Top 100 Countries by Highest GDP Deflator ✧˖°.
The GDP deflator is a measure of the price level of goods and services produced in an economy. It is an index that measures the average change in prices of all the goods and services produced in a country, regardless of whether they are sold domestically or exported.
The GDP deflator is calculated by dividing nominal GDP (the value of all goods and services produced in an economy using current market prices) by real GDP (the value of all goods and services produced in an economy using constant prices from a base year). The result is then multiplied by 100 to express the GDP deflator as a percentage.
The GDP deflator is often used as an indicator of inflation or deflation in an economy. If the GDP deflator increases over time, it indicates that prices of goods and services are rising, which can be a sign of inflation. If the GDP deflator decreases over time, it indicates that prices of goods and services are falling, which can be a sign of deflation.
