Greenland - GDP deflator (base year varies by country)

GDP deflator (base year varies by country) in Greenland was 128.13 as of 2019. Its highest value over the past 49 years was 128.13 in 2019, while its lowest value was 12.76 in 1970.

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
1970 12.76
1971 14.22
1972 15.03
1973 16.19
1974 18.70
1975 21.77
1976 24.65
1977 26.37
1978 28.81
1979 30.98
1980 34.56
1981 39.72
1982 44.89
1983 49.25
1984 53.62
1985 57.60
1986 59.97
1987 62.75
1988 66.73
1989 70.30
1990 73.88
1991 76.26
1992 77.44
1993 78.25
1994 78.62
1995 80.23
1996 81.02
1997 81.42
1998 82.22
1999 83.09
2000 84.84
2001 87.73
2002 90.45
2003 96.36
2004 95.84
2005 92.75
2006 94.82
2007 94.78
2008 92.87
2009 98.01
2010 100.00
2011 102.88
2012 106.43
2013 107.56
2014 108.63
2015 117.48
2016 121.63
2017 125.61
2018 125.75
2019 128.13

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