %Sudan243.9Argentina: 207.6 %Argentina207.6Türkiye: 59.3 %Türkiye59.3Venezuela: 55.4 %Venezuela55.4Lebanon: 45.2 %Lebanon45.2Egypt: 33.7 %Egypt33.7Cuba: 32.2 %Cuba32.2Iran: 28.4 %Iran28.4Angola: 27.9 %Angola27.9Ghana: 25.9 %Ghana25.9Ethiopia: 25.5 %Ethiopia25.5Malawi: 24.6 %Malawi24.6Pakistan: 22 %Pakistan22Haiti: 21.3 %Haiti21.3Burundi: 18.6 %Burundi18.6Democratic Republic of the Congo: 18 %Democratic Republic of the Congo18São Tomé and Príncipe: 17.7 %São Tomé and Príncipe17.7Zambia: 14.4 %Zambia14.4Nigeria: 14.1 %Nigeria14.1Uzbekistan: 14.1 %Uzbekistan14.1Laos: 14 %Laos14Kiribati: 13.1 %Kiribati13.1Suriname: 12.8 %Suriname12.8Belarus: 12.2 %Belarus12.2Myanmar: 12 %Myanmar12Ukraine: 12 %Ukraine12Palestine: 11.4 %Palestine11.4Russia: 10.7 %Russia10.7Sierra Leone: 10.5 %Sierra Leone10.5Burkina Faso: 9.7 %Burkina Faso9.7Romania: 9.6 %Romania9.6Tuvalu: 9.4 %Tuvalu9.4Kazakhstan: 9 %Kazakhstan9Mongolia: 8.9 %Mongolia8.9Libya: 8.5 %Libya8.5Somalia: 8.4 %Somalia8.4Samoa: 8.4 %Samoa8.4Tonga: 8.3 %Tonga8.3Tajikistan: 8.2 %Tajikistan8.2Zimbabwe: 1,097.5 %Zimbabwe1,097.5Sudan: 243.9 %Sudan243.9Argentina: 207.6 %Argentina207.6Türkiye: 59.3 %Türkiye59.3Venezuela: 55.4 %Venezuela55.4Lebanon: 45.2 %Lebanon45.2Egypt: 33.7 %Egypt33.7Cuba: 32.2 %Cuba32.2Iran: 28.4 %Iran28.4Angola: 27.9 %Angola27.9Ghana: 25.9 %Ghana25.9Ethiopia: 25.5 %Ethiopia25.5Malawi: 24.6 %Malawi24.6Pakistan: 22 %Pakistan22Haiti: 21.3 %Haiti21.3Burundi: 18.6 %Burundi18.6Democratic Republic of the Congo: 18 %Democratic Republic of the Congo18São Tomé and Príncipe: 17.7 %São Tomé and Príncipe17.7Zambia: 14.4 %Zambia14.4Nigeria: 14.1 %Nigeria14.1Uzbekistan: 14.1 %Uzbekistan14.1Laos: 14 %Laos14Kiribati: 13.1 %Kiribati13.1Suriname: 12.8 %Suriname12.8Belarus: 12.2 %Belarus12.2Myanmar: 12 %Myanmar12Ukraine: 12 %Ukraine12Palestine: 11.4 %Palestine11.4Russia: 10.7 %Russia10.7Sierra Leone: 10.5 %Sierra Leone10.5Burkina Faso: 9.7 %Burkina Faso9.7Romania: 9.6 %Romania9.6Tuvalu: 9.4 %Tuvalu9.4Kazakhstan: 9 %Kazakhstan9Mongolia: 8.9 %Mongolia8.9Libya: 8.5 %Libya8.5Somalia: 8.4 %Somalia8.4Samoa: 8.4 %Samoa8.4Tonga: 8.3 %Tonga8.3Tajikistan: 8.2 %Tajikistan8.2
%. Source: World Bank, Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG). Retrieved 2026-10-18.

Full ranking

RankCountries2024 (%)Change on 2023
1Zimbabwe1,097.5+329 pts
2Sudan243.9+214.2 pts
3Argentina207.6+70.9 pts
4Türkiye59.3-9 pts
5Venezuela55.4-312.3 pts
6Lebanon45.2-157.7 pts
7Egypt33.7+8.9 pts
8Cuba32.2-1.3 pts
9Iran28.4-8.9 pts
10Angola27.9+8.5 pts
11Ghana25.9-14.2 pts
12Ethiopia25.5-7.4 pts
13Malawi24.6-4.4 pts
14Pakistan22-4 pts
15Haiti21.3-9.3 pts
16Burundi18.6-0.5 pts
17Democratic Republic of the Congo18+6.7 pts
18São Tomé and Príncipe17.7-6.1 pts
19Zambia14.4+7.3 pts
20Nigeria14.1+3.2 pts
21Uzbekistan14.1+0.2 pts
22Laos14-10.4 pts
23Kiribati13.1+4.3 pts
24Suriname12.8-20.3 pts
25Belarus12.2+4.1 pts
26Myanmar12+1.3 pts
27Ukraine12-7.9 pts
28Palestine11.4+13.2 pts
29Russia10.7+4 pts
30Sierra Leone10.5-18.8 pts
31Burkina Faso9.7+7.8 pts
32Romania9.6-2.8 pts
33Tuvalu9.4+15.3 pts
34Kazakhstan9-0.5 pts
35Mongolia8.9-12.8 pts
36Libya8.5+16.1 pts
37Somalia8.4+3.9 pts
38Samoa8.4+1.6 pts
39Tonga8.3+0.8 pts
40Tajikistan8.2+4.5 pts
41Rwanda8.1-3.6 pts
42Hungary7.6-7.4 pts
43Madagascar7.4-1 pts
44Niger7.4+4 pts
45Nicaragua7.3-3.5 pts
46Bulgaria7.2-0.8 pts
47Chile7.1+0.6 pts
48Bangladesh6.9-0 pts
49Turkmenistan6.8+9.2 pts
50Guinea6.8+0.7 pts
51Mozambique6.5+1.4 pts
52Moldova6.4-2.9 pts
53Kyrgyzstan6.4-13.5 pts
54Colombia6.4-0.6 pts
55Serbia6.3-7.6 pts
56Comoros6.2-1.9 pts
57Micronesia6.2+0.7 pts
58Fiji6.1+3.4 pts
59Iceland6.1+0.6 pts
60Bolivia6+5.9 pts
61Central African Republic6+2.5 pts
62Lesotho6+5.7 pts
63Saint Kitts and Nevis6+1.6 pts
64Singapore5.9+10.4 pts
65Gambia5.8-7.9 pts
66Netherlands5.7-0.6 pts
67Israel5.6+1 pts
68Peru5.4-1.2 pts
69Cameroon5.4+1.9 pts
70Vanuatu5.3+4.7 pts
71Equatorial Guinea5.2+9 pts
72Nauru5.1+8.1 pts
73Tunisia5-2.2 pts
74Uganda5-1.8 pts
75Bermuda4.9-1.2 pts
76Portugal4.9-2.6 pts
77Jamaica4.9-6.5 pts
78Georgia4.9+1.9 pts
79Montenegro4.8-6.9 pts
80Honduras4.7-1.3 pts
81Bhutan4.7+0.3 pts
82Liberia4.7-0.2 pts
83Luxembourg4.6-2.3 pts
84Ireland4.5+1.1 pts
85Ecuador4.5+2.4 pts
86Marshall Islands4.5-3.4 pts
87Croatia4.5-8.4 pts
88New Zealand4.4+0.3 pts
89Iraq4.4+19.9 pts
90Bosnia and Herzegovina4.3-3 pts
91Namibia4.3-3.4 pts
92Dominican Republic4.3-1.5 pts
93Vietnam4.2+2 pts
94Gabon4.2+14.2 pts
95Uruguay4.2+0.1 pts
96Hong Kong4.2+1.3 pts
97Aruba4.1+1.3 pts
98Malta4.1-1.1 pts
99Sri Lanka4.1-12.7 pts
100Austria4.1-3.1 pts
101Brazil4.1-1.1 pts
102South Korea4.1+2 pts
103Estonia4-4.6 pts
104Morocco4-3.1 pts
105Palau3.9-6.3 pts
106United Kingdom3.9-2.4 pts
107South Africa3.9-0.8 pts
108Czechia3.9-4.7 pts
109Mauritania3.9+0.1 pts
110Poland3.8-6 pts
111Mexico3.7-0.9 pts
112Saint Vincent and the Grenadines3.7+0.8 pts
113Mauritius3.7-2.7 pts
114Guatemala3.7-2.8 pts
115North Macedonia3.7-4.2 pts
116Tanzania3.6+0.8 pts
117Nepal3.5-2.2 pts
118Sint Maarten3.5+1.5 pts
119Slovenia3.5-6.5 pts
120Slovakia3.4-6.6 pts
121Algeria3.4+2.4 pts
122Curaçao3.3+0.9 pts
123Chad3.3+7.1 pts
124Papua New Guinea3.3+7.6 pts
125Greece3.2-3.1 pts
126Japan3.2-1.4 pts
127Lithuania3.2-6.8 pts
128Kenya3.2-2.3 pts
129Cyprus3.1-2.5 pts
130Germany3.1-3.6 pts
131Puerto Rico3.1-0.2 pts
132Solomon Islands3.1+0.5 pts
133Maldives3.1+0.9 pts
134Sweden3-2.8 pts
135Seychelles2.9+1.5 pts
136Philippines2.9-1.7 pts
137Spain2.9-3.4 pts
138Mali2.8+0.8 pts
139Latvia2.8-7.9 pts
140Andorra2.8-3.5 pts
141Paraguay2.8+0.5 pts
142Canada2.7+1.2 pts
143Togo2.7-0.3 pts
144Antigua and Barbuda2.7-3.8 pts
145Australia2.6-3.9 pts
146United States2.5-1.2 pts
147India2.5-1 pts
148Cayman Islands2.4-1.4 pts
149Monaco2.4-2.6 pts
150Dominica2.4+0.3 pts
151Albania2.4-3.4 pts
152Cambodia2.3+1.3 pts
153France2.1-2.9 pts
154Faroe Islands2-0.9 pts
155Italy2-4.3 pts
156Botswana1.9+0.2 pts
157Belgium1.9-3.6 pts
158Saint Lucia1.9+0.6 pts
159French Polynesia1.8-1.4 pts
160Jordan1.8+0.2 pts
161Barbados1.8-1.3 pts
162Côte d’Ivoire1.7-2.2 pts
163United Arab Emirates1.6+3.6 pts
164Benin1.6-1.8 pts
165Denmark1.5+3.6 pts
166Belize1.4-5.3 pts
167Armenia1.4-1.7 pts
168Cape Verde1.4-1.9 pts
169Guyana1.4+15.4 pts
170Guinea-Bissau1.3-2.7 pts
171Eswatini1.3-4.8 pts
172El Salvador1.3-0.6 pts
173New Caledonia1.1+5.1 pts
174Switzerland10 pts
175Indonesia0.9-0.6 pts
176Thailand0.9-0.4 pts
177Turks and Caicos Islands0.8+0.4 pts
178Malaysia0.8+2.6 pts
179Finland0.7-3.2 pts
180Costa Rica0.5+1.6 pts
181Panama0.5-1.8 pts
182Republic of the Congo0.5+8 pts
183Bahamas0.3-6.4 pts
184Saudi Arabia0.3+2.4 pts
185Macao0.2-4.2 pts
186Norway0+11 pts
187Trinidad and Tobago-0.1+12.9 pts
188Djibouti-0.4-2.9 pts
189Bahrain-0.7+3.6 pts
190Oman-0.7+4 pts
191China-0.8-0.3 pts
192Grenada-1.3-5.7 pts
193Timor-Leste-1.3+19.5 pts
194Azerbaijan-1.3+8 pts
195Kuwait-1.5+6.6 pts
196Qatar-1.5+9.2 pts
197Senegal-1.6-4.6 pts
198Brunei-2.8+10 pts
199Afghanistan-8.3-11.2 pts

Other periods

About this ranking

Annual percentage change in the GDP implicit deflator, the ratio of GDP at current prices to GDP at constant prices in national currency. It measures price change across the whole economy. World Bank national accounts data, compiled from national statistical offices and central banks and from OECD national accounts files.

Covers investment goods and exports too, so it differs from consumer price inflation (inflation_annual_average). It turns negative when export prices fall, as in oil exporters in 2015 and 2020.

Every value in the ranking comes from the same publisher and the same period, so the countries are compared on one definition. 12 countries with data in other periods have no value for 2024 and are left out rather than filled from another source. Equal values share a rank.

How to cite

World Bank, World Development Indicators. Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG). https://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG. Retrieved 2026-10-18. Licensed under CC BY 4.0.

Citation styles

The publisher is the author. Invokely is named only as the place the figures were read, where a style asks for it.

APA 7

World Bank. (2026). Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG) (Countries by inflation, GDP deflator, 2024) [Data set]. Retrieved October 18, 2026, from https://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG

MLA 9

Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG), Countries by inflation, GDP deflator, 2024. World Bank, 8 Oct. 2026, https://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG. Invokely, https://invokely.ai/rankings/gdp-deflator-inflation/countries. Accessed 18 Oct. 2026.

Chicago (author-date)

World Bank. 2026. Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG). Countries by inflation, GDP deflator, 2024. Dataset. Accessed October 18, 2026. https://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG. Also distributed by Invokely, https://invokely.ai/rankings/gdp-deflator-inflation/countries.

Harvard

World Bank (2026) Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG), Countries by inflation, GDP deflator, 2024 [Dataset]. Available at: https://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG, via Invokely: https://invokely.ai/rankings/gdp-deflator-inflation/countries (Accessed: 18 October 2026).

BibTeX
@misc{world_countries_by_inflation_gdp_2024,
  author = {{World Bank}},
  title = {{Inflation, GDP deflator (annual \%) (NY.GDP.DEFL.KD.ZG): Countries by inflation, GDP deflator, 2024}},
  year = {2026},
  howpublished = {Data set},
  url = {https://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG},
  urldate = {2026-10-18},
  note = {Accessed via Invokely, https://invokely.ai/rankings/gdp-deflator-inflation/countries. Publisher attribution: World Bank, World Development Indicators. Inflation, GDP deflator (annual \%) (NY.GDP.DEFL.KD.ZG). https://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG. Retrieved 2026-10-18. Licensed under CC BY 4.0.},
}
RIS
TY  - DATA
AU  - World Bank
TI  - Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG): Countries by inflation, GDP deflator, 2024
PY  - 2026
DA  - 2026/10/08
PB  - World Bank
DB  - Invokely
UR  - https://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG
L2  - https://invokely.ai/rankings/gdp-deflator-inflation/countries
Y2  - 2026/10/18
N1  - Accessed via Invokely, https://invokely.ai/rankings/gdp-deflator-inflation/countries.
N1  - Publisher attribution: World Bank, World Development Indicators. Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG). https://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG. Retrieved 2026-10-18. Licensed under CC BY 4.0.
ER  -
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Questions

Which country has the highest inflation, GDP deflator?

Zimbabwe, with 1,097.5% in 2024, according to the World Bank.

Which country has the lowest inflation, GDP deflator?

Afghanistan, with -8.3% in 2024.

Where does this ranking come from?

Every value comes from one source and one period, so the places are comparable: World Bank, Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG). Retrieved 2026-10-18. 12 countries have no value for 2024 and are not ranked.

Inflation, GDP deflator: other rankings

Countries: more rankings