What does GDP (Constant Prices) measure?
It measures the total value of all final goods and services produced within a country's borders during a given period, valued at the prices of a fixed base year so growth reflects real volume rather than inflation. The base year varies across countries.
How is GDP at constant prices different from GDP at current prices?
GDP at constant prices values output using a fixed base year, isolating real growth in volume, while GDP at current prices uses the prices of each period and therefore includes the effect of inflation.
How many countries and which frequencies and period are covered?
The indicator covers 26 countries in Latin America and the Caribbean at annual and quarterly frequency, spanning 1990 to 2026.
What units and transformations are available?
Values are available as an index (2023 = 100), in millions of domestic currency and seasonally adjusted, with quarter-over-quarter and year-over-year percentage changes (QoQ %, YoY %).
Where does the data come from?
Data are sourced from national statistical institutes such as INEGI - Mexico, INDEC - Argentina, the Departamento Administrativo Nacional de Estadística (DANE) - Colombia and the Instituto Nacional de Estadísticas (INE) de Chile, then standardized by the IDB.
How do I cite this indicator?
Cite it as: Inter-American Development Bank (IDB), Latin Macro Watch — "GDP (Constant Prices)". data.iadb.org/dataset/latin-macro-watch-dataset.
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