Georgia’s nominal and real GDP were 884,844.7 and 699,540.6 million in 2024, and 936,086.7 and 719,741.7 million in 2025. What is the approximate percentage change in the nominal-to-real ratio?
Note
Divide nominal GDP by real GDP for each year, then divide the 2025 ratio by the 2024 ratio and subtract 1. Multiplying by 100 gives approximately 2.82%. This is an implicit output-price change, not a consumer-price inflation rate.
The calculation is [(936,086.7 / 719,741.7) / (884,844.7 / 699,540.6) − 1] × 100. The result concerns the implied price of state output; it is not a household cost-of-living measure.