Serbia - GDP deflator (base year varies by country)

GDP deflator (base year varies by country) in Serbia was 111.91 as of 2020. Its highest value over the past 25 years was 111.91 in 2020, while its lowest value was 2.58 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 2.58
1996 4.78
1997 5.77
1998 7.18
1999 9.19
2000 16.63
2001 31.07
2002 37.13
2003 41.77
2004 45.16
2005 51.78
2006 58.18
2007 63.25
2008 68.99
2009 74.43
2010 78.70
2011 85.71
2012 91.02
2013 95.69
2014 98.16
2015 100.00
2016 101.55
2017 104.57
2018 106.63
2019 109.23
2020 111.91

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