Micronesia - GDP deflator (base year varies by country)

GDP deflator (base year varies by country) in Micronesia was 164.33 as of 2020. Its highest value over the past 34 years was 164.33 in 2020, while its lowest value was 67.31 in 1986.

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
1986 67.31
1987 69.18
1988 72.08
1989 75.49
1990 79.22
1991 83.27
1992 85.79
1993 88.37
1994 90.69
1995 92.72
1996 94.46
1997 95.07
1998 97.92
1999 97.15
2000 98.20
2001 99.28
2002 99.38
2003 99.02
2004 100.00
2005 102.10
2006 103.51
2007 106.80
2008 112.14
2009 118.15
2010 122.41
2011 124.36
2012 133.22
2013 134.07
2014 138.13
2015 130.87
2016 136.17
2017 146.34
2018 160.08
2019 160.63
2020 164.33

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