Venezuela - GDP deflator (base year varies by country)

GDP deflator (base year varies by country) in Venezuela was 5,068.10 as of 2014. Its highest value over the past 54 years was 5,068.10 in 2014, while its lowest value was 0.18 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 0.18
1961 0.18
1962 0.18
1963 0.19
1964 0.19
1965 0.20
1966 0.20
1967 0.21
1968 0.21
1969 0.21
1970 0.22
1971 0.24
1972 0.25
1973 0.28
1974 0.42
1975 0.43
1976 0.46
1977 0.50
1978 0.53
1979 0.65
1980 0.83
1981 0.93
1982 0.97
1983 1.01
1984 1.43
1985 1.58
1986 1.56
1987 2.15
1988 2.55
1989 4.82
1990 6.83
1991 8.30
1992 10.64
1993 14.01
1994 22.83
1995 34.64
1996 74.66
1997 100.00
1998 118.89
1999 150.03
2000 194.22
2001 209.75
2002 279.02
2003 376.49
2004 504.32
2005 653.62
2006 770.64
2007 889.70
2008 1,157.78
2009 1,248.46
2010 1,822.04
2011 2,334.93
2012 2,663.21
2013 3,608.72
2014 5,068.10

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