Unlike real GDP, nominal GDP uses current market prices and doesn't factor inflation into its calculation. Real GDP is a macroeconomic statistic that measures the value of the goods and services ...

And some of the products and services that are consumed are imported from abroad. The GDP calculation accounts for spending ...

Calculation of GDP, real and nominal, is hinged on what is referred to as Base Year. That is the year which prices are adopted to calculate the GDP figures in subsequent years. You therefore come ...

Gross domestic product, a measure of all the goods and services produced across the sprawling U.S. economy during the period, ...

Prostitution, drug peddling, other hidden activities to make GDP calculation - NBS The National Bureau of Statistics (NBS) has said prostitution, drug peddling, and other illegal and hidden ...

yesterday said that illegal and hidden activities like prostitution and drugs peddling will now be included in the calculation of the country’s Gross Domestic Product, GDP. Meanwhile ...

The new data were published Thursday by the Bureau of Economic Analysis in its report for gross domestic product for the ...

Lagos, Nigeria — Nigeria’s statistical agency on Thursday said it will add illegal and hidden economic activities while calculating the GDP of an African powerhouse where corruption and black ...