Georgia - GDP deflator (base year varies by country)

GDP deflator (base year varies by country) in Georgia was 131.12 as of 2020. Its highest value over the past 55 years was 131.12 in 2020, while its lowest value was 0.00 in 1965.

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
1965 0.00
1966 0.00
1967 0.00
1968 0.00
1969 0.00
1970 0.00
1971 0.00
1972 0.00
1973 0.00
1974 0.00
1975 0.00
1976 0.00
1977 0.00
1978 0.00
1979 0.00
1980 0.00
1981 0.00
1982 0.00
1983 0.00
1984 0.00
1985 0.00
1986 0.00
1987 0.00
1988 0.00
1989 0.00
1990 0.00
1991 0.00
1992 0.00
1993 0.14
1994 8.48
1995 22.28
1996 31.86
1997 33.94
1998 36.30
1999 39.83
2000 41.69
2001 43.93
2002 46.54
2003 48.13
2004 52.19
2005 56.33
2006 61.09
2007 66.87
2008 73.29
2009 71.72
2010 81.90
2011 89.03
2012 89.45
2013 90.65
2014 94.49
2015 100.00
2016 102.62
2017 111.33
2018 116.19
2019 122.22
2020 131.12

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