Benin - GDP deflator (base year varies by country)

GDP deflator (base year varies by country) in Benin was 103.48 as of 2020. Its highest value over the past 60 years was 103.48 in 2020, while its lowest value was 5.68 in 1960.

Definition: 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.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 5.68
1961 5.74
1962 5.96
1963 6.11
1964 6.09
1965 6.21
1966 6.28
1967 6.29
1968 6.50
1969 6.72
1970 7.06
1971 7.17
1972 7.55
1973 7.92
1974 9.10
1975 10.40
1976 11.86
1977 12.47
1978 14.01
1979 15.83
1980 17.44
1981 18.75
1982 21.77
1983 22.81
1984 23.25
1985 22.12
1986 21.32
1987 21.97
1988 21.83
1989 22.32
1990 22.80
1991 22.98
1992 23.67
1993 24.23
1994 32.72
1995 37.66
1996 40.27
1997 41.74
1998 43.93
1999 65.16
2000 67.99
2001 69.33
2002 71.79
2003 73.99
2004 74.56
2005 77.76
2006 79.39
2007 79.70
2008 84.83
2009 86.98
2010 87.75
2011 91.02
2012 98.03
2013 99.40
2014 99.16
2015 100.00
2016 100.68
2017 100.31
2018 100.99
2019 100.58
2020 103.48

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.

Base Period: varies by country

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices