Economy
Nominal GDP
Definition
GDP measured at current market prices without adjusting for inflation. Expressed in a common currency (usually US dollars) for international comparison.
Explanation
Nominal GDP reflects both changes in real output and changes in prices. When comparing countries, nominal GDP in US dollars is affected by exchange rate movements — a country's GDP can shrink in dollar terms even while its domestic economy grows, simply because its currency weakened. Despite this limitation, nominal GDP is the standard measure for comparing the size of national economies.
See Current Data
Explore nominal gdp data for all 218 countries with interactive charts and historical trends.
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