real GDPnoun [ U ]
ukusECONOMICS, FINANCE the total value of goods and services produced in a country in a particular year, taking inflation into account:
real GDP grows at/by 2.5%/5%, etc. Figures published this week show that real GDP grew by 2.3% in the final quarter of last year.
Real GDP per head has fallen by 12% in the past three years.
real GDP growth