D
Dicread
HomeDictionaryNnominal GDP

Note: The translation for this entry is currently under quality review. Some content is temporarily displayed in English only.

nominal GDP

nominal GDP
Danh từ

This term is a technical economic indicator used to measure the size of an economy at current market prices. It provides a snapshot of total spending but can be misleading when comparing different time periods because it does not account for inflation. A rise in nominal GDP may reflect an actual increase in production or simply a rise in the price level.

To obtain a more accurate measure of economic growth, economists compare nominal GDP with real GDP, which adjusts for inflation using a price deflator. In professional financial reporting and academic economics, this term is used strictly to describe unadjusted market value.

Ý nghĩa

Danh từnominal GDP

The total market value of all final goods and services produced within a country's borders during a specific time period, calculated using current market prices without adjusting for inflation.

The country's nominal GDP grew by 3 percent last year, although much of that was due to rising prices.

Từ liên quan

economyinflationdeflationprice indexconsumer price indexcurrencymarket valueproductionoutputgross domestic productnational incomeeconomic growthpurchasing powerpurchasing power parityfiscal yearmacroeconomicsmonetary policyfiscal policyaggregate demandaggregate supplyconsumptioninvestmenttrade balancecurrent accounthyperinflationstagnationrecessiondepressionboomprosperitystandard of livingper capitawealthrevenueexpenditurevaluationmarket priceadjustmentindexationeconomic indicatorstatisticseconometricscentral bankinterest ratemoney supplyliquidityproductivityservice sectoragriculturemanufacturingtradecommercefinancecapitallaborresourcecommodityexchange ratedevaluationrevaluationbudget deficitsurplustaxationsubsidyequilibriumvolatilityforecasttrendgrowth rate
Last Updated: July 15, 2026Report an Error