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OFFICIAL PORTAL OF THE
MINISTRY OF INVESTMENT, TRADE AND INDUSTRY
Home- About MITI
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Nominal GDP
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- Nominal GDP
Nominal GDP is Gross Domestic Products (GDP) evaluated at current market price, without the inflation adjustment. Nominal GDP is usually higher than real GDP because inflation is typically a positive number. Nominal GDP is used when comparing different quarters of output within the same year. The main difference between nominal and real values is that real values are adjusted for inflation, while nominal values are not
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