Output gap
The difference between actual output and an estimate of potential output.
Glossary
Macro terms, data terms, and platform terms in one place
Search matches term names, aliases, categories, and definitions.
Platform-specific workflow terms are marked separately from standard macro vocabulary.
Macro foundations
The difference between actual output and an estimate of potential output.
A variable adjusted for inflation so it reflects quantities or purchasing power more clearly.
Growth and output
Household spending on goods and services.
The total value of goods and services produced within a country over a period of time.
GDP measured at current prices, before adjusting for inflation.
GDP adjusted for inflation so it tracks changes in real output more clearly.
Data and releases
The reference year used to anchor an index or real-value calculation.