Eritrea - GDP deflator (base year varies by country)

GDP deflator (base year varies by country) in Eritrea was 100.00 as of 2011. Its highest value over the past 19 years was 100.00 in 2011, while its lowest value was 13.25 in 1993.

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
1992 13.44
1993 13.25
1994 14.63
1995 16.07
1996 17.53
1997 18.21
1998 19.87
1999 20.33
2000 25.41
2001 29.24
2002 33.96
2003 41.38
2004 51.65
2005 55.58
2006 61.92
2007 66.43
2008 77.11
2009 99.86
2010 83.66
2011 100.00

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