18 countries struggling with inflation worse than India's

Image: A vendor arranges eggs on a new 100 billion dollar note.
Photographs: Philimon Bulawayo/Reuters

Inflation has been on of the biggest barrier to India’s growth for the past few years. RBI has kept a tight fist on interest rates, which many believe is holding back recovery. Simply put, companies can only expand if they get to borrow money at reasonable cost and there is enough liquidity.

Many countries world over are caught in the similar situation as India. Some, such as Venezuela and Syria have inflation over 50 per cent. This means, the price of commodities in the countries is doubling every year.

Let’s take a look at 18 such counties that have seen higher price rise than India.

Data Sources: tradingeconomics.com and CIA World Factbook

India

Latest reported inflation rate: 8.59 per cent

GDP (purchasing power parity): $4.962 trillion

Budget deficit: 4.5 percent of GDP

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Tags: India , CIA World Factbook , GDP , RBI , Syria

18 countries struggling with inflation worse than India's

Image: The new mausoleum for remains of the South American independence leader Simon Bolivar is seen in Caracas.
Photographs: Carlos Garcia Rawlins/Reuters

Venezuela

Latest reported inflation rate: 61.50 per cent

GDP (purchasing power parity): $407.4 billion

Budget deficit: -9.8 per cent of GDP

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Tags: GDP , Venezuela , India

18 countries struggling with inflation worse than India's

Image: A general view shows Aleppo, the second-largest city in Syria.
Photographs: Reuters

Syria

Latest reported inflation rate: 49.50 per cent

GDP (purchasing power parity): $107.6 billion

Budget deficit: -8 per cent of GDP

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Tags: GDP , Syria , India

18 countries struggling with inflation worse than India's

Image: A general view of buildings in Khartoum.
Photographs: Mohamed Nureldin Abdallah/Reuters

Sudan

Latest reported inflation rate: 37.70 per cent

GDP (purchasing power parity): $89.97 billion

Budget deficit: -4.4 per cent of GDP

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Tags: GDP , Sudan , India

18 countries struggling with inflation worse than India's

Image: Malawi market.
Photographs: Swathi Sridharan/Wikimedia Commons

Malawi

Latest reported inflation rate: 23.90 per cent

GDP (purchasing power parity): $15.02 billion

Budget deficit: -1.4 per cent of GDP

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Tags: GDP , Malawi , India

18 countries struggling with inflation worse than India's

Image: A general view of Tehran's cityscape.
Photographs: Reuters

Iran

Latest reported inflation rate: 19.70 per cent

GDP (purchasing power parity): $987.1 billion

Budget deficit: -4.5 per cent of GDP

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Tags: GDP , Iran , India

18 countries struggling with inflation worse than India's

Image: A general view shows the headquarters of the Committee for State Security in Minsk
Photographs: Vasily Fedosenko/Reuters

Belarus

Latest reported inflation rate: 17.20 per cent

GDP (purchasing power parity): $150.4 billion

Budget deficit: -0.2 per cent of GDP

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Tags: GDP , Belarus , India

18 countries struggling with inflation worse than India's

Image: A statue of Ghana's first president Kwame Nkrumah is seen at his memorial park in Accra.
Photographs: Sahra Abdi/Reuters

Ghana

Latest reported inflation rate: 14.70 per cent

GDP (purchasing power parity):

Budget or deficit:

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Tags: GDP , India

18 countries struggling with inflation worse than India's

Image: Gers, traditional Mongolian tents, are seen on a hill in an area known as a ger district in Ulan Bator.
Photographs: Carlos Barria/Reuters

Mongolia

Latest reported inflation rate: 12.30 per cent

GDP (purchasing power parity): $90.41 billion

Budget of deficit: -9.5 per cent of GDP

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Tags: GDP , India , Mongolia

18 countries struggling with inflation worse than India's

Image: An Eritrean man walks alongside the Red Sea port of Massawa.
Photographs: Reuters

Eritrea

Latest reported inflation rate: 12.30 per cent

GDP (purchasing power parity): $4.717 billion

Budget deficit: -13 per cent of GDP

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Tags: GDP , Eritrea , India

18 countries struggling with inflation worse than India's

Image: A general view of the Tashichhodzong.
Photographs: Singye Wangchuk/Reuters

Bhutan

Latest reported inflation rate: 11.31 per cent

GDP (purchasing power parity): $5.235 billion

Budget deficit: -2.4 per cent of GDP

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Tags: GDP , Bhutan , India

18 countries struggling with inflation worse than India's

Image: A monument to Guinea-Bissau's independence is seen at a plaza in the capital Bissau.
Photographs: Joe Penney/Reuters

Guinea

Latest reported inflation rate: 10.30 per cent

GDP (purchasing power parity): $12.56 billion

Budget deficit: -5.1 per cent of GDP

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Tags: GDP , Guinea , India

18 countries struggling with inflation worse than India's

Image: Overview of the Buenos Aires' docks.
Photographs: Enrique Marcarian/Reuters

Argentina

Latest reported inflation rate: 10.90 per cent

GDP (purchasing power parity): $771 billion

Budget deficit: -3.2 per cent of GDP

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Tags: GDP , India , Argentina

18 countries struggling with inflation worse than India's

Image: People watch as the guard of honour for Nepal's President Ram Baran Yadav (not pictured) stands at attention during the Indrajatra festival in Kathmandu.
Photographs: Gopal Chitrakar/Reuters

Nepal

Latest reported inflation rate: 9.72 per cent

GDP (purchasing power parity): $42.06 billion

Budget deficit: -3.1 per cent of GDP

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Tags: GDP , Nepal , India

18 countries struggling with inflation worse than India's

Image: A view of Istanbul's financial Levent district from the Sapphire Tower in Istanbul.
Photographs: Osman Orsal/Reuters

Turkey

Latest reported inflation rate: 9.38 per cent

GDP (purchasing power parity): $1.167 trillion

Budget deficit: -2.1 per cent of GDP

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Tags: GDP , Turkey , India

18 countries struggling with inflation worse than India's

Image: Pakistan's Faisal mosque is bathed in light on the twenty-seventh night of the fasting month of Ramadan in Islamabad.
Photographs: Mian Khursheed/Reuters

Pakistan

Latest reported inflation rate: 9.18 per cent

GDP (purchasing power parity): $574.1 billion

Budget deficit: -7.7 per cent of GDP (2013 est.)

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Tags: GDP , India , Pakistan

18 countries struggling with inflation worse than India's

Image: A general view shows a section of the skyline in Ethiopia's capital Addis Ababa.
Photographs: Tiksa Negeri/Reuters

Ethiopia

Latest reported inflation rate: 9.10 per cent

GDP (purchasing power parity): $118.2 billion

Budget deficit: -2.8 per cent of GDP

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Tags: GDP , Ethiopia , India

18 countries struggling with inflation worse than India's

Image: A view of Benson Street in Monrovia.
Photographs: Luc Gnago/Reuters

Liberia

Latest reported inflation rate: 8.90 per cent

GDP (purchasing power parity): $2.898 billion

Budget deficit: -2.9% of GDP

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Tags: GDP , India , Liberia

18 countries struggling with inflation worse than India's

Image: A small cruise boat passes Nile City Towers, which is owned by Naguib Sawiris the owner of Orascom Telecom, overlooking the river Nile in Cairo.
Photographs: Asmaa Waguih/Reuters

Egypt

Latest reported inflation rate: 8.87 per cent

GDP (purchasing power parity): $551.4 billion

Budget deficit: -13.3 per cent of GDP

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Tags: GDP , Egypt , India

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