Nigeria - GDP deflator (base year varies by country)

GDP deflator (base year varies by country) in Nigeria was 217.87 as of 2020. Its highest value over the past 60 years was 217.87 in 2020, while its lowest value was 0.03 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 0.03
1961 0.03
1962 0.04
1963 0.04
1964 0.04
1965 0.04
1966 0.04
1967 0.04
1968 0.04
1969 0.04
1970 0.06
1971 0.06
1972 0.07
1973 0.07
1974 0.10
1975 0.12
1976 0.14
1977 0.15
1978 0.18
1979 0.20
1980 0.22
1981 0.71
1982 0.81
1983 0.97
1984 1.02
1985 1.09
1986 1.15
1987 1.38
1988 1.66
1989 2.14
1990 2.28
1991 2.71
1992 3.98
1993 5.64
1994 8.08
1995 14.17
1996 17.92
1997 18.83
1998 19.96
1999 22.64
2000 27.77
2001 30.57
2002 37.02
2003 40.65
2004 49.75
2005 59.63
2006 73.86
2007 79.10
2008 85.37
2009 85.95
2010 100.00
2011 109.78
2012 120.70
2013 126.69
2014 132.60
2015 136.40
2016 149.41
2017 166.03
2018 183.01
2019 202.01
2020 217.87

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