Mongolia - GDP deflator (base year varies by country)

GDP deflator (base year varies by country) in Mongolia was 140.51 as of 2020. Its highest value over the past 39 years was 140.51 in 2020, while its lowest value was 0.13 in 1986.

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
1981 0.14
1982 0.14
1983 0.15
1984 0.14
1985 0.14
1986 0.13
1987 0.13
1988 0.13
1989 0.14
1990 0.17
1991 0.33
1992 0.90
1993 3.76
1994 6.18
1995 9.91
1996 10.98
1997 13.36
1998 13.11
1999 14.53
2000 16.27
2001 17.98
2002 19.12
2003 21.08
2004 24.60
2005 29.54
2006 36.03
2007 40.22
2008 48.85
2009 49.74
2010 69.23
2011 79.70
2012 89.89
2013 92.50
2014 99.39
2015 100.00
2016 102.99
2017 114.12
2018 123.20
2019 135.49
2020 140.51

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