Kuwait - GDP deflator (base year varies by country)

GDP deflator (base year varies by country) in Kuwait was 90.11 as of 2020. Its highest value over the past 28 years was 126.29 in 2013, while its lowest value was 38.45 in 1998.

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
1992 46.14
1993 42.73
1994 40.22
1995 42.17
1996 48.72
1997 46.42
1998 38.45
1999 45.41
2000 54.73
2001 50.51
2002 53.11
2003 55.72
2004 62.05
2005 75.56
2006 87.79
2007 91.57
2008 108.66
2009 90.01
2010 100.00
2011 117.26
2012 126.00
2013 126.29
2014 117.75
2015 87.19
2016 81.22
2017 94.41
2018 106.29
2019 104.87
2020 90.11

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