Macroeconomics

Nominal GDP

Definition

What is Nominal GDP?

Gross domestic product measured at current prices without adjusting for inflation.

Example in practice

Nominal GDP may rise even when real output is flat if prices increase.

Keep learning

The total market value of final goods and services produced within a country during a period.

Gross domestic product adjusted for changes in prices.

The percentage change in gross domestic product over a period.

A market environment in which investors favour higher-risk assets.

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