Deflators data for Republic of North Macedonia
Deflators: The FAOSTAT Deflators database provides the following selection of implicit price deflator series by country and at regional level: Gross Domestic Product (GDP) deflator, Gross Fixed Capital Formation (GFCF) deflator, Agriculture, Forestry, Fishery Value-Added (VA_AFF) deflator, and Manufacturing Valued-Added (VA_MAN) deflator.A deflator is a figure expressing the change in prices over a period of time for a product or a basket of products by comparing a reference period to a base period. It is obtained by dividing a current price value of a given aggregate by its real counterpart. When calculated from the major national accounting aggregates such as GDP or agriculture value added, implicit price deflators pertains to wider ranges of goods and services in the economy than that represented by any of the individual price indexes (such as CPIs, PPIs). Movements in an implicit price deflator reflect both changes in price and changes in the composition of the aggregate for which the deflator is calculated.In the FAOSTAT Deflators database, all series are derived from the United Nations Statistics Division (UNSD) National Accounts Analysis of Main Aggregates database (UNSD AMA). In particular, the implicit GDP deflator, the implicit GFCF deflator, the implicit value added deflator of Agriculture, Forestry, Fishery and the implicit value added deflator of Manufacturing are obtained by dividing the series in current prices by those in constant 2015 prices (base year).