Inflation, GDP deflator: linked series (annual %) in Japan
Japan: Inflation, GDP deflator: linked series (annual %) was 3.4% in 2025. ◆ Volatile
Inflation, GDP deflator: linked series in Japan, 1990–2025
Source: Staff estimates, World Bank (WB). Measured in annual %.
Analysis
The most recent figure for inflation, gdp deflator: linked series in Japan is 3.4%, measured in 2025.
That represents a change of up 6.9% on the previous year and up 65.1% over ten years.
Over the whole period, inflation, gdp deflator: linked series in Japan peaked at 4.6% in 2023 and was at its lowest, -1.9%, in 2010.
That places Japan 102nd out of 214 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, GDP deflator: linked series (annual %) in Japan, year by year
| Year | annual % | Change |
|---|---|---|
| 1990 | 2.5% | — |
| 1991 | 3.0% | +19.7% |
| 1992 | 1.7% | -42.5% |
| 1993 | 0.6% | -66.0% |
| 1994 | 0.3% | -53.0% |
| 1995 | -0.6% | -332.4% |
| 1996 | -0.1% | -84.4% |
| 1997 | 0.1% | -178.9% |
| 1998 | -0.2% | -328.3% |
| 1999 | -1.3% | +645.6% |
| 2000 | -1.2% | -10.8% |
| 2001 | -1.0% | -16.1% |
| 2002 | -1.4% | +37.8% |
| 2003 | -1.8% | +26.9% |
| 2004 | -1.3% | -29.0% |
| 2005 | -1.3% | +4.6% |
| 2006 | -0.9% | -28.2% |
| 2007 | -1.0% | +3.3% |
| 2008 | -0.9% | -6.9% |
| 2009 | -0.5% | -48.5% |
| 2010 | -1.9% | +308.3% |
| 2011 | -1.6% | -17.5% |
| 2012 | -0.8% | -49.5% |
| 2013 | -0.2% | -77.5% |
| 2014 | 1.7% | -1073.9% |
| 2015 | 2.1% | +19.5% |
| 2016 | 0.6% | -71.8% |
| 2017 | 0.0% | -96.3% |
| 2018 | -0.1% | -649.9% |
| 2019 | 0.8% | -756.4% |
| 2020 | 1.2% | +57.1% |
| 2021 | -0.0% | -103.6% |
| 2022 | 0.6% | -1536.4% |
| 2023 | 4.6% | +618.9% |
| 2024 | 3.2% | -29.9% |
| 2025 | 3.4% | +6.9% |
Japan compared with similar countries
- Japan's 3.4% is above the median for high income countries, which is 2.6%, 1.3× the median. (82 countries reporting)
- Japan's 3.4% is above the median for East Asia & Pacific, which is 2.6%, 1.3× the median. (36 countries reporting)
Biggest year-on-year movements
Years where Inflation, GDP deflator: linked series (annual %) in Japan 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 |
|---|---|---|---|
| 2022 | +1536.4% | -0.0% | 0.6% |
| 2014 | +1073.9% | -0.2% | 1.7% |
| 2019 | +756.4% | -0.1% | 0.8% |
| 1999 | -645.6% | -0.2% | -1.3% |
| 2018 | -649.9% | 0.0% | -0.1% |
| 2023 | +618.9% | 0.6% | 4.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.6% | -1.3% | 3.0% | 10 |
| 2000s | -1.1% | -1.8% | -0.5% | 10 |
| 2010s | 0.1% | -1.9% | 2.1% | 10 |
| 2020s | 2.2% | -0.0% | 4.6% | 6 |
Countries ranked near Japan
More financial sector data for Japan
- Reserve position in the IMF, US dollar, annual growth rate 10.42 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0025 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 91.29 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 5.15 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0019 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 66.66 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 10.42 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0025 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 91.29 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 5.15 % change on previous year (2025)
Frequently asked questions
- What is inflation, gdp deflator: linked series in Japan?
- Inflation, gdp deflator: linked series in Japan was 3.4% in 2025, according to Staff estimates, World Bank (WB).
- What is the highest inflation, gdp deflator: linked series recorded in Japan?
- The highest recorded value was 4.6% in 2023.
- What is the lowest inflation, gdp deflator: linked series recorded in Japan?
- The lowest recorded value was -1.9% in 2010.
- How does Japan rank for inflation, gdp deflator: linked series?
- Japan ranks 102nd out of 214 countries with data for 2025.
- Is inflation, gdp deflator: linked series rising or falling in Japan?
- Over the last ten years it is up 65.1%. The long-run trend across the full record is volatile.
- Where does this Japan 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.