Australia - GDP deflator (base year varies by country)

GDP deflator (base year varies by country) in Australia was 100.00 as of 2020. Its highest value over the past 60 years was 100.00 in 2020, while its lowest value was 6.10 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 6.10
1961 6.30
1962 6.29
1963 6.40
1964 6.61
1965 6.81
1966 6.99
1967 7.33
1968 7.50
1969 7.86
1970 8.26
1971 8.69
1972 9.23
1973 10.06
1974 11.70
1975 13.63
1976 15.54
1977 17.32
1978 18.75
1979 20.36
1980 22.40
1981 24.54
1982 27.41
1983 30.20
1984 32.57
1985 34.08
1986 36.28
1987 38.84
1988 41.64
1989 45.49
1990 48.26
1991 49.73
1992 50.48
1993 50.93
1994 51.45
1995 52.62
1996 54.05
1997 54.73
1998 55.39
1999 55.66
2000 57.08
2001 59.71
2002 61.41
2003 63.26
2004 65.31
2005 67.79
2006 71.27
2007 74.82
2008 78.27
2009 82.17
2010 83.13
2011 88.29
2012 89.87
2013 89.73
2014 91.03
2015 90.47
2016 89.92
2017 93.29
2018 95.00
2019 98.25
2020 100.00

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