National Accounts: National Accounts Deflators: Gross Domestic Product: GDP Deflator for Austria
AUTGDPDEFQISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.95
Year-over-Year Change
15.97%
Date Range
1/1/1988 - 7/1/2023
Summary
The GDP Deflator for Austria measures the changes in the overall price level of goods and services produced in the Austrian economy. It is a key economic indicator used to assess inflationary pressures and the real growth of the economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The GDP Deflator is a comprehensive measure of inflation that accounts for changes in the prices of all goods and services that contribute to GDP. It is widely used by economists, policymakers, and analysts to evaluate the real performance of the Austrian economy and inform economic decision-making.
Methodology
The data is calculated by the OECD based on GDP and other national accounts information provided by the Austrian government.
Historical Context
The GDP Deflator is an important input for monetary and fiscal policy, as well as market analysis of the Austrian economy.
Key Facts
- The GDP Deflator has a base year of 2015.
- Austria's GDP Deflator reached a high of 108.6 in 2022.
- The GDP Deflator is published quarterly by the OECD.
FAQs
Q: What does this economic trend measure?
A: The GDP Deflator for Austria measures the changes in the overall price level of goods and services produced in the Austrian economy.
Q: Why is this trend relevant for users or analysts?
A: The GDP Deflator is a key indicator used to assess inflationary pressures and the real growth of the Austrian economy, which is important for economic decision-making.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on GDP and other national accounts information provided by the Austrian government.
Q: How is this trend used in economic policy?
A: The GDP Deflator is an important input for monetary and fiscal policy, as well as market analysis of the Austrian economy.
Q: Are there update delays or limitations?
A: The GDP Deflator is published quarterly by the OECD.
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Citation
U.S. Federal Reserve, National Accounts: National Accounts Deflators: Gross Domestic Product: GDP Deflator for Austria (AUTGDPDEFQISMEI), retrieved from FRED.