Macroeconomics

GDP Deflator Calculator

Divide nominal GDP by real GDP and scale to 100 to find the GDP deflator, a broad measure of economy-wide prices.

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Nominal & real GDP

$
$

Enter nominal and real GDP to see the GDP deflator.

Worked example

With these example inputs:

  • Nominal GDP$22,000
  • Real GDP$20,000

GDP deflator: 110

  • As a percentage110.0%
  • If the first figure were 10% higher121

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Frequently asked questions

How is the GDP deflator calculated?

Divide nominal GDP by real GDP and multiply by 100. Nominal of 22,000 over real of 20,000 gives a deflator of 110.

What does the GDP deflator tell you?

It is a price index for all goods and services in the economy. A value of 110 means prices are 10% higher than in the base year, where the deflator equals 100.