Grenada - GDP deflator (base year varies by country)

GDP deflator (base year varies by country) in Grenada was 130.97 as of 2020. Its highest value over the past 43 years was 131.51 in 2019, while its lowest value was 29.84 in 1977.

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
1977 29.84
1978 34.99
1979 38.36
1980 41.83
1981 42.96
1982 44.75
1983 45.37
1984 48.37
1985 52.60
1986 54.88
1987 57.66
1988 61.56
1989 67.10
1990 67.11
1991 71.58
1992 74.46
1993 75.86
1994 78.28
1995 80.67
1996 82.82
1997 84.30
1998 85.77
1999 86.73
2000 89.21
2001 91.13
2002 91.46
2003 91.39
2004 93.25
2005 95.57
2006 100.00
2007 102.32
2008 110.35
2009 110.34
2010 110.87
2011 111.12
2012 115.48
2013 118.85
2014 119.77
2015 123.08
2016 126.33
2017 128.26
2018 127.44
2019 131.51
2020 130.97

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