Browse:  #  A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z 

Nominal GDP

Nominal GDP Definition

Nominal GDP is gross domestic product without being adjusted for inflation. Comparing nominal GDPs from year to year shows that the production of a country has grown or shrunk in a certain currency, but it does not reflect how the real production has changed. The GDP adjusted for inflation is called Real GDP. For example, if the nominal GDP has grown 10% and the inflation rate is 5%, the real GDP growth is 5%.




Submit a Definition



Ask a Question

Learn the famous formula for money-making, based upon the THIRTEEN PROVEN STEPS TO RICHES! Get your FREE Copy & Instant Access to Think and Grow Rich by Napoleon Hill just by signing up.
 
   
Newsletter cover
Browse:  #  A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z