In this article, we will look at 10 countries with deflation or dangerously low inflation. If you want to read our detailed analysis, head straight to 36 Countries with Deflation or Dangerously Low Inflation.
10. Cape Verde
Inflation Rate (Jan 2024): 0.03%
Real GDP Growth Rate (2022): 17.10%
Unemployment Rate (2023): 12.10%
Cape Verde has an unemployment rate of 12.10% and an inflation rate of 0.03%. With a real GDP growth rate of 17.10%, Cape Verde is one of the countries with the lowest inflation rates in the world.
9. New Caledonia
Inflation Rate (Jan 2024): -0.02%
Real GDP Growth Rate (2022): 3.50%
Unemployment Rate (2022): 11%
New Caledonia is a French territory comprising dozens of islands in the South Pacific. New Caledonia has an inflation rate of -0.02% and an unemployment rate of 11%. With a real GDP growth rate of 3.50%, New Caledonia ranks ninth among the countries with deflation or dangerously low inflation.
8. Oman
Inflation Rate (Jan 2024): -0.09%
Real GDP Growth Rate (2024): 2.70%
Unemployment Rate (2022): 1.50%
Oman has an inflation rate of -0.09% and has a real GDP growth rate of 2.70%. Oman has a minimal unemployment rate of 1.50%.
7. China
Inflation Rate (Jan 2024): -0.80%
Real GDP Growth Rate (2024): 4.20%
Unemployment Rate (2022): 5%
China is one of the largest economies in the world. However, the country has been facing a crisis in the property market lately. China has an inflation rate of -0.80% with a real GDP growth rate of 4.20% and an unemployment rate of 5%.
6. Armenia
Inflation Rate (Jan 2024 ): -0.85%
Real GDP Growth Rate (2024): 5%
Unemployment Rate (2022): 8.60%
Armenia has a real GDP growth rate of 5% and inflation rate of -0.85%. With an unemployment rate of 8.60%, Armenia ranks among the countries with deflation or dangerously low inflation.
5. Thailand
Inflation Rate (Jan 2024): -1.11%
Real GDP Growth Rate (2024): 3.20%
Unemployment Rate (2022): 0.90%
Thailand has a real GDP growth rate of 3.20% and a low unemployment rate of 0.90%. The inflation is negative in the country reported at around -1.11%.
4. Benin
Inflation Rate (Jan 2024): -1.16%
Real GDP Growth Rate (2024): 6.30%
Unemployment Rate (2022): 1.50%
Benin has an unemployment rate of 1.50% and an inflation rate of -1.16%. With a real GDP growth rate of 6.30%, Benin ranks fourth among the countries with deflation and dangerously low inflation.
3. Costa Rica
Inflation Rate (Jan 2024): -1.87%
Real GDP Growth Rate (2024): 3.20%
Unemployment Rate (2022): 11.30%
Costa Rica has an unemployment rate of 11.30% and an inflation rate of -1.87%. Costa Rica has a real GDP growth rate of 3.20%.
2. Seychelles
Inflation Rate (Jan 2024): -2.02%
Real GDP Growth Rate (2024): 3.90%
Unemployment Rate (Dec 2020): 4%
Seychelles has a real GDP growth rate of 3.90% and an unemployment rate of 4%. With an inflation rate of -2.02%, Seychelles ranks second among the countries with deflation or dangerously low inflation.
1. Afghanistan
Inflation Rate (Nov 2023): -9.12%
Real GDP Growth Rate (2022): -2.40%
Unemployment Rate (2022): 14.10%
Afghanistan is ranked first among the countries with deflation or dangerously low inflation. Afghanistan has an inflation rate of -9.12% and an unemployment rate of 14.10%.
You can also take a look at the 20 Countries with Highest Income Tax Rates in Europe and 15 Worst Performing Stocks in S&P 500.
