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 ?
The Department of Commerce said in its report that the increase in real GDP in the second quarter "reflected positive contributions from personal consumption expenditures (PCE), federal government spending, and state and local government spending." It added "the deceleration in real GDP in the second quarter reflected downturns in inventory investment, exports, and nonresidential fixed investment." It indicated that "for the period of expansion from the second quarter of 2009 to the first quarter of 2019, real GDP increased at an annual rate of 2.3 percent." Meanwhile, US President Donald Trump tweeted "Q2 GDP Up 2.1 percent Not bad considering we have the very heavy weight of the Federal Reserve anchor wrapped around our neck.
Real GDP rose in 49 states and the District of Columbia, falling only in Alaska.
Real GDP under the current standard can only be traced back to 1980.
Atlanta Fed's Q1 GDPNow estimate was lifted again to 2.1%, well above the 1.4% Blue Chip consensus: "The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2019 is 2.1 percent on April 2, unchanged from April 1.
The real GDP in advanced economies is estimated to grow by 2.0 per cent in 2019 and 1.7 per cent in 2020, a decline from 2.3 per cent growth in 2018.
The oil sector of the economy experienced a real GDP growth rate of -1.62 per cent in Q4 of 2018.
Summary: Driven by an uptick in investment flows and private consumption, the UAE economy is expected to record an average annual real GDP growth of 3.8% between 2019 and 2023, according to the Dubai Chamber of Commerce and Industry.
(Such references are in calendar years or quarters unless this report specifies otherwise.) In the first quarter of 2019, the level of real GDP is estimated to be $8 billion lower than it would have beenan effect reflecting both the five-week partial shutdown and the resumption in economic activity once funding resumed.
The UAE is forecast to achieve an average real GDP growth rate of 3.8% between 2019 and 2023, supported by an increase in investment flows and private consumption, according to new analysis from Dubai Chamber of Commerce and Industry.
Real GDP growth, at constant###3.1###3.8###2.3###2###2.5###3.2
Summary: Real GDP growth projected to accelerate to 4.4% in the fourth quarter
Qatar's prudent fiscal policy, healthy financial system and accelerated structural reforms have come in for praise from the International Monetary Fund yet again, which projects real GDP growth of 2.4% for the country this year.