Inflation, GDP deflator: linked series in China
China: Inflation, GDP deflator: linked series was -0.9% in 2025. ◆ Volatile
Inflation, GDP deflator: linked series in China, 1990–2025
Source: Staff estimates, World Bank (WB). Measured in annual %.
Analysis
In 2025, inflation, gdp deflator: linked series in China stood at -0.9%.
That represents a change of down 20.7% on the previous year and down 785.2% over ten years.
Over the whole period, inflation, gdp deflator: linked series in China peaked at 20.6% in 1994 and was at its lowest, -1.2%, in 1999.
That places China 195th out of 212 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, GDP deflator: linked series in China, year by year
| Year | annual % | Change |
|---|---|---|
| 1990 | 5.7% | — |
| 1991 | 6.7% | +17.2% |
| 1992 | 8.2% | +22.2% |
| 1993 | 15.2% | +85.2% |
| 1994 | 20.6% | +35.8% |
| 1995 | 13.7% | -33.8% |
| 1996 | 6.5% | -52.3% |
| 1997 | 1.6% | -74.7% |
| 1998 | -0.8% | -150.3% |
| 1999 | -1.2% | +47.6% |
| 2000 | 2.1% | -272.6% |
| 2001 | 2.2% | +4.2% |
| 2002 | 0.6% | -70.5% |
| 2003 | 2.6% | +307.5% |
| 2004 | 7.0% | +163.8% |
| 2005 | 3.8% | -46.2% |
| 2006 | 4.0% | +7.1% |
| 2007 | 7.9% | +96.9% |
| 2008 | 7.9% | -0.7% |
| 2009 | -0.1% | -101.1% |
| 2010 | 6.9% | -8249.4% |
| 2011 | 8.0% | +15.6% |
| 2012 | 2.4% | -70.0% |
| 2013 | 2.3% | -4.4% |
| 2014 | 1.1% | -52.5% |
| 2015 | 0.1% | -87.7% |
| 2016 | 1.5% | +999.0% |
| 2017 | 4.1% | +180.3% |
| 2018 | 3.5% | -16.4% |
| 2019 | 1.3% | -62.0% |
| 2020 | 0.5% | -59.7% |
| 2021 | 4.5% | +743.0% |
| 2022 | 1.9% | -56.8% |
| 2023 | -0.5% | -126.2% |
| 2024 | -0.8% | +50.8% |
| 2025 | -0.9% | +20.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.6% | -1.2% | 20.6% | 10 |
| 2000s | 3.8% | -0.1% | 7.9% | 10 |
| 2010s | 3.1% | 0.1% | 8.0% | 10 |
| 2020s | 0.8% | -0.9% | 4.5% | 6 |
Countries ranked near China
- 192 Eswatini -0.4% compare
- 193 Costa Rica -0.5% compare
- 194 Thailand -0.9% compare
- 196 Mozambique -1.0% compare
- 197 Equatorial Guinea -1.4% compare
- 198 Niger -1.6% compare
More financial sector data for China
- Net domestic credit (current LCU), per capita 250,718 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 18.86 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 8.43 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 2.60 billion SDR (2025)
- Gold reserves at market value 236.49 billion SDR (2025)
- Reserves excluding gold, foreign exchange 2.45 trillion SDR (2025)
- Reserves excluding gold 2.50 trillion SDR (2025)
- Total reserves (gold at market value) 2.74 trillion SDR (2025)
- Total reserves (gold at national valuation) 2.73 trillion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,944 SDR per person (2025)
Frequently asked questions
- What is inflation, gdp deflator: linked series in China?
- Inflation, gdp deflator: linked series in China was -0.9% in 2025, according to Staff estimates, World Bank (WB).
- What is the highest inflation, gdp deflator: linked series recorded in China?
- The highest recorded value was 20.6% in 1994.
- What is the lowest inflation, gdp deflator: linked series recorded in China?
- The lowest recorded value was -1.2% in 1999.
- How does China rank for inflation, gdp deflator: linked series?
- China ranks 195th out of 212 countries with data for 2025.
- Is inflation, gdp deflator: linked series rising or falling in China?
- Over the last ten years it is down 785.2%. The long-run trend across the full record is volatile.
- Where does this China data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Inflation, GDP deflator: linked series (annual %). Statizoid updates them automatically from the source API.
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About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.