Latvia - GDP deflator (base year varies by country)

GDP deflator (base year varies by country) in Latvia was 110.56 as of 2020. Its highest value over the past 25 years was 110.66 in 2019, while its lowest value was 36.46 in 1995.

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
1995 36.46
1996 41.00
1997 43.41
1998 45.50
1999 46.18
2000 47.85
2001 48.95
2002 51.44
2003 54.02
2004 57.83
2005 64.31
2006 72.31
2007 86.82
2008 96.94
2009 87.57
2010 87.27
2011 92.97
2012 96.35
2013 98.00
2014 99.88
2015 100.00
2016 100.86
2017 103.84
2018 107.88
2019 110.66
2020 110.56

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