Vanuatu | 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
Republic of Vanuatu
Records
63
Source
Vanuatu | GDP deflator: linked series (base year varies by country)
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 60.47806593
1991 66.68786214
1992 68.54590672
1993 69.95977563
1994 71.5760564
1995 72.81570991
1996 74.33405927
1997 76.69566927
1998 82.95181171
1999 85.50559854
2000 87.36874037
2001 90.53577468
2002 93.13815421
2003 93.88208849
2004 95.86945795
2005 96.2716705
2006 100
2007 105.77696015
2008 113.35542511
2009 116.25133238
2010 117.96221347
2011 121.24971405
2012 120.6870721
2013 124.31635714
2014 126.04660547
2015 133.43775127
2016 135.54204336
2017 142.8126364
2018 147.39213105
2019 152.22565381
2020 156.46565864
2021 157.55959524
2022 177.16488472

Vanuatu | 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
Republic of Vanuatu
Records
63
Source