Korea, Rep. | 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 Korea
Records
63
Source
Korea, Rep. | GDP deflator (base year varies by country)
1960 0.85964617
1961 0.97052087
1962 1.13291204
1963 1.47256374
1964 1.91898097
1965 2.00979029
1966 2.3011455
1967 2.5993557
1968 2.96018465
1969 3.37731716
1970 3.87863423
1971 4.31333533
1972 4.99399695
1973 5.6292915
1974 7.35159405
1975 9.09261818
1976 11.02361125
1977 12.61695265
1978 15.37195618
1979 18.22110529
1980 22.71278928
1981 26.47988331
1982 28.19003247
1983 29.54887254
1984 30.85531691
1985 32.08503565
1986 33.67875715
1987 35.30581422
1988 37.82075627
1989 40.11463273
1990 44.16118256
1991 48.19797096
1992 51.94679184
1993 55.1958158
1994 59.69921959
1995 63.89282807
1996 66.51925443
1997 69.18221027
1998 72.27875286
1999 71.38984318
2000 72.11927961
2001 74.62794814
2002 76.89151802
2003 79.54427036
2004 82.03231992
2005 82.88660572
2006 82.70160645
2007 84.70232036
2008 87.09626399
2009 90.23925821
2010 92.70955505
2011 93.89796528
2012 95.07338768
2013 96.04175178
2014 96.9127513
2015 100
2016 101.98603851
2017 104.25296518
2018 104.75645382
2019 103.87720639
2020 105.50158294
2021 108.41651987
2022 109.79939706

Korea, Rep. | 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 Korea
Records
63
Source