Cayman Islands | GDP deflator: linked series (base year varies by country)
The GDP implicit deflator is calculated as the ratio of GDP in current local currency to GDP in constant local currency. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. The base year varies by country. Statistical concept and methodology: The accuracy of national accounts estimates and their comparability across countries depend on timely revisions to data on GDP and its components. The frequency of revisions to GDP data varies: some countries revise numbers monthly, others quarterly or annually, and others less frequently. Such revisions are usually small and based on additional information received during the year. However, larger revisions are required from time to time to rebase the national accounts and allow for incorporation of new methodologies and data sources. Comprehensive revisions of GDP data often (but not always) result in upward adjustments to GDP and other major aggregates as improved data sources increase the coverage of the economy. And estimates of GDP growth may change as new weights are introduced. These revisions will cause breaks in series unless they are applied consistently to historical data. For constant price series a break caused by rebasing can be eliminated by linking the old series to the new using historical growth rates. This implicit GDP deflator series has been linked to produce a consistent time series. It has been calculated by utilizing the change in the implicit GDP deflator in the WDI Archive and IMF WEO databases. Thus, earlier years (linked years) will not be comparable with other national accounts series in the database. Data are available for World Bank operational countries only.
Publisher
The World Bank
Origin
Cayman Islands
Records
63
Source
Cayman Islands | GDP deflator: linked series (base year varies by country)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006 90.65072291
2007 93.43628232
2008 96.28396559
2009 96.87165959
2010 96.67171083
2011 96.22658305
2012 97.44039784
2013 98.78332464
2014 99.65926441
2015 100
2016 101.00009233
2017 103.0067604
2018 105.7496239
2019 109.3412111
2020 109.51280251
2021 112.37687085
2022 123.07426747
Cayman Islands | GDP deflator: linked series (base year varies by country)
The GDP implicit deflator is calculated as the ratio of GDP in current local currency to GDP in constant local currency. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. The base year varies by country. Statistical concept and methodology: The accuracy of national accounts estimates and their comparability across countries depend on timely revisions to data on GDP and its components. The frequency of revisions to GDP data varies: some countries revise numbers monthly, others quarterly or annually, and others less frequently. Such revisions are usually small and based on additional information received during the year. However, larger revisions are required from time to time to rebase the national accounts and allow for incorporation of new methodologies and data sources. Comprehensive revisions of GDP data often (but not always) result in upward adjustments to GDP and other major aggregates as improved data sources increase the coverage of the economy. And estimates of GDP growth may change as new weights are introduced. These revisions will cause breaks in series unless they are applied consistently to historical data. For constant price series a break caused by rebasing can be eliminated by linking the old series to the new using historical growth rates. This implicit GDP deflator series has been linked to produce a consistent time series. It has been calculated by utilizing the change in the implicit GDP deflator in the WDI Archive and IMF WEO databases. Thus, earlier years (linked years) will not be comparable with other national accounts series in the database. Data are available for World Bank operational countries only.
Publisher
The World Bank
Origin
Cayman Islands
Records
63
Source