GDP

What does real GDP growth mean for you and me?

Real GDP growth means that the gross domestic product is increasing with inflation. This means that the economy is growing, and therefore there is more money in the pockets of consumers and producers. If the economy is growing you and me are better off because more money is going around and can potentially end up in our pockets. Individually different people can end up worse off, but the per capita GDP has increased, meaning that people are gaining more money or have more money than before.