noun
nominal GDP
Economic term for gross domestic product measured at current market prices, without adjusting for inflation. Contrasts with 実質GDP (real GDP).
今年の名目GDPは過去最高を記録した。
This year's nominal GDP reached a record high.
Real GDP, adjusted for inflation. 名目GDP is the raw monetary value, while 実質GDP reflects actual output changes.
Compound of 名目 (めいもく, 'nominal') and the English abbreviation GDP (gross domestic product).