Ireland - GDP deflator (base year varies by country)

GDP deflator (base year varies by country) in Ireland was 105.39 as of 2020. Its highest value over the past 50 years was 106.69 in 2019, while its lowest value was 7.26 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 7.26
1971 8.03
1972 9.10
1973 10.49
1974 11.13
1975 13.37
1976 16.18
1977 18.33
1978 20.26
1979 23.03
1980 26.41
1981 31.02
1982 35.73
1983 39.56
1984 42.08
1985 44.26
1986 47.16
1987 48.20
1988 49.76
1989 52.51
1990 52.13
1991 53.07
1992 54.56
1993 57.39
1994 58.36
1995 60.13
1996 61.51
1997 63.93
1998 68.13
1999 71.11
2000 76.00
2001 81.22
2002 85.43
2003 88.78
2004 89.24
2005 91.98
2006 95.14
2007 96.28
2008 95.80
2009 91.37
2010 88.65
2011 89.98
2012 92.04
2013 92.90
2014 92.85
2015 100.00
2016 100.71
2017 101.64
2018 102.36
2019 106.69
2020 105.39

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