Greece - GDP deflator (base year varies by country)

GDP deflator (base year varies by country) in Greece was 98.95 as of 2020. Its highest value over the past 60 years was 104.70 in 2011, while its lowest value was 1.01 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 1.01
1961 1.02
1962 1.07
1963 1.08
1964 1.12
1965 1.16
1966 1.22
1967 1.25
1968 1.27
1969 1.31
1970 1.36
1971 1.40
1972 1.47
1973 1.78
1974 2.18
1975 2.47
1976 2.88
1977 3.27
1978 3.72
1979 4.47
1980 5.34
1981 6.49
1982 8.25
1983 9.96
1984 12.14
1985 14.45
1986 17.17
1987 19.79
1988 23.10
1989 26.44
1990 31.91
1991 38.23
1992 43.89
1993 50.22
1994 55.84
1995 61.30
1996 65.98
1997 70.31
1998 73.90
1999 76.57
2000 77.79
2001 80.50
2002 83.19
2003 86.07
2004 88.70
2005 90.69
2006 93.86
2007 97.07
2008 101.29
2009 103.89
2010 103.71
2011 104.70
2012 104.41
2013 102.28
2014 100.29
2015 100.00
2016 99.42
2017 99.71
2018 99.54
2019 99.79
2020 98.95

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