National Accounts: National Accounts Deflators: Gross Domestic Product: GDP Deflator for India
Annual
INDGDPDEFAISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139.95
Year-over-Year Change
86.06%
Date Range
1/1/1997 - 1/1/2022
Summary
The Annual Gross Domestic Product (GDP) Deflator is a key measure of inflation in an economy. It reflects the change in prices for all goods and services produced domestically.
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 used to adjust nominal GDP for the effects of inflation, providing a measure of real economic growth. This allows for more accurate comparisons of GDP over time and across countries.
Methodology
The GDP Deflator is calculated by dividing nominal GDP by real GDP.
Historical Context
The GDP Deflator is a critical input for policymakers and analysts assessing the overall health of the economy.
Key Facts
- The GDP Deflator tracks price changes for all domestically produced goods and services.
- Real GDP growth is calculated by dividing nominal GDP by the GDP Deflator.
- The GDP Deflator is a more comprehensive inflation measure than the Consumer Price Index (CPI).
FAQs
Q: What does this economic trend measure?
A: The Annual Gross Domestic Product (GDP) Deflator measures the change in prices for all goods and services produced within an economy over the course of a year.
Q: Why is this trend relevant for users or analysts?
A: The GDP Deflator is a key indicator of overall inflation in an economy and allows for more accurate comparisons of real economic growth over time.
Q: How is this data collected or calculated?
A: The GDP Deflator is calculated by dividing nominal GDP by real GDP.
Q: How is this trend used in economic policy?
A: The GDP Deflator is a critical input for policymakers and analysts assessing the overall health of the economy, as it provides a comprehensive measure of inflation.
Q: Are there update delays or limitations?
A: The GDP Deflator data is typically released on a quarterly basis with a short delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual Gross Domestic Product (GDP) Deflator (INDGDPDEFAISMEI), retrieved from FRED.