Data / Rankings / Inflation, GDP deflator / Countries

Countries by inflation, GDP deflator

Venezuela had the highest inflation, GDP deflator of 208 countries in 2014, at 105%. South Sudan had the lowest, at -26.7%. The median was 2% and the figure for the World was 2%. Source: the World Bank.

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Highest105Venezuela
Lowest-26.7South Sudan
Median2208 countries
World2History

Map of countries, 2014

United Arab Emirates: -0.9 %Afghanistan: 0.6 %Antigua and Barbuda: 1.8 %Albania: 1.4 %Armenia: 2.3 %Angola: 4.1 %Argentina: 40.3 %Austria: 2 %Australia: 1.4 %Azerbaijan: -1.3 %Bosnia and Herzegovina: 1 %Bangladesh: 5.7 %Belgium: 0.8 %Burkina Faso: -0.6 %Bulgaria: 1.3 %Burundi: 5.3 %Benin: -0.2 %Brunei: -1.8 %Bolivia: 2 %Brazil: 7.8 %Bahamas: 4.4 %Bhutan: 5.7 %Botswana: 9.6 %Belarus: 18.2 %Belize: 1.1 %Canada: 1.9 %Democratic Republic of the Congo: 3.1 %Central African Republic: 11.9 %Republic of the Congo: -6.5 %Switzerland: -0.6 %Côte d’Ivoire: 4.4 %Chile: 5.9 %Cameroon: 2 %China: 1.1 %Colombia: 2.2 %Costa Rica: 6.2 %Cuba: 3.5 %Cape Verde: -0.1 %Cyprus: -1.3 %Czechia: 2.7 %Germany: 1.9 %Djibouti: 1.3 %Denmark: 1 %Dominican Republic: 4.2 %Algeria: 1.5 %Ecuador: 2.1 %Estonia: 2.9 %Egypt: 11.2 %Spain: -0.2 %Ethiopia: 11 %Finland: 1.6 %Fiji: 12.5 %Faroe Islands: 2.7 %France: 0.6 %Gabon: -0.9 %United Kingdom: 1.6 %Georgia: 4.6 %Ghana: 23.9 %Greenland: 1 %Gambia: 5.2 %Guinea: 2.6 %Equatorial Guinea: -1.3 %Greece: -1.9 %Guatemala: 2.9 %Guinea-Bissau: 1.3 %Guyana: -2.1 %Hong Kong: 2.9 %Honduras: 6.8 %Croatia: 0.1 %Haiti: 2.2 %Hungary: 3.7 %Indonesia: 5.4 %Ireland: 0.3 %Israel: 0.8 %Isle of Man: -0.5 %India: 3.3 %Iraq: -4.8 %Iran: 9.8 %Iceland: 4.2 %Italy: 0.9 %Jamaica: 6.9 %Jordan: 3.6 %Japan: 1.7 %Kenya: 7.6 %Kyrgyzstan: 8.4 %Cambodia: 3.3 %Kiribati: 5 %South Korea: 1.1 %Kuwait: -6.8 %Cayman Islands: 0.9 %Kazakhstan: 5.8 %Laos: 5.7 %Lebanon: 0.1 %Sri Lanka: 1.9 %Liberia: 0.8 %Lesotho: 14 %Lithuania: 0.6 %Luxembourg: 2.8 %Latvia: 1.7 %Libya: -1 %Morocco: 0.2 %Moldova: 5.1 %Montenegro: 1.1 %Madagascar: 6.7 %North Macedonia: 1.4 %Mali: 1.8 %Myanmar: 3.9 %Mongolia: 7.4 %Mauritania: -11.9 %Mauritius: 2.2 %Malawi: 21 %Mexico: 4.4 %Malaysia: 2.5 %Mozambique: 1.1 %Namibia: 8.2 %Niger: -0.4 %Nigeria: 4.7 %Nicaragua: 8.4 %Netherlands: 0.3 %Norway: 0.3 %Nepal: 8 %New Zealand: 0.4 %Oman: 1.8 %Panama: 4.7 %Peru: 2.4 %French Polynesia: 1.4 %Papua New Guinea: 5.4 %Philippines: 3.1 %Pakistan: 7.2 %Poland: 0.5 %Puerto Rico: 1.2 %Palestine: 3.7 %Portugal: 0.7 %Palau: 4.1 %Paraguay: 2.9 %Qatar: -0.3 %Romania: 1.7 %Serbia: 2.9 %Russia: 7.5 %Rwanda: 5.3 %Saudi Arabia: -1.7 %Solomon Islands: 3.7 %Sudan: 34.1 %Sweden: 1.8 %Singapore: -0.3 %Slovenia: 0.6 %Slovakia: -0.1 %Sierra Leone: 16 %Senegal: -1.5 %Somalia: 8.9 %Suriname: 1.6 %South Sudan: -26.7 %El Salvador: 1 %Syria: 37.1 %Eswatini: 5.7 %Chad: -0.5 %Togo: 0.5 %Thailand: 1.4 %Tajikistan: 4.8 %Timor-Leste: -0.7 %Turkmenistan: 0.6 %Tunisia: 4.7 %Türkiye: 7.6 %Trinidad and Tobago: -1 %Tanzania: 6.1 %Ukraine: 15.9 %Uganda: 5.1 %United States: 1.7 %Uruguay: 10.2 %Uzbekistan: 13.1 %Venezuela: 105 %Vietnam: 3.7 %Vanuatu: 1.4 %Samoa: 0.9 %Yemen: 7.2 %South Africa: 5.4 %Zambia: 5.4 %Zimbabwe: -0.3 %
  • Under -1
  • -1 to 0
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%, 2014. 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, 2014

Venezuela: 105 %Venezuela105Argentina: 40.3 %Argentina40.3Syria: 37.1 %Syria37.1Sudan: 34.1 %Sudan34.1Sint Maarten: 31.1 %Sint Maarten31.1Ghana: 23.9 %Ghana23.9Malawi: 21 %Malawi21Belarus: 18.2 %Belarus18.2Sierra Leone: 16 %Sierra Leone16Ukraine: 15.9 %Ukraine15.9Lesotho: 14 %Lesotho14Uzbekistan: 13.1 %Uzbekistan13.1Fiji: 12.5 %Fiji12.5Central African Republic: 11.9 %Central African Republic11.9Egypt: 11.2 %Egypt11.2Ethiopia: 11 %Ethiopia11Uruguay: 10.2 %Uruguay10.2Iran: 9.8 %Iran9.8Botswana: 9.6 %Botswana9.6Somalia: 8.9 %Somalia8.9Macao: 8.7 %Macao8.7Kyrgyzstan: 8.4 %Kyrgyzstan8.4Nicaragua: 8.4 %Nicaragua8.4Namibia: 8.2 %Namibia8.2Nepal: 8 %Nepal8Brazil: 7.8 %Brazil7.8Türkiye: 7.6 %Türkiye7.6Kenya: 7.6 %Kenya7.6Russia: 7.5 %Russia7.5Mongolia: 7.4 %Mongolia7.4Pakistan: 7.2 %Pakistan7.2Yemen: 7.2 %Yemen7.2Jamaica: 6.9 %Jamaica6.9Honduras: 6.8 %Honduras6.8Madagascar: 6.7 %Madagascar6.7Seychelles: 6.4 %Seychelles6.4Costa Rica: 6.2 %Costa Rica6.2Tanzania: 6.1 %Tanzania6.1Chile: 5.9 %Chile5.9Kazakhstan: 5.8 %Kazakhstan5.8Venezuela: 105 %Venezuela105Argentina: 40.3 %Argentina40.3Syria: 37.1 %Syria37.1Sudan: 34.1 %Sudan34.1Sint Maarten: 31.1 %Sint Maarten31.1Ghana: 23.9 %Ghana23.9Malawi: 21 %Malawi21Belarus: 18.2 %Belarus18.2Sierra Leone: 16 %Sierra Leone16Ukraine: 15.9 %Ukraine15.9Lesotho: 14 %Lesotho14Uzbekistan: 13.1 %Uzbekistan13.1Fiji: 12.5 %Fiji12.5Central African Republic: 11.9 %Central African Republic11.9Egypt: 11.2 %Egypt11.2Ethiopia: 11 %Ethiopia11Uruguay: 10.2 %Uruguay10.2Iran: 9.8 %Iran9.8Botswana: 9.6 %Botswana9.6Somalia: 8.9 %Somalia8.9Macao: 8.7 %Macao8.7Kyrgyzstan: 8.4 %Kyrgyzstan8.4Nicaragua: 8.4 %Nicaragua8.4Namibia: 8.2 %Namibia8.2Nepal: 8 %Nepal8Brazil: 7.8 %Brazil7.8Türkiye: 7.6 %Türkiye7.6Kenya: 7.6 %Kenya7.6Russia: 7.5 %Russia7.5Mongolia: 7.4 %Mongolia7.4Pakistan: 7.2 %Pakistan7.2Yemen: 7.2 %Yemen7.2Jamaica: 6.9 %Jamaica6.9Honduras: 6.8 %Honduras6.8Madagascar: 6.7 %Madagascar6.7Seychelles: 6.4 %Seychelles6.4Costa Rica: 6.2 %Costa Rica6.2Tanzania: 6.1 %Tanzania6.1Chile: 5.9 %Chile5.9Kazakhstan: 5.8 %Kazakhstan5.8
%. Source: World Bank, Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG). Retrieved 2026-10-18.

Full ranking

RankCountries2014 (%)Change on 2013
1Venezuela105+65.8 pts
2Argentina40.3+16.3 pts
3Syria37.1+5.3 pts
4Sudan34.1-2.4 pts
5Sint Maarten31.1+28.6 pts
6Ghana23.9-30.1 pts
7Malawi21-6.1 pts
8Belarus18.2-3.1 pts
9Sierra Leone16+9.8 pts
10Ukraine15.9+11.6 pts
11Lesotho14+3.8 pts
12Uzbekistan13.1+0.3 pts
13Fiji12.5+8.9 pts
14Central African Republic11.9+9.4 pts
15Egypt11.2+2.5 pts
16Ethiopia11+6.1 pts
17Uruguay10.2+1.2 pts
18Iran9.8-27 pts
19Botswana9.6+8.1 pts
20Somalia8.9+19.4 pts
21Macao8.7+1 pts
22Kyrgyzstan8.4+5.2 pts
23Nicaragua8.4+4 pts
24Namibia8.2+4.2 pts
25Nepal8+1 pts
26Brazil7.8+0.3 pts
27Türkiye7.6+1.5 pts
28Kenya7.6+0.3 pts
29Russia7.5+2.2 pts
30Mongolia7.4+4.5 pts
31Pakistan7.2-0.2 pts
32Yemen7.2-2 pts
33Jamaica6.9-1.5 pts
34Honduras6.8+5.5 pts
35Madagascar6.7+1.3 pts
36Seychelles6.4+0.8 pts
37Costa Rica6.2+1.6 pts
38Tanzania6.1-3.6 pts
39Chile5.9+3.6 pts
40Kazakhstan5.8-3.7 pts
41Eswatini5.7-0.5 pts
42Laos5.7-0.7 pts
43Bhutan5.7-0.4 pts
44Bangladesh5.7-1.5 pts
45Indonesia5.4+0.5 pts
46Zambia5.4-4.3 pts
47Papua New Guinea5.4+1.9 pts
48South Africa5.4-0.5 pts
49Burundi5.3-2.9 pts
50Rwanda5.3+2.6 pts
51Gambia5.2-0.7 pts
52Moldova5.1+1.2 pts
53Uganda5.1+1.5 pts
54Kiribati5+8 pts
55Tuvalu5+2.1 pts
56Tajikistan4.8+1.1 pts
57Panama4.7-1.5 pts
58Tunisia4.7+0.2 pts
59Nigeria4.7-0.3 pts
60São Tomé and Príncipe4.6-2.6 pts
61Georgia4.6+5.2 pts
62Bahamas4.4+3.8 pts
63Côte d’Ivoire4.4+1.5 pts
64Mexico4.4+2.7 pts
65Dominican Republic4.2-0.4 pts
66Iceland4.2+1.7 pts
67Maldives4.1-2.6 pts
68Palau4.1-2.7 pts
69Angola4.1+0.8 pts
70Saint Lucia4-1.8 pts
71Myanmar3.9-0.5 pts
72Vietnam3.7-0.3 pts
73Hungary3.7+0.9 pts
74Palestine3.7-2.1 pts
75Solomon Islands3.7+1.3 pts
76Jordan3.6-2.2 pts
77Cuba3.5+0.8 pts
78Northern Mariana Islands3.5+2.7 pts
79India3.3-2.9 pts
80Cambodia3.3+0.4 pts
81Micronesia3.3+2.6 pts
82Democratic Republic of the Congo3.1+4.2 pts
83Philippines3.1+1 pts
84Bermuda3+1.4 pts
85Serbia2.9-4.9 pts
86Guatemala2.9-0.5 pts
87Paraguay2.9-1.5 pts
88Estonia2.9-1.3 pts
89Hong Kong2.9+1 pts
90Luxembourg2.8+0.5 pts
91Czechia2.7+1.4 pts
92Faroe Islands2.7+1.2 pts
93Guinea2.6-1.7 pts
94Dominica2.5-2.3 pts
95Malaysia2.5+2.3 pts
96Peru2.4+1.4 pts
97Armenia2.3-1.1 pts
98Malta2.30 pts
99Colombia2.2+0.3 pts
100Haiti2.2-5.9 pts
101Mauritius2.2-1.7 pts
102Guam2.1+1.2 pts
103Ecuador2.1-0.6 pts
104Bolivia2-3.9 pts
105Cameroon2-1 pts
106Austria2+0.3 pts
107Canada1.9+0.2 pts
108Turks and Caicos Islands1.9-0.6 pts
109Sri Lanka1.9-4.3 pts
110Germany1.9-0.1 pts
111Sweden1.8+0.8 pts
112Mali1.8+2.1 pts
113Antigua and Barbuda1.8+4.1 pts
114Oman1.8+4 pts
115United States1.70 pts
116Japan1.7+1.9 pts
117Romania1.7+0.3 pts
118Latvia1.7-0.2 pts
119Finland1.6-0.9 pts
120United Kingdom1.6-0.6 pts
121Suriname1.6+1.2 pts
122Curaçao1.5+0.2 pts
123Algeria1.5+0.6 pts
124North Macedonia1.4-3 pts
125Albania1.4+1.1 pts
126Thailand1.4-0.3 pts
127Australia1.4+1.5 pts
128Vanuatu1.4-15.9 pts
129French Polynesia1.4-0.7 pts
130Bulgaria1.3+1.3 pts
131Nauru1.3+11.2 pts
132Djibouti1.3n/a
133Guinea-Bissau1.3+2.2 pts
134Saint Kitts and Nevis1.2+0.9 pts
135Puerto Rico1.20 pts
136Montenegro1.1-0.5 pts
137Belize1.1-0.9 pts
138China1.1-1.2 pts
139Mozambique1.1-1.5 pts
140Marshall Islands1.1+1.7 pts
141South Korea1.1-0 pts
142Denmark1+0.2 pts
143El Salvador1+0.4 pts
144Bosnia and Herzegovina1+1.2 pts
145Greenland1-0.1 pts
146Italy0.9-0.2 pts
147Cayman Islands0.9-0.5 pts
148Aruba0.9+2.9 pts
149Samoa0.9-1.5 pts
150Belgium0.8-0.6 pts
151Comoros0.8-0.9 pts
152Liberia0.8-3.9 pts
153Grenada0.8-2.1 pts
154Israel0.8-1.1 pts
155Portugal0.7-1.5 pts
156Slovenia0.6-0.5 pts
157Turkmenistan0.6-0.6 pts
158Lithuania0.6-0.2 pts
159Monaco0.6-0.2 pts
160France0.6-0.2 pts
161Afghanistan0.6-4.3 pts
162Poland0.5+0.2 pts
163Togo0.5-1.2 pts
164New Zealand0.4-3.8 pts
165San Marino0.4-1.6 pts
166Netherlands0.3-0.8 pts
167Norway0.3-2.2 pts
168Ireland0.3-1.1 pts
169Morocco0.2-1 pts
170Croatia0.1-0.6 pts
171Lebanon0.1-2.5 pts
172Tonga0+2.3 pts
173Andorra-0.1-0.5 pts
174Cape Verde-0.1-1.5 pts
175Slovakia-0.1-0.7 pts
176Spain-0.2-0.7 pts
177Benin-0.2-1.6 pts
178Zimbabwe-0.3-9.6 pts
179Singapore-0.3+0.2 pts
180Qatar-0.3-2.2 pts
181Saint Vincent and the Grenadines-0.3-2.6 pts
182Barbados-0.4-3.3 pts
183Niger-0.4-0 pts
184Chad-0.5+5.6 pts
185Isle of Man-0.5-2.1 pts
186Switzerland-0.6-0.6 pts
187Burkina Faso-0.6+1.5 pts
188Timor-Leste-0.7-17.4 pts
189Gabon-0.9+5.3 pts
190United Arab Emirates-0.9-0.3 pts
191American Samoa-1-3.2 pts
192Trinidad and Tobago-1-3 pts
193Libya-1-1.1 pts
194Equatorial Guinea-1.3-0.2 pts
195Azerbaijan-1.3-1.7 pts
196Cyprus-1.3-0.4 pts
197Bahrain-1.4-1.9 pts
198Senegal-1.5-2.7 pts
199Saudi Arabia-1.7-1.1 pts
200Brunei-1.8+1 pts
201Greece-1.90 pts
202Guyana-2.1-1.6 pts
203U.S. Virgin Islands-2.9-0.5 pts
204Iraq-4.8-4.8 pts
205Republic of the Congo-6.5-5.4 pts
206Kuwait-6.8-7 pts
207Mauritania-11.9-16.4 pts
208South Sudan-26.7-63.2 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. 3 countries with data in other periods have no value for 2014 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, 2014) [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, 2014. World Bank, 8 Oct. 2026, https://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG. Invokely, https://invokely.ai/rankings/gdp-deflator-inflation/countries?period=2014. Accessed 18 Oct. 2026.

Chicago (author-date)

World Bank. 2026. Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG). Countries by inflation, GDP deflator, 2014. 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?period=2014.

Harvard

World Bank (2026) Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG), Countries by inflation, GDP deflator, 2014 [Dataset]. Available at: https://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG, via Invokely: https://invokely.ai/rankings/gdp-deflator-inflation/countries?period=2014 (Accessed: 18 October 2026).

BibTeX
@misc{world_countries_by_inflation_gdp_2014,
  author = {{World Bank}},
  title = {{Inflation, GDP deflator (annual \%) (NY.GDP.DEFL.KD.ZG): Countries by inflation, GDP deflator, 2014}},
  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?period=2014. 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, 2014
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?period=2014
Y2  - 2026/10/18
N1  - Accessed via Invokely, https://invokely.ai/rankings/gdp-deflator-inflation/countries?period=2014.
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?

Venezuela, with 105% in 2014, according to the World Bank.

Which country has the lowest inflation, GDP deflator?

South Sudan, with -26.7% in 2014.

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. 3 countries have no value for 2014 and are not ranked.

Inflation, GDP deflator: other rankings

Countries: more rankings