nominal GDP


The determination of actual gross domestic product without taking into account other factors or variables such as inflation.

Use nominal GDP in a sentence

  • The nominal GDP carries great weight in countries who are not experiencing hyperinflation such as the USA, China, and the EU.

    3 people found this helpful
  • When you want to try and find out what your product is currently worth knowing the nominal GDP will give you a good answer.

    4 people found this helpful
  • Considering the value of all of the goods and services produced within that country, it has a great nominal GDP but its GDP is very poor due to inflation there.

    4 people found this helpful
Show more usage examples...

Related Videos

Have a question about nominal GDP? Ask for help in the
Browse by Letter: # 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