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Wednesday, October 28, 2020

Stats Gate

Countries With The Highest Inflation Rates In The World, 2019

After Venezuela (282972.8%) and Zimbabwe (175.66%), the highest inflation rates were registered in South Sudan (56.1%), North Korea (55%) and Argentina (54.4%), while the lowest annual rates were registered in Libya (-7.1%), Burundi (-4%), and Burkina Faso (3.9%). The global inflation rate is currently around 3.6%.

Crisis-hit Venezuela tops a list of countries with the highest levels of inflation, with a rate estimated at almost 282972.8 percent in April 2019. Amid political and economic uncertainty, the CEOWORLD magazine predicts the rate will soar to 10 million percent by the end of 2019. The table below lists countries with the highest inflation rates in 2019.

High inflation is generally detrimental to the economy. Prices tend to rise faster than wages, meaning that people and firms have less purchasing power. The rate of inflation has a big impact on your financial situation, affecting mortgage payments, savings and the cost of your weekly shopping. This, in turn, leads to slower growth in the gross domestic product (GDP).

Countries With The Highest Inflation Rates In The World, 2019

RankCountryInflation Rate (Percent)Update
1Venezuela 282972.8April 19, 2019
2Zimbabwe 175.66June 19, 2019
3South Sudan 56.1March 19, 2019
4North Korea 55July 13, 2019
5Argentina 54.4July 19, 2019
6Sudan 52.3July 19, 2019
7Iran 48July 19, 2019
8Liberia 23.3April 19, 2019
9Haiti 18.6June 19, 2019
10Sierra Leone 17.46March 19, 2019
11Angola 17.24July 19, 2019
12Ethiopia 15.5July 19, 2019
13Turkey 15.01August 19, 2019
14Uzbekistan 14.3December 18, 2019
15Nigeria 11.08July 19, 2019
16Islamic Republic of Pakistan10.3July 19, 2019
17Guinea 9.9June 19, 2019
18Myanmar 9.51June 19, 2019
19Yemen 9.49November 14, 2019
20Ghana 9.4July 19, 2019
21Turkmenistan 9.4December 18, 2019
22Malawi 9.3July 19, 2019
23Zambia 9.3August 19, 2019
24Ukraine 9.1July 19, 2019
25Eritrea 9December 18, 2019
26Egypt 8.7July 19, 2019
27Tajikistan 8.7June 19, 2019
28Sao Tome and Principe 8.2July 19, 2019
29Uruguay 7.54July 19, 2019
30Mongolia 7.4July 19, 2019
31Gambia 7.38June 19, 2019
32Somalia 6.8July 19, 2019
33Tunisia 6.5July 19, 2019
34Nepal 6.2June 19, 2019
35Nicaragua 6.09July 19, 2019
36Belarus 6July 19, 2019
37Cuba 5.9December 18, 2019
38Bangladesh 5.62July 19, 2019
39Lesotho 5.6June 19, 2019
40Madagascar 5.5July 19, 2019
41Moldova 5.4July 19, 2019
42Kazakhstan 5.2August 19, 2019
43Kenya 5August 19, 2019
44Georgia 4.9August 19, 2019
45Aruba 4.8June 19, 2019
46Honduras 4.69July 19, 2019
47Russia 4.6July 19, 2019
48Congo 4.57June 19, 2019
49Papua New Guinea 4.5March 19, 2019
50Guatemala 4.37July 19, 2019
51Jamaica 4.3July 19, 2019
52Suriname 4.3July 19, 2019
53Romania 4.1July 19, 2019
54Afghanistan 4June 19, 2019
55South Africa 4July 19, 2019
56Bhutan 3.9April 19, 2019
57Colombia 3.79July 19, 2019
58Mexico 3.78July 19, 2019
59Tanzania 3.7July 19, 2019
60Bahamas 3.6February 19, 2019
61Namibia 3.6July 19, 2019
62Indonesia 3.49August 19, 2019
63Sri Lanka 3.4August 19, 2019
64Hong Kong 3.3July 19, 2019
65Hungary 3.3July 19, 2019
66Brazil 3.22July 19, 2019
67Iceland 3.2August 19, 2019
68India 3.15July 19, 2019
69Paraguay 3.1July 19, 2019
70Central African Republic 3December 18, 2019
71Laos 3July 19, 2019
72Botswana 2.9July 19, 2019
73Bulgaria 2.9July 19, 2019
74Czech Republic 2.9July 19, 2019
75Djibouti 2.9April 19, 2019
76Latvia 2.9July 19, 2019
77Slovakia 2.9July 19, 2019
78Costa Rica 2.89July 19, 2019
79China 2.8July 19, 2019
80Poland 2.8August 19, 2019
81Azerbaijan 2.7July 19, 2019
82Lithuania 2.7July 19, 2019
83Kosovo 2.6July 19, 2019
84Macau 2.6July 19, 2019
85Maldives 2.5June 19, 2019
86Netherlands 2.5July 19, 2019
87Guyana 2.4June 19, 2019
88Philippines 2.4July 19, 2019
89Cameroon 2.3December 18, 2019
90Slovenia 2.3August 19, 2019
91Vanuatu 2.3June 19, 2019
92Vietnam 2.26August 19, 2019
93Chile 2.2July 19, 2019
94Mozambique 2.16July 19, 2019
95Estonia 2.1July 19, 2019
96Uganda 2.1August 19, 2019
97United Kingdom 2.1July 19, 2019
98Peru 2.04August 19, 2019
99Cambodia 2February 19, 2019
100Canada 2July 19, 2019
101Bolivia 1.92July 19, 2019
102Gabon 1.9May 19, 2019
103Norway 1.9July 19, 2019
104Luxembourg 1.8July 19, 2019
105Malta 1.8July 19, 2019
106Mauritania 1.8June 19, 2019
107United States 1.8July 19, 2019
108Armenia 1.7July 19, 2019
109Cayman Islands 1.7December 18, 2019
110Comoros 1.7December 18, 2019
111New Zealand 1.7June 19, 2019
112Swaziland 1.7June 19, 2019
113Sweden 1.7July 19, 2019
114Australia 1.6June 19, 2019
115Rwanda 1.6July 19, 2019
116Serbia 1.6July 19, 2019
117Palestine 1.53July 19, 2019
118Seychelles 1.53July 19, 2019
119Albania 1.5July 19, 2019
120Algeria 1.5July 19, 2019
121Kyrgyzstan 1.5July 19, 2019
122Lebanon 1.45July 19, 2019
123Austria 1.4July 19, 2019
124Dominican Republic 1.4July 19, 2019
125European Union 1.4July 19, 2019
126Germany 1.4August 19, 2019
127Malaysia 1.4July 19, 2019
128Equatorial Guinea 1.3December 18, 2019
129Belgium 1.26August 19, 2019
130Faroe Islands 1.2March 19, 2019
131Fiji 1.2August 19, 2019
132Ivory Coast 1.2July 19, 2019
133Kuwait 1.2July 19, 2019
134Barbados 1.1February 19, 2019
135Cape Verde 1.1July 19, 2019
136Croatia 1.1July 19, 2019
137France 1.1August 19, 2019
138Republic of the Congo 1.1May 18, 2019
139Senegal 1.1July 19, 2019
140Syria 1.1December 17, 2019
141Trinidad and Tobago 1.1July 19, 2019
142Bermuda 1April 19, 2019
143Euro Area 1August 19, 2019
144New Caledonia 0.9June 19, 2019
145Finland 0.8July 19, 2019
146Macedonia 0.8July 19, 2019
147Mauritius 0.8July 19, 2019
148Ecuador 0.71July 19, 2019
149East Timor 0.6July 19, 2019
150Togo 0.6July 19, 2019
151Thailand 0.52August 19, 2019
152Bosnia and Herzegovina 0.5July 19, 2019
153Ireland 0.5July 19, 2019
154Israel 0.5July 19, 2019
155Italy 0.5August 19, 2019
156Japan 0.5July 19, 2019
157Denmark 0.4July 19, 2019
158Singapore 0.4July 19, 2019
159Taiwan 0.4July 19, 2019
160Liechtenstein 0.3July 19, 2019
161Morocco 0.3July 19, 2019
162Oman 0.3July 19, 2019
163Puerto Rico 0.3July 19, 2019
164Spain 0.3August 19, 2019
165Switzerland 0.3August 19, 2019
166Jordan 0.2July 19, 2019
167El Salvador 0.13July 19, 2019
168Greece 0July 19, 2019
169South Korea 0August 19, 2019
170Portugal -0.1August 19, 2019
171Belize -0.3June 19, 2019
172Cyprus -0.3July 19, 2019
173Panama -0.3July 19, 2019
174Bahrain -0.4July 19, 2019
175Montenegro -0.4July 19, 2019
176Qatar -0.6July 19, 2019
177Brunei -0.7June 19, 2019
178Iraq -0.8May 19, 2019
179Benin -0.9May 19, 2019
180Saudi Arabia -1.3July 19, 2019
181Chad -1.4June 19, 2019
182Mali -1.4June 19, 2019
183Guinea Bissau -1.5June 19, 2019
184United Arab Emirates -1.5June 19, 2019
185Niger -3.5July 19, 2019
186Burkina Faso -3.9June 19, 2019
187Burundi -4June 19, 2019
188Libya -7.1June 19, 2019

Top 20 Countries with the Highest Inflation Rates in the World, 2019


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Anna Papadopoulos

Anna Papadopoulos

Deputy Managing Editor
Anna Papadopoulos is a Deputy Managing Editor at CEOWORLD magazine, covering success, business, lifestyle, entrepreneurship, careers and more. Shea is responsible for driving thought leadership, using data analytics to showcase CEOWORLD magazine’s editorial imagination, and fostering knowledge sharing between magazine and readers. She can be reached on email anna-papadopoulos@ceoworld.biz. You can follow her on Twitter at @ceoworld.