Nominal Median and Nominal Mean Income Measures by National Income Definition, Year and Statistic

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Real interest rates describe the growth in the real value of the interest on a loan or deposit, adjusted for inflation. Nominal interest rates on the other hand show us the raw interest rate, which is unadjusted for inflation. If the inflation rate in a certain country were zero percent, the real and nominal interest rates would be the same number. As inflation reduces the real value of a loan, however, a positive inflation rate will mean that the nominal interest rate is more likely to be greater than the real interest rate. We can see this in the recent inflationary episode which has taken place in the wake of the Coronavirus pandemic, with nominal interest rates rising over the course of 2022, but still lagging far behind the rate of inflation, meaning these rate rises register as smaller increases in the real interest rate.

This dataset provides values for GDP NOMINAL reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Key information about Denmark Nominal GDP

• Denmark Nominal GDP reached 97.0 USD bn in Dec 2022, compared with 96.7 USD bn in the previous quarter.
• Nominal GDP in Denmark is updated quarterly, available from Mar 1990 to Dec 2022, with an average number of 72.0 USD bn.
• The data reached an all-time high of 101.6 USD bn in Dec 2021 and a record low of 32.3 USD bn in Mar 1990.

CEIC converts quarterly Nominal GDP into USD. Statistics Denmark provides Nominal GDP in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.


Related information about Denmark Nominal GDP

• In the latest reports, Denmark GDP expanded 1.5 % YoY in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 5.5 % in Dec 2022.
• Denmark GDP Per Capita reached 66,782.7 USD in Dec 2022.
• Its Gross Savings Rate was measured at 36.0 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 26.2 % in Dec 2022.
• Public Consumption accounted for 22.6 % in Dec 2022.
• Private Consumption accounted for 44.0 % in Dec 2022.

Key information about Jordan Nominal GDP Growth

• Jordan Nominal GDP Growth was reported at 4.600 % in Sep 2024.
• This records an increase from the previous number of 3.975 % for Jun 2024.
• Jordan Nominal GDP Growth data is updated quarterly, averaging 6.364 % from Mar 1993 to Sep 2024, with 127 observations.
• The data reached an all-time high of 35.849 % in Sep 2008 and a record low of -5.102 % in Jun 2020.
• Jordan Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. The Department of Statistics provides Nominal GDP in local currency based on SNA 2008. Nominal GDP Growth prior to Q1 2009 is based on SNA 1993.

Being relatively new to the field, electromechanical actuators in aerospace applications lack the knowledge base compared to ones accumulated for the other actuator types, especially when it comes to fault detection and characterization. Lack of health monitoring data from fielded systems and prohibitive costs of carrying out real flight tests push for the need of building system models and designing affordable but realistic experimental setups. This paper presents our approach to accomplish a comprehensive test environment equipped with fault injection and data collection capabilities. Efforts also include development of multiple models for EMA operations, both in nominal and fault conditions that can be used along with measurement data to generate effective diagnostic and prognostic estimates. A detailed description has been provided about how various failure modes are inserted in the test environment and corresponding data is collected to verify the physics based models under these failure modes that have been developed in parallel. A design of experiment study has been included to outline the details of experimental data collection. Furthermore, some ideas about how experimental results can be extended to real flight environments through actual flight tests and using real flight data have been presented. Finally, the roadmap leading from this effort towards developing successful prognostic algorithms for electromechanical actuators is discussed.*

In 2024, the retail sales value of automobiles amounted to around **** trillion yuan in China. In that year, the total consumer goods retail value in China achieved about **** trillion yuan.

Real wages in the Eurozone showed a negative trend for the second year in a row, as high inflation caused the real value of wages to decline by almost *** percent. Real wage growth is measured by adjusting nominal wage growth - that is, the growth of wages in monetary values - for inflation, or changes in the average price of the basket of goods. This means that in 2023, a worker would be able to buy *** percent less than they would have in 2022, assuming their wages grew by the *** percent nominal wage growth which was seen across the Eurozone in 2023.

Real wage in Germany increased by around *** percent as of the second quarter of 2025, while nominal wages grew by close to five percent. In contract to nominal wages, real wages are adjusted for inflation. Among leading developed countries, Germany was among those with the highest average annual wages.

In the first quarter of 2025, nominal GDP in Israel decreased to just over *** billion Israeli shekels, some *** billion U.S. dollars. This accounted for a quarterly decline of about *** percent. After an initial shock at the start of the Israel-Hamas war in the fourth quarter of 2023, GDP in the country recovered in the subsequent quarters.

When adjusted for inflation, the 2024 federal minimum wage in the United States is over 40 percent lower than the minimum wage in 1970. Although the real dollar minimum wage in 1970 was only 1.60 U.S. dollars, when expressed in nominal 2024 dollars this increases to 13.05 U.S. dollars. This is a significant difference from the federal minimum wage in 2024 of 7.25 U.S. dollars.

In 2024, Japan's gross domestic product (GDP) grew by ***** percent at current prices. A year earlier, the highest growth rate of Japan’s nominal GDP in almost three decades was recorded. The nominal GDP measures the value of all goods and services produced in an economy, including price changes. GDP growth and inflation Japan’s real GDP growth, which is adjusted for inflation, was lower at *** percent. After decades of struggling with deflation and attempts to reach a two percent inflation target with economic stimulus packages and monetary easing policies, consumer prices in Japan increased by almost *** percent in 2023, led by global inflation. This development prompted the Bank of Japan to shift its monetary policy and raise the short-term interest rate for the first time in 17 years in 2024. Japan lost its status as the third-largest economy Many countries have raised interest rates in response to higher inflation in the past years. Since Japan’s central bank has done so at a much slower pace, a widening interest gap emerged between Japan and other major economies of the world. This is also one of the reasons for the depreciation of the yen against the dollar. Due to the weak yen, Japan’s GDP declined when converted into U.S. dollars, resulting in Japan losing its status as the third-largest economy in terms of GDP to Germany in 2023.

The average nominal salary in Russia was measured at ****** Russian rubles per month in 2024, marking an increase of roughly ****** Russian rubles compared to the previous year. After the currency redenomination and the financial default in 1998, the average wage levels in the country have grown exponentially. Who gets paid more in Russia? The Russian oil and gas industry paid the highest average wage to their employees, at ******* Russian rubles between January and September 2021. Salaries in management and management consulting were the second-highest, followed by air transportation and software development. On average, men earned more than women across all industries in the country. For example, in the information and communications sector, the average wage of a male worker amounted to nearly ******* Russian rubles, compared to under ****** Russian rubles for a female worker. Economic inequality in Russia The national income distribution of Russian households shows a high concentration of income and wealth in the hands of few individuals. In 2021, the mean income of the top one percent exceeded ******* euros before income tax, compared to ***** euros earned by the bottom 50 percent of the population. Furthermore, the richest one percent in Russia held an average wealth of over *** billion euros, whereas the personal wealth of the bottom 50 percent was measured at ***** euros in the same year. However, the income gap was forecast to decrease in Russia, with the Gini index expected to decline to **** by 2029.

Key information about United States Nominal GDP

• United States Nominal GDP reached 6,621.6 USD bn in Mar 2023, compared with 6,534.5 USD bn in the previous quarter.
• Nominal GDP in US is updated quarterly, available from Mar 1947 to Mar 2023, with an average number of 1,057.5 USD bn.
• The data reached an all-time high of 6,621.6 USD bn in Mar 2023 and a record low of 60.8 USD bn in Mar 1947.

CEIC de-annualizes quarterly Nominal GDP. The Bureau of Economic Analysis provides annualized Nominal GDP in USD.


Related information about United States Nominal GDP

• In the latest reports, US GDP expanded 1.6 % YoY in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 5.4 % in Mar 2023.
• US GDP Per Capita reached 59,484.0 USD in Dec 2017.
• Its Gross Savings Rate was measured at 15.9 % in Mar 2023.
• For Nominal GDP contributions, Investment accounted for 20.7 % in Mar 2023.
• Public Consumption accounted for 14.1 % in Mar 2023.
• Private Consumption accounted for 67.9 % in Mar 2023.

Key information about Colombia Nominal GDP

• Colombia Nominal GDP reached 79.5 USD bn in Dec 2022, compared with 85.8 USD bn in the previous quarter.
• Nominal GDP in Colombia is updated quarterly, available from Mar 2000 to Dec 2022, with an average number of 69.3 USD bn.
• The data reached an all-time high of 100.6 USD bn in Sep 2014 and a record low of 22.3 USD bn in Mar 2003.

CEIC converts quarterly Nominal GDP into USD. National Administrative Department of Statistics provides Nominal GDP in local currency based on SNA 2008. The Bank of the Republic of Colombia average market exchange rate is used for currency conversions. Nominal GDP prior to Q1 2005 is based on SNA 1993.


Related information about Colombia Nominal GDP

• In the latest reports, Colombia GDP expanded 2.9 % YoY in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 14.0 % in Dec 2022.
• Colombia GDP Per Capita reached 6,239.3 USD in Dec 2021.
• Its Gross Savings Rate was measured at 8.6 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 14.7 % in Dec 2022.
• Public Consumption accounted for 17.0 % in Dec 2022.
• Private Consumption accounted for 74.5 % in Dec 2022.

In June 2024, a nominal gross domestic product (GDP) of around 1.1 trillion Ghanaian cedis (GHS), approximately 74.3 billion U.S. dollars, was reached in Ghana. Moreover, the nominal GDP was constant was constant in each of the years under review, signifying that current market prices of goods and services in the country had remained the same during these periods.

CPI Price, nominal in Ireland was reported at 131 in 2025, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ireland - CPI Price, nominal - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Key information about Taiwan Nominal GDP Growth

• Taiwan Nominal GDP Growth was reported at 5.631 % in Dec 2024.
• This records a decrease from the previous number of 6.712 % for Sep 2024.
• Taiwan Nominal GDP Growth data is updated quarterly, averaging 6.302 % from Mar 1983 to Dec 2024, with 168 observations.
• The data reached an all-time high of 19.561 % in Dec 1986 and a record low of -8.514 % in Dec 2008.
• Taiwan Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. The Directorate-General of Budget, Accounting and Statistics, Executive Yuan provides Nominal GDP in local currency.

Key information about Georgia Total Trade of Goods and Services: % of Nominal GDP

• Georgia Total Trade of Goods & Services: % of Nominal GDP recorded 109.812 % in Sep 2024, compared with 104.752 % in the previous quarter.
• Georgia Total Trade of Goods & Services: % of Nominal GDP data is updated quarterly, available from Mar 1996 to Sep 2024, with an averaged value of 88.741 %.
• The data reached an all-time high of 121.869 % in Sep 2019 and a record low of 39.541 % in Sep 1996.

CEIC calculates quarterly Total Trade of Goods and Services as % of Nominal GDP from quarterly Total Trade of Goods and Services and quarterly Nominal GDP. The National Statistics Office of Georgia provides Total Trade of Goods and Services in local currency and Nominal GDP in local currency, both based on SNA 2008. Total Trade of Goods and Services as % of Nominal GDP prior to Q1 2010 is calculated from Nominal GDP and Total Trade of Goods and Services both based on SNA 1993.

Key information about Ivory Coast Nominal GDP

• Ivory Coast Nominal GDP reached 11.0 USD bn in Sep 2022, compared with 12.0 USD bn in the previous quarter.
• Nominal GDP in Ivory Coast is updated quarterly, available from Mar 1997 to Sep 2022, with an average number of 6.0 USD bn.
• The data reached an all-time high of 12.6 USD bn in Jun 2021 and a record low of 3.3 USD bn in Sep 2000.

CEIC converts quarterly Nominal GDP into USD. The National Institute of Statistics provides Nominal GDP in local currency. The International Monetary Fund average market exchange rate is used for currency conversions.


Related information about Ivory Coast Nominal GDP

• In the latest reports, Ivory Coast GDP expanded 6.8 % YoY in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 2.4 % in Dec 2022.
• Ivory Coast GDP Per Capita reached 2,272.6 USD in Dec 2022.
• Its Gross Savings Rate was measured at 22.2 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 25.0 % in Dec 2022.
• Public Consumption accounted for 10.5 % in Dec 2022.
• Private Consumption accounted for 67.3 % in Dec 2022.