Country20072008200920102011201220132014201520162017
Angola14.0214.4812.3810.288.78
Albania2.202.903.362.223.603.432.021.941.631.901.27
United Arab Emirates2.302.353.632.173.344.452.842.561.460.050.64
Argentina10.908.838.596.2710.469.7810.0410.6210.6210.6210.62
Armenia2.904.408.983.438.177.662.515.793.113.73-1.41
Australia3.502.334.351.822.853.391.762.452.491.531.30
Austria1.702.203.220.401.693.602.582.121.460.800.97
Azerbaijan8.4016.6020.791.475.677.871.082.431.354.0412.40
Burundi2.808.3924.4411.326.4014.8911.768.844.425.555.53
Belgium2.301.814.49-0.212.303.472.621.200.540.621.77
Benin3.801.967.962.162.142.746.752.88-1.000.27-0.81
Burkina Faso2.40-0.2510.672.600.402.753.602.00
Bangladesh6.308.378.366.068.2410.708.727.547.016.436.35
Bulgaria7.307.5711.952.473.043.392.390.38-1.60-1.06-1.32
Bahrain3.003.393.532.791.971.001.203.312.501.842.80
Bosnia and Herzegovina6.001.337.40-0.382.123.702.050.57-0.90-1.02-1.10
Belize0.46
Bolivia4.308.7014.023.462.509.884.525.745.774.06
Brazil4.203.645.674.905.046.645.406.206.339.038.74
Barbados7.205.508.273.475.069.424.622.311.430.55
Brunei0.402.701.800.502.020.460.16-0.15-0.45-0.73
Bhutan9.698.657.707.254.18
Botswana11.307.0812.628.116.958.467.535.763.933.042.81
Canada2.002.152.390.291.782.891.520.961.901.111.41
Switzerland10.007.0014.532.554.400.23-0.70-0.22-0.01-1.14
Chile3.404.398.721.681.523.343.011.794.404.303.79
China1.504.755.85-0.693.335.422.652.631.991.442.00
Ivory Coast2.086.321.011.374.901.312.580.451.24
Cameroon5.300.915.343.041.282.943.002.051.852.750.87
Colombia4.305.547.004.202.273.423.172.022.904.997.51
Cape Verde1.252.084.472.541.51-0.240.13-1.49
Costa Rica11.509.3613.437.845.664.884.495.233.190.80-0.02
Cyprus2.502.174.380.172.563.493.090.38-0.26-1.54-1.22
Czech Republic2.502.806.341.041.461.933.291.420.350.330.69
Germany1.802.282.750.081.152.482.141.600.790.140.38
Denmark1.901.713.401.322.302.762.410.780.570.450.25
Dominican Republic7.606.1010.601.486.338.463.704.833.000.841.61
Algeria2.503.704.465.744.304.508.893.262.924.786.40
Ecuador3.302.248.405.103.554.485.104.343.593.971.72
Egypt4.2010.9511.7016.2411.7011.078.606.9210.1011.0010.20
Spain9.5019.7022.563.405.946.727.546.913.270.933.73
Estonia4.406.6010.37-0.092.895.124.203.520.500.070.80
Ethiopia12.3017.0125.3236.402.7918.1122.758.037.3810.117.26
Finland1.301.593.901.601.693.323.162.221.21-0.160.39
France1.901.613.160.101.742.291.980.990.620.09
Gabon1.303.000.484.510.10
United Kingdom3.202.863.80-0.321.653.142.081.461.610.121.27
Georgia9.209.2010.011.737.118.54-0.94-0.523.074.012.13
Ghana9.5816.5219.2510.718.739.1611.6715.4917.1517.45
Guinea21.5215.2311.969.728.958.17
Gambia1.505.004.454.555.054.804.655.246.276.817.22
Greece3.302.994.241.354.703.101.04-0.92-1.43-1.090.01
Guatemala6.606.8211.361.863.866.223.784.343.422.394.47
Guyana6.6012.208.102.923.735.702.973.481.02
Hong Kong2.002.034.290.522.405.284.074.334.423.042.59
Honduras5.606.9411.405.504.706.765.205.196.083.162.72
Croatia3.202.886.072.381.052.263.432.19-0.21-0.46-1.13
Haiti4.127.406.786.783.948.6613.38
Hungary3.907.946.074.204.853.905.701.73-0.30-0.100.38
Indonesia13.106.419.784.815.135.364.266.416.406.363.53
India6.106.378.3510.8813.198.639.319.485.994.934.87
Ireland2.702.973.11-1.71-1.561.141.920.510.31-0.03-0.21
Iran10.3012.5021.3030.6035.2015.5512.018.87
Iceland6.805.0312.4212.015.394.015.193.872.041.631.70
Israel2.100.524.753.332.693.451.711.530.48-0.60-0.55
Italy2.202.043.500.761.642.903.301.280.220.11-0.05
Jamaica8.609.3022.029.5712.607.537.299.397.094.68
Jordan8.6010.7717.187.327.408.335.125.836.726.4514.55
Japan6.305.3914.93-0.685.004.414.775.462.90-0.88-0.78
Kazakhstan14.109.7613.1011.753.8614.009.405.726.886.586.30
Kenya2.202.544.672.762.964.032.191.301.280.710.97
Kyrgyzstan5.6010.2024.536.857.7616.594.266.404.135.302.00
Cambodia4.805.9019.69-0.664.005.482.932.953.851.232.99
South Korea3.004.9810.504.684.104.752.932.712.943.403.20
Kuwait5.6010.2024.536.857.7616.592.776.617.536.500.39
Laos6.5010.1015.253.26-1.224.222.290.010.690.210.10
Lebanon6.108.0010.727.703.805.625.355.313.864.767.00
Liberia3.406.6510.452.658.3914.136.072.599.867.74
Libya3.805.8211.144.161.194.123.171.160.24-0.680.68
Sri Lanka9.5019.7022.563.406.9517.714.991.923.270.93
Lesotho6.108.0010.727.703.808.496.845.319.867.748.84
Lithuania2.702.313.380.792.273.412.891.700.700.060.10
Luxembourg3.202.208.28-0.811.513.903.312.79-0.13-0.25
Latvia6.5010.1015.251.214.504.996.573.161.85-3.75-0.82
Morocco13.207.8910.333.2512.7010.352.094.212.292.3919.20
Moldova5.009.0526.816.2710.179.4815.009.6312.915.890.55
Madagascar10.808.078.718.426.917.6221.2727.7123.7921.8621.68
Mexico3.603.975.130.017.367.654.664.575.069.636.38
Macedonia (F.Y.R.O.M.)10.8010.319.178.969.0010.566.455.836.087.406.74
Mali2.600.704.691.842.042.433.230.980.771.180.90
Malta6.207.267.352.246.105.704.904.133.520.491.47
Burma (Myanmar)5.106.7010.359.144.475.756.706.175.353.406.73
Montenegro3.302.043.890.970.990.911.301.880.441.601.60
Mongolia2.803.408.993.560.503.083.652.19-0.731.57-0.42
Mozambique13.207.8910.333.2512.7010.356.105.825.942.39
Mauritania5.1010.708.762.522.936.543.853.482.971.290.98
Mauritius3.603.975.135.304.153.404.113.804.022.722.82
Malawi3.602.115.400.601.703.201.662.113.142.102.09
Malaysia1.902.509.152.191.173.055.32-0.600.891.44-1.80
Namibia8.006.407.7013.239.259.618.319.869.047.219.93
Nigeria2.300.773.772.172.401.300.712.132.032.173.55
Nicaragua8.305.4711.2412.3613.7210.8412.228.488.069.0115.70
Netherlands3.402.383.962.122.304.031.061.131.230.290.65
Norway3.205.5012.613.543.264.032.941.251.010.181.10
Nepal1.701.582.210.970.882.482.822.560.320.210.11
New Zealand9.4011.0819.903.705.508.097.937.406.044.003.10
Oman7.907.7712.0020.7811.7313.6611.017.368.624.532.86
Pakistan2.504.168.762.413.495.885.704.032.630.130.74
Panama9.608.1010.152.594.656.583.792.685.042.944.09
Peru6.202.779.303.253.804.763.132.934.171.411.78
Philippines1.002.494.223.452.584.273.680.90-0.03-0.93-0.58
Poland3.102.422.65-0.901.393.562.780.44-0.160.510.64
Puerto Rico11.8013.7615.05-4.87-2.432.001.863.073.041.682.66
Portugal5.106.277.904.402.502.902.601.10-0.160.51
Paraguay2.001.785.792.941.533.373.662.813.253.533.59
Qatar6.604.847.855.606.115.813.344.001.08-0.60-1.55
Russia9.709.0114.1210.402.315.676.294.221.782.515.72
Rwanda2.304.119.875.065.354.982.863.512.692.193.51
Saudi Arabia2.105.875.76-1.051.233.411.100.82-0.530.110.85
Senegal12.706.8011.708.116.1711.227.357.692.081.391.12
Singapore4.402.763.940.930.704.083.731.46-0.10-0.34-0.47
Sierra Leone1.002.106.510.212.825.254.582.361.03-0.52-0.53
El Salvador4.603.867.260.541.183.581.730.761.14-0.730.60
Serbia12.706.8011.708.116.172.567.114.341.391.39-1.01
Suriname7.604.476.118.945.625.796.918.03
Slovakia2.703.615.700.831.841.832.601.650.21-0.51-0.06
Slovenia4.707.0911.507.114.275.005.655.756.074.596.34
Sweden1.000.862.43-0.450.690.23-0.70-0.22-0.01-1.14-0.43
Swaziland1.501.683.302.251.911.370.89-0.05-0.180.701.14
Seychelles18.4613.819.808.308.9711.30
Syria0.601.803.53-0.870.961.421.930.791.20-0.311.39
Chad7.90-8.818.3410.100.991.897.680.221.683.62-1.12
Thailand4.107.777.621.304.9113.5011.8010.601.90-0.90
Tajikistan5.807.0310.2812.1410.507.0316.007.876.135.595.17
Timor Leste8.307.8912.076.9710.675.109.275.207.044.663.43
Trinidad and Tobago4.503.155.053.734.445.105.586.104.924.853.73
Tunisia9.608.7610.446.258.576.478.917.498.867.677.78
Turkey6.606.807.3014.209.406.5214.135.444.675.795.46
Tanzania4.602.235.47-0.853.273.813.022.191.90-0.900.19
Uganda9.0012.8425.2015.909.377.960.57-0.2612.1048.6813.91
Ukraine10.1011.0311.451.010.900.880.671.102.354.071.77
Uruguay13.6018.7030.3727.0828.1926.0921.0740.7162.17121.74254.95
United States6.408.107.907.066.708.098.108.588.888.679.64
Venezuela7.508.3023.126.729.2118.689.106.604.100.632.67
Vietnam7.508.3023.126.7212.1417.6110.9811.124.1030.035.00
Yemen9.1010.6612.4513.398.508.666.566.987.9410.1117.90
South Africa3.602.844.13-0.262.043.052.441.53-0.18-0.50-0.20
Zambia1,016.7010,452.5612.45-7.703.053.473.721.63-0.21-2.40-1.57
Zimbabwe1,016.7010,452.565,222.43-7.703.053.473.721.63-0.21-2.40

In order to capture the idea that both high inflation and deflation are detrimental, inflation enters the model in a U-shaped manner as follows: for values of inflation between 0.5 and 2.9 percent, a country receives the highest possible score of 7. Outside this range, scores decrease linearly as they move away from these values.

Source: World Economic Forum