Israel | 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
State of Israel
Records
63
Source
Israel | GDP deflator: linked series (base year varies by country)
1960
1961
1962
1963
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1965
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1967
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1969
1970
1971
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1974
1975
1976
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1978
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1980
1981
1982
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1988
1989
1990
1991
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1994
56.64596841 1995
61.87375509 1996
66.87692582 1997
71.47679482 1998
75.89841892 1999
77.3864066 2000
78.73890551 2001
82.48673362 2002
82.09976661 2003
82.20430934 2004
83.05664198 2005
84.25860424 2006
84.98306888 2007
86.13463767 2008
89.94110972 2009
91.00911776 2010
92.34556419 2011
95.36513357 2012
97.08506774 2013
97.73475465 2014
100 2015
100.35788074 2016
100.3238931 2017
101.11038313 2018
102.96724518 2019
104.03956505 2020
106.25383361 2021
111.16627477 2022

Israel | 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
State of Israel
Records
63
Source