Colombia | GDP deflator (base year varies by country)
The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. The base year varies by country. Statistical concept and methodology: Inflation is measured by the rate of increase in a price index, but actual price change can be negative. The index used depends on the prices being examined. The GDP deflator reflects price changes for total GDP. The most general measure of the overall price level, it accounts for changes in government consumption, capital formation (including inventory appreciation), international trade, and the main component, household final consumption expenditure. The GDP deflator is usually derived implicitly as the ratio of current to constant price GDP - or a Paasche index. It is defective as a general measure of inflation for policy use because of long lags in deriving estimates and because it is often an annual measure.
Publisher
The World Bank
Origin
Republic of Colombia
Records
63
Source
Colombia | GDP deflator (base year varies by country)
0.03187217 1960
0.03449504 1961
0.03678829 1962
0.04533076 1963
0.05273775 1964
0.05727555 1965
0.06593983 1966
0.07301529 1967
0.07920142 1968
0.08588971 1969
0.09609839 1970
0.10648413 1971
0.12029758 1972
0.1445509 1973
0.1812338 1974
0.22256772 1975
0.27922803 1976
0.36063087 1977
0.4222985 1978
0.5238217 1979
0.66847996 1980
0.82066529 1981
1.02391501 1982
1.23282004 1983
1.50626232 1984
1.88107323 1985
2.42976209 1986
2.99776604 1987
3.8296478 1988
4.77502761 1989
7.27409099 1990
9.23851556 1991
11.33236829 1992
14.14750743 1993
17.27359419 1994
20.52983205 1995
23.99288188 1996
28.03324791 1997
32.17461235 1998
36.23599463 1999
48.43860008 2000
51.59604518 2001
54.67539548 2002
58.40918636 2003
62.66314691 2004
65.64164917 2005
69.45389355 2006
73.06690857 2007
78.67653493 2008
81.8741267 2009
84.98932283 2010
90.41742377 2011
93.6875101 2012
95.47476465 2013
97.6092294 2014
100 2015
105.14833431 2016
110.54637209 2017
115.66530993 2018
120.29495338 2019
122.07557674 2020
131.43587053 2021
150.28057976 2022
Colombia | GDP deflator (base year varies by country)
The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. The base year varies by country. Statistical concept and methodology: Inflation is measured by the rate of increase in a price index, but actual price change can be negative. The index used depends on the prices being examined. The GDP deflator reflects price changes for total GDP. The most general measure of the overall price level, it accounts for changes in government consumption, capital formation (including inventory appreciation), international trade, and the main component, household final consumption expenditure. The GDP deflator is usually derived implicitly as the ratio of current to constant price GDP - or a Paasche index. It is defective as a general measure of inflation for policy use because of long lags in deriving estimates and because it is often an annual measure.
Publisher
The World Bank
Origin
Republic of Colombia
Records
63
Source