realvekst

Realvekst, or real growth, is the increase in an economy’s output after removing the effects of price changes. It represents how much more goods and services are being produced in real terms from one period to another, typically measured as the percent change in real GDP.

Realvekst is calculated by adjusting nominal GDP for inflation using a price index such as the GDP deflator or a chain-linked price index. This produces real GDP, expressed in constant prices, which allows comparisons over time that are not distorted by rising or falling price levels. The real growth rate is the year-to-year or quarter-to-quarter change in this real GDP.

Realvekst is used to gauge the underlying performance of an economy, separate from inflation. A positive real growth rate suggests that production is expanding in real terms, while a negative rate indicates a contraction. It helps assess productivity, investment, and overall economic health, and it is often linked to changes in living standards over time. However, realvekst has limitations: it depends on the chosen price index and base year, may not fully capture improvements in product quality, new goods, or non-market activity, and does not reflect income distribution or welfare directly.

In practice, economists report real GDP growth alongside nominal growth and inflation to provide a clearer picture of economic performance. See also real GDP, inflation, and economic growth.