Iceland - GDP deflator (base year varies by country)

GDP deflator (base year varies by country) in Iceland was 114.38 as of 2020. Its highest value over the past 60 years was 114.38 in 2020, while its lowest value was 0.03 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 0.03
1961 0.03
1962 0.04
1963 0.04
1964 0.05
1965 0.05
1966 0.06
1967 0.06
1968 0.07
1969 0.08
1995 38.20
1996 39.15
1997 40.23
1998 42.12
1999 43.60
2000 45.35
2001 49.30
2002 52.20
2003 52.45
2004 53.86
2005 55.51
2006 60.29
2007 62.90
2008 70.54
2009 78.16
2010 83.13
2011 85.71
2012 88.66
2013 90.54
2014 94.29
2015 100.00
2016 102.26
2017 103.22
2018 105.96
2019 110.82
2020 114.38

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