Achieving higher nominal GDP growth would be crucial in FY25 because the Centre is looking to narrow its fiscal deficit target to 5.1 percent of GDP in FY25 versus a revised estimate of 5.8 ...

Domenico Ferraro, PhD: “Nominal GDP is the total value of goods and services produced in a country expressed in units of domestic currency; US dollars in the United States. Real GDP is nominal ...

The consolidated federal and provincial fiscal operations data for fiscal year 2024-25 assumes nominal Gross Domestic Product (GDP) at 124,150 million rupees (defined as total market value of ...

An example would be cash payments to a housecleaner whose work is not declared. Nominal GDP is an assessment of economic production in an economy that includes current prices in its calculation.

GDP was slightly better at 6.2%, while full year GDP growth is pegged at 6.5% for FY25, as FY24 set growth record ...

The GDP deflator is an important measure used to convert nominal GDP (which includes inflation) into real GDP (which is adjusted for inflation). It reflects the overall price level changes in the ...

National accounts data released on February 28, 2025 by the National Statistical Office (NSO) provide two sets of information ...

The Cabinet Office announced on Feb. 15 that Japan’s nominal GDP, including the effects of commodity prices, increased 5.7 percent from the previous year to 591.4 trillion yen, but when ...

If the price of shoes, say, is 5 percent higher than a year ago and GDP registers a 5 percent increase in the value of shoe output, the nominal increase in the shoe component of GDP is an illusion, ...

said of Japan’s ranking. Nominal GDP reflects changes in prices, so Japan’s yen-denominated GDP increased, driven largely by rising prices. However, the depreciation of the yen outweighed this ...