National Accounts: National Accounts Deflators: Gross Domestic Product: GDP Deflator for Russia
Annual
RUSGDPDEFAISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.96
Year-over-Year Change
121.27%
Date Range
1/1/2003 - 1/1/2020
Summary
The Annual Gross Domestic Product (GDP) Deflator for Russia measures the rate of change in the prices of all goods and services produced within the Russian economy on an annual basis. This key indicator is used by economists and policymakers to assess overall price changes and real economic growth.
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 GDP Deflator is a comprehensive measure of inflation, tracking changes in the prices of all final goods and services produced in the Russian economy. It is considered a more broad-based indicator than the Consumer Price Index (CPI), as it includes not just consumer purchases but also government and investment spending.
Methodology
The GDP Deflator is calculated by dividing nominal GDP by real GDP and multiplying by 100.
Historical Context
The GDP Deflator is a crucial metric for monitoring Russia's economic performance and informing monetary and fiscal policy decisions.
Key Facts
- The GDP Deflator has a base year of 2015.
- Russia's GDP Deflator reached a high of 118.4 in 2022.
- The GDP Deflator is published annually by the U.S. Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The Annual Gross Domestic Product (GDP) Deflator for Russia measures the overall rate of change in prices for all goods and services produced within the Russian economy.
Q: Why is this trend relevant for users or analysts?
A: The GDP Deflator is a key indicator used by economists and policymakers to assess Russia's economic performance and inflationary pressures, informing monetary and fiscal policy decisions.
Q: How is this data collected or calculated?
A: The GDP Deflator is calculated by dividing nominal GDP by real GDP and multiplying by 100.
Q: How is this trend used in economic policy?
A: The GDP Deflator is a crucial metric for monitoring Russia's economic growth and inflation, providing important context for policymakers and financial markets.
Q: Are there update delays or limitations?
A: The GDP Deflator data is published annually by the U.S. Federal Reserve, with a delay of several months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual Gross Domestic Product (GDP) Deflator for Russia (RUSGDPDEFAISMEI), retrieved from FRED.