Real GDP is calculated by dividing nominal GDP by a GDP deflator. Unlike real GDP, nominal GDP uses current market prices and doesn't factor inflation into its calculation. Real GDP is a ...

Nominal GDP: This measures GDP at current market prices, without adjusting for inflation. It can sometimes exaggerate growth because it includes rising prices. For example, if grocery prices increase, ...

Gross Domestic Product measures the quantum of economic activities in a country, in monetary terms, over some time, usually one year. Real GDP eliminates the impact of inflation by applying a deflator ...

3. What is the largest economy in Asia? The largest economy in Asia is China, with a nominal GDP of over $18,270 billion in 2025. Japan and India rank next to China in Asia's GDP rankings.

Most economists say the nominal GDP growth in FY26 is seen picking up mainly due to rise in inflation, rather than real GDP ...

Chief Economic Adviser V Anantha Nageswaran says global conditions will influence GDP growth in some years positively, and in ...

The Indian economy fell short of expectations in FY25. The Budget had aimed for 10.5% nominal growth, but data released on ...

The International Monetary Fund (IMF) estimated Korea's per capita GDP for 2024 to be $36,132 last October, which is a ...