Finance

Real GDP Calculator

Convert nominal GDP to real GDP using the deflator.

Calculated Output

Real GDP ($) 20,000

Formula: real GDP = nominal ÷ deflator × 100

Step-by-Step Breakdown

1. Values used:

2. Nominal GDP = 22,000 $

3. GDP deflator = 110

5. Real GDP = 20,000$

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The math behind it

real GDP = nominal GDP ÷ GDP deflator × 100 (deflator is 100 in the base year).

22,000 ÷ 110 × 100 → 20,000.

Deflator?

A price index for all GDP, set to 100 in the base year.