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).
This year's nominal economic growth rate is forecast to be 3%.
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.