Real GDP


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Real GDP

Inflation-adjusted measure of Gross Domestic Product.

Real GDP

Gross domestic product after accounting for inflation. Comparing real GDP from year to year shows the amount an economy has grown or shrunk and how this actually affects the economy because they show how the buying power of money has been affected. Nominal GDP, on the other hand, does not account 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 ?
5% previously: "The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2018 is 2.
Summary: 
GeorgiaAeA@'s real GDP growth was 4.
It was significantly affected by a massive increase in Ireland's real GDP.
04% of total real GDP in Q3 2017, up from figures recorded in the corresponding period of 2016 and up from the preceding quarter, where it contributed 8.
This industry group contributed to real GDP growth in 260 metropolitan areas, most notably in Provo-Orem, UT, and in Seattle-Tacoma-Bellevue, WA, which had overall real GDP growth of 6.
The global economy started 2017 strong with real GDP growth gaining momentum and rising to 3.
UAE's real GDP growth will slow in 2017, owing to oil production cuts weighing down Abu Dhabi's economy, BMI Research has said in a recent report.
Summary: Economists expect non-hydrocarbon real GDP growth picking up pace in the second half of 2017
In December 2015, the 2nd Preliminary Estimate for Japan's real GDP growth rate for the third quarter of fiscal 2015 was announced to be an annualized 1.
For example, during the 1980s, the region's average quarterly real GDP growth rate was 0.
Second, we distinguish between "recovery" and "expansion," the former being an increase in real GDP from the trough to the previous peak level and the latter defined as an increase of real GDP beyond its previous peak.