Real gross domestic product (GDP) is an inflation-adjusted measure that reflects the value of all goods and services produced by an economy in a given year. Real GDP is expressed in base-year...
Real gross domestic product (GDP) is a measurement of economic output that accounts for the effects of inflation or deflation. It provides a more realistic assessment of growth than nominal GDP. Without real GDP, it could seem like a country is producing more when it's only that prices have gone up.
Real gross domestic product (real GDP) is a cornerstone metric used to assess the health of an economy. It measures the total market value of all goods and services produced in a country, adjusted for inflation to provide a clearer picture of actual economic growth.