Cuba - GDP deflator (base year varies by country)

GDP deflator (base year varies by country) in Cuba was 211.75 as of 2020. Its highest value over the past 50 years was 211.75 in 2020, while its lowest value was 39.37 in 1970.

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
1970 39.37
1971 44.03
1972 47.10
1973 48.63
1974 54.40
1975 56.75
1976 57.05
1977 54.66
1978 59.75
1979 61.50
1980 64.82
1981 63.17
1982 61.77
1983 62.75
1984 64.37
1985 62.99
1986 60.52
1987 60.89
1988 61.64
1989 62.03
1990 65.29
1991 60.47
1992 62.73
1993 74.63
1994 94.25
1995 104.15
1996 101.37
1997 100.00
1998 101.30
1999 105.14
2000 106.97
2001 107.45
2002 112.33
2003 115.67
2004 116.37
2005 116.81
2006 128.92
2007 133.54
2008 133.08
2009 133.93
2010 135.54
2011 141.40
2012 145.52
2013 149.39
2014 154.56
2015 159.88
2016 166.79
2017 173.66
2018 175.45
2019 181.67
2020 211.75

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