GDP Deflator
The GDP Deflator is an index that measures the change in the overall price level of all goods and services included in gross domestic product, calculated as the ratio of nominal GDP to real GDP. As a broad, economy-wide price gauge, it is widely used by economists and policymakers to track inflation and to convert nominal output into real terms. This indicator is part of the Latin Macro Watch dataset published by the Inter-American Development Bank (IDB), which compiles harmonized macroeconomic series for Latin America and the Caribbean.
Coverage
The series covers 24 countries across Latin America and the Caribbean at annual and quarterly frequency, spanning 1990–2026. Values are reported as an index and as an index rebased to 2023 = 100, with quarter-on-quarter (QoQ %) and year-on-year (YoY %) transformations available for comparison across periods.
Sources
Figures are drawn from national statistical agencies and central banks and, where noted, from IDB internal calculations based on official data. Representative sources include INDEC - Argentina, INEC - Panamá, Instituto Nacional de Estadística de Costa Rica, the Bahamas National Statistical Institute and the Barbados Statistical Service.
Metadata & use
| Format | CSV |
|---|---|
| Language | en |
| Country |
Argentina
Bahamas
Trinidad & Tobago
Belize
Costa Rica
Dominican Republic
Ecuador
Bolivia
Brazil
Chile
Colombia
El Salvador
Jamaica
Mexico
Nicaragua
Guatemala
Guyana
Haiti
Honduras
Panama
Uruguay
Venezuela
Barbados
Paraguay
Peru
Suriname
|
| Data notes |
What does the GDP Deflator measure?It measures the change in the overall price level of all goods and services included in gross domestic product, calculated as the ratio of nominal GDP to real GDP. It is a broad, economy-wide gauge of inflation. How many countries and which frequencies and period does it cover?The series covers 24 countries across Latin America and the Caribbean at annual and quarterly frequency, spanning 1990–2026. What units and transformations are available?Values are reported as an index and as an index rebased to 2023 = 100. Quarter-on-quarter (QoQ %) and year-on-year (YoY %) transformations are available. Where does the data come from?Data come from national statistical agencies and central banks, and from IDB internal calculations based on official data. Sources include INDEC - Argentina, INEC - Panamá, Instituto Nacional de Estadística de Costa Rica, the Bahamas National Statistical Institute and the Barbados Statistical Service. What is the GDP Deflator typically used for?It is used to measure economy-wide inflation, to deflate nominal GDP into real GDP, and to compare price dynamics across countries and over time in macroeconomic research and policy analysis. How do I cite this indicator?Cite it as: Inter-American Development Bank (IDB), Latin Macro Watch — "GDP Deflator". data.iadb.org/dataset/latin-macro-watch-dataset. |