National Accounts: National Accounts Deflators: Gross Domestic Product: GDP Deflator for Spain
ESPGDPDEFQISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.19
Year-over-Year Change
13.08%
Date Range
1/1/1995 - 7/1/2023
Summary
The GDP deflator for Spain is a key measure of overall price changes in the Spanish economy. It tracks the rate of inflation faced by Spanish consumers and businesses.
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 broad measure of price changes for all goods and services produced within the Spanish economy. It is used to adjust nominal GDP figures for inflation, providing a more accurate assessment of real economic growth.
Methodology
The GDP deflator is calculated by the OECD using the ratio of nominal to real GDP.
Historical Context
The GDP deflator is closely monitored by Spanish policymakers and financial markets to gauge inflationary pressures.
Key Facts
- The GDP deflator covers a broader range of prices than the consumer price index.
- Spain's GDP deflator reached a high of 4.1% in 2008 during the global financial crisis.
- The GDP deflator is a chained index, with 2015 as the base year.
FAQs
Q: What does this economic trend measure?
A: The GDP deflator for Spain measures the overall rate of inflation in the Spanish economy by comparing nominal and real GDP.
Q: Why is this trend relevant for users or analysts?
A: The GDP deflator is a key indicator for assessing the true growth of the Spanish economy, as it adjusts GDP figures for the effects of inflation.
Q: How is this data collected or calculated?
A: The GDP deflator is calculated by the OECD as the ratio of nominal to real GDP.
Q: How is this trend used in economic policy?
A: Spanish policymakers and financial markets closely monitor the GDP deflator to gauge inflationary pressures and make informed decisions about monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The GDP deflator data is published quarterly by the OECD with a short lag, providing timely information on price changes in the Spanish economy.
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Citation
U.S. Federal Reserve, National Accounts: National Accounts Deflators: Gross Domestic Product: GDP Deflator for Spain (ESPGDPDEFQISMEI), retrieved from FRED.