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 ?
There's a great deal to be said for using nominal GDP growth and inflation as indicators of the stance of monetary policy.
Table 3 presents trends for the 2000-2014 period and baseline projections for the 20142038 period for hours worked, labour productivity, real GDP, the GDP deflator and nominal GDP.
Oil and gas account for more than half of Qatar's nominal GDP and 90 per cent of export revenues.
Spin masters might dismiss this computation as comparing apples to oranges, but such a charge constitutes denial that the ratio of nominal debt to nominal GDP understates the wealth dilution caused by the government's ability to issue and repay debt in nominal dollars.
Demographics - data on Ghana population, households, businesses, nominal GDP, nominal GDP per Capita, consumer price inflation, exchange rates (local currency and US dollar)
While the central bank cannot eliminate uncertainty about future real GDP, it can in principle make the level of future nominal GDP (and hence the nominal income of an average household) perfectly predictable.
NOMINAL GDP GROWTH The nominal GDP growth in the first two quarters of the current year was robust though it showed moderating trend as expected due to flattening trend in crude production and prices.
The figures by the Kuwaiti-based Inter-Arab Investment Guarantee Corporation (IAIGC) showed Saudi Arabia remained the dominant Arab economy, with its nominal GDP standing at around $560.
Qatar's nominal GDP rose to QR628 billion ($172 billion) in 2011, which equals to 2.
It's called nominal GDP targeting, and the idea might seem too obvious to be profound: rather than pursue its twin mandates of limiting inflation and boosting employment, the Federal Reserve should focus on raising the nation's nominal gross domestic product (GDP), a broad measure of economic growth, to a target high enough to get the country moving again.
Most other macroeconomic indicators also suffered (Figure 36) with nominal GDP and fixed investment contracting.
9 billion in 2009, the country's nominal GDP is forecast to swell to nearly $239.