Libya - GDP deflator (base year varies by country)

GDP deflator (base year varies by country) in Libya was 147.61 as of 2020. Its highest value over the past 21 years was 256.43 in 2012, while its lowest value was 56.58 in 1999.

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
1999 56.58
2000 64.11
2001 68.72
2002 87.44
2003 100.00
2004 122.61
2005 157.63
2006 172.55
2007 191.56
2008 233.38
2009 174.30
2010 198.99
2011 235.30
2012 256.43
2013 239.33
2014 197.91
2015 159.52
2016 155.44
2017 177.87
2018 210.10
2019 207.79
2020 147.61

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