GDP deflator


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GDP Price Deflator

A ratio of nominal GDP to real GDP expressed as a percentage. The GDP price deflator is used as a measure of the inflation rate; it does not account for price changes in commodity baskets like the Consumer Price Index. Rather, it shows changes in GDP compared with a base year.

GDP deflator

A price index used to adjust gross domestic product for changes in prices of goods and services included in the GDP. The GDP deflator is a more broadly based and, many economists argue, a better measure of inflation than the consumer price index or the producer price index. Also called gross domestic product deflator.
References in periodicals archive ?
Based on the GDP deflator, the price level in Slovakia vis-a-vis the eurozone fell by almost 4 percent in the past three years.
The 2017 GDP deflator shows an inflation rate of 2.
The GDP deflator is minus this time, because of low commodity prices that have pushed inflation into the negative territory.
As time passes, the effects of nonmonetary events (velocity) on the GDP deflator fade and the connection between excess-money growth and prices starts to predominate.
The GDP deflator, a key price change gauge for the government, fell 0.
In light of this, we considered four measures of inflation based on four measures of the aggregate price level: 1) the GDP deflator, 2) the price deflator for the nonfarm business sector (NFB), 3) the Consumer Price Index (CPI), and 4) the price deflator for personal consumption expenditures (PCE).
We want to formulate new standards'' used for a new GDP deflator, he said.
But even though the so-called GDP deflator - which measures changes in the prices of domestically produced goods - jumped to a 1.
Inflation in 1993, as measured by the GDP deflator, is expected to rise about the same as in 1992, between 2 and 3 percent.
The real wage is calculated as compensation per employee divided by the GDP deflator.
According to the draft budget, the GDP deflator stands at 14.
The data also showed that the GDP deflator, a key inflation gauge, fell at the steepest rate ever of 3.