GDP Deflator

GDP Deflator is a measure used to adjust a country's Gross Domestic Product (GDP) for inflation, providing a more accurate representation of economic growth. It reflects the change in price levels of all domestically produced goods and services within an economy. Unlike the Consumer Price Index (CPI), which only considers a basket of goods, the GDP Deflator covers the entire economy. By comparing nominal GDP to real GDP, the GDP Deflator helps to isolate real growth from price changes, offering a clearer view of an economy's performance over time.