The GDP deflator is an economic indicator that reflects the overall price level of all goods and services produced within a country during a specific period. It is also called the GDP price index.
GDP Deflator = (Nominal GDP / Real GDP) × 100
Nominal GDP is measured at current prices (without adjusting for inflation).
Real GDP is adjusted for inflation, measured in constant prices of a base year.
For example, if the GDP deflator is 120, it means that prices have increased by 20% compared to the base year.
The GDP deflator is an economic indicator that reflects the overall price level of all goods and services produced within a country during a specific period. It is also called the GDP price index.
GDP Deflator = (Nominal GDP / Real GDP) × 100
Nominal GDP is measured at current prices (without adjusting for inflation).
Real GDP is adjusted for inflation, measured in constant prices of a base year.
For example, if the GDP deflator is 120, it means that prices have increased by 20% compared to the base year.
