Description
Real Gross Domestic Product (GDP) in US Dollars measures the value of all final goods and services produced within a country during a specific period, adjusted for inflation. This data is compiled by national and international statistical agencies. Real GDP is a key indicator of a country's overall economic health and is used to compare economic performance across different countries. A higher Real GDP suggests a growing economy, while a lower Real GDP may indicate economic troubles.
Real GDP is calculated by adjusting Nominal GDP for inflation using the GDP deflator. It includes the sum of consumption, investment, government spending, and net exports (exports minus imports).
Real GDP data is typically updated quarterly and annually, with preliminary estimates released shortly after the end of each period and revised estimates released in subsequent months.