Data / Rankings / Inflation, GDP deflator / Countries

Countries by inflation, GDP deflator

Venezuela had the highest inflation, GDP deflator of 207 countries in 2016, at 308.6%. Iraq had the lowest, at -11.1%. The median was 2% and the figure for the World was 2%. Source: the World Bank.

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Highest308.6Venezuela
Lowest-11.1Iraq
Median2207 countries
World2History

Map of countries, 2016

United Arab Emirates: -5.4 %Afghanistan: -2.2 %Antigua and Barbuda: -0.5 %Albania: -0.9 %Armenia: 0.3 %Angola: 20.9 %Argentina: 41.1 %Austria: 1.8 %Australia: -0.7 %Azerbaijan: 14.6 %Bosnia and Herzegovina: 1.3 %Bangladesh: 27.9 %Belgium: 1.9 %Burkina Faso: 2.6 %Bulgaria: 3.3 %Burundi: 6.3 %Benin: 0.7 %Brunei: -9.2 %Bolivia: -1.4 %Brazil: 8.1 %Bahamas: 1.5 %Bhutan: 4 %Botswana: 11.9 %Belarus: 8.3 %Belize: 2.1 %Canada: 0.7 %Democratic Republic of the Congo: 4.4 %Central African Republic: 3 %Republic of the Congo: -3.5 %Switzerland: -0.6 %Côte d’Ivoire: -1.2 %Chile: 4.6 %Cameroon: 0.7 %China: 1.5 %Colombia: 5.1 %Costa Rica: 2 %Cuba: 4.3 %Cape Verde: 1.7 %Cyprus: -0.6 %Czechia: 1.5 %Germany: 1.3 %Djibouti: 0.3 %Denmark: 0.4 %Dominican Republic: 2 %Algeria: 0.9 %Ecuador: 1.2 %Estonia: 2.4 %Egypt: 6.2 %Spain: 0.4 %Ethiopia: 10.4 %Finland: 0.1 %Fiji: 2.6 %Faroe Islands: 7.9 %France: 0.5 %Gabon: -4.3 %United Kingdom: 1.7 %Georgia: 2.3 %Ghana: 15.7 %Greenland: 3.5 %Gambia: 7.8 %Guinea: 5.7 %Equatorial Guinea: -6.3 %Greece: -0.5 %Guatemala: 2.7 %Guinea-Bissau: 2.7 %Guyana: 0.9 %Hong Kong: 1.6 %Honduras: 3.7 %Croatia: 0 %Haiti: 15.7 %Hungary: 1.3 %Indonesia: 2.4 %Ireland: 0.1 %Israel: 0.2 %Isle of Man: 2.2 %India: 3.2 %Iraq: -11.1 %Iran: 14.1 %Iceland: 2.7 %Italy: 1.2 %Jamaica: 3.6 %Jordan: 0.9 %Japan: 0.6 %Kenya: 5.8 %Kyrgyzstan: 6.1 %Cambodia: 1.6 %Kiribati: 1.7 %South Korea: 2.1 %Kuwait: -6.8 %Cayman Islands: 1 %Kazakhstan: 13.6 %Laos: 3 %Lebanon: 0.9 %Sri Lanka: 5.4 %Liberia: 7 %Lesotho: -0.3 %Lithuania: 1 %Luxembourg: -1.1 %Latvia: 0.6 %Libya: 4.7 %Morocco: 1 %Moldova: 3.6 %Montenegro: 5.3 %Madagascar: 9 %North Macedonia: 3.5 %Mali: 1.6 %Myanmar: 3.6 %Mongolia: 3 %Mauritania: 11.2 %Mauritius: 2.4 %Malawi: 20.3 %Mexico: 6.1 %Malaysia: 1.7 %Mozambique: 12.2 %Namibia: 8 %Niger: 2.6 %Nigeria: 9.5 %Nicaragua: 4.6 %Netherlands: 0.6 %Norway: -1.6 %Nepal: 7.2 %New Zealand: 2.4 %Oman: -9.1 %Panama: 2.5 %Peru: 3.1 %French Polynesia: 1.1 %Papua New Guinea: 2.5 %Philippines: 1.3 %Pakistan: 0.9 %Poland: 0.1 %Puerto Rico: 2.2 %Palestine: 1.3 %Portugal: 1.9 %Palau: 5.3 %Paraguay: 4.1 %Qatar: -9 %Romania: 2.6 %Serbia: 1.5 %Russia: 2.8 %Rwanda: 5.3 %Saudi Arabia: -2.3 %Solomon Islands: 0.3 %Sudan: 20.7 %Sweden: 1.7 %Singapore: 0.7 %Slovenia: 0.9 %Slovakia: -0.4 %Sierra Leone: 4.3 %Senegal: 1 %Somalia: 4.1 %Suriname: 24.1 %El Salvador: 0.7 %Syria: 36.9 %Eswatini: 6.8 %Chad: -6.5 %Togo: 1.5 %Thailand: 2.6 %Tajikistan: 0.5 %Timor-Leste: 0.1 %Turkmenistan: -4.9 %Tunisia: 4.9 %Türkiye: 8.1 %Trinidad and Tobago: -0.5 %Tanzania: 7.5 %Ukraine: 17.1 %Uganda: 4.8 %United States: 1 %Uruguay: 8.2 %Uzbekistan: 8.5 %Venezuela: 308.6 %Vietnam: 1.8 %Vanuatu: 2 %Samoa: 2.2 %Yemen: 0.1 %South Africa: 7 %Zambia: 13.6 %Zimbabwe: 2.2 %
  • Under -5
  • -5 to -1
  • -1 to 0
  • 0 to 2
  • 2 to 4
  • 4 and over
  • No data
%, 2016. 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, 2016

Venezuela: 308.6 %Venezuela308.6Argentina: 41.1 %Argentina41.1Syria: 36.9 %Syria36.9Bangladesh: 27.9 %Bangladesh27.9Nauru: 26.2 %Nauru26.2Suriname: 24.1 %Suriname24.1Angola: 20.9 %Angola20.9Sudan: 20.7 %Sudan20.7Malawi: 20.3 %Malawi20.3Ukraine: 17.1 %Ukraine17.1Ghana: 15.7 %Ghana15.7Haiti: 15.7 %Haiti15.7Azerbaijan: 14.6 %Azerbaijan14.6Iran: 14.1 %Iran14.1Kazakhstan: 13.6 %Kazakhstan13.6Zambia: 13.6 %Zambia13.6Mozambique: 12.2 %Mozambique12.2Botswana: 11.9 %Botswana11.9Mauritania: 11.2 %Mauritania11.2Ethiopia: 10.4 %Ethiopia10.4Nigeria: 9.5 %Nigeria9.5Madagascar: 9 %Madagascar9Uzbekistan: 8.5 %Uzbekistan8.5Tuvalu: 8.4 %Tuvalu8.4Belarus: 8.3 %Belarus8.3Uruguay: 8.2 %Uruguay8.2Türkiye: 8.1 %Türkiye8.1Brazil: 8.1 %Brazil8.1Namibia: 8 %Namibia8Faroe Islands: 7.9 %Faroe Islands7.9Gambia: 7.8 %Gambia7.8Tanzania: 7.5 %Tanzania7.5Marshall Islands: 7.2 %Marshall Islands7.2Nepal: 7.2 %Nepal7.2São Tomé and Príncipe: 7.1 %São Tomé and Príncipe7.1Liberia: 7 %Liberia7South Africa: 7 %South Africa7Eswatini: 6.8 %Eswatini6.8Burundi: 6.3 %Burundi6.3Egypt: 6.2 %Egypt6.2Venezuela: 308.6 %Venezuela308.6Argentina: 41.1 %Argentina41.1Syria: 36.9 %Syria36.9Bangladesh: 27.9 %Bangladesh27.9Nauru: 26.2 %Nauru26.2Suriname: 24.1 %Suriname24.1Angola: 20.9 %Angola20.9Sudan: 20.7 %Sudan20.7Malawi: 20.3 %Malawi20.3Ukraine: 17.1 %Ukraine17.1Ghana: 15.7 %Ghana15.7Haiti: 15.7 %Haiti15.7Azerbaijan: 14.6 %Azerbaijan14.6Iran: 14.1 %Iran14.1Kazakhstan: 13.6 %Kazakhstan13.6Zambia: 13.6 %Zambia13.6Mozambique: 12.2 %Mozambique12.2Botswana: 11.9 %Botswana11.9Mauritania: 11.2 %Mauritania11.2Ethiopia: 10.4 %Ethiopia10.4Nigeria: 9.5 %Nigeria9.5Madagascar: 9 %Madagascar9Uzbekistan: 8.5 %Uzbekistan8.5Tuvalu: 8.4 %Tuvalu8.4Belarus: 8.3 %Belarus8.3Uruguay: 8.2 %Uruguay8.2Türkiye: 8.1 %Türkiye8.1Brazil: 8.1 %Brazil8.1Namibia: 8 %Namibia8Faroe Islands: 7.9 %Faroe Islands7.9Gambia: 7.8 %Gambia7.8Tanzania: 7.5 %Tanzania7.5Marshall Islands: 7.2 %Marshall Islands7.2Nepal: 7.2 %Nepal7.2São Tomé and Príncipe: 7.1 %São Tomé and Príncipe7.1Liberia: 7 %Liberia7South Africa: 7 %South Africa7Eswatini: 6.8 %Eswatini6.8Burundi: 6.3 %Burundi6.3Egypt: 6.2 %Egypt6.2
%. Source: World Bank, Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG). Retrieved 2026-10-18.

Full ranking

RankCountries2016 (%)Change on 2015
1Venezuela308.6+173.7 pts
2Argentina41.1+14.5 pts
3Syria36.9-1.3 pts
4Bangladesh27.9+22 pts
5Nauru26.2+34.8 pts
6Suriname24.1+19.2 pts
7Angola20.9+23.8 pts
8Sudan20.7+6.7 pts
9Malawi20.3+0.5 pts
10Ukraine17.1-21.8 pts
11Ghana15.7+2.5 pts
12Haiti15.7+10.5 pts
13Azerbaijan14.6+23.4 pts
14Iran14.1+13.9 pts
15Kazakhstan13.6+11.8 pts
16Zambia13.6+6.9 pts
17Mozambique12.2+5.1 pts
18Botswana11.9+8.2 pts
19Mauritania11.2+16 pts
20Ethiopia10.4-0.4 pts
21Nigeria9.5+6.7 pts
22Madagascar9+2.5 pts
23Uzbekistan8.5-1.5 pts
24Tuvalu8.4+4.1 pts
25Belarus8.3-7.7 pts
26Uruguay8.2-1.7 pts
27Türkiye8.1+0.2 pts
28Brazil8.1+0.5 pts
29Namibia8+4.1 pts
30Faroe Islands7.9+3 pts
31Gambia7.8-1.9 pts
32Tanzania7.5-0.1 pts
33Marshall Islands7.2+10.2 pts
34Nepal7.2+2.7 pts
35São Tomé and Príncipe7.1+2.5 pts
36Liberia7+6.9 pts
37South Africa7+1.4 pts
38Eswatini6.8+1.4 pts
39Burundi6.3+0.3 pts
40Egypt6.2-3.7 pts
41Mexico6.1+2.9 pts
42Kyrgyzstan6.1+2.6 pts
43Kenya5.8-3.4 pts
44Guinea5.7+2.7 pts
45Sri Lanka5.4+2.4 pts
46Palau5.3-0.9 pts
47Rwanda5.3+4.7 pts
48Montenegro5.3+3 pts
49Colombia5.1+2.7 pts
50Tunisia4.9+0.7 pts
51Uganda4.8-0.4 pts
52Libya4.7+11.7 pts
53Northern Mariana Islands4.6-1.2 pts
54Nicaragua4.6-3 pts
55Chile4.6-0.4 pts
56Democratic Republic of the Congo4.4+5.8 pts
57Bermuda4.4+1.4 pts
58Sierra Leone4.3+0.7 pts
59Cuba4.3+0.9 pts
60Paraguay4.1+2.5 pts
61Somalia4.1-2.9 pts
62Bhutan4+0.8 pts
63Turks and Caicos Islands3.9+2.7 pts
64Honduras3.7-3.3 pts
65Jamaica3.6-8.9 pts
66Myanmar3.6-0.5 pts
67Dominica3.6-1.9 pts
68Moldova3.6-8 pts
69Greenland3.5-4.6 pts
70Micronesia3.5+8.9 pts
71North Macedonia3.5+1.5 pts
72Bulgaria3.3+0.4 pts
73India3.2+1 pts
74Peru3.1+0.4 pts
75Laos3+0.7 pts
76Mongolia3+2.4 pts
77Central African Republic3+0.3 pts
78Tonga3-2.2 pts
79Russia2.8-4.4 pts
80Guinea-Bissau2.7-11.8 pts
81Guatemala2.7+0.5 pts
82Iceland2.7-4.1 pts
83Grenada2.6-0.1 pts
84Niger2.6+0.4 pts
85Thailand2.6+1.9 pts
86Fiji2.6+0.1 pts
87Romania2.6-0.6 pts
88Burkina Faso2.6+4.8 pts
89Papua New Guinea2.5+3.7 pts
90Panama2.5-0.5 pts
91Indonesia2.4-1.5 pts
92Estonia2.4+1.1 pts
93New Zealand2.4+1 pts
94Mauritius2.4+0.9 pts
95Georgia2.3-3.1 pts
96Samoa2.2-1.7 pts
97Isle of Man2.2+2.9 pts
98Puerto Rico2.2+0.2 pts
99Zimbabwe2.2+1.6 pts
100Belize2.1+2.3 pts
101Malta2.1-2.1 pts
102South Korea2.1-1.2 pts
103U.S. Virgin Islands2.1-1.1 pts
104Vanuatu2-3.5 pts
105Dominican Republic2-0.4 pts
106Costa Rica2-2 pts
107Belgium1.9+0.8 pts
108Portugal1.9-0.1 pts
109Vietnam1.8+3.5 pts
110Austria1.8-0.5 pts
111United Kingdom1.7+1.1 pts
112Kiribati1.7-1.4 pts
113Comoros1.7+2.2 pts
114Cape Verde1.7+0.1 pts
115Sweden1.7-0.6 pts
116Malaysia1.7+0.4 pts
117Hong Kong1.6-2 pts
118Mali1.6-1.2 pts
119Cambodia1.6-1.5 pts
120Guam1.6-0.9 pts
121Serbia1.5-0.6 pts
122Bahamas1.5-3.7 pts
123Czechia1.5+0.3 pts
124China1.5+1.3 pts
125Togo1.5-0.7 pts
126American Samoa1.4-0.1 pts
127Bosnia and Herzegovina1.3-0.1 pts
128Hungary1.3-1.5 pts
129San Marino1.3+2.1 pts
130Philippines1.3+2 pts
131Palestine1.3+5 pts
132Germany1.3-0.5 pts
133Italy1.2+0.5 pts
134Saint Kitts and Nevis1.2+1.4 pts
135Ecuador1.2+6.6 pts
136French Polynesia1.1-0.7 pts
137Cayman Islands1+0.7 pts
138Lithuania1+1 pts
139Morocco1-2.2 pts
140Senegal1-0.1 pts
141United States10 pts
142Jordan0.9-1.1 pts
143Pakistan0.9-3.5 pts
144Guyana0.9-2.1 pts
145Macao0.9-3.6 pts
146Slovenia0.90 pts
147Lebanon0.9-2.5 pts
148Algeria0.9+5.8 pts
149Canada0.7+1.6 pts
150Singapore0.7-2.4 pts
151Benin0.7-0.2 pts
152Cameroon0.7+0.4 pts
153El Salvador0.7-0.6 pts
154Latvia0.6+0.2 pts
155Japan0.6-1.5 pts
156Netherlands0.6-0.3 pts
157Tajikistan0.5-6.3 pts
158France0.5-0.6 pts
159Monaco0.5-0.6 pts
160Denmark0.40 pts
161Maldives0.4-7 pts
162Spain0.4-0.2 pts
163Bahrain0.4+9.1 pts
164Andorra0.3-0.3 pts
165Solomon Islands0.3-3 pts
166Djibouti0.3-1.4 pts
167Armenia0.3-0.9 pts
168Israel0.2-2.1 pts
169Timor-Leste0.1-7.1 pts
170Yemen0.1-46.3 pts
171Ireland0.1-8.8 pts
172Poland0.1-1.2 pts
173Finland0.1-1.6 pts
174Croatia0-0.1 pts
175Curaçao-0+0.4 pts
176Saint Lucia-0.1-3.3 pts
177Lesotho-0.3-10.5 pts
178Sint Maarten-0.3-4.3 pts
179Slovakia-0.4-0.2 pts
180Trinidad and Tobago-0.5+8.6 pts
181Antigua and Barbuda-0.5-3.3 pts
182Greece-0.5-0.3 pts
183Aruba-0.5-3 pts
184Cyprus-0.6+0.2 pts
185Saint Vincent and the Grenadines-0.6+0.1 pts
186Switzerland-0.6+0.7 pts
187Australia-0.7-0 pts
188Albania-0.9-1.6 pts
189Luxembourg-1.1-3.3 pts
190Côte d’Ivoire-1.2-6 pts
191Bolivia-1.4+3.3 pts
192Norway-1.6+1 pts
193Barbados-1.8-2.8 pts
194Afghanistan-2.2-4.6 pts
195Saudi Arabia-2.3+13.6 pts
196Seychelles-2.3-1.3 pts
197Republic of the Congo-3.5+13.8 pts
198Gabon-4.3+4.7 pts
199Turkmenistan-4.9+0.2 pts
200United Arab Emirates-5.4+10.6 pts
201Equatorial Guinea-6.3+13.9 pts
202Chad-6.5+0.5 pts
203Kuwait-6.8+19.1 pts
204Qatar-9+16.2 pts
205Oman-9.1+10 pts
206Brunei-9.2+8.4 pts
207Iraq-11.1+17.7 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. 4 countries with data in other periods have no value for 2016 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, 2016) [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, 2016. 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=2016. Accessed 18 Oct. 2026.

Chicago (author-date)

World Bank. 2026. Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG). Countries by inflation, GDP deflator, 2016. 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=2016.

Harvard

World Bank (2026) Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG), Countries by inflation, GDP deflator, 2016 [Dataset]. Available at: https://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG, via Invokely: https://invokely.ai/rankings/gdp-deflator-inflation/countries?period=2016 (Accessed: 18 October 2026).

BibTeX
@misc{world_countries_by_inflation_gdp_2016,
  author = {{World Bank}},
  title = {{Inflation, GDP deflator (annual \%) (NY.GDP.DEFL.KD.ZG): Countries by inflation, GDP deflator, 2016}},
  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=2016. 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, 2016
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=2016
Y2  - 2026/10/18
N1  - Accessed via Invokely, https://invokely.ai/rankings/gdp-deflator-inflation/countries?period=2016.
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 308.6% in 2016, according to the World Bank.

Which country has the lowest inflation, GDP deflator?

Iraq, with -11.1% in 2016.

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. 4 countries have no value for 2016 and are not ranked.

Inflation, GDP deflator: other rankings

Countries: more rankings