Data / Rankings / Inflation, GDP deflator / Countries

Countries by inflation, GDP deflator

Zimbabwe had the highest inflation, GDP deflator of 207 countries in 2022, at 274.5%. Kiribati had the lowest, at -2.1%. The median was 7.3% and the figure for the World was 7.3%. Source: the World Bank.

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Highest274.5Zimbabwe
Lowest-2.1Kiribati
Median7.3207 countries
World7.3History

Map of countries, 2022

United Arab Emirates: 12.6 %Afghanistan: 9.4 %Antigua and Barbuda: 6.8 %Albania: 9.9 %Armenia: 8 %Angola: 18.1 %Argentina: 69 %Austria: 5 %Australia: 7.2 %Azerbaijan: 37.3 %Bosnia and Herzegovina: 11.8 %Bangladesh: 5 %Belgium: 6.7 %Burkina Faso: 4.6 %Bulgaria: 15.9 %Burundi: 15 %Benin: 4.1 %Brunei: 24.2 %Bolivia: 2.6 %Brazil: 8.6 %Bahamas: 4.1 %Bhutan: 5.8 %Botswana: 14.6 %Belarus: 14.9 %Belize: 7.3 %Canada: 7.9 %Democratic Republic of the Congo: 10 %Central African Republic: 6 %Republic of the Congo: 18.3 %Switzerland: 3.1 %Côte d’Ivoire: 3 %Chile: 7.5 %Cameroon: 6.8 %China: 1.9 %Colombia: 14.9 %Costa Rica: 7 %Cuba: 14.1 %Cape Verde: 6.3 %Cyprus: 6.2 %Czechia: 8.7 %Germany: 6.4 %Djibouti: -0.1 %Denmark: 10.4 %Dominican Republic: 9.6 %Algeria: 22.9 %Ecuador: 2.3 %Estonia: 16.8 %Egypt: 10.4 %Spain: 4.7 %Ethiopia: 34.7 %Finland: 6.2 %Fiji: 8.1 %Faroe Islands: 5.9 %France: 3 %Gabon: 14.8 %United Kingdom: 5.7 %Georgia: 8.1 %Ghana: 28.2 %Greenland: 5.6 %Gambia: 8.8 %Guinea: 2.8 %Equatorial Guinea: 22.1 %Greece: 6.3 %Guatemala: 6.4 %Guinea-Bissau: 3.8 %Guyana: 12.1 %Hong Kong: 1.7 %Honduras: 9.3 %Croatia: 8 %Haiti: 30.1 %Hungary: 14 %Indonesia: 9.6 %Ireland: 8 %Israel: 4.9 %Isle of Man: 9.1 %India: 2.9 %Iraq: 26.9 %Iran: 51.1 %Iceland: 8.8 %Italy: 3.5 %Jamaica: 12.7 %Jordan: 2.7 %Japan: 0.6 %Kenya: 7 %Kyrgyzstan: 19.7 %Cambodia: 3.5 %Kiribati: -2.1 %South Korea: 1.8 %Kuwait: 17.6 %Cayman Islands: 3.9 %Kazakhstan: 19.8 %Laos: 15.8 %Lebanon: 112.1 %Sri Lanka: 47.5 %Liberia: 8.7 %Lesotho: 5.5 %Lithuania: 15.4 %Luxembourg: 6.2 %Latvia: 9.7 %Libya: 42.8 %Morocco: 2.6 %Moldova: 18.9 %Montenegro: 12.1 %Madagascar: 9.8 %North Macedonia: 8.9 %Mali: 6.3 %Myanmar: 6.2 %Mongolia: 17.7 %Mauritania: -0.6 %Mauritius: 8.9 %Malawi: 17.2 %Mexico: 6.7 %Malaysia: 6.3 %Mozambique: 9.2 %Namibia: 6.4 %New Caledonia: 3.8 %Niger: 4.2 %Nigeria: 8 %Nicaragua: 8.4 %Netherlands: 6.2 %Norway: 27.3 %Nepal: 8.2 %New Zealand: 6.2 %Oman: 16.5 %Panama: 2.2 %Peru: 4.5 %French Polynesia: 2.5 %Papua New Guinea: 15 %Philippines: 5.5 %Pakistan: 13.9 %Poland: 10.7 %Puerto Rico: 3.9 %Palestine: 1.7 %Portugal: 5.3 %Palau: 5.4 %Paraguay: 8 %Qatar: 25.9 %Romania: 12.1 %Serbia: 10.5 %Russia: 18.2 %Rwanda: 15.9 %Saudi Arabia: 12.6 %Solomon Islands: -1.9 %Sudan: 116.9 %Sweden: 6 %Singapore: 15 %Slovenia: 6.5 %Slovakia: 7.3 %Sierra Leone: 27 %Senegal: 9.3 %Somalia: 7.9 %Suriname: 49.4 %El Salvador: 6.6 %Syria: 107.4 %Eswatini: 8.9 %Chad: 14.1 %Togo: 7.1 %Thailand: 4.6 %Tajikistan: 8.3 %Timor-Leste: 11.4 %Turkmenistan: 10.9 %Tunisia: 3.2 %Türkiye: 95.5 %Trinidad and Tobago: 15.9 %Tanzania: 2.8 %Ukraine: 34.9 %Uganda: 4.9 %United States: 7.1 %Uruguay: 6 %Uzbekistan: 14 %Venezuela: 210.8 %Vietnam: 4.4 %Vanuatu: 5.1 %Samoa: 2.5 %South Africa: 5.2 %Zambia: 6.1 %Zimbabwe: 274.5 %
  • Under -2
  • -2 to -1
  • -1 to 0
  • 0 to 6
  • 6 to 12
  • 12 and over
  • No data
%, 2022. 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, 2022

Zimbabwe: 274.5 %Zimbabwe274.5Venezuela: 210.8 %Venezuela210.8Sudan: 116.9 %Sudan116.9Lebanon: 112.1 %Lebanon112.1Syria: 107.4 %Syria107.4Türkiye: 95.5 %Türkiye95.5Argentina: 69 %Argentina69Iran: 51.1 %Iran51.1Suriname: 49.4 %Suriname49.4Sri Lanka: 47.5 %Sri Lanka47.5Libya: 42.8 %Libya42.8Azerbaijan: 37.3 %Azerbaijan37.3Ukraine: 34.9 %Ukraine34.9Ethiopia: 34.7 %Ethiopia34.7Haiti: 30.1 %Haiti30.1Ghana: 28.2 %Ghana28.2Norway: 27.3 %Norway27.3Sierra Leone: 27 %Sierra Leone27Iraq: 26.9 %Iraq26.9Qatar: 25.9 %Qatar25.9Nauru: 24.5 %Nauru24.5Brunei: 24.2 %Brunei24.2Algeria: 22.9 %Algeria22.9Equatorial Guinea: 22.1 %Equatorial Guinea22.1Kazakhstan: 19.8 %Kazakhstan19.8Kyrgyzstan: 19.7 %Kyrgyzstan19.7Moldova: 18.9 %Moldova18.9Republic of the Congo: 18.3 %Republic of the Congo18.3Russia: 18.2 %Russia18.2Angola: 18.1 %Angola18.1Mongolia: 17.7 %Mongolia17.7Kuwait: 17.6 %Kuwait17.6Malawi: 17.2 %Malawi17.2Estonia: 16.8 %Estonia16.8Oman: 16.5 %Oman16.5Rwanda: 15.9 %Rwanda15.9Trinidad and Tobago: 15.9 %Trinidad and Tobago15.9Bulgaria: 15.9 %Bulgaria15.9São Tomé and Príncipe: 15.8 %São Tomé and Príncipe15.8Laos: 15.8 %Laos15.8Zimbabwe: 274.5 %Zimbabwe274.5Venezuela: 210.8 %Venezuela210.8Sudan: 116.9 %Sudan116.9Lebanon: 112.1 %Lebanon112.1Syria: 107.4 %Syria107.4Türkiye: 95.5 %Türkiye95.5Argentina: 69 %Argentina69Iran: 51.1 %Iran51.1Suriname: 49.4 %Suriname49.4Sri Lanka: 47.5 %Sri Lanka47.5Libya: 42.8 %Libya42.8Azerbaijan: 37.3 %Azerbaijan37.3Ukraine: 34.9 %Ukraine34.9Ethiopia: 34.7 %Ethiopia34.7Haiti: 30.1 %Haiti30.1Ghana: 28.2 %Ghana28.2Norway: 27.3 %Norway27.3Sierra Leone: 27 %Sierra Leone27Iraq: 26.9 %Iraq26.9Qatar: 25.9 %Qatar25.9Nauru: 24.5 %Nauru24.5Brunei: 24.2 %Brunei24.2Algeria: 22.9 %Algeria22.9Equatorial Guinea: 22.1 %Equatorial Guinea22.1Kazakhstan: 19.8 %Kazakhstan19.8Kyrgyzstan: 19.7 %Kyrgyzstan19.7Moldova: 18.9 %Moldova18.9Republic of the Congo: 18.3 %Republic of the Congo18.3Russia: 18.2 %Russia18.2Angola: 18.1 %Angola18.1Mongolia: 17.7 %Mongolia17.7Kuwait: 17.6 %Kuwait17.6Malawi: 17.2 %Malawi17.2Estonia: 16.8 %Estonia16.8Oman: 16.5 %Oman16.5Rwanda: 15.9 %Rwanda15.9Trinidad and Tobago: 15.9 %Trinidad and Tobago15.9Bulgaria: 15.9 %Bulgaria15.9São Tomé and Príncipe: 15.8 %São Tomé and Príncipe15.8Laos: 15.8 %Laos15.8
%. Source: World Bank, Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG). Retrieved 2026-10-18.

Full ranking

RankCountries2022 (%)Change on 2021
1Zimbabwe274.5+165.7 pts
2Venezuela210.8-1,002 pts
3Sudan116.9-118.6 pts
4Lebanon112.1-37.9 pts
5Syria107.4-11 pts
6Türkiye95.5+66.2 pts
7Argentina69+15.2 pts
8Iran51.1-4.8 pts
9Suriname49.4-12.7 pts
10Sri Lanka47.5+39.4 pts
11Libya42.8-47.7 pts
12Azerbaijan37.3+15.7 pts
13Ukraine34.9+10.1 pts
14Ethiopia34.7+12.9 pts
15Haiti30.1+11.8 pts
16Ghana28.2+16.1 pts
17Norway27.3+7.7 pts
18Sierra Leone27+19.5 pts
19Iraq26.9-12 pts
20Qatar25.9+3.4 pts
21Nauru24.5+24.7 pts
22Brunei24.2+8.8 pts
23Algeria22.9+7 pts
24Equatorial Guinea22.1+4.2 pts
25Kazakhstan19.8+5.8 pts
26Kyrgyzstan19.7+3.7 pts
27Moldova18.9+12.5 pts
28Republic of the Congo18.3-5 pts
29Russia18.20 pts
30Angola18.1-17.5 pts
31Mongolia17.7+3.3 pts
32Kuwait17.6-11.8 pts
33Malawi17.2+9 pts
34Estonia16.8+12.6 pts
35Oman16.5+4.4 pts
36Rwanda15.9+12.2 pts
37Trinidad and Tobago15.9-1 pts
38Bulgaria15.9+9 pts
39São Tomé and Príncipe15.8+10.6 pts
40Laos15.8+12.1 pts
41Lithuania15.4+9.4 pts
42Singapore15+4 pts
43Papua New Guinea15+3.4 pts
44Burundi15+3.8 pts
45Colombia14.9+7.1 pts
46Belarus14.9-0.4 pts
47Gabon14.8-5.6 pts
48Botswana14.6+6.2 pts
49American Samoa14.2+9.3 pts
50Chad14.1+5.6 pts
51Cuba14.1-387.5 pts
52Uzbekistan14+1.2 pts
53Hungary14+7.8 pts
54Pakistan13.9+3.7 pts
55Jamaica12.7+6 pts
56United Arab Emirates12.6-0.5 pts
57Saudi Arabia12.6-7.5 pts
58Montenegro12.1+7 pts
59Guyana12.1-10.4 pts
60Romania12.1+6.4 pts
61Bosnia and Herzegovina11.8+6.8 pts
62Timor-Leste11.4-47.7 pts
63Turkmenistan10.9+8.3 pts
64Poland10.7+5.3 pts
65Serbia10.5+4.8 pts
66Egypt10.4+5.6 pts
67Denmark10.4+7.4 pts
68Democratic Republic of the Congo10-17.8 pts
69Albania9.9+6.4 pts
70Madagascar9.8+3.5 pts
71Latvia9.7+6.4 pts
72Indonesia9.6+3.6 pts
73Dominican Republic9.6+2.3 pts
74Micronesia9.4+7.6 pts
75Afghanistan9.4+6.6 pts
76Senegal9.3+7.9 pts
77Honduras9.3+4.7 pts
78Tonga9.2+7.2 pts
79Mozambique9.2+4.6 pts
80Isle of Man9.1+2.6 pts
81Mauritius8.9+5.8 pts
82North Macedonia8.9+4.6 pts
83Eswatini8.9+8.8 pts
84Iceland8.8+2.7 pts
85Gambia8.8+1.4 pts
86Czechia8.7+4.6 pts
87Liberia8.7+3.3 pts
88Brazil8.6-4.5 pts
89Nicaragua8.4+4.9 pts
90Tajikistan8.3-1.8 pts
91Nepal8.2+1.5 pts
92Georgia8.1-2.1 pts
93Fiji8.1+9.9 pts
94Nigeria8-4.6 pts
95Paraguay8-0.4 pts
96Croatia8+5.9 pts
97Ireland8+7 pts
98Armenia8+1.1 pts
99Comoros8+7.6 pts
100Saint Vincent and the Grenadines8+7.3 pts
101Somalia7.9+0.5 pts
102Canada7.9+0.1 pts
103Chile7.5+0.7 pts
104Slovakia7.3+5.1 pts
105Belize7.3+6.7 pts
106Australia7.2+4.1 pts
107Bahrain7.1-2.1 pts
108Togo7.1+2.6 pts
109United States7.1+2.5 pts
110Costa Rica7+4.6 pts
111Kenya7+2.6 pts
112Antigua and Barbuda6.8+1.9 pts
113Cameroon6.8+3.9 pts
114Tuvalu6.8-1.1 pts
115Belgium6.7+4 pts
116Mexico6.7+2.2 pts
117El Salvador6.6+2.4 pts
118Slovenia6.5+3.8 pts
119Namibia6.4+4.9 pts
120Germany6.4+3.7 pts
121Guatemala6.4+3.2 pts
122Cape Verde6.3+5 pts
123Mali6.3+2.5 pts
124Malaysia6.3+0.6 pts
125Greece6.3+4.9 pts
126New Zealand6.2+1.7 pts
127Luxembourg6.2+0.3 pts
128Finland6.2+3.7 pts
129Cyprus6.2+3.1 pts
130Myanmar6.2-13.4 pts
131Netherlands6.2+3.4 pts
132Zambia6.1-19 pts
133Sweden6+3.3 pts
134Central African Republic6+2.8 pts
135Uruguay6-5.1 pts
136Faroe Islands5.9+2.5 pts
137Bhutan5.8-1.8 pts
138United Kingdom5.7+5 pts
139Greenland5.6+4.8 pts
140Lesotho5.5+2.4 pts
141Philippines5.5+3.2 pts
142Guam5.5+2.2 pts
143Palau5.4+2 pts
144Portugal5.3+3.3 pts
145South Africa5.2-1.2 pts
146Vanuatu5.1+1.9 pts
147Malta5.1+2.6 pts
148Bangladesh5+0.9 pts
149U.S. Virgin Islands5+2.2 pts
150Austria5+3.2 pts
151Curaçao5+1.2 pts
152Uganda4.9+2.4 pts
153Israel4.9+2.6 pts
154Spain4.7+2.1 pts
155Burkina Faso4.6+4.5 pts
156Thailand4.6+2.9 pts
157Peru4.5-5.5 pts
158Vietnam4.4+1.6 pts
159Andorra4.2+1.7 pts
160Niger4.2-0 pts
161Benin4.1+2.5 pts
162Bahamas4.1+5.3 pts
163Aruba4.1+1.9 pts
164Cayman Islands3.9+1.7 pts
165Puerto Rico3.9+1.1 pts
166Saint Lucia3.9-6.7 pts
167New Caledonia3.8-1 pts
168Guinea-Bissau3.8+1.2 pts
169Cambodia3.5+0.8 pts
170Saint Kitts and Nevis3.5+6.7 pts
171Italy3.5+2.2 pts
172Maldives3.4+0.6 pts
173Sint Maarten3.3-1.3 pts
174Seychelles3.2+0.5 pts
175Tunisia3.2-1.9 pts
176Switzerland3.1+1.1 pts
177France3+1.8 pts
178Monaco3+1.8 pts
179Côte d’Ivoire3-0.9 pts
180India2.9-5.5 pts
181Guinea2.8-9.2 pts
182Northern Mariana Islands2.8+2.3 pts
183San Marino2.8+0.9 pts
184Tanzania2.8+0.1 pts
185Jordan2.7+0.8 pts
186Morocco2.6+0.2 pts
187Bolivia2.6-0.2 pts
188Samoa2.5+3.3 pts
189French Polynesia2.5+2.3 pts
190Ecuador2.3+0.2 pts
191Panama2.2+0.8 pts
192China1.9-2.5 pts
193South Korea1.8-1.4 pts
194Hong Kong1.7+1 pts
195Palestine1.7-7.3 pts
196Turks and Caicos Islands1.7-2.2 pts
197Grenada1.6-1.1 pts
198Macao1.2+2 pts
199Japan0.6+0.7 pts
200Bermuda0.3-0.8 pts
201Dominica0.3-0.7 pts
202Djibouti-0.1-3.5 pts
203Barbados-0.2-2.1 pts
204Marshall Islands-0.3-6 pts
205Mauritania-0.6-8.1 pts
206Solomon Islands-1.9-1.3 pts
207Kiribati-2.1-11.3 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 2022 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, 2022) [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, 2022. 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=2022. Accessed 18 Oct. 2026.

Chicago (author-date)

World Bank. 2026. Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG). Countries by inflation, GDP deflator, 2022. 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=2022.

Harvard

World Bank (2026) Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG), Countries by inflation, GDP deflator, 2022 [Dataset]. Available at: https://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG, via Invokely: https://invokely.ai/rankings/gdp-deflator-inflation/countries?period=2022 (Accessed: 18 October 2026).

BibTeX
@misc{world_countries_by_inflation_gdp_2022,
  author = {{World Bank}},
  title = {{Inflation, GDP deflator (annual \%) (NY.GDP.DEFL.KD.ZG): Countries by inflation, GDP deflator, 2022}},
  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=2022. 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, 2022
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=2022
Y2  - 2026/10/18
N1  - Accessed via Invokely, https://invokely.ai/rankings/gdp-deflator-inflation/countries?period=2022.
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?

Zimbabwe, with 274.5% in 2022, according to the World Bank.

Which country has the lowest inflation, GDP deflator?

Kiribati, with -2.1% in 2022.

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 2022 and are not ranked.

Inflation, GDP deflator: other rankings

Countries: more rankings