Data / Rankings / Inflation, GDP deflator / Countries

Countries by inflation, GDP deflator

Venezuela had the highest inflation, GDP deflator of 208 countries in 2018, at 225,652.2%. Guyana had the lowest, at -2.9%. The median was 2.8% and the figure for the World was 2.8%. Source: the World Bank.

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Highest225,652.2Venezuela
Lowest-2.9Guyana
Median2.8208 countries
World2.8History

Map of countries, 2018

United Arab Emirates: 7.6 %Afghanistan: 2.1 %Antigua and Barbuda: 1.4 %Albania: 1.5 %Armenia: 2.8 %Angola: 24.6 %Argentina: 42 %Austria: 1.8 %Australia: 1.8 %Azerbaijan: 12.2 %Bosnia and Herzegovina: 2.8 %Bangladesh: 5.8 %Belgium: 1.7 %Burkina Faso: 1.1 %Bulgaria: 4.2 %Burundi: -1.5 %Benin: 0.7 %Brunei: 9.2 %Bolivia: 2.5 %Brazil: 4.5 %Bahamas: 0.6 %Bhutan: 1.2 %Botswana: 0.1 %Belarus: 12.1 %Belize: 0.1 %Canada: 1.7 %Democratic Republic of the Congo: 29.8 %Central African Republic: -1.2 %Republic of the Congo: 22.2 %Switzerland: 0.7 %Côte d’Ivoire: 1.7 %Chile: 1.6 %Cameroon: 1.9 %China: 3.5 %Colombia: 4.6 %Costa Rica: 2.2 %Cuba: 1 %Cape Verde: 1.7 %Cyprus: 1 %Czechia: 2.8 %Germany: 1.9 %Djibouti: 0.7 %Denmark: 0.6 %Dominican Republic: 4.5 %Algeria: 6.2 %Ecuador: 1.8 %Estonia: 4.8 %Egypt: 21.2 %Spain: 1.2 %Ethiopia: 12.4 %Finland: 2 %Fiji: 1.4 %Faroe Islands: -0.4 %France: 1.1 %Gabon: 7.2 %United Kingdom: 2 %Georgia: 3.5 %Ghana: 10.6 %Greenland: 1.8 %Gambia: 7 %Guinea: 7.1 %Equatorial Guinea: 9.5 %Greece: -0.2 %Guatemala: 1.3 %Guinea-Bissau: -2.5 %Guyana: -2.9 %Hong Kong: 3.7 %Honduras: 1.9 %Croatia: 2 %Haiti: 6.5 %Hungary: 4.8 %Indonesia: 3.8 %Ireland: 0.9 %Israel: 0.7 %Isle of Man: 1.3 %India: 3.9 %Iraq: 18.2 %Iran: 32.9 %Iceland: 3.1 %Italy: 1.1 %Jamaica: 4.9 %Jordan: 2.3 %Japan: -0.1 %Kenya: 4.2 %Kyrgyzstan: 3.4 %Cambodia: 3.8 %Kiribati: 4 %South Korea: 0.6 %Kuwait: 11.3 %Cayman Islands: 2.7 %Kazakhstan: 9.2 %Laos: 1.9 %Lebanon: 5.5 %Sri Lanka: 4.3 %Liberia: -0.2 %Lesotho: 11.7 %Lithuania: 3.6 %Luxembourg: 1.8 %Latvia: 3.7 %Libya: 3.6 %Morocco: 0.9 %Moldova: 3.2 %Montenegro: 3.3 %Madagascar: 8.3 %North Macedonia: 3.9 %Mali: 1.5 %Myanmar: 5.3 %Mongolia: 8 %Mauritania: 4.6 %Mauritius: 1.7 %Malawi: 6.2 %Mexico: 5.2 %Malaysia: 0.6 %Mozambique: 3.8 %Namibia: 4.4 %New Caledonia: 2.8 %Niger: 0.8 %Nigeria: 10.2 %Nicaragua: 2.7 %Netherlands: 2.5 %Norway: 6.3 %Nepal: 4.4 %New Zealand: 1.9 %Oman: 11.7 %Panama: 0.7 %Peru: 2.3 %French Polynesia: -1.2 %Papua New Guinea: 9.8 %Philippines: 3.7 %Pakistan: 3.8 %Poland: 1.2 %Puerto Rico: 2 %Palestine: -0.3 %Portugal: 1.9 %Palau: -0.2 %Paraguay: 2 %Qatar: 12.4 %Romania: 6.2 %Serbia: 2 %Russia: 10 %Rwanda: 0.9 %Saudi Arabia: 15.9 %Solomon Islands: 7.9 %Sudan: 56 %Sweden: 2.6 %Singapore: 3.8 %Slovenia: 2.2 %Slovakia: 2.1 %Sierra Leone: 16 %Senegal: -0.7 %Somalia: 5 %Suriname: 5.7 %El Salvador: 1.7 %Syria: 13.2 %Eswatini: 3.3 %Chad: 3.9 %Togo: 0.5 %Thailand: 1.4 %Tajikistan: 2.5 %Timor-Leste: -1.4 %Turkmenistan: 1.2 %Tunisia: 7.9 %Türkiye: 16.7 %Trinidad and Tobago: 1 %Tanzania: 3 %Ukraine: 15.4 %Uganda: 4.4 %United States: 2.3 %Uruguay: 7.5 %Uzbekistan: 26.6 %Venezuela: 225,652.2 %Vietnam: 3.6 %Vanuatu: 3.2 %Samoa: 1.1 %Yemen: 14.9 %South Africa: 4 %Zambia: 7.4 %Zimbabwe: 3.6 %
  • Under 0
  • 0 and over
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%, 2018. 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, 2018

Venezuela: 225,652.2 %Venezuela225,652.2Sudan: 56 %Sudan56Argentina: 42 %Argentina42Iran: 32.9 %Iran32.9Democratic Republic of the Congo: 29.8 %Democratic Republic of the Congo29.8Uzbekistan: 26.6 %Uzbekistan26.6Angola: 24.6 %Angola24.6Republic of the Congo: 22.2 %Republic of the Congo22.2Egypt: 21.2 %Egypt21.2Iraq: 18.2 %Iraq18.2Nauru: 17.5 %Nauru17.5Türkiye: 16.7 %Türkiye16.7Sierra Leone: 16 %Sierra Leone16Saudi Arabia: 15.9 %Saudi Arabia15.9Ukraine: 15.4 %Ukraine15.4Yemen: 14.9 %Yemen14.9Syria: 13.2 %Syria13.2Qatar: 12.4 %Qatar12.4Ethiopia: 12.4 %Ethiopia12.4Azerbaijan: 12.2 %Azerbaijan12.2Belarus: 12.1 %Belarus12.1Oman: 11.7 %Oman11.7Lesotho: 11.7 %Lesotho11.7Kuwait: 11.3 %Kuwait11.3Ghana: 10.6 %Ghana10.6Nigeria: 10.2 %Nigeria10.2Russia: 10 %Russia10Papua New Guinea: 9.8 %Papua New Guinea9.8Equatorial Guinea: 9.5 %Equatorial Guinea9.5Brunei: 9.2 %Brunei9.2Kazakhstan: 9.2 %Kazakhstan9.2São Tomé and Príncipe: 8.9 %São Tomé and Príncipe8.9Micronesia: 8.7 %Micronesia8.7Dominica: 8.3 %Dominica8.3Madagascar: 8.3 %Madagascar8.3Mongolia: 8 %Mongolia8Tunisia: 7.9 %Tunisia7.9Solomon Islands: 7.9 %Solomon Islands7.9United Arab Emirates: 7.6 %United Arab Emirates7.6Uruguay: 7.5 %Uruguay7.5Venezuela: 225,652.2 %Venezuela225,652.2Sudan: 56 %Sudan56Argentina: 42 %Argentina42Iran: 32.9 %Iran32.9Democratic Republic of the Congo: 29.8 %Democratic Republic of the Congo29.8Uzbekistan: 26.6 %Uzbekistan26.6Angola: 24.6 %Angola24.6Republic of the Congo: 22.2 %Republic of the Congo22.2Egypt: 21.2 %Egypt21.2Iraq: 18.2 %Iraq18.2Nauru: 17.5 %Nauru17.5Türkiye: 16.7 %Türkiye16.7Sierra Leone: 16 %Sierra Leone16Saudi Arabia: 15.9 %Saudi Arabia15.9Ukraine: 15.4 %Ukraine15.4Yemen: 14.9 %Yemen14.9Syria: 13.2 %Syria13.2Qatar: 12.4 %Qatar12.4Ethiopia: 12.4 %Ethiopia12.4Azerbaijan: 12.2 %Azerbaijan12.2Belarus: 12.1 %Belarus12.1Oman: 11.7 %Oman11.7Lesotho: 11.7 %Lesotho11.7Kuwait: 11.3 %Kuwait11.3Ghana: 10.6 %Ghana10.6Nigeria: 10.2 %Nigeria10.2Russia: 10 %Russia10Papua New Guinea: 9.8 %Papua New Guinea9.8Equatorial Guinea: 9.5 %Equatorial Guinea9.5Brunei: 9.2 %Brunei9.2Kazakhstan: 9.2 %Kazakhstan9.2São Tomé and Príncipe: 8.9 %São Tomé and Príncipe8.9Micronesia: 8.7 %Micronesia8.7Dominica: 8.3 %Dominica8.3Madagascar: 8.3 %Madagascar8.3Mongolia: 8 %Mongolia8Tunisia: 7.9 %Tunisia7.9Solomon Islands: 7.9 %Solomon Islands7.9United Arab Emirates: 7.6 %United Arab Emirates7.6Uruguay: 7.5 %Uruguay7.5
%. Source: World Bank, Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG). Retrieved 2026-10-18.

Full ranking

RankCountries2018 (%)Change on 2017
1Venezuela225,652.2+224,602.4 pts
2Sudan56+21.4 pts
3Argentina42+16 pts
4Iran32.9+20.1 pts
5Democratic Republic of the Congo29.8-5.4 pts
6Uzbekistan26.6+5 pts
7Angola24.6+0.9 pts
8Republic of the Congo22.2+9.9 pts
9Egypt21.2-8.3 pts
10Iraq18.2+3.6 pts
11Nauru17.5+2 pts
12Türkiye16.7+5.6 pts
13Sierra Leone16+8.5 pts
14Saudi Arabia15.9+9.6 pts
15Ukraine15.4-6.7 pts
16Yemen14.9-3.7 pts
17Syria13.2-24 pts
18Qatar12.4+4.6 pts
19Ethiopia12.4+5.7 pts
20Azerbaijan12.2-4 pts
21Belarus12.1+3.5 pts
22Oman11.7+4.4 pts
23Lesotho11.7+9.7 pts
24Kuwait11.3-4.9 pts
25Ghana10.6-0.1 pts
26Nigeria10.2-0.9 pts
27Russia10+4.7 pts
28Papua New Guinea9.8+2.1 pts
29Equatorial Guinea9.5-3.2 pts
30Brunei9.2+4.3 pts
31Kazakhstan9.2-2 pts
32São Tomé and Príncipe8.9+4.8 pts
33Micronesia8.7+0.5 pts
34Dominica8.3+8.9 pts
35Madagascar8.3+3.3 pts
36Mongolia8-2.8 pts
37Tunisia7.9+3.2 pts
38Solomon Islands7.9+5.3 pts
39United Arab Emirates7.6+0.8 pts
40Uruguay7.5+1.8 pts
41Zambia7.4-2.7 pts
42Tuvalu7.3+4.3 pts
43Gabon7.2+3.4 pts
44Guinea7.1-3.3 pts
45Gambia7+3 pts
46Haiti6.5-7.2 pts
47Norway6.3+2.3 pts
48Romania6.2+1.5 pts
49Algeria6.2+1.2 pts
50Malawi6.2-4.4 pts
51Tonga5.9+0.3 pts
52Bangladesh5.8+0.8 pts
53Suriname5.7-22.5 pts
54Lebanon5.5+2.8 pts
55Myanmar5.3-0.5 pts
56Mexico5.2-1.4 pts
57Somalia5+4.4 pts
58Jamaica4.9-1 pts
59Estonia4.8+1.1 pts
60Hungary4.8+0.8 pts
61Colombia4.6-0.5 pts
62Mauritania4.6+3 pts
63Dominican Republic4.5+0.6 pts
64Brazil4.5+0.8 pts
65Uganda4.4-0.2 pts
66Namibia4.4-5.5 pts
67Nepal4.4-3.9 pts
68Sri Lanka4.3-1.2 pts
69Bulgaria4.2-0.6 pts
70Kenya4.2-3.4 pts
71Bahrain4.2-0.4 pts
72Kiribati4+3 pts
73South Africa4-1.5 pts
74North Macedonia3.9+1.1 pts
75India3.9-0.1 pts
76Chad3.9+1.8 pts
77Pakistan3.8-0.2 pts
78Indonesia3.8-0.5 pts
79Cambodia3.8+1.7 pts
80Mozambique3.8-4.2 pts
81Singapore3.8+0.8 pts
82Philippines3.7+1.4 pts
83Latvia3.7+1 pts
84Hong Kong3.7+0.8 pts
85Vietnam3.6-0.7 pts
86Libya3.6+1.8 pts
87Northern Mariana Islands3.6+0.6 pts
88Lithuania3.6-0.5 pts
89Zimbabwe3.6-193.9 pts
90Macao3.6+1.4 pts
91Georgia3.5-4.1 pts
92China3.5-0.7 pts
93Kyrgyzstan3.4-2.9 pts
94Seychelles3.4+1.1 pts
95Maldives3.4+1.3 pts
96Montenegro3.3-1.4 pts
97Eswatini3.3-1.7 pts
98Vanuatu3.2-1.5 pts
99Moldova3.2-3 pts
100Iceland3.1+1.5 pts
101Tanzania3+0.3 pts
102Barbados2.9+0.6 pts
103Czechia2.8+1.1 pts
104Bosnia and Herzegovina2.8+1 pts
105Armenia2.8+0.6 pts
106New Caledonia2.8n/a
107Turks and Caicos Islands2.8+45.7 pts
108Cayman Islands2.7+0.7 pts
109Nicaragua2.7-1.5 pts
110Aruba2.6+2.5 pts
111Sweden2.6+0.4 pts
112Curaçao2.6+1 pts
113Netherlands2.5+1.1 pts
114Tajikistan2.5-7.3 pts
115Bolivia2.5-27.4 pts
116United States2.3+0.5 pts
117Peru2.3-1.3 pts
118Jordan2.3+0.6 pts
119Costa Rica2.2-0.7 pts
120Slovenia2.2+0.9 pts
121Slovakia2.1+0.9 pts
122Afghanistan2.1-0.3 pts
123San Marino2.1+0.3 pts
124Puerto Rico2-0 pts
125Croatia2+0.8 pts
126Serbia2-1 pts
127Finland2+1.2 pts
128United Kingdom2+0.4 pts
129Paraguay2-0.2 pts
130Honduras1.9-2.6 pts
131Laos1.9+0.1 pts
132Cameroon1.9+0.9 pts
133New Zealand1.9-1.8 pts
134Germany1.9+0.4 pts
135Portugal1.9+0.3 pts
136Greenland1.8-1.4 pts
137Australia1.8-1.8 pts
138Luxembourg1.8-0.3 pts
139Comoros1.8+1.4 pts
140Ecuador1.8+0.9 pts
141Austria1.8+0.8 pts
142Malta1.8-0.3 pts
143Mauritius1.7+0.1 pts
144Belgium1.7-0.3 pts
145El Salvador1.7+0.7 pts
146Cape Verde1.7+0.4 pts
147American Samoa1.7+3.6 pts
148Côte d’Ivoire1.7+2.7 pts
149Canada1.7-0.9 pts
150Bermuda1.6+1.7 pts
151Chile1.6-3.2 pts
152Saint Vincent and the Grenadines1.5-0.5 pts
153U.S. Virgin Islands1.5+0.9 pts
154Mali1.5-0.2 pts
155Guam1.5+0.5 pts
156Albania1.5-1.3 pts
157Antigua and Barbuda1.4+1.1 pts
158Thailand1.4-0.5 pts
159Fiji1.4-0.3 pts
160Isle of Man1.3-2.7 pts
161Guatemala1.3-0.5 pts
162Poland1.2-0.5 pts
163Turkmenistan1.2+2.7 pts
164Spain1.2-0.1 pts
165Bhutan1.2-3.2 pts
166Monaco1.1+0.5 pts
167France1.1+0.5 pts
168Samoa1.1+0.8 pts
169Burkina Faso1.1-0.3 pts
170Italy1.1+0.4 pts
171Trinidad and Tobago1-6.8 pts
172Cuba1-3.1 pts
173Cyprus10 pts
174Andorra1-0.1 pts
175Morocco0.9+1 pts
176Ireland0.9-0.6 pts
177Rwanda0.9-6.6 pts
178Niger0.8-1.1 pts
179Switzerland0.7+1.1 pts
180Israel0.7+0.8 pts
181Panama0.7-1.1 pts
182Benin0.7+1 pts
183Djibouti0.7+0.1 pts
184Malaysia0.6-3.2 pts
185Denmark0.6-0.5 pts
186Bahamas0.6-0.8 pts
187South Korea0.6-1.5 pts
188Togo0.5+1.3 pts
189Saint Lucia0.2-3.2 pts
190Botswana0.1+2.7 pts
191Belize0.1-3 pts
192Sint Maarten-0.1-2.7 pts
193Japan-0.1-0.1 pts
194Saint Kitts and Nevis-0.1-4.9 pts
195Palau-0.2+0.8 pts
196Liberia-0.2+2.4 pts
197Greece-0.2-0.4 pts
198Palestine-0.3-3.5 pts
199Faroe Islands-0.4-0.8 pts
200Senegal-0.7-1.1 pts
201Grenada-0.7-2.2 pts
202French Polynesia-1.2-0.9 pts
203Central African Republic-1.2-7.7 pts
204Timor-Leste-1.4-1.1 pts
205Burundi-1.5-14.8 pts
206Marshall Islands-2.4-4.7 pts
207Guinea-Bissau-2.5-13.1 pts
208Guyana-2.9-5 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 2018 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, 2018) [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, 2018. 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=2018. Accessed 18 Oct. 2026.

Chicago (author-date)

World Bank. 2026. Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG). Countries by inflation, GDP deflator, 2018. 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=2018.

Harvard

World Bank (2026) Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG), Countries by inflation, GDP deflator, 2018 [Dataset]. Available at: https://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG, via Invokely: https://invokely.ai/rankings/gdp-deflator-inflation/countries?period=2018 (Accessed: 18 October 2026).

BibTeX
@misc{world_countries_by_inflation_gdp_2018,
  author = {{World Bank}},
  title = {{Inflation, GDP deflator (annual \%) (NY.GDP.DEFL.KD.ZG): Countries by inflation, GDP deflator, 2018}},
  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=2018. 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, 2018
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=2018
Y2  - 2026/10/18
N1  - Accessed via Invokely, https://invokely.ai/rankings/gdp-deflator-inflation/countries?period=2018.
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 225,652.2% in 2018, according to the World Bank.

Which country has the lowest inflation, GDP deflator?

Guyana, with -2.9% in 2018.

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 2018 and are not ranked.

Inflation, GDP deflator: other rankings

Countries: more rankings