How To Calculate

Learn how to calculate anything
Menu
  • bmi
Home
statistics
How to Calculate Real GDP.
statistics

How to Calculate Real GDP.

Rosemary Njeri

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.

It is often referred to as constant-price GDP, inflation-corrected GDP or constant dollar GDP.

Formula to calculate real GDP.

Calculate Real GDP.

The GDP deflator measures the changes in prices for all of the goods and services produced in an economy. The GDP deflator of the base year is always 100.

Nominal GDP is GDP evaluated at current market prices.

Example:

Calculate the real GDP of a country if its nominal GDP for 2019 was $5,000,000 and the GDP deflator for 2020 is 120.

How to Calculate Real GDP.

Thus, the country’s real GDP is $ 41666.67.

Share
Tweet
Reddit
Pinterest
Email
Prev Article
Next Article

Related Articles

Calculate Critical Value.
Critical values are essentially cut-off values that define regions where …

How to Calculate Critical Value.

Calculate Gini Coefficient.
Gini coefficient is a measure of statistical dispersion intended to …

How to Calculate Gini Coefficient.

Leave a Reply

Cancel reply

Popular Posts

  • How to Calculate Degrees of Unsaturation.
    January 6, 2021 0
  • How to Calculate Buoyant Force.
    January 6, 2021 0
  • How to Calculate Stairs.
    January 6, 2021 0

Categories

learntocalculate.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com.

How To Calculate

Learn how to calculate anything

Pages

  • About Us
  • Contact Us
  • Privacy Policy
Copyright © 2021 How To Calculate

Ad Blocker Detected

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by disabling your ad blocker.

Refresh