Nominal GDP reflects the raw numbers in current dollars ... and understanding the overall health of an economy. The St. Louis ...

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 ...

The report continues that, “between 2009 and 2018, non resource GDP has been growing at a compounded average growth rate of +5.4% per year in nominal terms and +3.0% in real terms.” ...