National Accounts: National Accounts Deflators: Gross Domestic Product: GDP Deflator for G7
G7NAGIGP01IXOBSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.95
Year-over-Year Change
5.02%
Date Range
1/1/1962 - 1/1/2018
Summary
The GDP Deflator for G7 measures the rate of change in prices of goods and services produced in the G7 countries. It is a key indicator of inflation and can inform economic policy decisions.
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 tracks the overall price level of all goods and services in the G7 economies. It measures the difference between nominal and real GDP, providing insight into inflationary pressures and purchasing power within the major industrialized nations.
Methodology
The data is calculated by the U.S. Federal Reserve based on GDP and other national accounts data from the G7 countries.
Historical Context
The GDP Deflator is used by policymakers, analysts, and investors to assess economic conditions and make informed decisions.
Key Facts
- The G7 countries are Canada, France, Germany, Italy, Japan, the UK, and the US.
- The GDP Deflator has a base year of 2012 = 100.
- It is released quarterly by the U.S. Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The GDP Deflator for G7 measures the overall change in prices of goods and services produced in the G7 economies.
Q: Why is this trend relevant for users or analysts?
A: The GDP Deflator provides valuable insight into inflationary pressures and the purchasing power of consumers and businesses within the major industrialized nations.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on GDP and other national accounts data from the G7 countries.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and investors use the GDP Deflator to assess economic conditions and make informed decisions.
Q: Are there update delays or limitations?
A: The GDP Deflator for G7 is released quarterly by the U.S. Federal Reserve with no significant update delays.
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Citation
U.S. Federal Reserve, National Accounts: National Accounts Deflators: Gross Domestic Product: GDP Deflator for G7 (G7NAGIGP01IXOBSAQ), retrieved from FRED.