gross domestic product

(redirected from Nominal GDP)
Also found in: Dictionary, Thesaurus, Financial.

gross domestic product:

see gross national productgross national product
(GNP), in economics, a quantitative measure of a nation's total economic activity, generally assessed yearly or quarterly. In estimating the GNP, only the final value of a product is counted (e.g., automobiles, but not the steel that they contain).
..... Click the link for more information.
.

gross domestic product

the total value of all goods and services produced domestically by a nation during a year. It is equivalent to gross national product minus net investment incomes from foreign nations
References in periodicals archive ?
Ultimately, it appears, one can check to see if an economy has a stable monetary background only by looking at macroeconomic indicators such as nominal GDP growth and inflation [Bernanke 2003].
As Korea is unlikely to resume the high economic growth of the past, the ministry judged that it is important to implement a macro policy mix to achieve reasonable nominal GDP growth (around 5 percent).
All the assumptions underlying our baseline estimates of real and nominal GDP growth are summarized in Table 2.
Global nominal GDP has contracted in only five years since 1981, and in three of those years by less than one per cent.
In the corresponding quarter of 2013, nominal GDP was estimated at 19.
According to S&P analysts, on average, hydrocarbon revenues constitute 46 per cent of nominal GDP and three-quarters of total exports of the six GCC countries with dependence on hydrocarbon revenues appears to be increasing.
However, nominal wealth or nominal GDP overstates real economic strength.
Demographics - data on Colombia population, households, businesses, nominal GDP, nominal GDP per Capita, consumer price inflation, exchange rates (local currency and US dollar)
8226; Demographics - data on India population, households, businesses, nominal GDP, nominal GDP per Capita, consumer price inflation, exchange rates (local currency and US dollar)
Demographics - data on Asia-Pacific population, households, businesses, nominal GDP, nominal GDP per Capita, consumer price inflation, exchange rates (local currency and US dollar)
Demographics - Statistical data on Ghana population, households, businesses, nominal GDP, nominal GDP per Capita, consumer price inflation, exchange rates (local currency and US dollar)
This paper shows that when debt contracts are written in terms of money, a monetary policy of nominal GDP targeting improves the functioning of financial markets.