The Gros domestic product Deflator is a price index of the gross domestic product (GROS DOMESTIC PRODUCT), which can be calculated as so-called implicit price index as quotient by nominal (in respective prices) and material (price-settled) GROS DOMESTIC PRODUCT:

\ mathrm {GROS DOMESTIC PRODUCT} _ {\ rm Deflator} = \ frac {\ mathrm {GROS DOMESTIC PRODUCT} _ {\ rm nominally}} {\ mathrm {GROS DOMESTIC PRODUCT} _ {\ rm material}}

The change rate of the Gros domestic product Deflators is a price change rate. There are still different Deflatoren, for example that of the private consumption or the export.

A goal

It is a measure for the price level. By the Gros domestic product Deflator one can recognize among other things, which portion has pure at the economic growth (in respective prices, thus at the nominal growth GROS DOMESTIC PRODUCT) of a regarded period.

Example

The nominal GROS DOMESTIC PRODUCT of Germany was indicated by the StBA in the "“preliminary report 2003"” for 2003 as 2129,20 billion "€. In prices of 1995 the GROS DOMESTIC PRODUCT amounted to 1987.70 billion "€. The Gros domestic product Deflator is calculated thus as follows:

\ mathrm {GROS DOMESTIC PRODUCT} _ {\ rm Deflator} = \ frac {\ mathrm {GROS DOMESTIC PRODUCT} _ {\ rm nominally}} {\ mathrm {GROS DOMESTIC PRODUCT} _ {\ rm material}} = \ frac {2129.20 billion euro} {1987.70 billion euro} = 1,071

Usually this value is multiplied by 100: 107,1. For the base year, here 1995, result then a value of 100,0.

In the meantime with introduction of the chain indices the StBA proceeds somewhat differently. The time series for the GROS DOMESTIC PRODUCT in respective prices are expressed as measured data (at present concerning the yearly 2000 equal 100). With the help of the chain indices the GROS DOMESTIC PRODUCT is determined in addition as a price-settled set of measured data (likewise 2000=100). The quotient from measured data for the nominal GROS DOMESTIC PRODUCT and the appropriate price-settled measured data of the gros domestic product is then the implicit price index or the Gros domestic product Deflator.

\ mathrm {GROS DOMESTIC PRODUCT} _ {\ rm Deflator} = \ frac {\ mathrm {gros domestic product measured data (2000=100)}_ {\ rm in respective prices}} {\ mathrm {gros domestic product measured data (2000=100)}_ price-settles {\ rm}}

Articles in category "Gros domestic product Deflator"

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