South Africa | Inflation, GDP deflator: linked series (annual %)

Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. 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. 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 inflation series based on the implicit GDP deflator 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
Republic of South Africa
Records
63
Source
South Africa | Inflation, GDP deflator: linked series (annual %)
year value
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 15.44544046
1991 15.65452192
1992 14.71402528
1993 12.98156329
1994 9.81218708
1995 10.83831946
1996 8.02208799
1997 8.13743292
1998 8.07573837
1999 6.8888341
2000 9.18219142
2001 7.80047496
2002 12.53795791
2003 6.39576359
2004 6.04217159
2005 5.59700978
2006 6.06463701
2007 8.24576477
2008 7.85033173
2009 8.66304183
2010 6.12843243
2011 5.53905643
2012 4.68520639
2013 5.8441114
2014 5.36654618
2015 5.54552812
2016 6.95217196
2017 5.47332198
2018 3.99329509
2019 4.61352469
2020 5.2595679
2021 6.50012838
2022 4.75948416

South Africa | Inflation, GDP deflator: linked series (annual %)

Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. 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. 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 inflation series based on the implicit GDP deflator 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
Republic of South Africa
Records
63
Source