quarterly · indexed (100 = first period)

Nominal GDP vs real GDP

Name: Nominal GDP vs real GDP
Creator: Federal Reserve Economic Data (FRED)
License: https://creativecommons.org/publicdomain/mark/1.0/

How much of GDP growth reflects higher output versus higher prices?

Nominal GDP

Real GDP

Nominal GDP vs real GDP: summary statistics (Max range)
Series	First	Latest	Min	Max
Nominal GDP	100.0	13104.6	100.0	13104.6
Real GDP	100.0	1107.8	99.5	1107.8

Source:Federal Reserve Economic Data (FRED)GDP GDPC1· Data may be revised by the source.

FormulaIndex GDP and GDPC1 to 100 at the first shared quarter

Methodology

Nominal GDP (GDP, current dollars) and real GDP (GDPC1, chained 2017 dollars) rebased to 100 at the first shared observation. The two lines cannot be compared on raw dollar values because one is in current dollars and the other in chained dollars; indexing isolates the volume vs price split.

Source series

GDPNominal GDPBillions of DollarsQuarterly · Seasonally Adjusted Annual Rate GDPC1Real GDPBillions of Chained 2017 DollarsQuarterly · Seasonally Adjusted Annual Rate

Freshness

Data through: Q1 2026
Last refreshed: 23 Jul 2026
Native frequency: quarterly

The site is refreshed separately from the source. Data through = the latest observation published by FRED; last refreshed = when PIER20 last fetched the file.

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Nominal GDP vs real GDP

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