Turks and Caicos Islands - GDP deflator (base year varies by country)
GDP deflator (base year varies by country) in Turks and Caicos Islands was 122.06 as of 2020. Its highest value over the past 9 years was 122.06 in 2020, while its lowest value was 99.25 in 2011.
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 |
|---|---|
| 2011 | 99.25 |
| 2012 | 100.00 |
| 2013 | 102.62 |
| 2014 | 105.27 |
| 2015 | 105.93 |
| 2016 | 108.24 |
| 2017 | 109.92 |
| 2018 | 113.32 |
| 2019 | 115.74 |
| 2020 | 122.06 |
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
