Korea - GDP deflator (base year varies by country)

GDP deflator (base year varies by country) in Korea was 105.24 as of 2020. Its highest value over the past 60 years was 105.24 in 2020, while its lowest value was 0.86 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 0.86
1961 0.97
1962 1.13
1963 1.47
1964 1.92
1965 2.01
1966 2.30
1967 2.60
1968 2.96
1969 3.38
1970 3.88
1971 4.31
1972 4.99
1973 5.63
1974 7.35
1975 9.09
1976 11.02
1977 12.62
1978 15.37
1979 18.22
1980 22.71
1981 26.48
1982 28.19
1983 29.55
1984 30.86
1985 32.09
1986 33.68
1987 35.31
1988 37.82
1989 40.11
1990 44.16
1991 48.20
1992 51.95
1993 55.20
1994 59.70
1995 63.89
1996 66.52
1997 69.18
1998 72.28
1999 71.39
2000 72.12
2001 74.63
2002 76.89
2003 79.54
2004 82.03
2005 82.89
2006 82.70
2007 84.70
2008 87.10
2009 90.24
2010 92.71
2011 93.90
2012 95.07
2013 96.04
2014 96.91
2015 100.00
2016 101.99
2017 104.25
2018 104.76
2019 103.88
2020 105.24

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