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EXPLAINED | Nominal GDP vs Real GDP: What's the difference? Which is a better marker to understand economical health?
The Ministry of Statistics and Programme Implementation (MoSPI) last week released the economic growth data for the first quarter - covering months of April, May and June of the current financial year ...
We all use GDP growth as a proxy to gauge how fast the economy is growing. But, what exactly do we understand by GDP? Gross domestic Product (GDP) is the aggregate of all goods and services produced ...
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GCC economy 2024: Real and nominal GDP figures differ, but both agree, non-oil sectors dominate the share
The Gulf Cooperation Council (GCC) economies showed steady growth in 2024, with rising contributions from non-oil sectors offsetting a decline in oil output. Real GDP rose 3.3% in the fourth quarter, ...
The International Monetary Fund has just warned of slowing global economic growth in its latest analysis. Similar to this finding, a newly issued report reveals the world’s wealthiest countries by ...
“With its nominal GDP crossing $4.19 trillion, India has become the world’s fourth-largest economy. Yet, its GDP per capita tells a contrasting story, highlighting the gap between overall growth and ...
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