Liberia - GDP deflator (base year varies by country)

GDP deflator (base year varies by country) in Liberia was 96.05 as of 2020. Its highest value over the past 20 years was 100.00 in 2016, while its lowest value was 36.71 in 2002.

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
2000 36.96
2001 37.23
2002 36.71
2003 42.41
2004 49.56
2005 49.80
2006 54.35
2007 60.88
2008 71.43
2009 69.48
2010 74.01
2011 82.09
2012 88.49
2013 92.67
2014 93.42
2015 93.48
2016 100.00
2017 97.38
2018 97.18
2019 96.63
2020 96.05

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