National Gross Domestic Product (GDP) by Income and by Expenditure Accounts

Implicit GDP deflator of economy, index

Implicit GDP deflator refers to a price indexes that are a by-product of the deflation procedure and are obtained by dividing the value series (measured at current prices) by the volume series (measured at constant prices). Deflation is the process of eliminating price change from a specific time series.

Economy refers to the entire set of resident institutional units. It is divided into sectors that consists of groups of resident institutional units. An institutional unit is resident in a country when it has a centre of economic interest in the economic territory of that country. It is said to have a centre of economic interest when there exists some location - dwelling, place of production or other premises - within the economic territory on, or from, which it engages, and intends to continue to engage, in economic activities and transactions on a significant scale either indefinitely or over a finite period of time.

The data for this variable are reported using the following measurements:

• Index using the value of a base year made equal to 100
  Data tables

  • Natural resources satellite account, expenditure account Table: 388-0008