Contact Us

If you still have questions or prefer to get help directly from an agent, please submit a request.
We’ll get back to you as soon as possible.

Please fill out the contact form below and we will reply as soon as possible.

  • Courses
  • Find a Job
  • Tutoring
  • Home
  • Economics, Finance, & Analytics
  • Economic Analysis & Monetary Policy

GDP Deflator

What is the GDP Inflator?

Written by Jason Gordon

Updated at March 27th, 2023

Contact Us

If you still have questions or prefer to get help directly from an agent, please submit a request.
We’ll get back to you as soon as possible.

Please fill out the contact form below and we will reply as soon as possible.

  • Marketing, Advertising, Sales & PR
    Principles of Marketing Sales Advertising Public Relations SEO, Social Media, Direct Marketing
  • Accounting, Taxation, and Reporting
    Managerial & Financial Accounting & Reporting Business Taxation
  • Professionalism & Career Development
  • Law, Transactions, & Risk Management
    Government, Legal System, Administrative Law, & Constitutional Law Legal Disputes - Civil & Criminal Law Agency Law HR, Employment, Labor, & Discrimination Business Entities, Corporate Governance & Ownership Business Transactions, Antitrust, & Securities Law Real Estate, Personal, & Intellectual Property Commercial Law: Contract, Payments, Security Interests, & Bankruptcy Consumer Protection Insurance & Risk Management Immigration Law Environmental Protection Law Inheritance, Estates, and Trusts
  • Business Management & Operations
    Operations, Project, & Supply Chain Management Strategy, Entrepreneurship, & Innovation Business Ethics & Social Responsibility Global Business, International Law & Relations Business Communications & Negotiation Management, Leadership, & Organizational Behavior
  • Economics, Finance, & Analytics
    Economic Analysis & Monetary Policy Research, Quantitative Analysis, & Decision Science Investments, Trading, and Financial Markets Banking, Lending, and Credit Industry Business Finance, Personal Finance, and Valuation Principles
  • Courses
+ More

What is the GDP Deflator?

GDP Deflator is a price index used to convert the stated level of GDP in an economy into real terms. This means that you are converting the current dollar value to the same dollar value at an earlier time period, so that you can compare the GDP level in dollars with the same purchasing power.

The formula for the DDP Price Deflator is as follows: 

GDP Price Deflator = (Nominal GDP ÷ Real GDP) × 100

Back to:ECONOMIC ANALYSIS & MONETARY POLICY

Related Topics

  • Macroeconomics
  • Macroeconomic Frameworks
  • Macroeconomic Policy Tools
  • Productivity Economics
  • One-Third Rule
  • Gross Domestic Product (GDP)
  • Durable and Non-Durable Goods
  • Weightless Economy
  • Intermediate and Final Goods or Services
  • Nominal GDP
  • Converting Nominal to Real GDP
  • GDP Inflator
  • Nominal GDP Price Index
  • Measuring GDP
  • Gross National Product
  • Net National Product
  • Factor Income
  • Gross National Income
  • Expenditure Method
  • The Problem of Double Counting GDP
  • Double Counting
  • Why is Tracking Real GDP Important? 
  • Convert Currencies with Exchange Rates
  • Convert GDP to a Common Currency
  • Per Capita GDP
  • GDP Per Capita
  • GDP as a Measure of Society Well-Being
  • Limitations of GDP as a Measure of the Standard of Living
gdp inflator economic growth gdp deflator price deflator price index

Was this article helpful?

Yes
No

Related Articles

  • Boom and Bust Cycle - Explained
  • Irrational Consumer Behavior - Economics
  • Cooperation in a Kinked Demand Curve
  • Lorenz Curve - Explained



©2011-2023. The Business Professor, LLC.
  • Privacy

  • Questions

Definition by Author

0
0
Expand