United Kingdom - GDP deflator (base year varies by country)

GDP deflator (base year varies by country) in United Kingdom was 113.73 as of 2020. Its highest value over the past 60 years was 113.73 in 2020, while its lowest value was 5.11 in 1960.

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
1960 5.11
1961 5.29
1962 5.46
1963 5.55
1964 5.74
1965 6.06
1966 6.36
1967 6.54
1968 6.79
1969 7.20
1970 7.60
1971 8.21
1972 8.80
1973 9.54
1974 10.98
1975 13.81
1976 15.89
1977 18.07
1978 20.14
1979 22.98
1980 27.50
1981 30.69
1982 32.96
1983 34.65
1984 36.40
1985 38.40
1986 40.07
1987 42.25
1988 44.84
1989 48.40
1990 52.21
1991 55.56
1992 57.41
1993 58.98
1994 59.80
1995 66.78
1996 69.62
1997 69.38
1998 70.49
1999 71.43
2000 72.64
2001 73.99
2002 75.51
2003 77.58
2004 79.57
2005 82.07
2006 84.41
2007 86.77
2008 89.57
2009 91.11
2010 92.36
2011 94.27
2012 95.79
2013 97.93
2014 99.49
2015 100.00
2016 101.90
2017 103.75
2018 105.83
2019 107.96
2020 113.73

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