GDP Deflator — Value US$, 2015 prices in Northern Europe
Northern Europe: GDP Deflator — Value US$, 2015 prices was 112.72 USD in 2024. ▲ Rising
GDP Deflator — Value US$, 2015 prices in Northern Europe, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in USD.
Analysis
In 2024, gdp deflator — value us$, 2015 prices in Northern Europe stood at 112.72 USD. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 4.8% on the previous year and up 0.5% over ten years.
Over the whole period, gdp deflator — value us$, 2015 prices in Northern Europe peaked at 112.72 USD in 2024 and was at its lowest, 13.23 USD, in 1970.
That places Northern Europe 15th out of 25 groups with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
GDP Deflator — Value US$, 2015 prices in Northern Europe, year by year
| Year | USD | Change |
|---|---|---|
| 1970 | 13.23 USD | — |
| 1971 | 14.4 USD | +8.9% |
| 1972 | 16.08 USD | +11.6% |
| 1973 | 17.98 USD | +11.8% |
| 1974 | 20 USD | +11.2% |
| 1975 | 23.89 USD | +19.4% |
| 1976 | 23.57 USD | -1.3% |
| 1977 | 25.7 USD | +9.0% |
| 1978 | 30 USD | +16.8% |
| 1979 | 36.11 USD | +20.3% |
| 1980 | 44.46 USD | +23.1% |
| 1981 | 42.18 USD | -5.1% |
| 1982 | 39.34 USD | -6.7% |
| 1983 | 36.22 USD | -8.0% |
| 1984 | 34.09 USD | -5.9% |
| 1985 | 34.66 USD | +1.7% |
| 1986 | 42.42 USD | +22.4% |
| 1987 | 50.09 USD | +18.1% |
| 1988 | 56.53 USD | +12.9% |
| 1989 | 56.47 USD | -0.1% |
| 1990 | 66.35 USD | +17.5% |
| 1991 | 68.09 USD | +2.6% |
| 1992 | 70.15 USD | +3.0% |
| 1993 | 60.64 USD | -13.6% |
| 1994 | 62.86 USD | +3.7% |
| 1995 | 72.23 USD | +14.9% |
| 1996 | 74.08 USD | +2.6% |
| 1997 | 73.8 USD | -0.4% |
| 1998 | 74.41 USD | +0.8% |
| 1999 | 73.61 USD | -1.1% |
| 2000 | 69.15 USD | -6.1% |
| 2001 | 66.98 USD | -3.1% |
| 2002 | 71.76 USD | +7.1% |
| 2003 | 82.33 USD | +14.7% |
| 2004 | 93.51 USD | +13.6% |
| 2005 | 96.15 USD | +2.8% |
| 2006 | 100.17 USD | +4.2% |
| 2007 | 111.86 USD | +11.7% |
| 2008 | 112.51 USD | +0.6% |
| 2009 | 98.97 USD | -12.0% |
| 2010 | 100.23 USD | +1.3% |
| 2011 | 108.1 USD | +7.9% |
| 2012 | 106.56 USD | -1.4% |
| 2013 | 109 USD | +2.3% |
| 2014 | 112.15 USD | +2.9% |
| 2015 | 100 USD | -10.8% |
| 2016 | 93.57 USD | -6.4% |
| 2017 | 93.43 USD | -0.1% |
| 2018 | 98.55 USD | +5.5% |
| 2019 | 95.21 USD | -3.4% |
| 2020 | 98.76 USD | +3.7% |
| 2021 | 107.85 USD | +9.2% |
| 2022 | 103.62 USD | -3.9% |
| 2023 | 107.56 USD | +3.8% |
| 2024 | 112.72 USD | +4.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 22.1 USD | 13.23 USD | 36.11 USD | 10 |
| 1980s | 43.65 USD | 34.09 USD | 56.53 USD | 10 |
| 1990s | 69.62 USD | 60.64 USD | 74.41 USD | 10 |
| 2000s | 90.34 USD | 66.98 USD | 112.51 USD | 10 |
| 2010s | 101.68 USD | 93.43 USD | 112.15 USD | 10 |
| 2020s | 106.1 USD | 98.76 USD | 112.72 USD | 5 |
Countries ranked near Northern Europe
More economy & growth data for Northern Europe
- Gross Domestic Product — Value US$ per capita, 2015 prices 51,132 USD (2024)
- Gross Fixed Capital Formation — Annual growth US$ 1.13 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 19.37 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 18.92 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 1.08 million million USD (2024)
- Gross Domestic Product — Value US$ 6.26 million million USD (2024)
- Gross Domestic Product — Value US$ per capita 57,638 USD (2024)
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices 110.1 USD (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 1.29 % (2024)
- Gross Domestic Product — Value US$, 2015 prices 5.56 million million USD (2024)
Frequently asked questions
- What is gdp deflator — value us$, 2015 prices in Northern Europe?
- Gdp deflator — value us$, 2015 prices in Northern Europe was 112.72 USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gdp deflator — value us$, 2015 prices recorded in Northern Europe?
- The highest recorded value was 112.72 USD in 2024.
- What is the lowest gdp deflator — value us$, 2015 prices recorded in Northern Europe?
- The lowest recorded value was 13.23 USD in 1970.
- How does Northern Europe rank for gdp deflator — value us$, 2015 prices?
- Northern Europe ranks 15th out of 25 groups with data for 2024.
- Is gdp deflator — value us$, 2015 prices rising or falling in Northern Europe?
- Over the last ten years it is up 0.5%. The long-run trend across the full record is rising.
- Where does this Northern Europe data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of GDP Deflator — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Deflators database provides the following selection of price deflator series by country and at regional level: Gross Domestic Product deflator, Gross Fixed Capital Formation deflator, Manufacturing Value-Added deflator, and Agriculture, Forestry, Fishery Valued-Added deflator. 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 Gross Domestic Product deflator, the implicit Gross Fixed Capital Formation 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).