Nominal GDP Growth Rate = ((Y2 – Y1) / Y1) * 100. In this equation, subtract Year 1’s nominal GDP (Y1) from Year 2’s nominal GDP (Y2). Divide the result by Year 1’s nominal GDP (Y1), and finally, ...

Real GDP Calculation. Calculating real GDP is a complex process typically best provided by the BEA. In general, you calculate real GDP by dividing nominal GDP by the GDP deflator (R).

In either case, the number is an estimate of "nominal GDP." Once adjusted to remove any effects due to inflation, "real GDP" is revealed. Calculating GDP Based on Spending ...

Gross Domestic Product (GDP) measures the total market value of all goods and services produced within a country’s borders over a specified time. GDP growth rate, on the other hand, is a percentage ...