How to calculate real growth rate from nominal
10 Apr 2019 The real GDP growth rate is a more useful measure than the nominal GDP growth rate because it considers the effect of inflation on economic Calculating Real GDP. Real GDP growth is the value of all goods produced in a given year; nominal GDP is value of all the goods taking price changes into GDP Growth Rate Formula. In order to calculate the growth rate of nominal GDP, we need two nominal numbers in two different years, year 1 and year 2. Here's