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Like the consumer price index (CPI), the GDP deflator is a measure of price inflation/deflation with respect to a specific base year; the GDP deflator of the base year itself is equal to 100. Unlike the CPI, the GDP deflator is not based on a fixed basket of goods and services; the "basket" for the GDP deflator is allowed to change from year to ...
The factor used to convert GDP from current to constant values in this way is called the GDP deflator. Unlike consumer price index , which measures inflation or deflation in the price of household consumer goods, the GDP deflator measures changes in the prices of all domestically produced goods and services in an economy including investment ...
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This sub-template returns the associated country's GDP deflator for a specific year. It is used by {{Inflation/US-GDP}} for calculating the inflation rate between two given years, which in turn is used by {} to calculate inflated values. It usually isn't meant to be called directly.
The European Commission has determined that extreme weather events in Spain have cost it 7.7% of GDP over the last 40 years - three times the European average - with risks to critical sectors such ...
This sub-template returns the associated country's GDP deflator for a specific year. It is used by {{Inflation/doc}} for calculating the inflation rate between two given years, which in turn is used by {{}} to calculate inflated values.
A price index (plural: "price indices" or "price indexes") is a normalized average (typically a weighted average) of price relatives for a given class of goods or services in a given region, during a given interval of time.
It is the measure of the price level for some quantity. A deflator serves as a price index in which the effects of inflation are nulled. [1] [2] [3] It is the difference between real and nominal GDP. [4] [5] In the United States, the import and export price indexes produced by the International Price Program are used as deflators in national ...