Trinidad and Tobago | 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 Trinidad and Tobago
Records
63
Source
Trinidad and Tobago | GDP deflator (base year varies by country)
1960 3.6505293
1961 3.49574242
1962 3.60227552
1963 3.73559681
1964 3.64299982
1965 3.7432998
1966 3.53468451
1967 3.69761662
1968 4.02753186
1969 4.02534605
1970 4.10076963
1971 4.37287056
1972 4.85869307
1973 5.88789578
1974 9.27412288
1975 11.55290996
1976 12.47663994
1977 14.14130995
1978 14.58885704
1979 18.19346939
1980 22.33012598
1981 23.94231964
1982 26.85417182
1983 28.55261032
1984 30.2688241
1985 30.64343048
1986 30.260489
1987 31.72893115
1988 33.04821103
1989 35.42239791
1990 40.90893289
1991 41.55218155
1992 38.6789075
1993 42.08720968
1994 47.67125752
1995 49.65880948
1996 50.57727061
1997 48.78503082
1998 47.87934458
1999 49.93967983
2000 55.95399192
2001 57.51731715
2002 54.53071037
2003 60.24474436
2004 65.59702282
2005 74.33548148
2006 75.62090004
2007 85.263964
2008 105.55041054
2009 76.38494059
2010 86.11129183
2011 99.6563425
2012 99.99999998
2013 101.65377533
2014 100.7225598
2015 91.92585736
2016 91.24419773
2017 98.73867325
2018 101.39180844
2019 97.52648755
2020 93.82841697
2021 111.74343729
2022 135.00228909

Trinidad and Tobago | 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 Trinidad and Tobago
Records
63
Source