Lao PDR - GDP deflator (base year varies by country)

GDP deflator (base year varies by country) in Lao PDR was 132.01 as of 2020. Its highest value over the past 36 years was 132.01 in 2020, while its lowest value was 0.41 in 1984.

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
1984 0.41
1985 0.68
1986 1.03
1987 1.18
1988 1.48
1989 2.30
1990 3.17
1991 3.59
1992 3.80
1993 4.23
1994 4.55
1995 5.45
1996 6.19
1997 7.39
1998 13.64
1999 31.10
2000 38.81
2001 42.25
2002 44.92
2003 50.96
2004 56.41
2005 61.28
2006 67.91
2007 72.96
2008 79.42
2009 77.10
2010 84.19
2011 93.00
2012 100.00
2013 106.47
2014 112.57
2015 115.22
2016 118.70
2017 120.90
2018 123.22
2019 125.73
2020 132.01

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