There are two ways to calculate the real economic growth rate. Real GDP can be calculated by taking the difference between the most recent year's real GDP and the prior year's real GDP.
And then there's real GDP, which is an adjustment that removes the effects of inflation so that the economy's real growth or contraction ... "real GDP" is revealed. Calculating GDP Based on ...
The Statistics Authority (PSA) will change again the base year used to calculate inflation and gross domestic product (GDP) ...