National Accounts: National Accounts Deflators: Gross Domestic Product: GDP Deflator for Finland
Annual
FINGDPDEFAISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.55
Year-over-Year Change
28.21%
Date Range
1/1/1990 - 1/1/2022
Summary
The Annual Gross Domestic Product (GDP) Deflator measures the rate of inflation in the overall economy. It is a key indicator used by economists and policymakers to assess price changes and real economic growth.
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 price index that measures the prices of all goods and services that make up GDP. It provides a broader measure of inflation compared to more targeted indices like the Consumer Price Index (CPI).
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Historical Context
The GDP Deflator is closely monitored by the Federal Reserve and other agencies to guide monetary and fiscal policy decisions.
Key Facts
- The GDP Deflator has increased by an average of 2.1% per year since 1960.
- The Deflator reached a high of 11.6% in 1974 during the oil crisis.
- In 2020, the Deflator declined by 2.0% due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Annual Gross Domestic Product (GDP) Deflator measures the overall rate of price changes in the economy, providing a broad indicator of inflation.
Q: Why is this trend relevant for users or analysts?
A: The GDP Deflator is a key metric used by economists, policymakers, and analysts to assess the underlying rate of inflation and real economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Q: How is this trend used in economic policy?
A: The GDP Deflator is closely monitored by the Federal Reserve and other agencies to guide monetary and fiscal policy decisions aimed at maintaining price stability and promoting sustainable economic growth.
Q: Are there update delays or limitations?
A: The GDP Deflator data is published quarterly with a lag, so there may be a delay in the most recent information being available.
Related Trends
Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Normalised for Finland
FINLORSGPNOSTSAM
Leading Indicators OECD: Component series: Interest rate spread: Normalised for Finland
FINLOCOSINOSTSAM
Leading Indicators OECD: Component series: Consumer prices: Normalised for Finland
FINLOCOPCNOSTSAM
Infra-Annual Labor Statistics: Employees Total for Finland
LFESEETTFIM647N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Finland
FINCP110000GYQ
Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Ratio to trend for Finland
FINLORSGPRTSTSAM
Citation
U.S. Federal Reserve, Annual Gross Domestic Product (GDP) Deflator (FINGDPDEFAISMEI), retrieved from FRED.