EU countries by inflation, GDP deflator

Hungary had the highest inflation, GDP deflator of 27 EU countries in 2014, at 3.7%. Greece had the lowest, at -1.9%. The median was 0.9%. Source: the World Bank.

Highest3.7Hungary

Lowest-1.9Greece

Median0.927 EU countries

Map of EU countries, 2014

Under -1.3
-1.3 to -0.2
-0.2 to 0
0 to 0.8
0.8 to 1.8
1.8 and over

%, 2014. Red areas are below zero and blue areas above it. Source: World Bank, Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG). Boundaries: Natural Earth (public domain).

All EU countries, 2014

%. Source: World Bank, Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG). Retrieved 2026-10-18.

Full ranking

Rank	EU countries	2014 (%)	Change on 2013
1	Hungary	3.7	+0.9 pts
2	Estonia	2.9	-1.3 pts
3	Luxembourg	2.8	+0.5 pts
4	Czechia	2.7	+1.4 pts
5	Malta	2.3	0 pts
6	Austria	2	+0.3 pts
7	Germany	1.9	-0.1 pts
8	Sweden	1.8	+0.8 pts
9	Romania	1.7	+0.3 pts
10	Latvia	1.7	-0.2 pts
11	Finland	1.6	-0.9 pts
12	Bulgaria	1.3	+1.3 pts
13	Denmark	1	+0.2 pts
14	Italy	0.9	-0.2 pts
15	Belgium	0.8	-0.6 pts
16	Portugal	0.7	-1.5 pts
17	Slovenia	0.6	-0.5 pts
18	Lithuania	0.6	-0.2 pts
19	France	0.6	-0.2 pts
20	Poland	0.5	+0.2 pts
21	Netherlands	0.3	-0.8 pts
22	Ireland	0.3	-1.1 pts
23	Croatia	0.1	-0.6 pts
24	Slovakia	-0.1	-0.7 pts
25	Spain	-0.2	-0.7 pts
26	Cyprus	-1.3	-0.4 pts
27	Greece	-1.9	0 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 EU countries are compared on one definition. 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) (EU countries by inflation, GDP deflator, 2014) [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), EU countries by inflation, GDP deflator, 2014. World Bank, 8 Oct. 2026, https://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG. Invokely, https://invokely.ai/rankings/gdp-deflator-inflation/eu-countries?period=2014. Accessed 18 Oct. 2026.

Chicago (author-date)

World Bank. 2026. Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG). EU countries by inflation, GDP deflator, 2014. 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/eu-countries?period=2014.

Harvard

World Bank (2026) Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG), EU countries by inflation, GDP deflator, 2014 [Dataset]. Available at: https://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG, via Invokely: https://invokely.ai/rankings/gdp-deflator-inflation/eu-countries?period=2014 (Accessed: 18 October 2026).

BibTeX

@misc{world_eu_countries_by_inflation_2014,
  author = {{World Bank}},
  title = {{Inflation, GDP deflator (annual \%) (NY.GDP.DEFL.KD.ZG): EU countries by inflation, GDP deflator, 2014}},
  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/eu-countries?period=2014. 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): EU countries by inflation, GDP deflator, 2014
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/eu-countries?period=2014
Y2  - 2026/10/18
N1  - Accessed via Invokely, https://invokely.ai/rankings/gdp-deflator-inflation/eu-countries?period=2014.
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 EU country has the highest inflation, GDP deflator?

Hungary, with 3.7% in 2014, according to the World Bank.

Which EU country has the lowest inflation, GDP deflator?

Greece, with -1.9% in 2014.

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.

Inflation, GDP deflator: other rankings

Countries