• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Economy Inflation

World Bank lists Nigeria among top 10 countries with worst inflation rate in 2021

Samuel Oyekanmi by Samuel Oyekanmi
July 14, 2022
in Inflation, Rankings
Rising global inflation rate, growth in US Economy could trigger further depreciation of the naira
Share on FacebookShare on TwitterShare on Linkedin

Inflation is top on the agenda of countries across the world since 2021. However, the war between Ukraine and Russia has made things worse for nearly every country, Nigeria included.

The World Bank recently listed Nigeria amongst the top 10 countries in the world with the worst inflation rate, based on 2021 figures. Nigeria ranked 8th on the list with an annual inflation rate of 16.95%, a list topped by the likes of Sudan, Lebanon, and Zimbabwe.

According to the World Bank, the global inflation rate, measured by the consumer price index rose to 3.42% in 2021, from 1.92% recorded in the previous year, hitting its highest level in nine years. It is worth noting that of the ten countries with the highest inflation rate, six of them are from the African continent.

RelatedStories

Single-Digit Inflation, Tier 3 Banks, and Why You Can’t Fight African Governments – Drinks & Mics

Single-Digit Inflation, Tier 3 Banks, and Why You Can’t Fight African Governments – Drinks & Mics

June 14, 2025
“MPR Should Be Over 30%!” — Esili Eigbe Sparks Fire on Drinks and Mics

“MPR Should Be Over 30%!” — Esili Eigbe Sparks Fire on Drinks and Mics

May 31, 2025

Inflation measures the rate of increase in the price of goods and services in a country at a given point in time. The world is currently battling with high commodity prices, leading to unprecedented inflation rates across most economies in the world, largely due to the surge in energy prices, and supply shocks amongst other factors.

Nairametrics presents the top 10 countries in the world with the highest inflation rate in 2021.

#10: Guinea – 12.59%

  • The inflation rate of Guinea rose to 12.59% in 2021, from 10.6% recorded in the previous year. This is also the highest inflation rate recorded by the country since 2012 when its inflation rate topped 15.2%.
  • Meanwhile, recent data shows that Guinea’s inflation rate dropped to 10.99% in April 2022.

#9: Haiti – 16.84%

  • Its annual inflation rate stood at 16.84% in 2021, a significant decline compared to 22.79% recorded in the previous year.
  • Although Haiti’s economy was contracting and facing significant fiscal imbalances before the COVID-19 pandemic, its impacts triggered an even greater economic downturn. In 2020, GDP contracted 3.3% and is estimated to have contracted by 1.8% in 2021.
  • Haiti’s inflation rate climbed further in February 2022 to 25.17%, from 23.95% recorded in January.

#8 Nigeria – 16.95%

  • Nigeria’s inflation rate increased to 16.95% in 2021, from 13.25% recorded in the previous year. Nigeria is the most populous country on the African continent and the largest economy on the continent.
  • Nigeria’s inflation rate accelerated to 17.71% in May 2022 from 16.82% recorded in the previous month. The National Bureau of Statistics (NBS) is set to release the inflation figures for the month of June 2022 on Friday, 15th July 2022.

#7: Turkey – 19.59%

  • Turkey, also known as the Republic of Türkiye is a transcontinental country located in South-eastern Europe and Southwestern Asia bordering the Black Sea. The country saw its inflation rate climb to 19.59% in 2021 from 12.28% recorded in 2020.
  • Meanwhile, the inflation rate of Turkey accelerated for the 13th consecutive month to 78.62% in June of 2022, the highest since September 1998.

#6: Zambia – 22.02%

  • Zambia, in southern Africa, is a landlocked country of rugged terrain and diverse wildlife, with many parks and safari areas, recorded an inflation rate of 22.02% in 2021, a significant increase compared to 15.73% recorded in the previous year.
  • Meanwhile, Zambia’s annual inflation rate decelerated for the 11th straight month to 9.7% in June of 2022, from 10.2% in the previous month.

#5: Ethiopia – 26.83%

  • Ethiopia’s annual inflation rate rose to 26.84% in 2021 from 20.36% recorded in the preceding year.
  • According to AfDB, the GDP growth of Ethiopia is projected to fall to 4.8% in 2022 but pick up to 5.7% in 2023, driven by industry and by private consumption and investment.
  • The annual inflation rate in Ethiopia eased for the first time in four months to 34% in June of 2022, from 37.7% recorded in the previous month.

#4: Suriname – 59.11%

  • Suriname is a small country on the north-eastern coast of South America and is defined by vast swaths of tropical rainforest, Dutch colonial architecture and a melting-pot culture. Its inflation rate jumped significantly to 59.11% in 2021 from 34.89% recorded in 2020.
  • On a positive note, the inflation rate in Suriname decreased to 59.8% in April 2022 from 62.2%recorded in the previous month.

#3: Zimbabwe – 98.55%

  • Zimbabwe is a landlocked country in southern Africa known for its dramatic landscape and diverse wildlife, much of it within parks, reserves, and safari areas. Its inflation rate trickled down to 98.55% from 557.2% recorded in the previous year.
  • It is worth noting that Zimbabwe’s inflation rate increased to 191.6% in June 2020, to its highest rate in over one year.

#2: Lebanon – 154.76%

  • Lebanon’s inflation rate almost doubled to 154.8% in 2021 from 84.86% recorded in 2020.
  • Lebanon’s annual inflation rate increased to a three-month high of 211.43% in May 2022 from April’s five-month low of 206.24%, pointing to the highest level since February,

#1: Sudan – 382.82%

  • Sudan, officially the Republic of Sudan recorded the worst inflation rate in the world in 2021 with 382.82%, a multiple of the 150.32% recorded in the previous year.
  • Although, Sudan’s inflation rate has decreased to 220.7% in April 2022 from 263.2% recorded in the month of March 2022.

Follow us for Breaking News and Market Intelligence.
Tags: FeaturedInflation
Samuel Oyekanmi

Samuel Oyekanmi

For further inquiries about this article, contact: Email: samuel.oyekanmi@nairametrics.com Twitter: @OYEKANMISAMUEL Linkedln: Samuel Oyekanmi

Related Posts

Single-Digit Inflation, Tier 3 Banks, and Why You Can’t Fight African Governments – Drinks & Mics
Digital Media

Single-Digit Inflation, Tier 3 Banks, and Why You Can’t Fight African Governments – Drinks & Mics

June 14, 2025
“MPR Should Be Over 30%!” — Esili Eigbe Sparks Fire on Drinks and Mics
Digital Media

“MPR Should Be Over 30%!” — Esili Eigbe Sparks Fire on Drinks and Mics

May 31, 2025
Nigeria secures World Bank’s approval for $2.25 billion loan to boost reforms 
Economy

World Bank: Global commodity prices to drop to six-year low by 2026  

April 30, 2025
President Tinubu reacts to Port Harcourt Refinery revival, orders reactivation of Warri, Kaduna Plants 
Economy

CBN governor Cardoso identifies inflation as most disruptive economic challenge in Nigeria 

April 28, 2025
Tinubu says petrol subsidy removed to reset Nigeria’s economy  
Economy

World Bank projects 3.6% economic growth for Nigeria in 2025, more optimistic than IMF’s forecast 

April 24, 2025
Cost of cooking pot of Jollof Rice in Nigeria rises by 13.7% to N12,373
Economy

A pot of jollof rice now costs N25,486 in Nigeria, up by19% in 6 Months

April 23, 2025
Next Post
EFInA, GIZ to ease funding for MSMEs through virtual Hackathon

EFInA, GIZ to ease funding for MSMEs through virtual Hackathon

Comments 2

  1. Sola says:
    July 14, 2022 at 2:48 pm

    Where is Ghana on this list????

    Reply
    • fatai ade says:
      July 15, 2022 at 6:26 pm

      Thank you sola, exactly what i was thinking. its like a deliberate and selective attempt to control or create emotion in some countries especially Nigeria.

      Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Nigeria’s top 10 stockbrokers by value of transactions in second quarter 2025 
  • Champion Breweries shares up 246.46% — How other beer companies are performing in 2025 
  • Rwanda reaffirms commitment to strengthening trade, aviation, and ICT ties with Nigeria 

Follow us on social media:

Recent News

Nigeria’s top 10 stockbrokers by value of transactions in second quarter 2025 

July 5, 2025
Champion Breweries Plc

Champion Breweries shares up 246.46% — How other beer companies are performing in 2025 

July 5, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics