Data / Rankings / Inflation, GDP deflator / Countries

Countries by inflation, GDP deflator

Venezuela had the highest inflation, GDP deflator of 207 countries in 2021, at 1,212.8%. Saint Kitts and Nevis had the lowest, at -3.2%. The median was 4.6% and the figure for the World was 4.6%. Source: the World Bank.

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Highest1,212.8Venezuela
Lowest-3.2Saint Kitts and Nevis
Median4.6207 countries
World4.6History

Map of countries, 2021

United Arab Emirates: 13.1 %Afghanistan: 2.8 %Antigua and Barbuda: 4.9 %Albania: 3.4 %Armenia: 6.9 %Angola: 35.6 %Argentina: 53.8 %Austria: 1.8 %Australia: 3.1 %Azerbaijan: 21.6 %Bosnia and Herzegovina: 5 %Bangladesh: 4.1 %Belgium: 2.7 %Burkina Faso: 0.1 %Bulgaria: 7 %Burundi: 11.1 %Benin: 1.6 %Brunei: 15.5 %Bolivia: 2.8 %Brazil: 13 %Bahamas: -1.2 %Bhutan: 7.6 %Botswana: 8.4 %Belarus: 15.3 %Belize: 0.5 %Canada: 7.8 %Democratic Republic of the Congo: 27.8 %Central African Republic: 3.2 %Republic of the Congo: 23.3 %Switzerland: 1.9 %Côte d’Ivoire: 3.9 %Chile: 6.9 %Cameroon: 2.9 %China: 4.5 %Colombia: 7.8 %Costa Rica: 2.4 %Cuba: 401.6 %Cape Verde: 1.3 %Cyprus: 3 %Czechia: 4 %Germany: 2.7 %Djibouti: 3.4 %Denmark: 3 %Dominican Republic: 7.2 %Algeria: 15.9 %Ecuador: 2.2 %Estonia: 4.3 %Egypt: 4.8 %Spain: 2.6 %Ethiopia: 21.8 %Finland: 2.5 %Fiji: -1.8 %Faroe Islands: 3.4 %France: 1.2 %Gabon: 20.3 %United Kingdom: 0.7 %Georgia: 10.2 %Ghana: 12.1 %Greenland: 0.8 %Gambia: 7.4 %Guinea: 12 %Equatorial Guinea: 17.9 %Greece: 1.4 %Guatemala: 3.1 %Guinea-Bissau: 2.6 %Guyana: 22.4 %Hong Kong: 0.7 %Honduras: 4.6 %Croatia: 2.1 %Haiti: 18.3 %Hungary: 6.2 %Indonesia: 6 %Ireland: 1 %Israel: 2.3 %Isle of Man: 6.5 %India: 8.4 %Iraq: 38.9 %Iran: 55.9 %Iceland: 6.1 %Italy: 1.3 %Jamaica: 6.6 %Jordan: 2 %Japan: -0 %Kenya: 4.3 %Kyrgyzstan: 16 %Cambodia: 2.6 %Kiribati: 9.2 %South Korea: 3.2 %Kuwait: 29.4 %Cayman Islands: 2.2 %Kazakhstan: 13.9 %Laos: 3.7 %Lebanon: 150 %Sri Lanka: 8 %Liberia: 5.4 %Lesotho: 3.1 %Lithuania: 6 %Luxembourg: 5.9 %Latvia: 3.3 %Libya: 90.5 %Morocco: 2.4 %Moldova: 6.4 %Montenegro: 5.1 %Madagascar: 6.3 %North Macedonia: 4.3 %Mali: 3.8 %Myanmar: 19.5 %Mongolia: 14.4 %Mauritania: 7.5 %Mauritius: 3 %Malawi: 8.2 %Mexico: 4.5 %Malaysia: 5.7 %Mozambique: 4.6 %Namibia: 1.5 %New Caledonia: 4.8 %Niger: 4.3 %Nigeria: 12.6 %Nicaragua: 3.5 %Netherlands: 2.7 %Norway: 19.5 %Nepal: 6.8 %New Zealand: 4.6 %Oman: 12.1 %Panama: 1.4 %Peru: 10 %French Polynesia: 0.2 %Papua New Guinea: 11.6 %Philippines: 2.3 %Pakistan: 10.3 %Poland: 5.3 %Puerto Rico: 2.8 %Palestine: 9 %Portugal: 2 %Palau: 3.4 %Paraguay: 8.4 %Qatar: 22.5 %Romania: 5.6 %Serbia: 5.7 %Russia: 18.2 %Rwanda: 3.7 %Saudi Arabia: 20.1 %Solomon Islands: -0.6 %Sudan: 235.5 %Sweden: 2.7 %Singapore: 11 %Slovenia: 2.7 %Slovakia: 2.2 %Sierra Leone: 7.5 %Senegal: 1.4 %Somalia: 7.4 %Suriname: 62.1 %El Salvador: 4.1 %Syria: 118.4 %Eswatini: 0.1 %Chad: 8.5 %Togo: 4.6 %Thailand: 1.8 %Tajikistan: 10 %Timor-Leste: 59.1 %Turkmenistan: 2.5 %Tunisia: 5.1 %Türkiye: 29.3 %Trinidad and Tobago: 16.9 %Tanzania: 2.7 %Ukraine: 24.8 %Uganda: 2.5 %United States: 4.6 %Uruguay: 11.1 %Uzbekistan: 12.9 %Venezuela: 1,212.8 %Vietnam: 2.9 %Vanuatu: 3.2 %Samoa: -0.7 %South Africa: 6.4 %Zambia: 25.1 %Zimbabwe: 108.8 %
  • Under 0
  • 0 to 10
  • 10 and over
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%, 2021. 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, 2021

Venezuela: 1,212.8 %Venezuela1,212.8Cuba: 401.6 %Cuba401.6Sudan: 235.5 %Sudan235.5Lebanon: 150 %Lebanon150Syria: 118.4 %Syria118.4Zimbabwe: 108.8 %Zimbabwe108.8Libya: 90.5 %Libya90.5Suriname: 62.1 %Suriname62.1Timor-Leste: 59.1 %Timor-Leste59.1Iran: 55.9 %Iran55.9Argentina: 53.8 %Argentina53.8Iraq: 38.9 %Iraq38.9Angola: 35.6 %Angola35.6Kuwait: 29.4 %Kuwait29.4Türkiye: 29.3 %Türkiye29.3Democratic Republic of the Congo: 27.8 %Democratic Republic of the Congo27.8Zambia: 25.1 %Zambia25.1Ukraine: 24.8 %Ukraine24.8Republic of the Congo: 23.3 %Republic of the Congo23.3Qatar: 22.5 %Qatar22.5Guyana: 22.4 %Guyana22.4Ethiopia: 21.8 %Ethiopia21.8Azerbaijan: 21.6 %Azerbaijan21.6Gabon: 20.3 %Gabon20.3Saudi Arabia: 20.1 %Saudi Arabia20.1Norway: 19.5 %Norway19.5Myanmar: 19.5 %Myanmar19.5Haiti: 18.3 %Haiti18.3Russia: 18.2 %Russia18.2Equatorial Guinea: 17.9 %Equatorial Guinea17.9Trinidad and Tobago: 16.9 %Trinidad and Tobago16.9Kyrgyzstan: 16 %Kyrgyzstan16Algeria: 15.9 %Algeria15.9Brunei: 15.5 %Brunei15.5Belarus: 15.3 %Belarus15.3Mongolia: 14.4 %Mongolia14.4Kazakhstan: 13.9 %Kazakhstan13.9United Arab Emirates: 13.1 %United Arab Emirates13.1Brazil: 13 %Brazil13Uzbekistan: 12.9 %Uzbekistan12.9Venezuela: 1,212.8 %Venezuela1,212.8Cuba: 401.6 %Cuba401.6Sudan: 235.5 %Sudan235.5Lebanon: 150 %Lebanon150Syria: 118.4 %Syria118.4Zimbabwe: 108.8 %Zimbabwe108.8Libya: 90.5 %Libya90.5Suriname: 62.1 %Suriname62.1Timor-Leste: 59.1 %Timor-Leste59.1Iran: 55.9 %Iran55.9Argentina: 53.8 %Argentina53.8Iraq: 38.9 %Iraq38.9Angola: 35.6 %Angola35.6Kuwait: 29.4 %Kuwait29.4Türkiye: 29.3 %Türkiye29.3Democratic Republic of the Congo: 27.8 %Democratic Republic of the Congo27.8Zambia: 25.1 %Zambia25.1Ukraine: 24.8 %Ukraine24.8Republic of the Congo: 23.3 %Republic of the Congo23.3Qatar: 22.5 %Qatar22.5Guyana: 22.4 %Guyana22.4Ethiopia: 21.8 %Ethiopia21.8Azerbaijan: 21.6 %Azerbaijan21.6Gabon: 20.3 %Gabon20.3Saudi Arabia: 20.1 %Saudi Arabia20.1Norway: 19.5 %Norway19.5Myanmar: 19.5 %Myanmar19.5Haiti: 18.3 %Haiti18.3Russia: 18.2 %Russia18.2Equatorial Guinea: 17.9 %Equatorial Guinea17.9Trinidad and Tobago: 16.9 %Trinidad and Tobago16.9Kyrgyzstan: 16 %Kyrgyzstan16Algeria: 15.9 %Algeria15.9Brunei: 15.5 %Brunei15.5Belarus: 15.3 %Belarus15.3Mongolia: 14.4 %Mongolia14.4Kazakhstan: 13.9 %Kazakhstan13.9United Arab Emirates: 13.1 %United Arab Emirates13.1Brazil: 13 %Brazil13Uzbekistan: 12.9 %Uzbekistan12.9
%. Source: World Bank, Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG). Retrieved 2026-10-18.

Full ranking

RankCountries2021 (%)Change on 2020
1Venezuela1,212.8-672.6 pts
2Cuba401.6+385 pts
3Sudan235.5+119.9 pts
4Lebanon150+64.5 pts
5Syria118.4+53.5 pts
6Zimbabwe108.8-477.2 pts
7Libya90.5+95.2 pts
8Suriname62.1+16.9 pts
9Timor-Leste59.1+78.3 pts
10Iran55.9+9.3 pts
11Argentina53.8+13.7 pts
12Iraq38.9+50.1 pts
13Angola35.6+19.4 pts
14Kuwait29.4+45.9 pts
15Türkiye29.3+14.6 pts
16Democratic Republic of the Congo27.8+16.7 pts
17Zambia25.1+11.2 pts
18Ukraine24.8+14.5 pts
19Republic of the Congo23.3+37.3 pts
20Qatar22.5+37.6 pts
21Guyana22.4+48.7 pts
22Ethiopia21.8+3.5 pts
23Azerbaijan21.6+29.1 pts
24Gabon20.3+29.3 pts
25Saudi Arabia20.1+30.3 pts
26Norway19.5+21.8 pts
27Myanmar19.5+14.2 pts
28Haiti18.3-0.4 pts
29Russia18.2+17.3 pts
30Equatorial Guinea17.9+28.1 pts
31Trinidad and Tobago16.9+19.4 pts
32Kyrgyzstan16+10.7 pts
33Algeria15.9+20.6 pts
34Brunei15.5+26.3 pts
35Belarus15.3+3.4 pts
36Mongolia14.4+10.7 pts
37Kazakhstan13.9+9.7 pts
38United Arab Emirates13.1+23 pts
39Brazil13+6.6 pts
40Uzbekistan12.9+1 pts
41Nigeria12.6+1.4 pts
42Oman12.1+22.9 pts
43Ghana12.1+2.7 pts
44Guinea12+7.7 pts
45Papua New Guinea11.6+10 pts
46Burundi11.1-3.3 pts
47Uruguay11.1+0.4 pts
48Singapore11+13.2 pts
49Saint Lucia10.6+16.2 pts
50Pakistan10.3+0.3 pts
51Georgia10.2+3.4 pts
52Peru10+6.3 pts
53Tajikistan10+8.4 pts
54Bahrain9.2+15 pts
55Kiribati9.2+4.9 pts
56Palestine9+6.7 pts
57Chad8.5+9.7 pts
58Paraguay8.4+6.2 pts
59Botswana8.4+4 pts
60India8.4+3.5 pts
61Malawi8.2+1.9 pts
62Sri Lanka8+4.9 pts
63Tuvalu7.9+6.1 pts
64Colombia7.8+6.3 pts
65Canada7.8+6.7 pts
66Bhutan7.6+2.3 pts
67Mauritania7.5+1 pts
68Sierra Leone7.5-5.8 pts
69Somalia7.4+2 pts
70Gambia7.4+5.2 pts
71Dominican Republic7.2+1.8 pts
72Bulgaria7+2.6 pts
73Armenia6.9+5.1 pts
74Chile6.9-2.8 pts
75Nepal6.8+3.5 pts
76Jamaica6.6+4 pts
77Isle of Man6.5+6.7 pts
78South Africa6.4+1 pts
79Moldova6.4+0.8 pts
80Madagascar6.3+2 pts
81Hungary6.2-0.3 pts
82Iceland6.1+1.8 pts
83Lithuania6+4 pts
84Indonesia6+6.4 pts
85Luxembourg5.9+2 pts
86Marshall Islands5.8-1 pts
87Serbia5.7+3 pts
88Malaysia5.7+6.5 pts
89Romania5.6+1.5 pts
90Liberia5.4+6.7 pts
91Poland5.3+1.1 pts
92São Tomé and Príncipe5.2-4.1 pts
93Tunisia5.1-1.7 pts
94Montenegro5.1+5.5 pts
95Bosnia and Herzegovina5+4.9 pts
96Antigua and Barbuda4.9+4.1 pts
97Egypt4.8-1.3 pts
98American Samoa4.8-1.9 pts
99New Caledonia4.8+4.4 pts
100Sint Maarten4.6+3.3 pts
101Honduras4.6+1.2 pts
102United States4.6+3.2 pts
103Togo4.6+1.6 pts
104New Zealand4.6+2.6 pts
105Mozambique4.6+1.4 pts
106Mexico4.5-0.1 pts
107China4.5+3.9 pts
108Kenya4.3-0.6 pts
109Estonia4.3+3.5 pts
110North Macedonia4.3+2.9 pts
111Niger4.3+0.9 pts
112El Salvador4.1+3.5 pts
113Bangladesh4.1+0.3 pts
114Czechia4-0.5 pts
115Côte d’Ivoire3.9+2.1 pts
116Turks and Caicos Islands3.9+2.7 pts
117Mali3.8+3.4 pts
118Curaçao3.8+1.1 pts
119Rwanda3.7-3.8 pts
120Laos3.7-1.3 pts
121Nicaragua3.5-2.8 pts
122Albania3.4+3.4 pts
123Faroe Islands3.4+3.5 pts
124Palau3.4+5.7 pts
125Djibouti3.4+2.8 pts
126Latvia3.3+0.9 pts
127Guam3.3-0.8 pts
128Vanuatu3.2+1 pts
129Central African Republic3.2+1.2 pts
130South Korea3.2+1.6 pts
131Guatemala3.1+0.3 pts
132Lesotho3.1-3.4 pts
133Australia3.1+1.2 pts
134Denmark3+0.2 pts
135Cyprus3+4.2 pts
136Mauritius3+0.9 pts
137Cameroon2.9+2.2 pts
138Vietnam2.9+1.4 pts
139Afghanistan2.8-4.1 pts
140Bolivia2.8+4 pts
141Maldives2.8+6.2 pts
142U.S. Virgin Islands2.8-1.5 pts
143Puerto Rico2.8+0.4 pts
144Seychelles2.8-2.5 pts
145Netherlands2.7+0.4 pts
146Grenada2.7+3 pts
147Sweden2.7+0.9 pts
148Belgium2.7+1.1 pts
149Germany2.7+0.9 pts
150Slovenia2.7+1.5 pts
151Tanzania2.7-3.7 pts
152Cambodia2.6+3.5 pts
153Guinea-Bissau2.6+0.6 pts
154Andorra2.6+1.4 pts
155Spain2.6+1.4 pts
156Uganda2.5-0.2 pts
157Turkmenistan2.5+7.1 pts
158Finland2.5+0.9 pts
159Malta2.5+0.5 pts
160Costa Rica2.4+1.6 pts
161Morocco2.4+2.3 pts
162Israel2.3+1.1 pts
163Philippines2.3+0.6 pts
164Slovakia2.2-0.2 pts
165Aruba2.2+5.6 pts
166Cayman Islands2.2+2.1 pts
167Ecuador2.2+4 pts
168Croatia2.1+1.3 pts
169Tonga2+2.1 pts
170Portugal2-0.1 pts
171Jordan2+2.3 pts
172Switzerland1.9+2.7 pts
173Barbados1.9-4.2 pts
174Micronesia1.9+5.5 pts
175San Marino1.8+1.5 pts
176Austria1.8-0.8 pts
177Thailand1.8+3.1 pts
178Benin1.6-1.3 pts
179Namibia1.5-3.1 pts
180Senegal1.4-0.2 pts
181Panama1.4+1.9 pts
182Greece1.4+1.8 pts
183Cape Verde1.3+1 pts
184Italy1.3-0.3 pts
185France1.2-1.8 pts
186Monaco1.2-1.8 pts
187Ireland1+3.1 pts
188Bermuda1+1.3 pts
189Dominica1+3.6 pts
190Greenland0.8-0.1 pts
191United Kingdom0.7-4.1 pts
192Hong Kong0.70 pts
193Saint Vincent and the Grenadines0.7+1.5 pts
194Northern Mariana Islands0.5-3 pts
195Belize0.5+1.1 pts
196Comoros0.4-0.3 pts
197French Polynesia0.2-1.5 pts
198Eswatini0.1-5.1 pts
199Burkina Faso0.1-6.4 pts
200Japan-0-1.3 pts
201Nauru-0.2-4.8 pts
202Solomon Islands-0.6+0.7 pts
203Samoa-0.7-1.9 pts
204Macao-0.8-0.6 pts
205Bahamas-1.2+1.1 pts
206Fiji-1.8+2.3 pts
207Saint Kitts and Nevis-3.2+2.6 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 2021 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, 2021) [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, 2021. 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=2021. Accessed 18 Oct. 2026.

Chicago (author-date)

World Bank. 2026. Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG). Countries by inflation, GDP deflator, 2021. 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=2021.

Harvard

World Bank (2026) Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG), Countries by inflation, GDP deflator, 2021 [Dataset]. Available at: https://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG, via Invokely: https://invokely.ai/rankings/gdp-deflator-inflation/countries?period=2021 (Accessed: 18 October 2026).

BibTeX
@misc{world_countries_by_inflation_gdp_2021,
  author = {{World Bank}},
  title = {{Inflation, GDP deflator (annual \%) (NY.GDP.DEFL.KD.ZG): Countries by inflation, GDP deflator, 2021}},
  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=2021. 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, 2021
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=2021
Y2  - 2026/10/18
N1  - Accessed via Invokely, https://invokely.ai/rankings/gdp-deflator-inflation/countries?period=2021.
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 1,212.8% in 2021, according to the World Bank.

Which country has the lowest inflation, GDP deflator?

Saint Kitts and Nevis, with -3.2% in 2021.

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 2021 and are not ranked.

Inflation, GDP deflator: other rankings

Countries: more rankings