Real Economic Growth Rate

(redirected from Real GDP Growth)

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.
Mentioned in ?
References in periodicals archive ?
The nowcast of the contribution of net exports to Q3 real GDP growth decreased from -0.26% to -0.33%.
Summary: New Delhi, Aug 31 (ANI): Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), Bibek Debroy said on Friday that the country's real GDP growth is expected to be between 6.5 and 7.0 in 2019-20 and several reform measures introduced by the government were meant to boost growth.
"We forecast the real GDP growth rate of Bulgaria in 2019 to reach 3.7%, accelerating compared to 2018.
Non-oil sector real GDP growth reached 1.5%, with large contributions from the hotels and restaurants sector, which recorded the fastest growth in all sectors of 8%, followed by the financial corporations and construction sectors, which expanded by 3.5% and 2.9% respectively.
By comparing Real GDP growth rates per employed person, the weakness of the current economic expansion becomes more visible.
Meanwhile, member of the Council of Economic Advisers (CEA) Tyler Goodspeed told journalists, as he was discussing the Economic Report of the President, that in 2017, the administration produced a forecast of real GDP growth during the four quarters of 2017 to come in at 2.3 percent.
Emerging economies are anticipated to see a steadier real GDP growth of 4.6 per cent in 2019 and 4.7 per cent in 2020, which is similar to a pace of 4.6 per cent 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.
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