Inflation, GDP deflator: linked series (annual %) in China
China: Inflation, GDP deflator: linked series (annual %) 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 197th out of 214 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 (annual %) 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% |
China compared with similar countries
- China's -0.9% is below the median for upper middle income countries, which is 3.3%. (59 countries reporting)
- China's -0.9% is below the median for East Asia & Pacific, which is 2.6%. (36 countries reporting)
Biggest year-on-year movements
Years where Inflation, GDP deflator: linked series (annual %) in China changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +8249.4% | -0.1% | 6.9% |
| 2016 | +999.0% | 0.1% | 1.5% |
| 2021 | +743.0% | 0.5% | 4.5% |
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
- 194 Eswatini -0.4% compare
- 195 Costa Rica -0.5% compare
- 196 Thailand -0.9% compare
- 198 Mozambique -1.0% compare
- 199 Equatorial Guinea -1.4% compare
- 200 Niger -1.6% compare
More financial sector data for China
- Reserve position in the IMF, US dollar, annual growth rate 14.56 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0006 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 7.95 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 9.09 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0004 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 5.8 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 14.56 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0006 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 7.95 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 9.09 % change on previous year (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 197th out of 214 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.
Download this data
CSV · JSON — 36 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.