Belgium - GDP deflator (base year varies by country)

GDP deflator (base year varies by country) in Belgium was 108.59 as of 2020. Its highest value over the past 60 years was 108.59 in 2020, while its lowest value was 14.93 in 1960.

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
1960 14.93
1961 15.12
1962 15.38
1963 15.84
1964 16.58
1965 17.42
1966 18.13
1967 18.71
1968 19.20
1969 19.98
1970 21.31
1971 22.45
1972 23.87
1973 25.50
1974 28.60
1975 32.28
1976 34.73
1977 37.33
1978 38.98
1979 40.73
1980 42.41
1981 44.59
1982 47.97
1983 50.66
1984 53.42
1985 55.89
1986 57.45
1987 58.42
1988 59.69
1989 62.55
1990 64.31
1991 66.16
1992 68.43
1993 71.16
1994 72.65
1995 73.54
1996 73.89
1997 74.45
1998 75.79
1999 76.24
2000 77.78
2001 79.32
2002 80.62
2003 82.12
2004 83.69
2005 85.43
2006 87.37
2007 89.05
2008 90.75
2009 91.24
2010 92.96
2011 94.64
2012 96.50
2013 97.73
2014 98.69
2015 100.00
2016 101.92
2017 103.79
2018 105.36
2019 107.21
2020 108.59

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