Colombia - GDP deflator (base year varies by country)

GDP deflator (base year varies by country) in Colombia was 122.00 as of 2020. Its highest value over the past 60 years was 122.00 in 2020, while its lowest value was 0.03 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 0.03
1961 0.03
1962 0.04
1963 0.05
1964 0.05
1965 0.06
1966 0.07
1967 0.07
1968 0.08
1969 0.09
1970 0.10
1971 0.11
1972 0.12
1973 0.14
1974 0.18
1975 0.22
1976 0.28
1977 0.36
1978 0.42
1979 0.52
1980 0.67
1981 0.82
1982 1.02
1983 1.23
1984 1.51
1985 1.88
1986 2.43
1987 3.00
1988 3.83
1989 4.78
1990 7.27
1991 9.24
1992 11.33
1993 14.15
1994 17.27
1995 20.53
1996 23.99
1997 28.03
1998 32.17
1999 36.24
2000 48.44
2001 51.60
2002 54.68
2003 58.41
2004 62.66
2005 65.64
2006 69.45
2007 73.07
2008 78.68
2009 81.87
2010 84.99
2011 90.42
2012 93.69
2013 95.47
2014 97.61
2015 100.00
2016 105.15
2017 110.55
2018 115.67
2019 120.30
2020 122.00

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