Montenegro - GDP deflator (base year varies by country)

GDP deflator (base year varies by country) in Montenegro was 122.60 as of 2020. Its highest value over the past 20 years was 122.81 in 2019, while its lowest value was 47.14 in 2000.

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
2000 47.14
2001 56.66
2002 58.40
2003 63.26
2004 66.98
2005 69.89
2006 76.95
2007 89.29
2008 96.11
2009 98.42
2010 100.00
2011 101.20
2012 101.38
2013 103.48
2014 104.55
2015 106.87
2016 112.32
2017 116.62
2018 120.38
2019 122.81
2020 122.60

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