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January 24th, 2014, 12:47 PM   #1
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Using deflator (anual %)

Hello,
I'm working on a hobby project to compare countries GDP...
I have the following data:
nominal GDP for a given country
Inflation, GDP deflator (annual %)

I downloaded (annual %) GDP deflator and nominal GDP data from worldbank website and it's data looks like this:
GDP nominal
year 2000: 7.305.600.000.000,00
year 2001: 8.943.600.000.000,00 ...

deflator (anual %)
year 2000: 37,69809557
year 2001: 16,48952798...

My problem here is I don't know how to use deflator values to calculate real GDP.
How do calculate real GDP for year 2001 in this case?
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January 24th, 2014, 06:57 PM   #2
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Re: Using deflator (anual %)

Never mind, I just figured out...
There is a deflator table on worldbank not by percentage of inflation.
to use percentage as from my example above is much complicated, but that's solved now
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