Real Economic Growth Rate

(redirected from Real Gross Domestic Product Growth Rate)

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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The IMF projects Myanmar's real gross domestic product growth rate will be 5.
Summary: CAIRO: EFG Hermes updated Tuesday its 2011 forecast of the MENA region's real gross domestic product growth rate, revising it downwards due to the ongoing political and security turmoil in many Arab states.
In another reminder of the economic situation, domestic news reports surfaced that the Japanese government plans to revise downward its projected real gross domestic product growth rate for fiscal 2009 to a contraction of around 3 percent to reflect the global economic downturn.
Although Africa has enjoyed high growth rates in recent years (the overall real gross domestic product growth rate was 5.
In addition, emerging markets continue to boast relatively higher real gross domestic product growth rates versus their counterparts with developed economies.