National Accounts: National Accounts Deflators: Gross Domestic Product: GDP Deflator for Finland
FINGDPDEFQISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.50
Year-over-Year Change
14.59%
Date Range
1/1/1990 - 7/1/2023
Summary
The GDP Deflator for Finland is a measure of the overall price level of goods and services in the Finnish economy. It is a key indicator used by economists and policymakers to assess inflationary pressures and inform economic decision-making.
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 tracks the prices of all final goods and services produced within Finland's national borders. It is used to adjust nominal GDP for the effects of inflation, providing a more accurate picture of real economic growth.
Methodology
The GDP Deflator is calculated by the OECD using data on prices and quantities of final expenditure components of GDP.
Historical Context
The GDP Deflator is widely monitored by the Bank of Finland and other institutions to evaluate the country's macroeconomic performance and guide monetary and fiscal policy.
Key Facts
- The GDP Deflator is a comprehensive price index covering all final goods and services in the Finnish economy.
- It is used to adjust nominal GDP for inflation, providing a more accurate measure of real economic growth.
- The GDP Deflator is a key indicator monitored by the Bank of Finland and other institutions for economic policymaking.
FAQs
Q: What does this economic trend measure?
A: The GDP Deflator for Finland measures the overall price level of goods and services produced within the country's national borders.
Q: Why is this trend relevant for users or analysts?
A: The GDP Deflator is a crucial indicator used by economists and policymakers to assess inflationary pressures and evaluate real economic growth in Finland.
Q: How is this data collected or calculated?
A: The GDP Deflator is calculated by the OECD using data on prices and quantities of final expenditure components of Finland's GDP.
Q: How is this trend used in economic policy?
A: The GDP Deflator is closely monitored by the Bank of Finland and other institutions to inform monetary and fiscal policy decisions in the country.
Q: Are there update delays or limitations?
A: The GDP Deflator data for Finland is published on a quarterly basis by the OECD, with a typical release lag of several months.
Related Trends
Geographical Outreach: Key Indicators ATMs Per 1000 Km2 for Finland
FINFCAKNUM
Other Prices: Cost of Construction: Total for Finland
OPCNTB01FIM661N
Leading Indicators OECD: Reference Series: Gross Domestic Product (GDP): Original Series for Finland
LORSGPORFIQ661S
Infra-Annual Labor Statistics: Monthly Unemployment Female: 15 Years or over for Finland
LFHUTTFEFIM647S
Consumer Price Index: Transport (COICOP 07): Total for Finland
FINCP070000IXNBQ
Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 25 Years or over for Finland
LRHUADTTFIM156S
Citation
U.S. Federal Reserve, National Accounts: National Accounts Deflators: Gross Domestic Product: GDP Deflator for Finland (FINGDPDEFQISMEI), retrieved from FRED.