A GDP Deflator (or GDP Price Index) measures the changes in prices for all the goods and services produced in an economy that is a measure of inflation in the prices of goods and services produced in a country over a particular period of time including exports. The GDP Deflator provides insights into the impact of price changes on the nominal GDP and allows for meaningful comparisons of economic performance across different time periods that can be used by some firms to adjust payments in contracts. GDP Price Deflator = (Nominal GDP / Real GDP) × 100 (Refer to the Implicit Price Index)
Related Definitions in the Project: The Economic Reviews; Project Controls
