North Macedonia - GDP deflator (base year varies by country)

GDP deflator (base year varies by country) in North Macedonia was 148.92 as of 2020. Its highest value over the past 30 years was 148.92 in 2020, while its lowest value was 0.17 in 1990.

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
1990 0.17
1991 0.34
1992 4.61
1993 25.01
1994 63.00
1995 73.77
1996 75.88
1997 78.86
1998 79.96
1999 82.15
2000 88.87
2001 93.06
2002 93.94
2003 95.49
2004 95.33
2005 100.00
2006 103.25
2007 107.99
2008 113.92
2009 114.26
2010 116.59
2011 120.93
2012 122.15
2013 127.62
2014 129.47
2015 132.06
2016 136.64
2017 140.47
2018 145.99
2019 147.26
2020 148.92

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