Countries With the Lowest Inflation
Every country with a figure for inflation, ranked from lowest to highest. The top three are Afghanistan (-6.6%), Sri Lanka (-4.76%) and Niger (-4.45%). The middle country of the 193 has 3.04%.
What this measures
Inflation, consumer prices (annual %), in % per year. Source: World Bank. For this measure, no agreed better direction.
The full ranking
Each country’s latest figure, from 2011–2025. The year beside each value says when it was measured.
| Rank | Country | Inflation | Year | Region |
|---|---|---|---|---|
| 1 | Afghanistan | -6.6% | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 2 | Sri Lanka | -4.76% | 2025 | South Asia |
| 3 | Niger | -4.45% | 2025 | Sub-Saharan Africa |
| 4 | Chad | -3.91% | 2025 | Sub-Saharan Africa |
| 5 | Fiji | -1.38% | 2025 | East Asia & Pacific |
| 6 | Cayman Islands | -0.625% | 2016 | Latin America & Caribbean |
| 7 | Burkina Faso | -0.586% | 2025 | Sub-Saharan Africa |
| 8 | Palau | -0.418% | 2025 | East Asia & Pacific |
| 9 | Djibouti | -0.314% | 2025 | Middle East, North Africa, Afghanistan & Pakistan |
| 10 | Brunei Darussalam | -0.303% | 2025 | East Asia & Pacific |
| 11 | Panama | -0.19% | 2025 | Latin America & Caribbean |
| 12 | Bahrain | -0.138% | 2025 | Middle East, North Africa, Afghanistan & Pakistan |
| 13 | Thailand | -0.134% | 2025 | East Asia & Pacific |
| 14 | Naoero | -0.125% | 2012 | East Asia & Pacific |
| 15 | Costa Rica | -0.0737% | 2025 | Latin America & Caribbean |
| 16 | China | 0.0596% | 2025 | East Asia & Pacific |
| 17 | Cote d'Ivoire | 0.125% | 2025 | Sub-Saharan Africa |
| 18 | Cyprus | 0.127% | 2025 | Europe & Central Asia |
| 19 | Switzerland | 0.154% | 2025 | Europe & Central Asia |
| 20 | El Salvador | 0.258% | 2025 | Latin America & Caribbean |
| 21 | Seychelles | 0.298% | 2025 | Sub-Saharan Africa |
| 22 | Iraq | 0.303% | 2025 | Middle East, North Africa, Afghanistan & Pakistan |
| 23 | Macao SAR, China | 0.333% | 2025 | East Asia & Pacific |
| 24 | Finland | 0.338% | 2025 | Europe & Central Asia |
| 25 | Bahamas, The | 0.409% | 2024 | Latin America & Caribbean |
| 26 | Timor-Leste | 0.428% | 2025 | East Asia & Pacific |
| 27 | Togo | 0.433% | 2025 | Sub-Saharan Africa |
| 28 | Tuvalu | 0.501% | 2011 | East Asia & Pacific |
| 29 | New Caledonia | 0.578% | 2016 | East Asia & Pacific |
| 30 | Grenada | 0.61% | 2025 | Latin America & Caribbean |
| 31 | Vanuatu | 0.656% | 2025 | East Asia & Pacific |
| 32 | Sweden | 0.68% | 2025 | Europe & Central Asia |
| 33 | Morocco | 0.702% | 2025 | Middle East, North Africa, Afghanistan & Pakistan |
| 34 | Ecuador | 0.71% | 2025 | Latin America & Caribbean |
| 35 | St. Vincent and the Grenadines | 0.815% | 2025 | Latin America & Caribbean |
| 36 | Barbados | 0.847% | 2025 | Latin America & Caribbean |
| 37 | Guinea-Bissau | 0.875% | 2025 | Sub-Saharan Africa |
| 38 | Singapore | 0.903% | 2025 | East Asia & Pacific |
| 39 | France | 0.944% | 2025 | Europe & Central Asia |
| 40 | Oman | 0.968% | 2025 | Middle East, North Africa, Afghanistan & Pakistan |
| 41 | Trinidad and Tobago | 0.994% | 2025 | Latin America & Caribbean |
| 42 | Central African Republic | 1% | 2025 | Sub-Saharan Africa |
| 43 | Belize | 1.06% | 2025 | Latin America & Caribbean |
| 44 | Benin | 1.1% | 2025 | Sub-Saharan Africa |
| 45 | United Arab Emirates | 1.25% | 2025 | Middle East, North Africa, Afghanistan & Pakistan |
| 46 | Qatar | 1.27% | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 47 | Antigua and Barbuda | 1.37% | 2025 | Latin America & Caribbean |
| 48 | Malaysia | 1.38% | 2025 | East Asia & Pacific |
| 49 | Algeria | 1.42% | 2025 | Middle East, North Africa, Afghanistan & Pakistan |
| 50 | Hong Kong SAR, China | 1.44% | 2025 | East Asia & Pacific |
| 51 | Senegal | 1.46% | 2025 | Sub-Saharan Africa |
| 52 | Guatemala | 1.49% | 2025 | Latin America & Caribbean |
| 53 | Peru | 1.53% | 2025 | Latin America & Caribbean |
| 54 | Italy | 1.53% | 2025 | Europe & Central Asia |
| 55 | Mauritania | 1.55% | 2025 | Sub-Saharan Africa |
| 56 | Philippines | 1.66% | 2025 | East Asia & Pacific |
| 57 | Jordan | 1.77% | 2025 | Middle East, North Africa, Afghanistan & Pakistan |
| 58 | Gabon | 1.77% | 2025 | Sub-Saharan Africa |
| 59 | Libya | 1.84% | 2025 | Middle East, North Africa, Afghanistan & Pakistan |
| 60 | Denmark | 1.89% | 2025 | Europe & Central Asia |
| 61 | Indonesia | 1.91% | 2025 | East Asia & Pacific |
| 62 | St. Lucia | 2.03% | 2025 | Latin America & Caribbean |
| 63 | Canada | 2.07% | 2025 | North America |
| 64 | Nicaragua | 2.08% | 2025 | Latin America & Caribbean |
| 65 | Saudi Arabia | 2.08% | 2025 | Middle East, North Africa, Afghanistan & Pakistan |
| 66 | Korea, Rep. | 2.12% | 2025 | East Asia & Pacific |
| 67 | Albania | 2.15% | 2025 | Europe & Central Asia |
| 68 | Germany | 2.17% | 2025 | Europe & Central Asia |
| 69 | Sint Maarten (Dutch part) | 2.19% | 2017 | Latin America & Caribbean |
| 70 | Ireland | 2.21% | 2025 | Europe & Central Asia |
| 71 | Samoa | 2.21% | 2025 | East Asia & Pacific |
| 72 | Luxembourg | 2.26% | 2025 | Europe & Central Asia |
| 73 | San Marino | 2.3% | 2025 | Europe & Central Asia |
| 74 | Portugal | 2.34% | 2025 | Europe & Central Asia |
| 75 | Cabo Verde | 2.34% | 2025 | Sub-Saharan Africa |
| 76 | Cambodia | 2.35% | 2025 | East Asia & Pacific |
| 77 | Kuwait | 2.36% | 2025 | Middle East, North Africa, Afghanistan & Pakistan |
| 78 | Malta | 2.36% | 2025 | Middle East, North Africa, Afghanistan & Pakistan |
| 79 | Slovenia | 2.37% | 2025 | Europe & Central Asia |
| 80 | India | 2.4% | 2025 | South Asia |
| 81 | Congo, Rep. | 2.4% | 2025 | Sub-Saharan Africa |
| 82 | Kiribati | 2.46% | 2024 | East Asia & Pacific |
| 83 | Czechia | 2.46% | 2025 | Europe & Central Asia |
| 84 | Belgium | 2.47% | 2025 | Europe & Central Asia |
| 85 | Greece | 2.48% | 2025 | Europe & Central Asia |
| 86 | Dominica | 2.53% | 2025 | Latin America & Caribbean |
| 87 | Eswatini | 2.6% | 2019 | Sub-Saharan Africa |
| 88 | Curacao | 2.62% | 2019 | Latin America & Caribbean |
| 89 | Nepal | 2.65% | 2025 | South Asia |
| 90 | Botswana | 2.66% | 2025 | Sub-Saharan Africa |
| 91 | Spain | 2.7% | 2025 | Europe & Central Asia |
| 92 | New Zealand | 2.84% | 2025 | East Asia & Pacific |
| 93 | Australia | 2.87% | 2025 | East Asia & Pacific |
| 94 | Congo, Dem. Rep. | 2.89% | 2016 | Sub-Saharan Africa |
| 95 | Equatorial Guinea | 2.92% | 2024 | Sub-Saharan Africa |
| 96 | United States | 2.95% | 2024 | North America |
| 97 | Israel | 3.04% | 2025 | Middle East, North Africa, Afghanistan & Pakistan |
| 98 | Norway | 3.06% | 2025 | Europe & Central Asia |
| 99 | Japan | 3.17% | 2025 | East Asia & Pacific |
| 100 | South Africa | 3.21% | 2025 | Sub-Saharan Africa |
| 101 | Comoros | 3.25% | 2025 | Sub-Saharan Africa |
| 102 | Netherlands | 3.26% | 2025 | Europe & Central Asia |
| 103 | Mali | 3.28% | 2025 | Sub-Saharan Africa |
| 104 | Armenia | 3.31% | 2025 | Europe & Central Asia |
| 105 | Viet Nam | 3.31% | 2025 | East Asia & Pacific |
| 106 | Tanzania | 3.33% | 2025 | Sub-Saharan Africa |
| 107 | Guyana | 3.33% | 2025 | Latin America & Caribbean |
| 108 | Solomon Islands | 3.36% | 2025 | East Asia & Pacific |
| 109 | Cameroon | 3.4% | 2025 | Sub-Saharan Africa |
| 110 | Namibia | 3.51% | 2025 | Sub-Saharan Africa |
| 111 | Austria | 3.53% | 2025 | Europe & Central Asia |
| 112 | Pakistan | 3.55% | 2025 | Middle East, North Africa, Afghanistan & Pakistan |
| 113 | Guinea | 3.55% | 2025 | Sub-Saharan Africa |
| 114 | Bhutan | 3.56% | 2025 | South Asia |
| 115 | St. Kitts and Nevis | 3.56% | 2023 | Latin America & Caribbean |
| 116 | Uganda | 3.58% | 2025 | Sub-Saharan Africa |
| 117 | Mauritius | 3.67% | 2025 | Sub-Saharan Africa |
| 118 | Croatia | 3.69% | 2025 | Europe & Central Asia |
| 119 | Latvia | 3.75% | 2025 | Europe & Central Asia |
| 120 | Lithuania | 3.79% | 2025 | Europe & Central Asia |
| 121 | Mexico | 3.81% | 2025 | Latin America & Caribbean |
| 122 | Poland | 3.81% | 2025 | Europe & Central Asia |
| 123 | Kosovo | 3.86% | 2025 | Europe & Central Asia |
| 124 | Georgia | 3.87% | 2025 | Europe & Central Asia |
| 125 | Dominican Republic | 3.87% | 2025 | Latin America & Caribbean |
| 126 | United Kingdom | 3.88% | 2025 | Europe & Central Asia |
| 127 | Serbia | 3.89% | 2025 | Europe & Central Asia |
| 128 | Montenegro | 3.9% | 2025 | Europe & Central Asia |
| 129 | Slovak Republic | 4% | 2025 | Europe & Central Asia |
| 130 | Jamaica | 4% | 2025 | Latin America & Caribbean |
| 131 | Maldives | 4.01% | 2025 | South Asia |
| 132 | Paraguay | 4.04% | 2025 | Latin America & Caribbean |
| 133 | Kenya | 4.07% | 2025 | Sub-Saharan Africa |
| 134 | North Macedonia | 4.07% | 2025 | Europe & Central Asia |
| 135 | Iceland | 4.09% | 2025 | Europe & Central Asia |
| 136 | Chile | 4.21% | 2025 | Latin America & Caribbean |
| 137 | Aruba | 4.26% | 2019 | Latin America & Caribbean |
| 138 | Lesotho | 4.27% | 2025 | Sub-Saharan Africa |
| 139 | Mozambique | 4.37% | 2025 | Sub-Saharan Africa |
| 140 | Hungary | 4.41% | 2025 | Europe & Central Asia |
| 141 | Papua New Guinea | 4.42% | 2025 | East Asia & Pacific |
| 142 | Bulgaria | 4.58% | 2025 | Europe & Central Asia |
| 143 | Honduras | 4.6% | 2025 | Latin America & Caribbean |
| 144 | Uruguay | 4.65% | 2025 | Latin America & Caribbean |
| 145 | Estonia | 4.83% | 2025 | Europe & Central Asia |
| 146 | Brazil | 5.02% | 2025 | Latin America & Caribbean |
| 147 | Colombia | 5.14% | 2025 | Latin America & Caribbean |
| 148 | Tunisia | 5.15% | 2025 | Middle East, North Africa, Afghanistan & Pakistan |
| 149 | Micronesia, Fed. Sts. | 5.41% | 2022 | East Asia & Pacific |
| 150 | Tonga | 5.59% | 2025 | East Asia & Pacific |
| 151 | Azerbaijan | 5.62% | 2025 | Europe & Central Asia |
| 152 | Rwanda | 5.91% | 2025 | Sub-Saharan Africa |
| 153 | Tajikistan | 6% | 2016 | Europe & Central Asia |
| 154 | Bosnia and Herzegovina | 6.11% | 2023 | Europe & Central Asia |
| 155 | Belarus | 6.6% | 2025 | Europe & Central Asia |
| 156 | Romania | 7.19% | 2025 | Europe & Central Asia |
| 157 | Sierra Leone | 7.49% | 2025 | Sub-Saharan Africa |
| 158 | Lao PDR | 7.74% | 2025 | East Asia & Pacific |
| 159 | Moldova | 7.76% | 2025 | Europe & Central Asia |
| 160 | Madagascar | 8.05% | 2025 | Sub-Saharan Africa |
| 161 | Yemen, Rep. | 8.1% | 2014 | Middle East, North Africa, Afghanistan & Pakistan |
| 162 | Kyrgyz Republic | 8.21% | 2025 | Europe & Central Asia |
| 163 | Liberia | 8.32% | 2025 | Sub-Saharan Africa |
| 164 | Mongolia | 8.61% | 2025 | East Asia & Pacific |
| 165 | Russian Federation | 8.72% | 2025 | Europe & Central Asia |
| 166 | Bangladesh | 8.77% | 2025 | South Asia |
| 167 | Uzbekistan | 8.8% | 2025 | Europe & Central Asia |
| 168 | Myanmar | 8.83% | 2019 | East Asia & Pacific |
| 169 | Suriname | 9.21% | 2025 | Latin America & Caribbean |
| 170 | West Bank and Gaza | 9.81% | 2025 | Middle East, North Africa, Afghanistan & Pakistan |
| 171 | Sao Tome and Principe | 11% | 2025 | Sub-Saharan Africa |
| 172 | Kazakhstan | 11.4% | 2025 | Europe & Central Asia |
| 173 | Gambia, The | 11.6% | 2024 | Sub-Saharan Africa |
| 174 | Ukraine | 12.7% | 2025 | Europe & Central Asia |
| 175 | Ethiopia | 13.2% | 2025 | Sub-Saharan Africa |
| 176 | Syrian Arab Republic | 13.4% | 2019 | Middle East, North Africa, Afghanistan & Pakistan |
| 177 | Zambia | 13.9% | 2025 | Sub-Saharan Africa |
| 178 | Egypt, Arab Rep. | 14.1% | 2025 | Middle East, North Africa, Afghanistan & Pakistan |
| 179 | Ghana | 14.2% | 2025 | Sub-Saharan Africa |
| 180 | Lebanon | 14.6% | 2025 | Middle East, North Africa, Afghanistan & Pakistan |
| 181 | Bolivia | 19.5% | 2025 | Latin America & Caribbean |
| 182 | Angola | 20.2% | 2025 | Sub-Saharan Africa |
| 183 | Nigeria | 23% | 2025 | Sub-Saharan Africa |
| 184 | Malawi | 28.4% | 2025 | Sub-Saharan Africa |
| 185 | Haiti | 28.6% | 2025 | Latin America & Caribbean |
| 186 | Burundi | 34.1% | 2025 | Sub-Saharan Africa |
| 187 | Turkiye | 34.9% | 2025 | Europe & Central Asia |
| 188 | Iran, Islamic Rep. | 42.2% | 2025 | Middle East, North Africa, Afghanistan & Pakistan |
| 189 | South Sudan | 91.4% | 2024 | Sub-Saharan Africa |
| 190 | Zimbabwe | 105% | 2022 | Sub-Saharan Africa |
| 191 | Sudan | 139% | 2022 | Sub-Saharan Africa |
| 192 | Argentina | 220% | 2024 | Latin America & Caribbean |
| 193 | Venezuela, RB | 255% | 2016 | Latin America & Caribbean |
More on inflation
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- Countries With the Lowest Public Social Spending
- Countries With the Lowest Family Benefits Spending
- Countries With the Lowest Old-age Spending
- Countries With the Lowest Aid Given
- Countries With the Lowest Government Spending per Capita
- Countries With the Lowest Corporate Tax Rates
- Countries With the Lowest HDI
- Countries With the Lowest Inequality-adjusted HDI
A ranking describes countries, not the people in them, and a high or low place does not by itself say why. All country rankings.