Highest inflation rate in the world by country 2018

The statistic lists the 20 countries with the highest inflation rate in 2018. In 2018, Yemen ranked 4th with an estimated inflation rate of about 41.77 percent compared to the previous year.

Inflation in industrialized and in emerging countries

Higher inflation rates are more present in third world or developing countries, because they often lack a sufficient central bank, which in turn results in the manipulation of currency to achieve short term economic goals. Thus, interest rates increase while the general economic situation remains constant. In more industrial countries and in the prime emerging markets, such as the BRIC countries, the inflation rate remained relatively stable over the previous months, with the exception of India, which experienced a substantial improvement over a short period of time. In the European Union and the Euro area, the inflation rate has changed minimally year-over-year and is continuing to decrease. Additionally, the majority of countries that maintained the lowest inflation rate compared to previous years are primarily European, most likely as a result of economical progress with regards to the global financial crisis, which drastically affected most European countries.

Despite increases in unemployment as well as national debt, gross domestic product of all countries in the European Union and the Euro area has improved, particularly after experiencing an immense crash during the prime of the financial crisis in 2009.

The 20 countries with the highest inflation rate in 2018

Inflation rate compared to previous year
Venezuela 929,789.5%
South Sudan 83.49%
Sudan 63.29%
Yemen 41.77%
Argentina 34.28%
Islamic Republic of Iran 31.17%
Democratic Republic of the Congo 29.3%
Liberia 23.43%
Libya 23.09%
Egypt 20.86%
Angola 19.63%
Uzbekistan 17.9%
Sierra Leone 16.87%
Turkey 16.33%
Ethiopia 13.82%
Turkmenistan 13.56%
Haiti 13.48%
Nigeria 12.09%
Ukraine 10.95%
Zimbabwe 10.61%
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Source

Release date

April 2019

Region

Worldwide

Survey time period

2018

Supplementary notes

According to the source, all figures are estimates.

Figures have been rounded to provide a better understanding of the statistic.

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