Calculating Real GDP in economics can be tedious, why not let this calculator do it for you?
The calculator calculates both Real GDP, chain-weighted GDP, the GDP deflator and inflation.
Simply type in your values and years from your exercise into the first table, the spreadsheet will update GDP accordingly.
Right click to add columns and rows (two finger press on mac, press and hold on phone).
Price of mangoes | Quantity of mangoes | Price of tomatoes | Quantity of tomatoes | |
---|---|---|---|---|
2016 | 3 | 10 | 2 | 8 |
2017 | 4 | 12 | 3 | 15 |
2018 | 6 | 12 | 4 | 16 |
2019 | 5 | 10 | 3 | 14 |
2020 | 8 | 8 | 5 | 20 |
the below table measures real GDP for every year.
columns is the real GDP for the given year, measured with the rows year as the base year.
GDP for each year | |||||||||
---|---|---|---|---|---|---|---|---|---|
2016 | 2017 | 2018 | 2019 | 2020 | |||||
2016 | 46 | 66 | 68 | 58 | 64 | ||||
2017 | 64 | 93 | 96 | 82 | 92 | ||||
2018 | 92 | 132 | 136 | 116 | 128 | ||||
2019 | 74 | 105 | 108 | 92 | 100 | ||||
2020 | 120 | 171 | 176 | 150 | 164 |
Real GDP deflator | Real GDP Inflation | Chain-weighted GDP | Chain-weighted gdp deflator | Chain-weighted gdp inflation | |
---|---|---|---|---|---|
2016 | 100 | 46 | 100 | ||
2017 | 141 | 41 | 66 | 141 | 41 |
2018 | 200 | 42 | 68 | 200 | 42 |
2019 | 159 | -21 | 58 | 159 | -21 |
2020 | 256 | 61 | 63 | 260 | 64 |
This website is still a work in progress and breaks easily. To avoid errors: