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OFFICIAL PORTAL OF THE
MINISTRY OF INVESTMENT, TRADE AND INDUSTRY
Home- About MITI
- Transforming Industry
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- Overview
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- Chairman Statement of the 33rd ASEAN Summit
- Chairman Statement of the 34th ASEAN Summit
- Chairman Statement of the 35th ASEAN Summit
- Chairman Statement of the 36th ASEAN Summit
- Chairman Statement of the 37th ASEAN Summit
- Chairman Statement of the 38th and 39th ASEAN Summit
- ASEAN Economic Ministers' Meeting
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Nominal GDP
- Home
- 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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