National Accounts: National Accounts Deflators: Gross Domestic Product: GDP Deflator for Portugal
Annual
PRTGDPDEFAISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.74
Year-over-Year Change
21.83%
Date Range
1/1/1995 - 1/1/2022
Summary
The Annual GDP Deflator measures the rate of change in the overall price level of the economy. It's a key indicator of inflation and used by policymakers to assess economic performance.
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 Annual GDP Deflator, also known as the Implicit Price Deflator, tracks changes in the prices of all goods and services produced in the economy. It's a comprehensive inflation measure that accounts for shifts in consumer and investment spending.
Methodology
The GDP Deflator is calculated by the U.S. Bureau of Economic Analysis as the ratio of nominal to real GDP.
Historical Context
The Annual GDP Deflator is closely monitored by the Federal Reserve and other policymakers to guide monetary and fiscal policy decisions.
Key Facts
- The GDP Deflator covers a broader set of prices than the Consumer Price Index (CPI).
- The Deflator incorporates changes in the mix of goods and services produced in the economy.
- Policymakers use the Deflator to assess the 'true' rate of inflation beyond just consumer prices.
FAQs
Q: What does this economic trend measure?
A: The Annual GDP Deflator tracks changes in the overall price level of all goods and services produced in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The GDP Deflator is a comprehensive inflation measure used by policymakers, economists, and analysts to evaluate economic performance and guide policy decisions.
Q: How is this data collected or calculated?
A: The GDP Deflator is calculated by the U.S. Bureau of Economic Analysis as the ratio of nominal to real GDP.
Q: How is this trend used in economic policy?
A: The Annual GDP Deflator is closely monitored by the Federal Reserve and other policymakers to assess inflationary pressures and guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The GDP Deflator data is published quarterly by the Bureau of Economic Analysis, with a typical release lag of about a month.
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Citation
U.S. Federal Reserve, Annual GDP Deflator (PRTGDPDEFAISMEI), retrieved from FRED.