Data / Rankings / Inflation, GDP deflator / Countries

Countries by inflation, GDP deflator

Venezuela had the highest inflation, GDP deflator of 208 countries in 2015, at 134.9%. Iraq had the lowest, at -28.8%. The median was 2.3% and the figure for the World was 2.3%. Source: the World Bank.

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Highest134.9Venezuela
Lowest-28.8Iraq
Median2.3208 countries
World2.3History

Map of countries, 2015

United Arab Emirates: -16.1 %Afghanistan: 2.4 %Antigua and Barbuda: 2.8 %Albania: 0.8 %Armenia: 1.2 %Angola: -3 %Argentina: 26.6 %Austria: 2.3 %Australia: -0.6 %Azerbaijan: -8.8 %Bosnia and Herzegovina: 1.4 %Bangladesh: 5.9 %Belgium: 1.1 %Burkina Faso: -2.2 %Bulgaria: 2.9 %Burundi: 6 %Benin: 0.9 %Brunei: -17.6 %Bolivia: -4.6 %Brazil: 7.6 %Bahamas: 5.2 %Bhutan: 3.2 %Botswana: 3.7 %Belarus: 16 %Belize: -0.2 %Canada: -0.9 %Democratic Republic of the Congo: -1.4 %Central African Republic: 2.7 %Republic of the Congo: -17.3 %Switzerland: -1.3 %Côte d’Ivoire: 4.8 %Chile: 5 %Cameroon: 0.3 %China: 0.1 %Colombia: 2.4 %Costa Rica: 4 %Cuba: 3.4 %Cape Verde: 1.6 %Cyprus: -0.8 %Czechia: 1.2 %Germany: 1.7 %Djibouti: 1.7 %Denmark: 0.4 %Dominican Republic: 2.4 %Algeria: -5 %Ecuador: -5.5 %Estonia: 1.3 %Egypt: 9.9 %Spain: 0.6 %Ethiopia: 10.8 %Finland: 1.6 %Fiji: 2.5 %Faroe Islands: 4.9 %France: 1.1 %Gabon: -8.9 %United Kingdom: 0.7 %Georgia: 5.4 %Ghana: 13.3 %Greenland: 8.1 %Gambia: 9.7 %Guinea: 3 %Equatorial Guinea: -20.2 %Greece: -0.2 %Guatemala: 2.2 %Guinea-Bissau: 14.5 %Guyana: 3 %Hong Kong: 3.6 %Honduras: 6.9 %Croatia: 0.1 %Haiti: 5.2 %Hungary: 2.8 %Indonesia: 4 %Ireland: 8.9 %Israel: 2.4 %Isle of Man: -0.6 %India: 2.3 %Iraq: -28.8 %Iran: 0.2 %Iceland: 6.8 %Italy: 0.8 %Jamaica: 12.5 %Jordan: 2 %Japan: 2.1 %Kenya: 9.2 %Kyrgyzstan: 3.4 %Cambodia: 3.1 %Kiribati: 3.1 %South Korea: 3.2 %Kuwait: -26 %Cayman Islands: 0.3 %Kazakhstan: 1.8 %Laos: 2.3 %Lebanon: 3.3 %Sri Lanka: 3 %Liberia: 0.1 %Lesotho: 10.2 %Lithuania: -0 %Luxembourg: 2.2 %Latvia: 0.4 %Libya: -7 %Morocco: 3.2 %Moldova: 11.6 %Montenegro: 2.3 %Madagascar: 6.5 %North Macedonia: 2 %Mali: 2.8 %Myanmar: 4.1 %Mongolia: 0.6 %Mauritania: -4.8 %Mauritius: 1.5 %Malawi: 19.8 %Mexico: 3.2 %Malaysia: 1.2 %Mozambique: 7.1 %Namibia: 3.9 %Niger: 2.2 %Nigeria: 2.9 %Nicaragua: 7.6 %Netherlands: 0.9 %Norway: -2.6 %Nepal: 4.4 %New Zealand: 1.4 %Oman: -19.1 %Panama: 3 %Peru: 2.7 %French Polynesia: 1.8 %Papua New Guinea: -1.2 %Philippines: -0.7 %Pakistan: 4.4 %Poland: 1.3 %Puerto Rico: 2 %Palestine: -3.7 %Portugal: 2 %Palau: 6.3 %Paraguay: 1.6 %Qatar: -25.1 %Romania: 3.3 %Serbia: 2.2 %Russia: 7.2 %Rwanda: 0.7 %Saudi Arabia: -15.8 %Solomon Islands: 3.4 %Sudan: 14 %Sweden: 2.3 %Singapore: 3.1 %Slovenia: 0.9 %Slovakia: -0.2 %Sierra Leone: 3.6 %Senegal: 1.1 %Somalia: 7 %Suriname: 4.9 %South Sudan: 17.7 %El Salvador: 1.3 %Syria: 38.2 %Eswatini: 5.3 %Chad: -7 %Togo: 2.2 %Thailand: 0.7 %Tajikistan: 6.9 %Timor-Leste: 7.2 %Turkmenistan: -5.1 %Tunisia: 4.2 %Türkiye: 7.9 %Trinidad and Tobago: -9 %Tanzania: 7.6 %Ukraine: 38.9 %Uganda: 5.2 %United States: 0.9 %Uruguay: 9.9 %Uzbekistan: 10 %Venezuela: 134.9 %Vietnam: -1.7 %Vanuatu: 5.5 %Samoa: 4 %Yemen: 46.5 %South Africa: 5.5 %Zambia: 6.7 %Zimbabwe: 0.6 %
  • Under -8
  • -8 to -2
  • -2 to 0
  • 0 to 2
  • 2 to 5
  • 5 and over
  • No data
%, 2015. 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, 2015

Venezuela: 134.9 %Venezuela134.9Yemen: 46.5 %Yemen46.5Ukraine: 38.9 %Ukraine38.9Syria: 38.2 %Syria38.2Argentina: 26.6 %Argentina26.6Malawi: 19.8 %Malawi19.8South Sudan: 17.7 %South Sudan17.7Belarus: 16 %Belarus16Guinea-Bissau: 14.5 %Guinea-Bissau14.5Sudan: 14 %Sudan14Ghana: 13.3 %Ghana13.3Jamaica: 12.5 %Jamaica12.5Moldova: 11.6 %Moldova11.6Ethiopia: 10.8 %Ethiopia10.8Lesotho: 10.2 %Lesotho10.2Uzbekistan: 10 %Uzbekistan10Egypt: 9.9 %Egypt9.9Uruguay: 9.9 %Uruguay9.9Gambia: 9.7 %Gambia9.7Kenya: 9.2 %Kenya9.2Ireland: 8.9 %Ireland8.9Greenland: 8.1 %Greenland8.1Türkiye: 7.9 %Türkiye7.9Tanzania: 7.6 %Tanzania7.6Nicaragua: 7.6 %Nicaragua7.6Brazil: 7.6 %Brazil7.6Maldives: 7.4 %Maldives7.4Russia: 7.2 %Russia7.2Timor-Leste: 7.2 %Timor-Leste7.2Mozambique: 7.1 %Mozambique7.1Somalia: 7 %Somalia7Honduras: 6.9 %Honduras6.9Tajikistan: 6.9 %Tajikistan6.9Iceland: 6.8 %Iceland6.8Zambia: 6.7 %Zambia6.7Madagascar: 6.5 %Madagascar6.5Palau: 6.3 %Palau6.3Burundi: 6 %Burundi6Bangladesh: 5.9 %Bangladesh5.9Northern Mariana Islands: 5.8 %Northern Mariana Islands5.8Venezuela: 134.9 %Venezuela134.9Yemen: 46.5 %Yemen46.5Ukraine: 38.9 %Ukraine38.9Syria: 38.2 %Syria38.2Argentina: 26.6 %Argentina26.6Malawi: 19.8 %Malawi19.8South Sudan: 17.7 %South Sudan17.7Belarus: 16 %Belarus16Guinea-Bissau: 14.5 %Guinea-Bissau14.5Sudan: 14 %Sudan14Ghana: 13.3 %Ghana13.3Jamaica: 12.5 %Jamaica12.5Moldova: 11.6 %Moldova11.6Ethiopia: 10.8 %Ethiopia10.8Lesotho: 10.2 %Lesotho10.2Uzbekistan: 10 %Uzbekistan10Egypt: 9.9 %Egypt9.9Uruguay: 9.9 %Uruguay9.9Gambia: 9.7 %Gambia9.7Kenya: 9.2 %Kenya9.2Ireland: 8.9 %Ireland8.9Greenland: 8.1 %Greenland8.1Türkiye: 7.9 %Türkiye7.9Tanzania: 7.6 %Tanzania7.6Nicaragua: 7.6 %Nicaragua7.6Brazil: 7.6 %Brazil7.6Maldives: 7.4 %Maldives7.4Russia: 7.2 %Russia7.2Timor-Leste: 7.2 %Timor-Leste7.2Mozambique: 7.1 %Mozambique7.1Somalia: 7 %Somalia7Honduras: 6.9 %Honduras6.9Tajikistan: 6.9 %Tajikistan6.9Iceland: 6.8 %Iceland6.8Zambia: 6.7 %Zambia6.7Madagascar: 6.5 %Madagascar6.5Palau: 6.3 %Palau6.3Burundi: 6 %Burundi6Bangladesh: 5.9 %Bangladesh5.9Northern Mariana Islands: 5.8 %Northern Mariana Islands5.8
%. Source: World Bank, Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG). Retrieved 2026-10-18.

Full ranking

RankCountries2015 (%)Change on 2014
1Venezuela134.9+29.9 pts
2Yemen46.5+39.3 pts
3Ukraine38.9+23 pts
4Syria38.2+1.1 pts
5Argentina26.6-13.7 pts
6Malawi19.8-1.2 pts
7South Sudan17.7+44.4 pts
8Belarus16-2.2 pts
9Guinea-Bissau14.5+13.2 pts
10Sudan14-20 pts
11Ghana13.3-10.7 pts
12Jamaica12.5+5.5 pts
13Moldova11.6+6.4 pts
14Ethiopia10.8-0.1 pts
15Lesotho10.2-3.8 pts
16Uzbekistan10-3.1 pts
17Egypt9.9-1.3 pts
18Uruguay9.9-0.4 pts
19Gambia9.7+4.5 pts
20Kenya9.2+1.6 pts
21Ireland8.9+8.7 pts
22Greenland8.1+7.2 pts
23Türkiye7.9+0.2 pts
24Tanzania7.6+1.5 pts
25Nicaragua7.6-0.8 pts
26Brazil7.6-0.3 pts
27Maldives7.4+3.3 pts
28Russia7.2-0.2 pts
29Timor-Leste7.2+7.9 pts
30Mozambique7.1+6 pts
31Somalia7-1.9 pts
32Honduras6.9+0.1 pts
33Tajikistan6.9+2.1 pts
34Iceland6.8+2.5 pts
35Zambia6.7+1.2 pts
36Madagascar6.5-0.2 pts
37Palau6.3+2.2 pts
38Burundi6+0.7 pts
39Bangladesh5.9+0.2 pts
40Northern Mariana Islands5.8+2.3 pts
41South Africa5.5+0.2 pts
42Vanuatu5.5+4.1 pts
43Dominica5.5+2.9 pts
44Georgia5.4+0.8 pts
45Eswatini5.3-0.4 pts
46Bahamas5.2+0.8 pts
47Haiti5.2+3 pts
48Tonga5.2+5.2 pts
49Uganda5.2+0.1 pts
50Chile5-0.9 pts
51Faroe Islands4.9+2.2 pts
52Suriname4.9+3.3 pts
53Côte d’Ivoire4.8+0.4 pts
54Macao4.5-4.2 pts
55São Tomé and Príncipe4.5-0.1 pts
56Pakistan4.4-2.8 pts
57Nepal4.4-3.6 pts
58Tuvalu4.3-0.7 pts
59Tunisia4.2-0.5 pts
60Malta4.2+1.9 pts
61Myanmar4.1+0.2 pts
62Sint Maarten4-27.1 pts
63Indonesia4-1.5 pts
64Samoa4+3.1 pts
65Costa Rica4-2.3 pts
66Namibia3.9-4.4 pts
67Botswana3.7-5.9 pts
68Hong Kong3.6+0.8 pts
69Sierra Leone3.6-12.4 pts
70Cuba3.4-0 pts
71Kyrgyzstan3.4-5 pts
72Solomon Islands3.4-0.3 pts
73Lebanon3.3+3.2 pts
74Romania3.3+1.6 pts
75Saint Lucia3.2-0.7 pts
76South Korea3.2+2.2 pts
77Mexico3.2-1.1 pts
78Bhutan3.2-2.5 pts
79U.S. Virgin Islands3.2+6.1 pts
80Morocco3.2+3 pts
81Kiribati3.1-1.9 pts
82Singapore3.1+3.3 pts
83Cambodia3.1-0.2 pts
84Panama3-1.7 pts
85Sri Lanka3+1.1 pts
86Guyana3+5.1 pts
87Guinea3+0.4 pts
88Bermuda3-0.1 pts
89Bulgaria2.9+1.6 pts
90Nigeria2.9-1.8 pts
91Mali2.8+1 pts
92Hungary2.8-0.9 pts
93Antigua and Barbuda2.8+1 pts
94Grenada2.8+2 pts
95Central African Republic2.7-9.2 pts
96Peru2.7+0.3 pts
97Fiji2.5-10 pts
98Guam2.5+0.4 pts
99Aruba2.5+1.6 pts
100Colombia2.4+0.2 pts
101Afghanistan2.4+1.9 pts
102Dominican Republic2.4-1.8 pts
103Israel2.4+1.6 pts
104Laos2.3-3.4 pts
105Austria2.3+0.3 pts
106Montenegro2.3+1.2 pts
107India2.3-1.1 pts
108Sweden2.3+0.4 pts
109Niger2.2+2.7 pts
110Guatemala2.2-0.6 pts
111Luxembourg2.2-0.6 pts
112Togo2.2+1.7 pts
113Serbia2.2-0.7 pts
114Japan2.1+0.3 pts
115Jordan2-1.6 pts
116North Macedonia2+0.6 pts
117Puerto Rico2+0.8 pts
118Portugal2+1.2 pts
119Kazakhstan1.8-3.9 pts
120French Polynesia1.8+0.5 pts
121Germany1.7-0.2 pts
122Djibouti1.7+0.4 pts
123Finland1.6-0 pts
124Cape Verde1.6+1.7 pts
125Paraguay1.6-1.3 pts
126American Samoa1.5+2.4 pts
127Mauritius1.5-0.7 pts
128New Zealand1.4+1 pts
129Bosnia and Herzegovina1.4+0.4 pts
130Poland1.3+0.8 pts
131El Salvador1.3+0.3 pts
132Estonia1.3-1.6 pts
133Turks and Caicos Islands1.3-0.7 pts
134Czechia1.2-1.5 pts
135Malaysia1.2-1.2 pts
136Armenia1.2-1.1 pts
137France1.1+0.6 pts
138Monaco1.1+0.5 pts
139Belgium1.1+0.3 pts
140Senegal1.1+2.6 pts
141Barbados1+1.4 pts
142United States0.9-0.8 pts
143Netherlands0.9+0.5 pts
144Slovenia0.9+0.2 pts
145Benin0.9+1.1 pts
146Italy0.8-0.1 pts
147Albania0.8-0.7 pts
148Thailand0.7-0.7 pts
149United Kingdom0.7-0.9 pts
150Rwanda0.7-4.6 pts
151Andorra0.7+0.7 pts
152Mongolia0.6-6.8 pts
153Zimbabwe0.6+0.9 pts
154Spain0.6+0.8 pts
155Denmark0.4-0.6 pts
156Latvia0.4-1.3 pts
157Cayman Islands0.3-0.5 pts
158Cameroon0.3-1.7 pts
159Iran0.2-9.6 pts
160China0.1-1 pts
161Croatia0.1-0 pts
162Liberia0.1-0.8 pts
163Lithuania-0-0.6 pts
164Saint Kitts and Nevis-0.2-1.4 pts
165Greece-0.2+1.7 pts
166Slovakia-0.2-0.1 pts
167Belize-0.2-1.3 pts
168Curaçao-0.5-2 pts
169Comoros-0.5-1.4 pts
170Isle of Man-0.6-0.1 pts
171Australia-0.6-2 pts
172Philippines-0.7-3.8 pts
173Saint Vincent and the Grenadines-0.7-0.4 pts
174San Marino-0.7-1.1 pts
175Cyprus-0.8+0.6 pts
176Canada-0.9-2.8 pts
177Seychelles-1-7.4 pts
178Papua New Guinea-1.2-6.7 pts
179Switzerland-1.3-0.7 pts
180Democratic Republic of the Congo-1.4-4.5 pts
181Vietnam-1.7-5.4 pts
182Burkina Faso-2.2-1.6 pts
183Norway-2.6-2.9 pts
184Angola-3-7 pts
185Marshall Islands-3.1-4.1 pts
186Palestine-3.7-7.4 pts
187Bolivia-4.6-6.7 pts
188Mauritania-4.8+7.1 pts
189Algeria-5-6.4 pts
190Turkmenistan-5.1-5.7 pts
191Micronesia-5.4-8.7 pts
192Ecuador-5.5-7.5 pts
193Chad-7-6.5 pts
194Libya-7-6 pts
195Nauru-8.7-10 pts
196Bahrain-8.8-7.3 pts
197Azerbaijan-8.8-7.5 pts
198Gabon-8.9-8.1 pts
199Trinidad and Tobago-9-8 pts
200Saudi Arabia-15.8-14.1 pts
201United Arab Emirates-16.1-15.2 pts
202Republic of the Congo-17.3-10.8 pts
203Brunei-17.6-15.8 pts
204Oman-19.1-20.9 pts
205Equatorial Guinea-20.2-18.9 pts
206Qatar-25.1-24.8 pts
207Kuwait-26-19.2 pts
208Iraq-28.8-24 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 2015 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, 2015) [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, 2015. 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=2015. Accessed 18 Oct. 2026.

Chicago (author-date)

World Bank. 2026. Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG). Countries by inflation, GDP deflator, 2015. 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=2015.

Harvard

World Bank (2026) Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG), Countries by inflation, GDP deflator, 2015 [Dataset]. Available at: https://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG, via Invokely: https://invokely.ai/rankings/gdp-deflator-inflation/countries?period=2015 (Accessed: 18 October 2026).

BibTeX
@misc{world_countries_by_inflation_gdp_2015,
  author = {{World Bank}},
  title = {{Inflation, GDP deflator (annual \%) (NY.GDP.DEFL.KD.ZG): Countries by inflation, GDP deflator, 2015}},
  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=2015. 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, 2015
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=2015
Y2  - 2026/10/18
N1  - Accessed via Invokely, https://invokely.ai/rankings/gdp-deflator-inflation/countries?period=2015.
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 134.9% in 2015, according to the World Bank.

Which country has the lowest inflation, GDP deflator?

Iraq, with -28.8% in 2015.

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 2015 and are not ranked.

Inflation, GDP deflator: other rankings

Countries: more rankings