A displacement control valve includes a valve housing, a valve element fitted in a guide passage of the valve housing, and a solenoid for driving the valve element to open and close it, a tapered portion is provided at one of an outer peripheral surface of the valve element and a guide surface of the guide passage, and a spiral groove is provided in the other, wherein the tapered portion is set such that a gap between the valve element and the guide passage is larger toward the low-pressure side than on the high-pressure side, and the tapered portion and the spiral groove are provided such that a starting point of the tapered portion is located within the region of the spiral groove in the entire range between the starting point and the ending point of the stroke of the valve element.