Data / Rankings / Inflation, GDP deflator / Countries

Countries by inflation, GDP deflator

Venezuela had the highest inflation, GDP deflator of 207 countries in 2020, at 1,885.5%. Guyana had the lowest, at -26.3%. The median was 2% and the figure for the World was 2%. Source: the World Bank.

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Highest1,885.5Venezuela
Lowest-26.3Guyana
Median2207 countries
World2History

Map of countries, 2020

United Arab Emirates: -9.9 %Afghanistan: 7 %Antigua and Barbuda: 0.8 %Albania: 0 %Armenia: 1.8 %Angola: 16.2 %Argentina: 40.1 %Austria: 2.6 %Australia: 1.9 %Azerbaijan: -7.5 %Bosnia and Herzegovina: 0.1 %Bangladesh: 3.8 %Belgium: 1.6 %Burkina Faso: 6.5 %Bulgaria: 4.3 %Burundi: 14.4 %Benin: 2.9 %Brunei: -10.9 %Bolivia: -1.2 %Brazil: 6.5 %Bahamas: -2.3 %Bhutan: 5.3 %Botswana: 4.4 %Belarus: 11.9 %Belize: -0.6 %Canada: 1.1 %Democratic Republic of the Congo: 11.1 %Central African Republic: 2 %Republic of the Congo: -14 %Switzerland: -0.8 %Côte d’Ivoire: 1.8 %Chile: 9.7 %Cameroon: 0.7 %China: 0.5 %Colombia: 1.5 %Costa Rica: 0.8 %Cuba: 16.6 %Cape Verde: 0.4 %Cyprus: -1.2 %Czechia: 4.5 %Germany: 1.8 %Djibouti: 0.6 %Denmark: 2.8 %Dominican Republic: 5.5 %Algeria: -4.7 %Ecuador: -1.8 %Estonia: 0.8 %Egypt: 6.2 %Spain: 1.1 %Ethiopia: 18.3 %Finland: 1.6 %Fiji: -4.1 %Faroe Islands: -0.1 %France: 3 %Gabon: -9 %United Kingdom: 4.8 %Georgia: 6.8 %Ghana: 9.4 %Greenland: 0.9 %Gambia: 2.2 %Guinea: 4.2 %Equatorial Guinea: -10.2 %Greece: -0.4 %Guatemala: 2.9 %Guinea-Bissau: 2 %Guyana: -26.3 %Hong Kong: 0.6 %Honduras: 3.4 %Croatia: 0.8 %Haiti: 18.7 %Hungary: 6.4 %Indonesia: -0.4 %Ireland: -2.1 %Israel: 1.2 %Isle of Man: -0.2 %India: 4.8 %Iraq: -11.2 %Iran: 46.6 %Iceland: 4.3 %Italy: 1.6 %Jamaica: 2.6 %Jordan: -0.3 %Japan: 1.2 %Kenya: 4.9 %Kyrgyzstan: 5.3 %Cambodia: -0.8 %Kiribati: 4.2 %South Korea: 1.6 %Kuwait: -16.5 %Cayman Islands: 0.1 %Kazakhstan: 4.2 %Laos: 5 %Lebanon: 85.5 %Sri Lanka: 3.1 %Liberia: -1.4 %Lesotho: 6.5 %Lithuania: 2 %Luxembourg: 3.9 %Latvia: 2.4 %Libya: -4.8 %Morocco: 0.1 %Moldova: 5.6 %Montenegro: -0.5 %Madagascar: 4.3 %North Macedonia: 1.4 %Mali: 0.5 %Myanmar: 5.3 %Mongolia: 3.7 %Mauritania: 6.4 %Mauritius: 2.1 %Malawi: 6.2 %Mexico: 4.6 %Malaysia: -0.8 %Mozambique: 3.2 %Namibia: 4.6 %New Caledonia: 0.4 %Niger: 3.3 %Nigeria: 11.3 %Nicaragua: 6.3 %Netherlands: 2.4 %Norway: -2.3 %Nepal: 3.2 %New Zealand: 1.9 %Oman: -10.8 %Panama: -0.5 %Peru: 3.7 %French Polynesia: 1.7 %Papua New Guinea: 1.6 %Philippines: 1.7 %Pakistan: 9.9 %Poland: 4.2 %Puerto Rico: 2.4 %Palestine: 2.2 %Portugal: 2.1 %Palau: -2.3 %Paraguay: 2.2 %Qatar: -15.1 %Romania: 4.1 %Serbia: 2.6 %Russia: 0.9 %Rwanda: 7.6 %Saudi Arabia: -10.2 %Solomon Islands: -1.3 %Sudan: 115.7 %Sweden: 1.8 %Singapore: -2.2 %Slovenia: 1.2 %Slovakia: 2.4 %Sierra Leone: 13.3 %Senegal: 1.6 %Somalia: 5.4 %Suriname: 45.2 %El Salvador: 0.7 %Syria: 64.9 %Eswatini: 5.2 %Chad: -1.2 %Togo: 2.9 %Thailand: -1.3 %Tajikistan: 1.7 %Timor-Leste: -19.2 %Turkmenistan: -4.5 %Tunisia: 6.8 %Türkiye: 14.7 %Trinidad and Tobago: -2.5 %Tanzania: 6.4 %Ukraine: 10.3 %Uganda: 2.7 %United States: 1.3 %Uruguay: 10.7 %Uzbekistan: 11.9 %Venezuela: 1,885.5 %Vietnam: 1.5 %Vanuatu: 2.2 %Samoa: 1.2 %South Africa: 5.4 %Zambia: 13.9 %Zimbabwe: 586 %
  • Under 0
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  • 10 and over
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%, 2020. 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, 2020

Venezuela: 1,885.5 %Venezuela1,885.5Zimbabwe: 586 %Zimbabwe586Sudan: 115.7 %Sudan115.7Lebanon: 85.5 %Lebanon85.5Syria: 64.9 %Syria64.9Iran: 46.6 %Iran46.6Suriname: 45.2 %Suriname45.2Argentina: 40.1 %Argentina40.1Haiti: 18.7 %Haiti18.7Ethiopia: 18.3 %Ethiopia18.3Cuba: 16.6 %Cuba16.6Angola: 16.2 %Angola16.2Türkiye: 14.7 %Türkiye14.7Burundi: 14.4 %Burundi14.4Zambia: 13.9 %Zambia13.9Sierra Leone: 13.3 %Sierra Leone13.3Uzbekistan: 11.9 %Uzbekistan11.9Belarus: 11.9 %Belarus11.9Nigeria: 11.3 %Nigeria11.3Democratic Republic of the Congo: 11.1 %Democratic Republic of the Congo11.1Uruguay: 10.7 %Uruguay10.7Ukraine: 10.3 %Ukraine10.3Pakistan: 9.9 %Pakistan9.9Chile: 9.7 %Chile9.7Ghana: 9.4 %Ghana9.4São Tomé and Príncipe: 9.3 %São Tomé and Príncipe9.3Rwanda: 7.6 %Rwanda7.6Afghanistan: 7 %Afghanistan7Georgia: 6.8 %Georgia6.8Marshall Islands: 6.8 %Marshall Islands6.8Tunisia: 6.8 %Tunisia6.8American Samoa: 6.7 %American Samoa6.7Lesotho: 6.5 %Lesotho6.5Brazil: 6.5 %Brazil6.5Burkina Faso: 6.5 %Burkina Faso6.5Mauritania: 6.4 %Mauritania6.4Hungary: 6.4 %Hungary6.4Tanzania: 6.4 %Tanzania6.4Nicaragua: 6.3 %Nicaragua6.3Malawi: 6.2 %Malawi6.2Venezuela: 1,885.5 %Venezuela1,885.5Zimbabwe: 586 %Zimbabwe586Sudan: 115.7 %Sudan115.7Lebanon: 85.5 %Lebanon85.5Syria: 64.9 %Syria64.9Iran: 46.6 %Iran46.6Suriname: 45.2 %Suriname45.2Argentina: 40.1 %Argentina40.1Haiti: 18.7 %Haiti18.7Ethiopia: 18.3 %Ethiopia18.3Cuba: 16.6 %Cuba16.6Angola: 16.2 %Angola16.2Türkiye: 14.7 %Türkiye14.7Burundi: 14.4 %Burundi14.4Zambia: 13.9 %Zambia13.9Sierra Leone: 13.3 %Sierra Leone13.3Uzbekistan: 11.9 %Uzbekistan11.9Belarus: 11.9 %Belarus11.9Nigeria: 11.3 %Nigeria11.3Democratic Republic of the Congo: 11.1 %Democratic Republic of the Congo11.1Uruguay: 10.7 %Uruguay10.7Ukraine: 10.3 %Ukraine10.3Pakistan: 9.9 %Pakistan9.9Chile: 9.7 %Chile9.7Ghana: 9.4 %Ghana9.4São Tomé and Príncipe: 9.3 %São Tomé and Príncipe9.3Rwanda: 7.6 %Rwanda7.6Afghanistan: 7 %Afghanistan7Georgia: 6.8 %Georgia6.8Marshall Islands: 6.8 %Marshall Islands6.8Tunisia: 6.8 %Tunisia6.8American Samoa: 6.7 %American Samoa6.7Lesotho: 6.5 %Lesotho6.5Brazil: 6.5 %Brazil6.5Burkina Faso: 6.5 %Burkina Faso6.5Mauritania: 6.4 %Mauritania6.4Hungary: 6.4 %Hungary6.4Tanzania: 6.4 %Tanzania6.4Nicaragua: 6.3 %Nicaragua6.3Malawi: 6.2 %Malawi6.2
%. Source: World Bank, Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG). Retrieved 2026-10-18.

Full ranking

RankCountries2020 (%)Change on 2019
1Venezuela1,885.5-20,023.9 pts
2Zimbabwe586+188.8 pts
3Sudan115.7+63.7 pts
4Lebanon85.5+81.4 pts
5Syria64.9+45.1 pts
6Iran46.6+15.6 pts
7Suriname45.2+40 pts
8Argentina40.1-9.1 pts
9Haiti18.7-1.1 pts
10Ethiopia18.3+5.4 pts
11Cuba16.6+13 pts
12Angola16.2-4 pts
13Türkiye14.7+0.6 pts
14Burundi14.4+14.1 pts
15Zambia13.9+6.3 pts
16Sierra Leone13.3+3.4 pts
17Uzbekistan11.9-5.5 pts
18Belarus11.9+3.3 pts
19Nigeria11.3-44.2 pts
20Democratic Republic of the Congo11.1+9.7 pts
21Uruguay10.7+2.5 pts
22Ukraine10.3+2 pts
23Pakistan9.9+0.9 pts
24Chile9.7+7.1 pts
25Ghana9.4+0.9 pts
26São Tomé and Príncipe9.3-2 pts
27Rwanda7.6+3.4 pts
28Afghanistan7+0.4 pts
29Georgia6.8+2.9 pts
30Marshall Islands6.8+10.9 pts
31Tunisia6.8-0.4 pts
32American Samoa6.7+5 pts
33Lesotho6.5+3 pts
34Brazil6.5+2.2 pts
35Burkina Faso6.5+6 pts
36Mauritania6.4+1.1 pts
37Hungary6.4+1.7 pts
38Tanzania6.4+4.1 pts
39Nicaragua6.3+0.9 pts
40Malawi6.2-1.5 pts
41Egypt6.2-7.4 pts
42Barbados6.1+3.6 pts
43Moldova5.6+0.2 pts
44Dominican Republic5.5+1.9 pts
45South Africa5.4+0.8 pts
46Somalia5.4-6.5 pts
47Myanmar5.3-0.1 pts
48Kyrgyzstan5.3-4.5 pts
49Bhutan5.3+2.2 pts
50Seychelles5.2+5.1 pts
51Eswatini5.2+3.2 pts
52Laos5+3.8 pts
53Kenya4.9+0.7 pts
54United Kingdom4.8+2.4 pts
55India4.8+2.4 pts
56Nauru4.6+9.2 pts
57Namibia4.6+3.7 pts
58Mexico4.6+0.3 pts
59Czechia4.5+0.7 pts
60Botswana4.4+3.9 pts
61Bulgaria4.3-0.9 pts
62Iceland4.3-0.5 pts
63Madagascar4.3-2.2 pts
64U.S. Virgin Islands4.3+2.2 pts
65Guinea4.2-5.2 pts
66Poland4.2+1.2 pts
67Kiribati4.2+7.7 pts
68Kazakhstan4.2-3.4 pts
69Romania4.1-2.9 pts
70Guam4+1.6 pts
71Luxembourg3.9+3 pts
72Bangladesh3.8+0.2 pts
73Peru3.7+1.8 pts
74Mongolia3.7-6.3 pts
75Northern Mariana Islands3.5+1.2 pts
76Honduras3.40 pts
77Niger3.3+6.9 pts
78Nepal3.2-1.5 pts
79Mozambique3.2-1.5 pts
80Sri Lanka3.1-0.8 pts
81Monaco3+1.8 pts
82France3+1.8 pts
83Togo2.9+2.9 pts
84Benin2.9+3.3 pts
85Guatemala2.9-0.7 pts
86Denmark2.8+1.9 pts
87Uganda2.7-0.3 pts
88Curaçao2.7+0.1 pts
89Serbia2.6+0.3 pts
90Jamaica2.6-0 pts
91Austria2.6+1.1 pts
92Slovakia2.40 pts
93Latvia2.4-1.9 pts
94Puerto Rico2.4-0 pts
95Netherlands2.4-0.7 pts
96Vanuatu2.2-1.3 pts
97Palestine2.2-1.6 pts
98Paraguay2.2-0.9 pts
99Gambia2.2-4.1 pts
100Portugal2.1+0.3 pts
101Mauritius2.1+2.6 pts
102Lithuania2-0.3 pts
103Guinea-Bissau2-0.9 pts
104Central African Republic2-0.3 pts
105New Zealand1.9-1.4 pts
106Malta1.9-0.6 pts
107Australia1.9-1.6 pts
108Côte d’Ivoire1.8-0.2 pts
109Armenia1.8+0.7 pts
110Sweden1.8-0.6 pts
111Tuvalu1.8-3.8 pts
112Germany1.8-0.3 pts
113French Polynesia1.7+0.9 pts
114Tajikistan1.7-2 pts
115Philippines1.7+1 pts
116Finland1.6+0.2 pts
117Papua New Guinea1.6+0.6 pts
118Senegal1.6-0.5 pts
119Belgium1.6-0.3 pts
120South Korea1.6+2.2 pts
121Italy1.6+0.5 pts
122Colombia1.5-2.5 pts
123Vietnam1.5-1 pts
124North Macedonia1.4+0.5 pts
125United States1.3-0.3 pts
126Sint Maarten1.3+0.6 pts
127Japan1.2+0.4 pts
128Israel1.2-0.7 pts
129Samoa1.2-0.3 pts
130Slovenia1.2-1.1 pts
131Turks and Caicos Islands1.2+1.7 pts
132Spain1.1-0.3 pts
133Andorra1.1-0.3 pts
134Canada1.1-0.5 pts
135Russia0.9-2.4 pts
136Greenland0.9+0.1 pts
137Croatia0.8-1.2 pts
138Antigua and Barbuda0.8+0.1 pts
139Costa Rica0.8-1.8 pts
140Estonia0.8-3.1 pts
141Cameroon0.7-0.5 pts
142Comoros0.7-3.5 pts
143El Salvador0.7-0.2 pts
144Hong Kong0.6-1.4 pts
145Djibouti0.6+0.1 pts
146China0.5-0.8 pts
147Mali0.5-0.5 pts
148New Caledonia0.4-2 pts
149Cape Verde0.4-0.3 pts
150San Marino0.3-0.6 pts
151Morocco0.1-0.7 pts
152Cayman Islands0.1-3.3 pts
153Bosnia and Herzegovina0.1-2.4 pts
154Albania0-1 pts
155Tonga-0-6.5 pts
156Faroe Islands-0.1-3.6 pts
157Isle of Man-0.2-2 pts
158Macao-0.3-2.7 pts
159Bermuda-0.3-2.7 pts
160Grenada-0.3-3.6 pts
161Jordan-0.3-1 pts
162Greece-0.4-0.6 pts
163Indonesia-0.4-2 pts
164Montenegro-0.5-2.4 pts
165Panama-0.5-1 pts
166Belize-0.6-0.5 pts
167Switzerland-0.8-0.7 pts
168Saint Vincent and the Grenadines-0.8-3.1 pts
169Malaysia-0.8-0.9 pts
170Cambodia-0.8-3.6 pts
171Bolivia-1.2-1 pts
172Chad-1.2+1.5 pts
173Cyprus-1.2-2.6 pts
174Thailand-1.3-2.3 pts
175Solomon Islands-1.3-2.6 pts
176Liberia-1.4-0.8 pts
177Ecuador-1.8-1.8 pts
178Ireland-2.1-5.5 pts
179Singapore-2.2-1.9 pts
180Norway-2.3-1.8 pts
181Palau-2.3+0.2 pts
182Bahamas-2.3-6.8 pts
183Trinidad and Tobago-2.5-0.1 pts
184Dominica-2.6-1.3 pts
185Aruba-3.3-4.3 pts
186Maldives-3.4-2.4 pts
187Micronesia-3.6-0.3 pts
188Fiji-4.1-3.8 pts
189Turkmenistan-4.5-8.3 pts
190Algeria-4.7-5.6 pts
191Libya-4.8-8.9 pts
192Saint Lucia-5.6-8 pts
193Saint Kitts and Nevis-5.8-5.8 pts
194Bahrain-5.8-6 pts
195Azerbaijan-7.5-7.3 pts
196Gabon-9-10.6 pts
197United Arab Emirates-9.9-7.1 pts
198Equatorial Guinea-10.2-7 pts
199Saudi Arabia-10.2-8.8 pts
200Oman-10.8-8.1 pts
201Brunei-10.9-7.5 pts
202Iraq-11.2-8.5 pts
203Republic of the Congo-14-12.7 pts
204Qatar-15.1-10.6 pts
205Kuwait-16.5-16.3 pts
206Timor-Leste-19.2-24.4 pts
207Guyana-26.3-29.3 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 2020 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, 2020) [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, 2020. 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=2020. Accessed 18 Oct. 2026.

Chicago (author-date)

World Bank. 2026. Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG). Countries by inflation, GDP deflator, 2020. 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=2020.

Harvard

World Bank (2026) Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG), Countries by inflation, GDP deflator, 2020 [Dataset]. Available at: https://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG, via Invokely: https://invokely.ai/rankings/gdp-deflator-inflation/countries?period=2020 (Accessed: 18 October 2026).

BibTeX
@misc{world_countries_by_inflation_gdp_2020,
  author = {{World Bank}},
  title = {{Inflation, GDP deflator (annual \%) (NY.GDP.DEFL.KD.ZG): Countries by inflation, GDP deflator, 2020}},
  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=2020. 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, 2020
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=2020
Y2  - 2026/10/18
N1  - Accessed via Invokely, https://invokely.ai/rankings/gdp-deflator-inflation/countries?period=2020.
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 1,885.5% in 2020, according to the World Bank.

Which country has the lowest inflation, GDP deflator?

Guyana, with -26.3% in 2020.

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 2020 and are not ranked.

Inflation, GDP deflator: other rankings

Countries: more rankings