The GDP Deflator helps calculating GDP Deflator.

In economics, Gross Domestic Product (GDP) is a basic measure of a countrys economic performance and is the market value of all final goods and services made within the borders of a nation in a year . It is a fundamental measurement of production and is very often positively correlated with the standard of living.

What is The GDP deflator?

The GDP deflator is a measurement of the difference between nominal (not adjusted for inflation) and real (adjusted for inflation) GDP.

Formula of GDP Deflator

The GDP Deflator equals to:

(Nominal GDP / Real GDP) x 100

Example of GDP Deflator

If the Nominal GDP is jumi,500,000 and Real GDP is jumi,000,000.

GDP Deflator equals to 150 (jumi,500,000 / jumi,000,000) x 100 = 150