Barbados - GDP deflator (base year varies by country)

GDP deflator (base year varies by country) in Barbados was 118.00 as of 2020. Its highest value over the past 46 years was 118.00 in 2020, while its lowest value was 11.72 in 1974.

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
1974 11.72
1975 15.17
1976 15.62
1977 17.15
1978 18.30
1979 20.56
1980 29.75
1981 33.38
1982 36.67
1983 38.75
1984 40.76
1985 42.19
1986 44.07
1987 47.31
1988 48.61
1989 51.93
1990 53.87
1991 56.29
1992 57.48
1993 60.47
1994 61.81
1995 62.43
1996 64.02
1997 64.61
1998 70.23
1999 73.34
2000 72.37
2001 74.00
2002 74.68
2003 75.51
2004 79.91
2005 85.24
2006 88.87
2007 96.37
2008 97.97
2009 96.32
2010 100.00
2011 103.51
2012 102.92
2013 105.91
2014 106.48
2015 104.35
2016 104.31
2017 107.00
2018 109.97
2019 112.72
2020 118.00

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