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United States Gross Domestic Product (GDP) Deflator

Price

124.94 Points

Change +/-

+0.78 Points

Percentage Change

+0.63 %

The current value of the Gross Domestic Product (GDP) Deflator in United States is 124.94 Points. The Gross Domestic Product (GDP) Deflator in United States increased to 124.94 Points on 6/1/2024, after it was 124.16 Points on 3/1/2024. From 3/1/1947 to 9/1/2024, the average GDP in United States was 52.58 Points. The all-time high was reached on 9/1/2024 with 125.51 Points, while the lowest value was recorded on 3/1/1947 with 11.14 Points.

Source: U.S. Bureau of Economic Analysis

Gross Domestic Product (GDP) Deflator ·

3 years
5 years
10 years
25 Years
Max

GDP Deflator

	GDP Deflator
3/1/1947	11.14 points
6/1/1947	11.3 points
9/1/1947	11.49 points
12/1/1947	11.77 points
3/1/1948	11.87 points
6/1/1948	11.97 points
9/1/1948	12.19 points
12/1/1948	12.23 points
3/1/1949	12.17 points
6/1/1949	12.04 points
9/1/1949	11.99 points
12/1/1949	11.99 points
3/1/1950	11.97 points
6/1/1950	12.01 points
9/1/1950	12.27 points
12/1/1950	12.5 points
3/1/1951	12.95 points
6/1/1951	13.04 points
9/1/1951	13.05 points
12/1/1951	13.2 points
3/1/1952	13.19 points
6/1/1952	13.21 points
9/1/1952	13.35 points
12/1/1952	13.39 points
3/1/1953	13.39 points
6/1/1953	13.42 points
9/1/1953	13.48 points
12/1/1953	13.5 points
3/1/1954	13.54 points
6/1/1954	13.56 points
9/1/1954	13.57 points
12/1/1954	13.61 points
3/1/1955	13.68 points
6/1/1955	13.73 points
9/1/1955	13.83 points
12/1/1955	13.96 points
3/1/1956	14.1 points
6/1/1956	14.19 points
9/1/1956	14.37 points
12/1/1956	14.42 points
3/1/1957	14.62 points
6/1/1957	14.72 points
9/1/1957	14.81 points
12/1/1957	14.82 points
3/1/1958	14.98 points
6/1/1958	15.03 points
9/1/1958	15.12 points
12/1/1958	15.19 points
3/1/1959	15.22 points
6/1/1959	15.25 points
9/1/1959	15.31 points
12/1/1959	15.37 points
3/1/1960	15.43 points
6/1/1960	15.47 points
9/1/1960	15.52 points
12/1/1960	15.57 points
3/1/1961	15.6 points
6/1/1961	15.64 points
9/1/1961	15.68 points
12/1/1961	15.73 points
3/1/1962	15.81 points
6/1/1962	15.83 points
9/1/1962	15.87 points
12/1/1962	15.9 points
3/1/1963	15.97 points
6/1/1963	16 points
9/1/1963	16.02 points
12/1/1963	16.15 points
3/1/1964	16.2 points
6/1/1964	16.23 points
9/1/1964	16.3 points
12/1/1964	16.37 points
3/1/1965	16.46 points
6/1/1965	16.53 points
9/1/1965	16.6 points
12/1/1965	16.71 points
3/1/1966	16.82 points
6/1/1966	16.95 points
9/1/1966	17.12 points
12/1/1966	17.26 points
3/1/1967	17.33 points
6/1/1967	17.42 points
9/1/1967	17.59 points
12/1/1967	17.78 points
3/1/1968	17.98 points
6/1/1968	18.17 points
9/1/1968	18.35 points
12/1/1968	18.61 points
3/1/1969	18.8 points
6/1/1969	19.04 points
9/1/1969	19.31 points
12/1/1969	19.56 points
3/1/1970	19.83 points
6/1/1970	20.11 points
9/1/1970	20.27 points
12/1/1970	20.54 points
3/1/1971	20.85 points
6/1/1971	21.13 points
9/1/1971	21.34 points
12/1/1971	21.52 points
3/1/1972	21.85 points
6/1/1972	21.98 points
9/1/1972	22.19 points
12/1/1972	22.48 points
3/1/1973	22.74 points
6/1/1973	23.09 points
9/1/1973	23.54 points
12/1/1973	24 points
3/1/1974	24.46 points
6/1/1974	25.04 points
9/1/1974	25.77 points
12/1/1974	26.53 points
3/1/1975	27.13 points
6/1/1975	27.53 points
9/1/1975	28.02 points
12/1/1975	28.49 points
3/1/1976	28.79 points
6/1/1976	29.08 points
9/1/1976	29.46 points
12/1/1976	29.98 points
3/1/1977	30.47 points
6/1/1977	30.9 points
9/1/1977	31.27 points
12/1/1977	31.95 points
3/1/1978	32.41 points
6/1/1978	33.03 points
9/1/1978	33.59 points
12/1/1978	34.28 points
3/1/1979	34.9 points
6/1/1979	35.76 points
9/1/1979	36.54 points
12/1/1979	37.22 points
3/1/1980	38 points
6/1/1980	38.91 points
9/1/1980	39.77 points
12/1/1980	40.81 points
3/1/1981	41.89 points
6/1/1981	42.72 points
9/1/1981	43.52 points
12/1/1981	44.27 points
3/1/1982	44.88 points
6/1/1982	45.46 points
9/1/1982	46.11 points
12/1/1982	46.59 points
3/1/1983	46.94 points
6/1/1983	47.29 points
9/1/1983	47.79 points
12/1/1983	48.15 points
3/1/1984	48.64 points
6/1/1984	49.06 points
9/1/1984	49.49 points
12/1/1984	49.86 points
3/1/1985	50.35 points
6/1/1985	50.68 points
9/1/1985	50.98 points
12/1/1985	51.27 points
3/1/1986	51.52 points
6/1/1986	51.72 points
9/1/1986	51.93 points
12/1/1986	52.21 points
3/1/1987	52.55 points
6/1/1987	52.91 points
9/1/1987	53.31 points
12/1/1987	53.74 points
3/1/1988	54.16 points
6/1/1988	54.69 points
9/1/1988	55.34 points
12/1/1988	55.82 points
3/1/1989	56.4 points
6/1/1989	57 points
9/1/1989	57.42 points
12/1/1989	57.83 points
3/1/1990	58.45 points
6/1/1990	59.11 points
9/1/1990	59.61 points
12/1/1990	60.06 points
3/1/1991	60.64 points
6/1/1991	61.09 points
9/1/1991	61.57 points
12/1/1991	61.93 points
3/1/1992	62.16 points
6/1/1992	62.54 points
9/1/1992	62.84 points
12/1/1992	63.27 points
3/1/1993	63.63 points
6/1/1993	64.01 points
9/1/1993	64.39 points
12/1/1993	64.74 points
3/1/1994	65.05 points
6/1/1994	65.36 points
9/1/1994	65.74 points
12/1/1994	66.09 points
3/1/1995	66.45 points
6/1/1995	66.77 points
9/1/1995	67.1 points
12/1/1995	67.42 points
3/1/1996	67.75 points
6/1/1996	68.03 points
9/1/1996	68.25 points
12/1/1996	68.62 points
3/1/1997	69.03 points
6/1/1997	69.16 points
9/1/1997	69.46 points
12/1/1997	69.7 points
3/1/1998	69.79 points
6/1/1998	69.96 points
9/1/1998	70.26 points
12/1/1998	70.45 points
3/1/1999	70.68 points
6/1/1999	70.95 points
9/1/1999	71.2 points
12/1/1999	71.6 points
3/1/2000	72.07 points
6/1/2000	72.52 points
9/1/2000	72.94 points
12/1/2000	73.34 points
3/1/2001	73.82 points
6/1/2001	74.27 points
9/1/2001	74.56 points
12/1/2001	74.79 points
3/1/2002	75.03 points
6/1/2002	75.29 points
9/1/2002	75.65 points
12/1/2002	76.09 points
3/1/2003	76.46 points
6/1/2003	76.73 points
9/1/2003	77.17 points
12/1/2003	77.64 points
3/1/2004	78.19 points
6/1/2004	78.82 points
9/1/2004	79.32 points
12/1/2004	79.94 points
3/1/2005	80.58 points
6/1/2005	81.16 points
9/1/2005	81.9 points
12/1/2005	82.57 points
3/1/2006	83.16 points
6/1/2006	83.88 points
9/1/2006	84.47 points
12/1/2006	84.77 points
3/1/2007	85.58 points
6/1/2007	86.17 points
9/1/2007	86.64 points
12/1/2007	86.99 points
3/1/2008	87.32 points
6/1/2008	87.74 points
9/1/2008	88.4 points
12/1/2008	88.61 points
3/1/2009	88.54 points
6/1/2009	88.4 points
9/1/2009	88.5 points
12/1/2009	88.78 points
3/1/2010	89.04 points
6/1/2010	89.47 points
9/1/2010	89.74 points
12/1/2010	90.26 points
3/1/2011	90.73 points
6/1/2011	91.33 points
9/1/2011	91.88 points
12/1/2011	91.99 points
3/1/2012	92.53 points
6/1/2012	92.91 points
9/1/2012	93.42 points
12/1/2012	93.89 points
3/1/2013	94.26 points
6/1/2013	94.46 points
9/1/2013	94.92 points
12/1/2013	95.43 points
3/1/2014	95.79 points
6/1/2014	96.33 points
9/1/2014	96.73 points
12/1/2014	96.82 points
3/1/2015	96.77 points
6/1/2015	97.33 points
9/1/2015	97.58 points
12/1/2015	97.58 points
3/1/2016	97.5 points
6/1/2016	98.16 points
9/1/2016	98.41 points
12/1/2016	98.89 points
3/1/2017	99.39 points
6/1/2017	99.65 points
9/1/2017	100.16 points
12/1/2017	100.78 points
3/1/2018	101.42 points
6/1/2018	102.14 points
9/1/2018	102.58 points
12/1/2018	103.02 points
3/1/2019	103.33 points
6/1/2019	103.86 points
9/1/2019	104.19 points
12/1/2019	104.52 points
3/1/2020	105 points
6/1/2020	104.61 points
9/1/2020	105.53 points
12/1/2020	106.24 points
3/1/2021	107.59 points
6/1/2021	109.26 points
9/1/2021	110.9 points
12/1/2021	112.83 points
3/1/2022	115.12 points
6/1/2022	117.73 points
9/1/2022	119.06 points
12/1/2022	120.16 points
3/1/2023	121.25 points
6/1/2023	121.8 points
9/1/2023	122.77 points
12/1/2023	123.24 points
3/1/2024	124.16 points
6/1/2024	124.94 points

Gross Domestic Product (GDP) Deflator History

Date	Value
6/1/2024	124.94 Points
3/1/2024	124.16 Points
12/1/2023	123.24 Points
9/1/2023	122.77 Points
6/1/2023	121.8 Points
3/1/2023	121.25 Points
12/1/2022	120.16 Points
9/1/2022	119.06 Points
6/1/2022	117.73 Points
3/1/2022	115.12 Points
12/1/2021	112.83 Points
9/1/2021	110.9 Points
6/1/2021	109.26 Points
3/1/2021	107.59 Points
12/1/2020	106.24 Points
9/1/2020	105.53 Points
6/1/2020	104.61 Points
3/1/2020	105 Points
12/1/2019	104.52 Points
9/1/2019	104.19 Points
6/1/2019	103.86 Points
3/1/2019	103.33 Points
12/1/2018	103.02 Points
9/1/2018	102.58 Points
6/1/2018	102.14 Points
3/1/2018	101.42 Points
12/1/2017	100.78 Points
9/1/2017	100.16 Points
6/1/2017	99.65 Points
3/1/2017	99.39 Points
12/1/2016	98.89 Points
9/1/2016	98.41 Points
6/1/2016	98.16 Points
3/1/2016	97.5 Points
12/1/2015	97.58 Points
9/1/2015	97.58 Points
6/1/2015	97.33 Points
3/1/2015	96.77 Points
12/1/2014	96.82 Points
9/1/2014	96.73 Points
6/1/2014	96.33 Points
3/1/2014	95.79 Points
12/1/2013	95.43 Points
9/1/2013	94.92 Points
6/1/2013	94.46 Points
3/1/2013	94.26 Points
12/1/2012	93.89 Points
9/1/2012	93.42 Points
6/1/2012	92.91 Points
3/1/2012	92.53 Points
12/1/2011	91.99 Points
9/1/2011	91.88 Points
6/1/2011	91.33 Points
3/1/2011	90.73 Points
12/1/2010	90.26 Points
9/1/2010	89.74 Points
6/1/2010	89.47 Points
3/1/2010	89.04 Points
12/1/2009	88.78 Points
9/1/2009	88.5 Points
6/1/2009	88.4 Points
3/1/2009	88.54 Points
12/1/2008	88.61 Points
9/1/2008	88.4 Points
6/1/2008	87.74 Points
3/1/2008	87.32 Points
12/1/2007	86.99 Points
9/1/2007	86.64 Points
6/1/2007	86.17 Points
3/1/2007	85.58 Points
12/1/2006	84.77 Points
9/1/2006	84.47 Points
6/1/2006	83.88 Points
3/1/2006	83.16 Points
12/1/2005	82.57 Points
9/1/2005	81.9 Points
6/1/2005	81.16 Points
3/1/2005	80.58 Points
12/1/2004	79.94 Points
9/1/2004	79.32 Points
6/1/2004	78.82 Points
3/1/2004	78.19 Points
12/1/2003	77.64 Points
9/1/2003	77.17 Points
6/1/2003	76.73 Points
3/1/2003	76.46 Points
12/1/2002	76.09 Points
9/1/2002	75.65 Points
6/1/2002	75.29 Points
3/1/2002	75.03 Points
12/1/2001	74.79 Points
9/1/2001	74.56 Points
6/1/2001	74.27 Points
3/1/2001	73.82 Points
12/1/2000	73.34 Points
9/1/2000	72.94 Points
6/1/2000	72.52 Points
3/1/2000	72.07 Points
12/1/1999	71.6 Points
9/1/1999	71.2 Points
6/1/1999	70.95 Points
3/1/1999	70.68 Points
12/1/1998	70.45 Points
9/1/1998	70.26 Points
6/1/1998	69.96 Points
3/1/1998	69.79 Points
12/1/1997	69.7 Points
9/1/1997	69.46 Points
6/1/1997	69.16 Points
3/1/1997	69.03 Points
12/1/1996	68.62 Points
9/1/1996	68.25 Points
6/1/1996	68.03 Points
3/1/1996	67.75 Points
12/1/1995	67.42 Points
9/1/1995	67.1 Points
6/1/1995	66.77 Points
3/1/1995	66.45 Points
12/1/1994	66.09 Points
9/1/1994	65.74 Points
6/1/1994	65.36 Points
3/1/1994	65.05 Points
12/1/1993	64.74 Points
9/1/1993	64.39 Points
6/1/1993	64.01 Points
3/1/1993	63.63 Points
12/1/1992	63.27 Points
9/1/1992	62.84 Points
6/1/1992	62.54 Points
3/1/1992	62.16 Points
12/1/1991	61.93 Points
9/1/1991	61.57 Points
6/1/1991	61.09 Points
3/1/1991	60.64 Points
12/1/1990	60.06 Points
9/1/1990	59.61 Points
6/1/1990	59.11 Points
3/1/1990	58.45 Points
12/1/1989	57.83 Points
9/1/1989	57.42 Points
6/1/1989	57 Points
3/1/1989	56.4 Points
12/1/1988	55.82 Points
9/1/1988	55.34 Points
6/1/1988	54.69 Points
3/1/1988	54.16 Points
12/1/1987	53.74 Points
9/1/1987	53.31 Points
6/1/1987	52.91 Points
3/1/1987	52.55 Points
12/1/1986	52.21 Points
9/1/1986	51.93 Points
6/1/1986	51.72 Points
3/1/1986	51.52 Points
12/1/1985	51.27 Points
9/1/1985	50.98 Points
6/1/1985	50.68 Points
3/1/1985	50.35 Points
12/1/1984	49.86 Points
9/1/1984	49.49 Points
6/1/1984	49.06 Points
3/1/1984	48.64 Points
12/1/1983	48.15 Points
9/1/1983	47.79 Points
6/1/1983	47.29 Points
3/1/1983	46.94 Points
12/1/1982	46.59 Points
9/1/1982	46.11 Points
6/1/1982	45.46 Points
3/1/1982	44.88 Points
12/1/1981	44.27 Points
9/1/1981	43.52 Points
6/1/1981	42.72 Points
3/1/1981	41.89 Points
12/1/1980	40.81 Points
9/1/1980	39.77 Points
6/1/1980	38.91 Points
3/1/1980	38 Points
12/1/1979	37.22 Points
9/1/1979	36.54 Points
6/1/1979	35.76 Points
3/1/1979	34.9 Points
12/1/1978	34.28 Points
9/1/1978	33.59 Points
6/1/1978	33.03 Points
3/1/1978	32.41 Points
12/1/1977	31.95 Points
9/1/1977	31.27 Points
6/1/1977	30.9 Points
3/1/1977	30.47 Points
12/1/1976	29.98 Points
9/1/1976	29.46 Points
6/1/1976	29.08 Points
3/1/1976	28.79 Points
12/1/1975	28.49 Points
9/1/1975	28.02 Points
6/1/1975	27.53 Points
3/1/1975	27.13 Points
12/1/1974	26.53 Points
9/1/1974	25.77 Points
6/1/1974	25.04 Points
3/1/1974	24.46 Points
12/1/1973	24 Points
9/1/1973	23.54 Points
6/1/1973	23.09 Points
3/1/1973	22.74 Points
12/1/1972	22.48 Points
9/1/1972	22.19 Points
6/1/1972	21.98 Points
3/1/1972	21.85 Points
12/1/1971	21.52 Points
9/1/1971	21.34 Points
6/1/1971	21.13 Points
3/1/1971	20.85 Points
12/1/1970	20.54 Points
9/1/1970	20.27 Points
6/1/1970	20.11 Points
3/1/1970	19.83 Points
12/1/1969	19.56 Points
9/1/1969	19.31 Points
6/1/1969	19.04 Points
3/1/1969	18.8 Points
12/1/1968	18.61 Points
9/1/1968	18.35 Points
6/1/1968	18.17 Points
3/1/1968	17.98 Points
12/1/1967	17.78 Points
9/1/1967	17.59 Points
6/1/1967	17.42 Points
3/1/1967	17.33 Points
12/1/1966	17.26 Points
9/1/1966	17.12 Points
6/1/1966	16.95 Points
3/1/1966	16.82 Points
12/1/1965	16.71 Points
9/1/1965	16.6 Points
6/1/1965	16.53 Points
3/1/1965	16.46 Points
12/1/1964	16.37 Points
9/1/1964	16.3 Points
6/1/1964	16.23 Points
3/1/1964	16.2 Points
12/1/1963	16.15 Points
9/1/1963	16.02 Points
6/1/1963	16 Points
3/1/1963	15.97 Points
12/1/1962	15.9 Points
9/1/1962	15.87 Points
6/1/1962	15.83 Points
3/1/1962	15.81 Points
12/1/1961	15.73 Points
9/1/1961	15.68 Points
6/1/1961	15.64 Points
3/1/1961	15.6 Points
12/1/1960	15.57 Points
9/1/1960	15.52 Points
6/1/1960	15.47 Points
3/1/1960	15.43 Points
12/1/1959	15.37 Points
9/1/1959	15.31 Points
6/1/1959	15.25 Points
3/1/1959	15.22 Points
12/1/1958	15.19 Points
9/1/1958	15.12 Points
6/1/1958	15.03 Points
3/1/1958	14.98 Points
12/1/1957	14.82 Points
9/1/1957	14.81 Points
6/1/1957	14.72 Points
3/1/1957	14.62 Points
12/1/1956	14.42 Points
9/1/1956	14.37 Points
6/1/1956	14.19 Points
3/1/1956	14.1 Points
12/1/1955	13.96 Points
9/1/1955	13.83 Points
6/1/1955	13.73 Points
3/1/1955	13.68 Points
12/1/1954	13.61 Points
9/1/1954	13.57 Points
6/1/1954	13.56 Points
3/1/1954	13.54 Points
12/1/1953	13.5 Points
9/1/1953	13.48 Points
6/1/1953	13.42 Points
3/1/1953	13.39 Points
12/1/1952	13.39 Points
9/1/1952	13.35 Points
6/1/1952	13.21 Points
3/1/1952	13.19 Points
12/1/1951	13.2 Points
9/1/1951	13.05 Points
6/1/1951	13.04 Points
3/1/1951	12.95 Points
12/1/1950	12.5 Points
9/1/1950	12.27 Points
6/1/1950	12.01 Points
3/1/1950	11.97 Points
12/1/1949	11.99 Points
9/1/1949	11.99 Points
6/1/1949	12.04 Points
3/1/1949	12.17 Points
12/1/1948	12.23 Points
9/1/1948	12.19 Points
6/1/1948	11.97 Points
3/1/1948	11.87 Points
12/1/1947	11.77 Points
9/1/1947	11.49 Points
6/1/1947	11.3 Points
3/1/1947	11.14 Points

...

Similar Macro Indicators to Gross Domestic Product (GDP) Deflator

Name	Current	Previous	Frequency
🇺🇸 Consumer Price Index (CPI)	315.49 points	315.66 points	Monthly
🇺🇸 Consumer Price Index for Housing and Utilities	335.056 points	334.087 points	Monthly
🇺🇸 Core Consumer Prices	322.66 points	321.67 points	Monthly
🇺🇸 Core CPI	2.4 %	2.3 %	Monthly
🇺🇸 Core Inflation Rate	3.4 %	3.6 %	Monthly
🇺🇸 Core Inflation Rate MoM	0.3 %	0.3 %	Monthly
🇺🇸 Core PCE Price Index	122.045 points	121.944 points	Monthly
🇺🇸 Core PCE Price Index Annual Change	2.6 %	2.8 %	Monthly
🇺🇸 Core PCE Price Index MoM	0.3 %	0.3 %	Monthly
🇺🇸 Core PCE Prices QoQ	2.1 %	2.8 %	Quarter
🇺🇸 Core Producer Prices	142 points	141.94 points	Monthly
🇺🇸 Core Producer Prices MoM	0 %	0.5 %	Monthly
🇺🇸 Core Producer Prices YoY	3.4 %	3.4 %	Monthly
🇺🇸 CPI Transport	268.45 points	269.724 points	Monthly
🇺🇸 Energy Inflation	-3.2 %	-4.9 %	Monthly
🇺🇸 Export Prices	148.4 points	147.2 points	Monthly
🇺🇸 Export Prices MoM	-0.6 %	0.6 %	Monthly
🇺🇸 Export Prices YoY	0.6 %	-1 %	Monthly
🇺🇸 Food Inflation	2.4 %	2.1 %	Monthly
🇺🇸 Import Prices	141.2 points	141.8 points	Monthly
🇺🇸 Import Prices MoM	0.1 %	0.1 %	Monthly
🇺🇸 Import Prices YoY	1.1 %	1.1 %	Monthly
🇺🇸 Inflation Expectations	3 %	2.9 %	Monthly
🇺🇸 Inflation Rate	3.3 %	3.4 %	Monthly
🇺🇸 Inflation Rate MoM	0.2 %	-0.1 %	Monthly
🇺🇸 Median-CPI	4.32 %	4.48 %	Monthly
🇺🇸 Michigan 5-Year Inflation Expectations	3 %	3 %	Monthly
🇺🇸 Michigan Inflation Expectations	3 %	3.3 %	Monthly
🇺🇸 PCE Price Index	123.096 points	123.106 points	Monthly
🇺🇸 PCE Price Index annual change	2.3 %	2.1 %	Monthly
🇺🇸 PCE Price Index Monthly Change	0 %	0.3 %	Monthly
🇺🇸 PCE Prices QoQ	1.5 %	2.5 %	Quarter
🇺🇸 PPI excluding Food, Energy, and Trade Services	131.634 points	131.532 points	Monthly
🇺🇸 PPI Excluding Food, Energy, and Trade Services MoM	0 %	0.4 %	Monthly
🇺🇸 PPI excluding Food, Energy, and Trade Services YoY	3.3 %	3.2 %	Monthly
🇺🇸 Producer Price Change	2.2 %	2.3 %	Monthly
🇺🇸 Producer Price Inflation MoM	-0.2 %	0.5 %	Monthly
🇺🇸 Producer prices	143.822 points	144.063 points	Monthly
🇺🇸 Rental inflation	4.7 %	4.9 %	Monthly
🇺🇸 Seasonally Adjusted Consumer Price Index	313.534 points	313.049 points	Monthly
🇺🇸 Service Inflation	4.9 %	5 %	Monthly
🇺🇸 Trimmed Mean of the Consumer Price Index	3.42 %	3.52 %	Monthly

The GDP Deflator gauges the change in prices of final goods and services, serving as a crucial indicator for inflationary pressures. It offers valuable insights into the prospective direction of monetary policy.

What is Gross Domestic Product (GDP) Deflator?

The Gross Domestic Product (GDP) Deflator is a pivotal concept in the realm of macroeconomics, serving as a comprehensive measure that reflects the changes in price levels of all goods and services produced within an economy. At Eulerpool, a premier platform for displaying macroeconomic data, we recognize the critical importance of the GDP Deflator for professionals, researchers, and economists who rely on precise and nuanced economic indicators to inform their analyses and decision-making processes. Understanding the GDP Deflator involves delving into its role as a price index that measures inflation or deflation within an economy. Unlike other inflation measures such as the Consumer Price Index (CPI) or the Producer Price Index (PPI), the GDP Deflator encompasses the full spectrum of goods and services in the economy, making it an all-encompassing gauge. It is derived by comparing nominal GDP, which represents the total value of goods and services at current prices, to real GDP, which is adjusted for price changes to reflect true economic output. The formula for the GDP Deflator is straightforward: (Nominal GDP / Real GDP) * 100. This calculation yields a percentage that indicates the change in the price level of goods and services from a base year. For example, a GDP Deflator of 120 suggests that the average price of goods and services has increased by 20% since the base year. One of the primary advantages of the GDP Deflator is its comprehensive scope. While the CPI focuses on a fixed basket of consumer goods and services, and the PPI concentrates on prices at the wholesale level, the GDP Deflator reflects price changes across the entire economy. This includes not just consumer goods but also investments, government spending, and exports minus imports. Consequently, the GDP Deflator provides a more holistic view of inflationary pressures within an economy. However, the broad nature of the GDP Deflator can also present challenges. Since it includes a wide array of goods and services, the deflator can be influenced by changes in the composition of GDP. For instance, a shift towards higher-priced goods or services can increase the GDP Deflator even if there is no underlying inflation. Despite this, the GDP Deflator remains an invaluable tool for assessing the overall price level within an economy, particularly when used in conjunction with other inflation measures. At Eulerpool, we curate and display GDP Deflator data with precision and clarity, ensuring that our users have access to up-to-date and accurate information. By tracking changes in the GDP Deflator over time, users can gain insights into broader economic trends, such as periods of inflation or deflation. This can be particularly useful for central banks and policymakers who need to gauge the effectiveness of monetary policy, as changes in the GDP Deflator can influence interest rate decisions and other policy measures. Furthermore, the GDP Deflator is instrumental in real GDP calculations, which are crucial for cross-country comparisons and understanding economic growth in real terms. By stripping out the effects of price changes, the GDP Deflator allows for a more accurate comparison of economic output over time and across different economies. This is particularly important for international investors and multinational corporations that need to assess the economic health of various countries and regions. Economists and analysts also use the GDP Deflator to understand the distribution of economic activity across different sectors. By examining sector-specific components of the GDP Deflator, one can identify areas of the economy experiencing the most significant price changes. This can provide valuable insights for investment decisions, resource allocation, and strategic planning. In recent years, advancements in data analytics and econometrics have further enhanced the utility of the GDP Deflator. At Eulerpool, we leverage these advancements to offer sophisticated analytical tools that allow users to dissect GDP Deflator data with greater granularity. By integrating our platform's capabilities, users can perform trend analyses, anomaly detection, and predictive modeling, all of which can provide a deeper understanding of economic dynamics. Moreover, the GDP Deflator can be a critical input for constructing economic projections and forecasts. By analyzing historical data and current trends, economists can use the GDP Deflator to predict future inflationary pressures and economic conditions. These forecasts are invaluable for businesses, governments, and financial institutions as they develop strategies to navigate an ever-changing economic landscape. In conclusion, the GDP Deflator is a fundamental metric within macroeconomics that offers a comprehensive measure of price level changes across an economy. Its broad scope and inclusive nature make it an essential tool for economic analysis, policy formulation, and strategic decision-making. At Eulerpool, we are committed to providing high-quality GDP Deflator data and analytical tools to support our users in their quest for economic insights and informed decision-making. By offering a reliable and sophisticated platform, we strive to empower professionals, researchers, and policymakers with the knowledge and resources they need to understand and respond to the nuances of economic dynamics.

Country

United States

Continent

America

Highest Value

125.51

Lowest Value

11.14

Average Value

52.58

All Macro Indicators for United States

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