Gross Domestic Product Deflator for Saudi Arabia
NGDPDIXSAA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139.43
Year-over-Year Change
15.77%
Date Range
1/1/2010 - 1/1/2024
Summary
The Gross Domestic Product (GDP) Deflator for Saudi Arabia measures the change in prices of all goods and services produced within the Saudi Arabian economy. It is a key indicator of domestic inflation and is used to adjust nominal GDP for price changes.
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 measure of inflation that accounts for changes in the prices of all goods and services that contribute to a country's GDP. It is often used by economists and policymakers to evaluate the real growth of the Saudi Arabian economy by removing the effects of price changes.
Methodology
The GDP Deflator is calculated by dividing the country's nominal GDP by its real GDP, and then expressing the result as an index.
Historical Context
The GDP Deflator is an important economic indicator for assessing the performance of the Saudi Arabian economy and can inform policy decisions related to inflation, monetary policy, and economic growth.
Key Facts
- The GDP Deflator is a comprehensive measure of inflation in Saudi Arabia.
- It accounts for changes in the prices of all goods and services produced in the country.
- The GDP Deflator is used to adjust nominal GDP for price changes.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) Deflator for Saudi Arabia measures the change in prices of all goods and services produced within the Saudi Arabian economy.
Q: Why is this trend relevant for users or analysts?
A: The GDP Deflator is an important indicator for evaluating the real growth of the Saudi Arabian economy by removing the effects of price changes, which is relevant for economists, policymakers, and analysts.
Q: How is this data collected or calculated?
A: The GDP Deflator is calculated by dividing the country's nominal GDP by its real GDP, and then expressing the result as an index.
Q: How is this trend used in economic policy?
A: The GDP Deflator can inform policy decisions related to inflation, monetary policy, and economic growth in Saudi Arabia.
Q: Are there update delays or limitations?
A: The data for the Saudi Arabian GDP Deflator is published by the U.S. Federal Reserve and may be subject to update delays or limitations depending on the availability of source data.
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Citation
U.S. Federal Reserve, Gross Domestic Product Deflator for Saudi Arabia (NGDPDIXSAA), retrieved from FRED.