Guatemala - GDP deflator (base year varies by country)

GDP deflator (base year varies by country) in Guatemala was 118.34 as of 2020. Its highest value over the past 60 years was 118.34 in 2020, while its lowest value was 1.83 in 1966.

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 1.87
1961 1.85
1962 1.90
1963 1.91
1964 1.88
1965 1.85
1966 1.83
1967 1.84
1968 1.87
1969 1.90
1970 2.00
1971 1.97
1972 1.95
1973 2.23
1974 2.58
1975 2.92
1976 3.25
1977 3.79
1978 3.99
1979 4.34
1980 4.77
1981 5.18
1982 5.44
1983 5.79
1984 6.03
1985 7.17
1986 10.14
1987 10.95
1988 12.22
1989 13.56
1990 19.05
1991 25.34
1992 27.58
1993 31.58
1994 35.28
1995 38.34
1996 41.76
1997 45.20
1998 49.50
1999 51.99
2000 55.55
2001 52.43
2002 55.82
2003 58.32
2004 61.83
2005 65.33
2006 68.59
2007 73.47
2008 80.38
2009 83.27
2010 87.55
2011 93.59
2012 96.75
2013 100.00
2014 102.86
2015 105.16
2016 108.00
2017 109.89
2018 111.20
2019 115.29
2020 118.34

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