Real Economic Growth Rate

(redirected from Real Gross Domestic Product Growth Rates)

Real Economic Growth Rate

The change in a nation's GDP after accounting for inflation. The economic growth rate (or GDP growth) shows how much GDP has grown or shrunk in raw dollar amounts and may not be an accurate accounting of how well or poorly an economy is performing. The real economic growth rate adjusts for how much buying power has been affected and therefore provides a more accurate view. For example, if the economic growth rate is 10% and the inflation rate is 3%, the real economic growth rate is 7%. See also: Real GDP, Nominal GDP.
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In addition, emerging markets continue to boast relatively higher real gross domestic product growth rates versus their counterparts with developed economies.
China and Bangladesh will be the fastest-growing Asian economies in 2002 with real gross domestic product growth rates of 7.