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EXPLAINED | Nominal GDP vs Real GDP: What's the difference? Which is a better marker to understand economical health?

The Ministry of Statistics and Programme Implementation (MoSPI) last week released the economic growth data for the first quarter - covering months of April, May and June of the current financial year ...
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GCC economy 2024: Real and nominal GDP figures differ, but both agree, non-oil sectors dominate the share

The Gulf Cooperation Council (GCC) economies showed steady growth in 2024, with rising contributions from non-oil sectors offsetting a decline in oil output. Real GDP rose 3.3% in the fourth quarter, ...