Countries in South America Ranked by Inflation rate (2025)
Inflation rate: each country's latest value (2020–2025), ranked from highest to lowest. Source: The World Bank (CC BY 4.0).
Summary
Argentina ranks #1 with 219.9% per year (consumer prices) (2024). That is 11 times Bolivia in second place (19.5% per year (consumer prices)). The top five are Argentina, Bolivia, Suriname, Colombia and Brazil. The median across all 11 is 4.65% per year (consumer prices); Ecuador is last at 0.71% per year (consumer prices). Argentina's figure has risen 541% since 2018 (34.3% per year (consumer prices) to 219.9% per year (consumer prices) in 2024).
- #1
- Argentina · 219.9% per year (consumer prices)
- Median
- 4.65% per year (consumer prices)
- Coverage
- 11 countries in South America
- Data year
- 2025
- Last updated
- 2026-11-14
Full ranking
About the top 10
#1 Argentina
Argentina ranks #1 on this list with 219.9% per year (consumer prices) (2024).
- Capital
- Buenos Aires
- Continent
- South America
- Income group
- Upper middle income
- Population
- 45.85 million people (2025)
- GDP
- US$683.1 billion (2025)
- GDP per person
- US$14,898 (2025)
- Life expectancy
- 77.5 years (2024)
- Urban population
- 92.4% of population (2025)
Largest cities: Greater Buenos Aires, Buenos Aires, Córdoba.
Also ranks #1 in inflation rate · #2 in access to clean cooking fuels · #2 in deposit interest rate.
#2 Bolivia
Bolivia ranks #2 on this list with 19.5% per year (consumer prices).
- Capital
- La Paz, Sucre
- Continent
- South America
- Income group
- Lower middle income
- Population
- 12.58 million people (2025)
- GDP
- US$64.77 billion (2025)
- GDP per person
- US$5,148 (2025)
- Life expectancy
- 68.7 years (2024)
- Urban population
- 71.6% of population (2025)
Largest cities: Santa Cruz de la Sierra.
Also ranks #2 in real effective exchange rate index · #3 in bank branches per 100,000 adults · #4 in women in parliament share.
#3 Suriname
Suriname ranks #3 on this list with 9.21% per year (consumer prices).
- Capital
- Paramaribo
- Continent
- South America
- Income group
- Upper middle income
- Population
- 639,850 people (2025)
- GDP
- US$4.52 billion (2025)
- GDP per person
- US$7,070 (2025)
- Life expectancy
- 73.8 years (2024)
- Urban population
- 65.8% of population (2025)
Also ranks #2 in forest area share · #3 in irrigated land share · #3 in water resources per capita.
#4 Colombia
Colombia ranks #4 on this list with 5.14% per year (consumer prices).
- Capital
- Bogotá
- Continent
- South America
- Income group
- Upper middle income
- Population
- 53.43 million people (2025)
- GDP
- US$457.41 billion (2025)
- GDP per person
- US$8,562 (2025)
- Life expectancy
- 77.9 years (2024)
- Urban population
- 78.8% of population (2025)
Largest cities: Bogotá, Medellín, Cali.
Also ranks #1 in income share of richest 10% · #1 in gini index · #4 in women in ministerial positions share.
#5 Brazil
Brazil ranks #5 on this list with 5.02% per year (consumer prices).
- Capital
- Brasília
- Continent
- South America
- Income group
- Upper middle income
- Population
- 212.81 million people (2025)
- GDP
- US$2.28 trillion (2025)
- GDP per person
- US$10,713 (2025)
- Life expectancy
- 76 years (2024)
- Urban population
- 88.2% of population (2025)
Largest cities: Greater Rio de Janeiro, São Paulo, Rio de Janeiro.
Also ranks #1 in new businesses registered · #2 in forest area · #3 in external debt stocks.
#6 Uruguay
Uruguay ranks #6 on this list with 4.65% per year (consumer prices).
- Capital
- Montevideo
- Continent
- South America
- Income group
- High income
- Population
- 3.38 million people (2025)
- GDP
- US$85.35 billion (2025)
- GDP per person
- US$25,216 (2025)
- Life expectancy
- 78.3 years (2024)
- Urban population
- 95.7% of population (2025)
Largest cities: Montevideo.
Also ranks #1 in atms per 100,000 adults · #3 in agricultural land share · #5 in suicide mortality rate.
#7 Chile
Chile ranks #7 on this list with 4.21% per year (consumer prices).
- Capital
- Santiago
- Continent
- South America
- Income group
- High income
- Population
- 19.86 million people (2025)
- GDP
- US$357.37 billion (2025)
- GDP per person
- US$17,995 (2025)
- Life expectancy
- 81.4 years (2024)
- Urban population
- 89.2% of population (2025)
Largest cities: Santiago, Santo Domingo.
Also ranks #5 in mineral rents share of gdp · #7 in school enrolment (tertiary) · #10 in fish production.
#8 Paraguay
Paraguay ranks #8 on this list with 4.04% per year (consumer prices).
- Capital
- Asunción
- Continent
- South America
- Income group
- Upper middle income
- Population
- 7.01 million people (2025)
- GDP
- US$49.28 billion (2025)
- GDP per person
- US$7,027 (2025)
- Life expectancy
- 74 years (2024)
- Urban population
- 70.4% of population (2025)
Also ranks #8 in official exchange rate · #11 in income share of richest 10% · #14 in gini index.
#9 Guyana
Guyana ranks #9 on this list with 3.33% per year (consumer prices).
- Capital
- Georgetown
- Continent
- South America
- Income group
- High income
- Population
- 835,990 people (2025)
- GDP
- US$27.1 billion (2025)
- GDP per person
- US$32,414 (2025)
- Life expectancy
- 70.3 years (2024)
- Urban population
- 26.5% of population (2025)
Also ranks #1 in gdp growth rate · #1 in industry value added share of gdp · #1 in livestock production index.
#10 Peru
Peru ranks #10 on this list with 1.53% per year (consumer prices).
- Capital
- Lima
- Continent
- South America
- Income group
- Upper middle income
- Population
- 34.58 million people (2025)
- GDP
- US$334.85 billion (2025)
- GDP per person
- US$9,684 (2025)
- Life expectancy
- 77.9 years (2024)
- Urban population
- 85.6% of population (2025)
Largest cities: Lima, Arequipa.
Also ranks #5 in fish production · #6 in firms using banks to finance investment share · #7 in atms per 100,000 adults.
Profile facts: World Bank (CC BY 4.0) and Wikidata (CC0); weather links go to Purr Weather, another ChowChow Labs site.
Source and method
Inflation rate: each country's latest value (2020–2025), ranked from highest to lowest.
Source: The World Bank, indicator FP.CPI.TOTL.ZG. Licence: CC BY 4.0. Retrieved: 2026-11-14.
The World Bank: Inflation, consumer prices (annual %): International Financial Statistics database, International Monetary Fund (IMF) (via World Development Indicators)
Original data provider, as recorded by the World Bank: International Financial Statistics database, International Monetary Fund (IMF).
Values are shown as published. Provider terms: The World Bank. All licences: Sources & licences.