nominal GDP

Definition

The GDP in that year's prices. For example, the 1981 GDP in 1981 dollars. Thus nominal GDP does not account for inflation.

Use nominal GDP in a sentence

The nominal GDP was used to provide a useful picture of the financial situation during those times in the recent past.

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After doing some research on the nominal GDP of the past 15 years, we came to some surprising conclusions and released a report that was the subject of much talk.

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The Nominal GDP of a ticket to see the circus was eighty cents several decades ago, although eighty cents would have been a lot of money for someone to spend on something like the circus at the time.

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