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 ...

Trade was a drag on growth in the period, with imports, which subtract from the GDP calculation, off 0.8%. Exports also declined 0.8%. Gross private domestic investment slumped by 5.6% ...

and other illegal and hidden activities will be included in the calculation of the country's Gross Domestic Product (GDP). NBS made this known during a sensitisation workshop on GDP and Consumer ...

U.S. real Gross Domestic Product increased 2.3% at an annual rate in the fourth quarter of 2024, according to a Thursday ...

It’s worth noting that imports, which are subtracted from the GDP calculation, were revised downward. The growth in real GDP during the first quarter can be attributed to several factors.

The Director-General of the Manufacturers Association of Nigeria, Mr. Segun Ajayi-Kadir, has advised the Nigerian government against using the rebasing ...

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 ...