Nominal GDP

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Nominal GDP

Gross domestic product without or before accounting for inflation. Comparing nominal GDPs from year to year shows the amount an economy has grown or shrunk in dollar amounts, but does not show how the buying power of those dollars has been affected. Real GDP accounts for inflation. For example, if the nominal GDP has grown 10% and the inflation rate is 3%, the real GDP growth is 7%.
References in periodicals archive ?
government expenditures (EXPEND), expressed in nominal terms, are used as measures of fiscal policy, while the nominal gross domestic product (GDPN) is used to approximate the level of economic activity.
For instance, Allen Sinai, chief global economist at Lehman Brothers, has estimated that a reduction in capital gains taxation would raise real and nominal gross domestic product by increasing capital spending and capital formation and, thereby, boost future government revenues.
Key drivers were generally high saving rates and continued strong nominal gross domestic product growth in oil-rich countries, such as Saudi Arabia, Kuwait and the UAE.
The ratings agency said hydrocarbon revenues on an average constitute 46 per cent of nominal gross domestic product, or GDP, and three-quarters of total exports of the six GCC countries.
MANAMA: Bahraini small and medium enterprises (SMEs) contribute nearly 30 per cent of nominal gross domestic product and also provide jobs for nearly 73pc of private sector employees, a top minister has said yesterday.
The share of non-oil sector to Qatar's nominal gross domestic product, which was 42% at the end of 2012, is expected to rise to 48% by the end of 2014 and more than 50% by 2015.
7 percentage points of a 12-point gap between first-quarter growth in outstanding credit, and nominal gross domestic product.
The UAE's nominal gross domestic product is expected to gain nearly AED65 billion ($17.
Reports filtering through the official Oman News Agency (ONA) earlier in May, described a leap in the Arabian Gulf sultanateAAEs nominal gross domestic product (GDP) of
On the anticipated economic growth for 2012, majority of survey respondents expect the nominal gross domestic product (GDP) growth rate to be within 3 per cent to 5 per cent.
ASEM represents nearly 70 percent of global trade and over half of nominal gross domestic product in the world.
Even as GCC's nominal gross domestic product (GDP) continues to be correlated to oil price changes, investors somewhat underestimate the economic diversification achieved by them, Nomura said.