West Bank and Gaza - GDP deflator (base year varies by country)

GDP deflator (base year varies by country) in West Bank and Gaza was 111.03 as of 2020. Its highest value over the past 26 years was 111.03 in 2020, while its lowest value was 54.87 in 1999.

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
1994 56.22
1995 60.59
1996 62.18
1997 59.79
1998 56.58
1999 54.87
2000 60.60
2001 62.02
2002 62.94
2003 61.60
2004 58.61
2005 58.65
2006 61.81
2007 64.76
2008 75.77
2009 77.17
2010 87.36
2011 92.09
2012 94.73
2013 100.17
2014 103.85
2015 100.00
2016 101.28
2017 104.54
2018 104.23
2019 108.24
2020 111.03

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