Real GDP

(redirected from Real Gross Domestic Product)
Also found in: Dictionary, Thesaurus, Medical, Acronyms, Encyclopedia, Wikipedia.

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 ?
By contrast, when aggregate demand is inelastic, the changes of both real gross domestic product and the price level are larger with a resulting larger deficit in the balance of trade.
Using the quarterly data, the bivariate correlation between the combined ratio and the real gross domestic product was 0.
It is expected that the central bank could lower its forecast of real gross domestic product growth to between 0.
With respect to aggregate supply, there appears to be universal agreement that the long-run aggregate supply curve is vertical at the full-employment level of real gross domestic product.
With expanded private investment and moderate inflation, the government projects real gross domestic product (GDP) growth of 2.
This country signaled a strong cyclical upswing with a real Gross Domestic Product growth of 7.
The IMF's World Economic Outlook said Thursday the growth forecast for Japan's real gross domestic product (GDP) for 2001 has been revised down to 0.
He points out that real gross domestic product growth was only 1.
Real gross domestic product growth, led by exports, recorded a 5.
Although growth in real gross domestic product appears to have slowed in the spring, this slackening came on the heels of a dramatic surge in the opening months of the year; all indications are that the expansion remains well intact.
The report estimates that real Gross Domestic Product (GDP) will grow by about 2.
Command-Basis Real Gross Domestic Product and Gross National Product, Quantity Indexes [Index numbers, 2009=100] Seasonally adjusted Last Revised on: September 28, 2017 - Next Release Date October 27, 2017 Line 2015 2015 2015 I II III 1 Gross domestic product 113.