noun
nominal economic growth rate
Economic term referring to the growth rate of GDP or other economic indicators without adjusting for inflation. Contrasts with 実質経済成長率 (real economic growth rate).
今年の名目経済成長率は3%と予測されている。
This year's nominal economic growth rate is forecast to be 3%.
名目経済成長率が実質成長率を上回る場合、インフレが起きている可能性がある。
When the nominal economic growth rate exceeds the real growth rate, inflation may be occurring.
Compound of 名目 (nominal) + 経済 (economy) + 成長 (growth) + 率 (rate). A technical term formed from Sino-Japanese elements.