Data / Rankings / Inflation, GDP deflator / Countries

Countries by inflation, GDP deflator

Venezuela had the highest inflation, GDP deflator of 207 countries in 2019, at 21,909.3%. Nauru had the lowest, at -4.6%. The median was 2.4% and the figure for the World was 2.4%. Source: the World Bank.

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Highest21,909.3Venezuela
Lowest-4.6Nauru
Median2.4207 countries
World2.4History

Map of countries, 2019

United Arab Emirates: -2.7 %Afghanistan: 6.5 %Antigua and Barbuda: 0.7 %Albania: 1 %Armenia: 1.1 %Angola: 20.2 %Argentina: 49.2 %Austria: 1.5 %Australia: 3.5 %Azerbaijan: -0.2 %Bosnia and Herzegovina: 2.5 %Bangladesh: 3.7 %Belgium: 1.9 %Burkina Faso: 0.5 %Bulgaria: 5.3 %Burundi: 0.3 %Benin: -0.4 %Brunei: -3.3 %Bolivia: -0.2 %Brazil: 4.2 %Bahamas: 4.4 %Bhutan: 3.1 %Botswana: 0.5 %Belarus: 8.6 %Belize: -0.1 %Canada: 1.5 %Democratic Republic of the Congo: 1.4 %Central African Republic: 2.3 %Republic of the Congo: -1.3 %Switzerland: -0.1 %Côte d’Ivoire: 2 %Chile: 2.6 %Cameroon: 1.2 %China: 1.3 %Colombia: 4 %Costa Rica: 2.6 %Cuba: 3.5 %Cape Verde: 0.7 %Cyprus: 1.4 %Czechia: 3.8 %Germany: 2 %Djibouti: 0.4 %Denmark: 1 %Dominican Republic: 3.6 %Algeria: 0.9 %Ecuador: -0.1 %Estonia: 3.8 %Egypt: 13.6 %Spain: 1.4 %Ethiopia: 12.9 %Finland: 1.5 %Fiji: -0.3 %Faroe Islands: 3.5 %France: 1.2 %Gabon: 1.5 %United Kingdom: 2.5 %Georgia: 4 %Ghana: 8.5 %Greenland: 0.7 %Gambia: 6.3 %Guinea: 9.4 %Equatorial Guinea: -3.2 %Greece: 0.2 %Guatemala: 3.6 %Guinea-Bissau: 2.9 %Guyana: 3 %Hong Kong: 2 %Honduras: 3.4 %Croatia: 2 %Haiti: 19.8 %Hungary: 4.8 %Indonesia: 1.6 %Ireland: 3.4 %Israel: 1.9 %Isle of Man: 1.8 %India: 2.4 %Iraq: -2.7 %Iran: 30.9 %Iceland: 4.8 %Italy: 1 %Jamaica: 2.6 %Jordan: 0.7 %Japan: 0.8 %Kenya: 4.3 %Kyrgyzstan: 9.8 %Cambodia: 2.8 %Kiribati: -3.5 %South Korea: -0.6 %Kuwait: -0.1 %Cayman Islands: 3.4 %Kazakhstan: 7.6 %Laos: 1.2 %Lebanon: 4.1 %Sri Lanka: 3.9 %Liberia: -0.6 %Lesotho: 3.6 %Lithuania: 2.4 %Luxembourg: 0.9 %Latvia: 4.3 %Libya: 4.2 %Morocco: 0.8 %Moldova: 5.4 %Montenegro: 2 %Madagascar: 6.5 %North Macedonia: 0.9 %Mali: 1 %Myanmar: 5.4 %Mongolia: 10 %Mauritania: 5.3 %Mauritius: -0.5 %Malawi: 7.7 %Mexico: 4.3 %Malaysia: 0.1 %Mozambique: 4.7 %Namibia: 0.9 %New Caledonia: 2.4 %Niger: -3.5 %Nigeria: 55.4 %Nicaragua: 5.4 %Netherlands: 3 %Norway: -0.5 %Nepal: 4.7 %New Zealand: 3.3 %Oman: -2.7 %Panama: 0.5 %Peru: 1.9 %French Polynesia: 0.8 %Papua New Guinea: 1.1 %Philippines: 0.7 %Pakistan: 9 %Poland: 3 %Puerto Rico: 2.4 %Palestine: 3.8 %Portugal: 1.8 %Palau: -2.5 %Paraguay: 3.1 %Qatar: -4.5 %Romania: 7 %Serbia: 2.3 %Russia: 3.3 %Rwanda: 4.2 %Saudi Arabia: -1.4 %Solomon Islands: 1.2 %Sudan: 52 %Sweden: 2.4 %Singapore: -0.3 %Slovenia: 2.3 %Slovakia: 2.4 %Sierra Leone: 9.9 %Senegal: 2.1 %Somalia: 11.9 %Suriname: 5.2 %El Salvador: 0.8 %Syria: 19.8 %Eswatini: 2 %Chad: -2.7 %Togo: 0 %Thailand: 1 %Tajikistan: 3.7 %Timor-Leste: 5.2 %Turkmenistan: 3.8 %Tunisia: 7.2 %Türkiye: 14.2 %Trinidad and Tobago: -2.4 %Tanzania: 2.3 %Ukraine: 8.2 %Uganda: 3 %United States: 1.7 %Uruguay: 8.3 %Uzbekistan: 17.3 %Venezuela: 21,909.3 %Vietnam: 2.4 %Vanuatu: 3.5 %Samoa: 1.5 %South Africa: 4.6 %Zambia: 7.6 %Zimbabwe: 397.2 %
  • Under 0
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%, 2019. 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, 2019

Venezuela: 21,909.3 %Venezuela21,909.3Zimbabwe: 397.2 %Zimbabwe397.2Nigeria: 55.4 %Nigeria55.4Sudan: 52 %Sudan52Argentina: 49.2 %Argentina49.2Iran: 30.9 %Iran30.9Angola: 20.2 %Angola20.2Syria: 19.8 %Syria19.8Haiti: 19.8 %Haiti19.8Uzbekistan: 17.3 %Uzbekistan17.3Türkiye: 14.2 %Türkiye14.2Egypt: 13.6 %Egypt13.6Ethiopia: 12.9 %Ethiopia12.9Somalia: 11.9 %Somalia11.9São Tomé and Príncipe: 11.3 %São Tomé and Príncipe11.3Mongolia: 10 %Mongolia10Sierra Leone: 9.9 %Sierra Leone9.9Kyrgyzstan: 9.8 %Kyrgyzstan9.8Guinea: 9.4 %Guinea9.4Pakistan: 9 %Pakistan9Belarus: 8.6 %Belarus8.6Ghana: 8.5 %Ghana8.5Uruguay: 8.3 %Uruguay8.3Ukraine: 8.2 %Ukraine8.2Malawi: 7.7 %Malawi7.7Zambia: 7.6 %Zambia7.6Kazakhstan: 7.6 %Kazakhstan7.6Tunisia: 7.2 %Tunisia7.2Romania: 7 %Romania7Madagascar: 6.5 %Madagascar6.5Afghanistan: 6.5 %Afghanistan6.5Tonga: 6.5 %Tonga6.5Gambia: 6.3 %Gambia6.3Tuvalu: 5.6 %Tuvalu5.6Myanmar: 5.4 %Myanmar5.4Nicaragua: 5.4 %Nicaragua5.4Moldova: 5.4 %Moldova5.4Mauritania: 5.3 %Mauritania5.3Bulgaria: 5.3 %Bulgaria5.3Suriname: 5.2 %Suriname5.2Venezuela: 21,909.3 %Venezuela21,909.3Zimbabwe: 397.2 %Zimbabwe397.2Nigeria: 55.4 %Nigeria55.4Sudan: 52 %Sudan52Argentina: 49.2 %Argentina49.2Iran: 30.9 %Iran30.9Angola: 20.2 %Angola20.2Syria: 19.8 %Syria19.8Haiti: 19.8 %Haiti19.8Uzbekistan: 17.3 %Uzbekistan17.3Türkiye: 14.2 %Türkiye14.2Egypt: 13.6 %Egypt13.6Ethiopia: 12.9 %Ethiopia12.9Somalia: 11.9 %Somalia11.9São Tomé and Príncipe: 11.3 %São Tomé and Príncipe11.3Mongolia: 10 %Mongolia10Sierra Leone: 9.9 %Sierra Leone9.9Kyrgyzstan: 9.8 %Kyrgyzstan9.8Guinea: 9.4 %Guinea9.4Pakistan: 9 %Pakistan9Belarus: 8.6 %Belarus8.6Ghana: 8.5 %Ghana8.5Uruguay: 8.3 %Uruguay8.3Ukraine: 8.2 %Ukraine8.2Malawi: 7.7 %Malawi7.7Zambia: 7.6 %Zambia7.6Kazakhstan: 7.6 %Kazakhstan7.6Tunisia: 7.2 %Tunisia7.2Romania: 7 %Romania7Madagascar: 6.5 %Madagascar6.5Afghanistan: 6.5 %Afghanistan6.5Tonga: 6.5 %Tonga6.5Gambia: 6.3 %Gambia6.3Tuvalu: 5.6 %Tuvalu5.6Myanmar: 5.4 %Myanmar5.4Nicaragua: 5.4 %Nicaragua5.4Moldova: 5.4 %Moldova5.4Mauritania: 5.3 %Mauritania5.3Bulgaria: 5.3 %Bulgaria5.3Suriname: 5.2 %Suriname5.2
%. Source: World Bank, Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG). Retrieved 2026-10-18.

Full ranking

RankCountries2019 (%)Change on 2018
1Venezuela21,909.3-203,742.9 pts
2Zimbabwe397.2+393.6 pts
3Nigeria55.4+45.2 pts
4Sudan52-4 pts
5Argentina49.2+7.2 pts
6Iran30.9-2 pts
7Angola20.2-4.4 pts
8Syria19.8+6.6 pts
9Haiti19.8+13.3 pts
10Uzbekistan17.3-9.3 pts
11Türkiye14.2-2.6 pts
12Egypt13.6-7.6 pts
13Ethiopia12.9+0.5 pts
14Somalia11.9+6.9 pts
15São Tomé and Príncipe11.3+2.3 pts
16Mongolia10+2 pts
17Sierra Leone9.9-6.1 pts
18Kyrgyzstan9.8+6.4 pts
19Guinea9.4+2.3 pts
20Pakistan9+5.2 pts
21Belarus8.6-3.6 pts
22Ghana8.5-2.1 pts
23Uruguay8.3+0.7 pts
24Ukraine8.2-7.2 pts
25Malawi7.7+1.6 pts
26Zambia7.6+0.2 pts
27Kazakhstan7.6-1.6 pts
28Tunisia7.2-0.8 pts
29Romania7+0.8 pts
30Madagascar6.5-1.8 pts
31Afghanistan6.5+4.5 pts
32Tonga6.5+0.6 pts
33Gambia6.3-0.7 pts
34Tuvalu5.6-1.7 pts
35Myanmar5.4+0.1 pts
36Nicaragua5.4+2.7 pts
37Moldova5.4+2.1 pts
38Mauritania5.3+0.8 pts
39Bulgaria5.3+1 pts
40Suriname5.2-0.5 pts
41Timor-Leste5.2+6.5 pts
42Iceland4.8+1.7 pts
43Hungary4.8-0.1 pts
44Nepal4.7+0.3 pts
45Mozambique4.7+0.9 pts
46South Africa4.6+0.6 pts
47Bahamas4.4+3.9 pts
48Mexico4.3-0.9 pts
49Latvia4.3+0.6 pts
50Kenya4.3+0.1 pts
51Brazil4.2-0.3 pts
52Comoros4.2+2.4 pts
53Libya4.2+0.6 pts
54Rwanda4.2+3.3 pts
55Lebanon4.1-1.4 pts
56Colombia4-0.6 pts
57Georgia4+0.5 pts
58Sri Lanka3.9-0.4 pts
59Palestine3.8+4.2 pts
60Czechia3.8+1 pts
61Estonia3.8-1 pts
62Turkmenistan3.8+2.5 pts
63Tajikistan3.7+1.2 pts
64Bangladesh3.7-2.1 pts
65Dominican Republic3.6-0.9 pts
66Lesotho3.6-8.1 pts
67Guatemala3.6+2.3 pts
68Cuba3.5+2.5 pts
69Faroe Islands3.5+3.9 pts
70Vanuatu3.5+0.2 pts
71Australia3.5+1.6 pts
72Ireland3.4+2.5 pts
73Cayman Islands3.4+0.7 pts
74Honduras3.4+1.4 pts
75Grenada3.3+4 pts
76New Zealand3.3+1.4 pts
77Russia3.3-6.7 pts
78Bhutan3.1+2 pts
79Paraguay3.1+1.1 pts
80Netherlands3+0.5 pts
81Poland3+1.8 pts
82Uganda3-1.4 pts
83Guyana3+5.8 pts
84Guinea-Bissau2.9+5.4 pts
85Cambodia2.8-1 pts
86Jamaica2.6-2.3 pts
87Curaçao2.60 pts
88Costa Rica2.6+0.4 pts
89Chile2.6+1 pts
90Barbados2.5-0.4 pts
91Malta2.5+0.7 pts
92Bosnia and Herzegovina2.5-0.3 pts
93Saint Lucia2.5+2.2 pts
94United Kingdom2.5+0.5 pts
95Guam2.4+1 pts
96New Caledonia2.4-0.3 pts
97Sweden2.4-0.2 pts
98Vietnam2.4-1.2 pts
99Bermuda2.4+0.8 pts
100Puerto Rico2.4+0.4 pts
101India2.4-1.5 pts
102Macao2.4-1.1 pts
103Slovakia2.4+0.3 pts
104Lithuania2.4-1.2 pts
105Serbia2.3+0.3 pts
106Slovenia2.3+0.2 pts
107Northern Mariana Islands2.3-1.3 pts
108Central African Republic2.3+3.6 pts
109Tanzania2.3-0.7 pts
110Saint Vincent and the Grenadines2.3+0.7 pts
111Senegal2.1+2.8 pts
112U.S. Virgin Islands2.1+0.6 pts
113Hong Kong2-1.6 pts
114Germany2+0.1 pts
115Croatia2-0 pts
116Montenegro2-1.3 pts
117Côte d’Ivoire2+0.3 pts
118Eswatini2-1.3 pts
119Israel1.9+1.2 pts
120Peru1.9-0.4 pts
121Belgium1.9+0.1 pts
122Portugal1.8-0 pts
123Isle of Man1.8+0.5 pts
124American Samoa1.7+0.1 pts
125United States1.7-0.6 pts
126Indonesia1.6-2.2 pts
127Gabon1.5-5.6 pts
128Canada1.5-0.1 pts
129Samoa1.5+0.4 pts
130Finland1.5-0.5 pts
131Austria1.5-0.3 pts
132Spain1.4+0.2 pts
133Democratic Republic of the Congo1.4-28.4 pts
134Andorra1.4+0.4 pts
135Cyprus1.4+0.3 pts
136China1.3-2.2 pts
137Solomon Islands1.2-6.6 pts
138France1.2+0.1 pts
139Monaco1.2+0.1 pts
140Laos1.2-0.7 pts
141Cameroon1.2-0.7 pts
142Armenia1.1-1.7 pts
143Papua New Guinea1.1-8.7 pts
144Italy1-0 pts
145Thailand1-0.4 pts
146Mali1-0.5 pts
147Albania1-0.5 pts
148Denmark1+0.4 pts
149Aruba0.9-1.7 pts
150Namibia0.9-3.5 pts
151Luxembourg0.9-0.9 pts
152San Marino0.9-1.2 pts
153Algeria0.9-5.3 pts
154North Macedonia0.9-3.1 pts
155El Salvador0.8-0.9 pts
156French Polynesia0.8+2 pts
157Morocco0.8-0.1 pts
158Japan0.8+0.9 pts
159Sint Maarten0.8+0.9 pts
160Greenland0.7-1.1 pts
161Antigua and Barbuda0.7-0.7 pts
162Philippines0.7-3 pts
163Cape Verde0.7-1 pts
164Jordan0.7-1.6 pts
165Panama0.5-0.2 pts
166Burkina Faso0.5-0.6 pts
167Botswana0.5+0.5 pts
168Djibouti0.4-0.2 pts
169Burundi0.3+1.8 pts
170Greece0.2+0.5 pts
171Bahrain0.2-4 pts
172Seychelles0.1-3.3 pts
173Malaysia0.1-0.6 pts
174Togo0-0.4 pts
175Saint Kitts and Nevis-0+0.1 pts
176Ecuador-0.1-1.9 pts
177Belize-0.1-0.1 pts
178Switzerland-0.1-0.8 pts
179Kuwait-0.1-11.4 pts
180Bolivia-0.2-2.7 pts
181Azerbaijan-0.2-12.4 pts
182Fiji-0.3-1.7 pts
183Singapore-0.3-4.1 pts
184Benin-0.4-1.1 pts
185Norway-0.5-6.8 pts
186Mauritius-0.5-2.2 pts
187Liberia-0.6-0.4 pts
188Turks and Caicos Islands-0.6-3.4 pts
189South Korea-0.6-1.2 pts
190Maldives-1-4.3 pts
191Republic of the Congo-1.3-23.6 pts
192Dominica-1.3-9.7 pts
193Saudi Arabia-1.4-17.2 pts
194Trinidad and Tobago-2.4-3.4 pts
195Palau-2.5-2.3 pts
196Chad-2.7-6.5 pts
197Oman-2.7-14.4 pts
198Iraq-2.7-20.9 pts
199United Arab Emirates-2.7-10.3 pts
200Equatorial Guinea-3.2-12.7 pts
201Micronesia-3.3-12 pts
202Brunei-3.3-12.5 pts
203Niger-3.5-4.4 pts
204Kiribati-3.5-7.5 pts
205Marshall Islands-4.2-1.7 pts
206Qatar-4.5-16.9 pts
207Nauru-4.6-22.2 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. 4 countries with data in other periods have no value for 2019 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, 2019) [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, 2019. 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=2019. Accessed 18 Oct. 2026.

Chicago (author-date)

World Bank. 2026. Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG). Countries by inflation, GDP deflator, 2019. 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=2019.

Harvard

World Bank (2026) Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG), Countries by inflation, GDP deflator, 2019 [Dataset]. Available at: https://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG, via Invokely: https://invokely.ai/rankings/gdp-deflator-inflation/countries?period=2019 (Accessed: 18 October 2026).

BibTeX
@misc{world_countries_by_inflation_gdp_2019,
  author = {{World Bank}},
  title = {{Inflation, GDP deflator (annual \%) (NY.GDP.DEFL.KD.ZG): Countries by inflation, GDP deflator, 2019}},
  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=2019. 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, 2019
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=2019
Y2  - 2026/10/18
N1  - Accessed via Invokely, https://invokely.ai/rankings/gdp-deflator-inflation/countries?period=2019.
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 21,909.3% in 2019, according to the World Bank.

Which country has the lowest inflation, GDP deflator?

Nauru, with -4.6% in 2019.

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 2019 and are not ranked.

Inflation, GDP deflator: other rankings

Countries: more rankings