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Economy > Financial sector > Exchange rates and prices Stats: compare key data on Greece & Turkey

Definitions

  • GDP deflator > Base year varies by country: The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. The base year varies by country.
  • Inflation > Consumer prices > Annual %: Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used."
  • Inflation > GDP deflator > Annual %: Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.
  • Official exchange rate > LCU per US$ > Period average: Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).
  • Wholesale price index > 2005 = 100: Wholesale price index refers to a mix of agricultural and industrial goods at various stages of production and distribution, including import duties. The Laspeyres formula is generally used."
STAT Greece Turkey HISTORY
GDP deflator > Base year varies by country 130.64
Ranked 125th.
980.65
Ranked 14th. 8 times more than Greece

Inflation > Consumer prices > Annual % 1.21%
Ranked 113th.
6.25%
Ranked 44th. 5 times more than Greece

Inflation > GDP deflator > Annual % 1.3%
Ranked 101st.
5.15%
Ranked 46th. 4 times more than Greece

Official exchange rate > LCU per US$ > Period average $365.40
Ranked 37th. 281 times more than Turkey
$1.30
Ranked 138th.

Wholesale price index > 2005 = 100 115.84
Ranked 31st.
132.59
Ranked 17th. 14% more than Greece

SOURCES: World Bank national accounts data, and OECD National Accounts data files.; International Monetary Fund, International Financial Statistics and data files.; International Monetary Fund, International Financial Statistics.

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