Note: The translation for this entry is currently under quality review. Some content is temporarily displayed in English only.
real GDP
This term is a technical economic indicator used to distinguish actual growth in output from growth caused by price increases. It is almost exclusively used in formal academic, governmental, and financial contexts to provide a standardized measure of economic health over time.
Because it is a specific economic metric, it is treated as an uncountable noun. It does not have a plural form in standard usage, as it refers to a singular conceptual value for a given entity or period.
Meanings
The total market value of all final goods and services produced within a country's borders during a specific time period, adjusted for inflation or deflation to reflect the actual volume of production.
The country's real GDP grew by 2% last year, indicating a genuine increase in production despite rising prices.