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 ?
Less emphasis is placed on industrial production and real sales, which mainly cover the manufacturing and goods-producing sectors, and unofficial estimates of monthly real GDP.
Output then surged in the second half of the decade, with current estimates showing real GDP rising at an average annual rate of 4.
Angus Maddison's (2001) historical estimates of annual real gross domestic product (GDP) per capita show that nearly all the economic growth in annual real GDP per capita that has ever occurred in the world occurred after 1820.
But why should stock prices and future real GDP growth be related?
To the extent Alan Greenspan's Fed has focused its conduct of monetary policy on preempting inflation, we have experienced the dividend of continuous real growth--8-2/3 years of real GDP growth.
The gap between nominal and real GDP growth rates approximates inflation, as measured by percentage changes in the GDP price index, which are shown in the bottom panel of Figure 1.
For 1998, most of the forecasts anticipate growth of real GDP within a range of 2 percent to 2 1/2 percent.
Poland, Albania, and the Czech Republic all registered real GDP growth in 1993, and their economies appear to be growing even faster this year--perhaps as high as 6 percent.
But, expansion slowed through December and real GDP is expected to rise by 2.
Additionally, the economy's growth rate has been spectacular, with Q111 real GDP growing 11% year-on-year (y-o-y) and the real GDP growth forecast for 2011 set at 7%.
ECONOMIC GROWTH was widespread across metropolitan areas in 2013; real GDP increased in 292 of the nation's 381 metropolitan areas (chart 1), according to the advance statistics from the Bureau of Economic Analysis (BEA).
ERC says its projections indicate a milder recession for 2014 compared to the contraction of real GDP by 4.