Guam - GDP deflator (base year varies by country)

GDP deflator (base year varies by country) in Guam was 117.26 as of 2020. Its highest value over the past 18 years was 117.26 in 2020, while its lowest value was 74.61 in 2002.

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
2002 74.61
2003 77.77
2004 79.17
2005 83.18
2006 86.84
2007 89.46
2008 92.88
2009 95.85
2010 96.08
2011 96.68
2012 100.00
2013 100.84
2014 102.94
2015 105.53
2016 107.19
2017 108.26
2018 109.90
2019 112.56
2020 117.26

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