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Real gross domestic product (real GDP) is a macroeconomic measure of the value of economic output adjusted for price changes (i.e. inflation or deflation). [1] This adjustment transforms the money-value measure, nominal GDP , into an index for quantity of total output.
It has one indicator: Indicator 8.2.1 is the "Annual growth rate of real GDP per employed person". [11] A large portion of North America (Canada and the United States) had an average 0.5% increase in GDP per employed person, but overall, the continent had an approximate -0.53% decrease in productivity.
Real GDP grew nearly 3% during President Bush's first term but only 0.5% during his second. During the Clinton administration, the GDP growth was close to 4%, slightly faster than the Reagan administration. [122] Real GDP rose from $14.4 trillion in Q1 2009 to $16.8 trillion in Q4 2016, a cumulative increase of $2.4 trillion or 16.6%. [123]
Real (inflation-adjusted) GDP, a key measure of economic growth, is expected to increase 3.3% in 2018 and 2.4% in 2019, versus 2.6% in 2017. It is projected to average 1.7% from 2020 to 2026 and 1.8% in 2027–2028. Over 2017–2027, real GDP is expected to grow 2.0% on average under the April 2018 baseline, versus 1.9% under the June 2017 ...
Gross domestic product (GDP) is a monetary measure of the market value [2] of all the final goods and services produced and rendered in a specific time period by a country [3] or countries. [ 4 ] [ 5 ] [ 6 ] GDP is often used to measure the economic health of a country or region. [ 3 ]
GDP is a measure of all the economic activity of companies, governments and people in a country. In the UK, new GDP figures are published every month. However, quarterly figures - covering three ...
The economic growth rate is typically calculated as real Gross domestic product (GDP) growth rate, real GDP per capita growth rate or GNI per capita growth. The "rate" of economic growth refers to the geometric annual rate of growth in GDP or GDP per capita between the first and the last year over a period of time. This growth rate represents ...
Despite fears of a recession, incoming data continues to point to an economy that's growing. US economy beats back 'dubious' recession fears after GDP, jobs data top expectations [Video] Skip to ...