Palau - GDP deflator (base year varies by country)

GDP deflator (base year varies by country) in Palau was 104.12 as of 2020. Its highest value over the past 20 years was 104.12 in 2020, while its lowest value was 62.22 in 2003.

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 63.06
2001 63.54
2002 63.80
2003 62.22
2004 63.67
2005 70.61
2006 71.62
2007 72.58
2008 76.79
2009 77.75
2010 76.93
2011 76.36
2012 81.01
2013 87.29
2014 89.76
2015 96.86
2016 103.11
2017 101.97
2018 101.86
2019 100.00
2020 104.12

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