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curiousgeorge
curiousgeorge
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I previously believed GDP typically refers to nominal and real GDP is specified explicitly. However, in data sources like thisthis, does it refer to Real GDP growth or Nominal GDP growth? Real GDP growth seems to be the more useful figure which makes me reconsider what GDP refers to by default.

Edit: Apologies I originally posted the wrong link. The link is now updated to the world bank data source.

I previously believed GDP typically refers to nominal and real GDP is specified explicitly. However, in data sources like this, does it refer to Real GDP growth or Nominal GDP growth? Real GDP growth seems to be the more useful figure which makes me reconsider what GDP refers to by default.

I previously believed GDP typically refers to nominal and real GDP is specified explicitly. However, in data sources like this, does it refer to Real GDP growth or Nominal GDP growth? Real GDP growth seems to be the more useful figure which makes me reconsider what GDP refers to by default.

Edit: Apologies I originally posted the wrong link. The link is now updated to the world bank data source.

Source Link
curiousgeorge
curiousgeorge
  • 191
  • 6

Does GDP typically refer to Real GDP or Nominal GDP?

I previously believed GDP typically refers to nominal and real GDP is specified explicitly. However, in data sources like this, does it refer to Real GDP growth or Nominal GDP growth? Real GDP growth seems to be the more useful figure which makes me reconsider what GDP refers to by default.