The 20 countries with the highest inflation rate in 2017 (compared to the previous year)

Countries with the highest inflation rate 2017 The statistic lists the 20 countries with the highest inflation rate in 2017. In 2017, Azerbaijan ranked 17th with an estimated inflation rate of about 13 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.
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Inflation rate compared to previous year
Venezuela 1,087.52%
South Sudan 187.87%
Democratic Republic of the Congo 41.5%
Sudan 32.35%
Angola 29.84%
Libya 28.53%
Argentina 25.68%
Yemen 24.66%
Egypt 23.54%
Suriname 22.02%
Sierra Leone 18.22%
Burundi 16.64%
Nigeria 16.5%
Mozambique 15.32%
Haiti 14.74%
Ukraine 14.44%
Azerbaijan 13%
Uzbekistan 12.55%
Liberia 12.44%
Ghana 12.37%
Inflation rate compared to previous year
Venezuela 1,087.52%
South Sudan 187.87%
Democratic Republic of the Congo 41.5%
Sudan 32.35%
Angola 29.84%
Libya 28.53%
Argentina 25.68%
Yemen 24.66%
Egypt 23.54%
Suriname 22.02%
Sierra Leone 18.22%
Burundi 16.64%
Nigeria 16.5%
Mozambique 15.32%
Haiti 14.74%
Ukraine 14.44%
Azerbaijan 13%
Uzbekistan 12.55%
Liberia 12.44%
Ghana 12.37%
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Description Source More information
The statistic lists the 20 countries with the highest inflation rate in 2017. In 2017, Azerbaijan ranked 17th with an estimated inflation rate of about 13 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.
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Release date
October 2018
Region
Worldwide
Survey time period
2017
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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