Marshall Islands - GDP deflator (base year varies by country)

GDP deflator (base year varies by country) in Marshall Islands was 117.70 as of 2020. Its highest value over the past 39 years was 117.70 in 2020, while its lowest value was 38.92 in 1981.

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
1981 38.92
1982 41.79
1983 43.25
1984 45.03
1985 46.69
1986 47.84
1987 49.21
1988 51.23
1989 53.67
1990 56.35
1991 59.19
1992 60.98
1993 62.83
1994 64.47
1995 66.28
1996 68.14
1997 72.73
1998 74.38
1999 76.69
2000 76.35
2001 76.10
2002 78.68
2003 79.76
2004 79.64
2005 80.23
2006 83.43
2007 84.72
2008 92.47
2009 88.36
2010 88.72
2011 95.82
2012 102.77
2013 101.21
2014 100.69
2015 100.00
2016 108.21
2017 110.88
2018 111.26
2019 112.75
2020 117.70

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