Venezuela, RB | 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
Bolivarian Republic of Venezuela
Records
63
Source
Venezuela, RB | GDP deflator (base year varies by country)
1960 0.17832487
1961 0.18191585
1962 0.18312569
1963 0.19213516
1964 0.19143098
1965 0.19557969
1966 0.20075263
1967 0.2056394
1968 0.20782967
1969 0.21152792
1970 0.22074686
1971 0.23892019
1972 0.25389757
1973 0.28233509
1974 0.42380747
1975 0.43339823
1976 0.46024094
1977 0.49912406
1978 0.52950412
1979 0.64570687
1980 0.82668068
1981 0.93089516
1982 0.97077939
1983 1.00606971
1984 1.43416502
1985 1.58360804
1986 1.56497177
1987 2.15096801
1988 2.54884676
1989 4.82147815
1990 6.83399481
1991 8.29986049
1992 10.64407826
1993 14.01248455
1994 22.82503201
1995 34.63924617
1996 74.6561376
1997 100
1998 118.8902867
1999 150.03087479
2000 194.21920595
2001 209.75072951
2002 279.01645299
2003 376.48737915
2004 504.31886604
2005 653.61772246
2006 770.64350198
2007 889.69619197
2008 1157.78347756
2009 1248.45721669
2010 1822.03927034
2011 2334.92858379
2012 2663.20623508
2013 3608.71567957
2014 5068.09798694
2015
2016
2017
2018
2019
2020
2021
2022

Venezuela, RB | 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
Bolivarian Republic of Venezuela
Records
63
Source