diff --git a/drivers/misc/vmw_balloon.c b/drivers/misc/vmw_balloon.c
index cc1d18b3df5c..2cc34c4968fa 100644
--- a/drivers/misc/vmw_balloon.c
+++ b/drivers/misc/vmw_balloon.c
@@ -1818,6 +1818,8 @@ static int vmballoon_migratepage(struct balloon_dev_info *b_dev_info,
 	if (status == VMW_BALLOON_SUCCESS) {
 		balloon_page_insert(&b->b_dev_info, newpage);
 		__count_vm_event(BALLOON_MIGRATE);
+	} else {
+		__count_vm_event(BALLOON_DEFLATE);
 	}
 
 	/*