Guinea-Bissau - GDP deflator (base year varies by country)

GDP deflator (base year varies by country) in Guinea-Bissau was 165.24 as of 2020. Its highest value over the past 50 years was 170.91 in 2018, while its lowest value was 0.03 in 1970.

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
1970 0.03
1971 0.03
1972 0.03
1973 0.03
1974 0.04
1975 0.04
1976 0.04
1977 0.04
1978 0.04
1979 0.05
1980 0.05
1981 0.05
1982 0.06
1983 0.08
1984 0.12
1985 0.16
1986 0.34
1987 0.66
1988 1.18
1989 2.36
1990 3.07
1991 5.16
1992 8.51
1993 12.69
1994 15.64
1995 22.64
1996 31.52
1997 42.28
1998 45.70
1999 51.32
2000 92.84
2001 99.12
2002 100.90
2003 95.85
2004 94.52
2005 100.00
2006 97.73
2007 102.01
2008 114.73
2009 111.91
2010 115.23
2011 131.40
2012 130.28
2013 129.07
2014 128.88
2015 144.48
2016 153.28
2017 162.39
2018 170.91
2019 165.07
2020 165.24

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