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According to the IMF (International Monetary Fund) World Economic Outlook October 2025 edition, Venezuela is projected to be the country with the highest annual inflation rate in the world in 2026, reaching 628.8% (year on year/YoY). Venezuela is one of the countries experiencing the worst economic crises in the world.

Recently, Venezuela was in the global spotlight when US President Donald Trump announced a military attack and the arrest of Venezuelan President Nicolás Maduro. In Venezuela, poor economic management could accelerate economic collapse, causing a large fiscal deficit, prolonged hyperinflation, massive currency depreciation, and a debt crisis.

Here are the 8 countries with the highest inflation projections according to the IMF for 2026:

1. Venezuela – 628.8% YoY
2. Sudan – 41.6% YoY
3. Iran – 35% YoY
4. Myanmar – 28% YoY
5. Burundi – 25.9% YoY
6. Haiti – 24.1% YoY
7. Malawi – 23.3% YoY
8. Turkey – 21% YoY

Source: IMF/ Via DataIndonesia