Nominal GDP growth decomposition

How much of the growth in nominal economic output comes from real output rather than prices?

Macro, FX and crypto assets MAC-012 Waterfall Sample

Sample data. Every number, symbol and holding on these pages is generated sample data dated 2026-10-16, used only to illustrate layout and method for educational and informational purposes. It is not market data, backtest output or a forecast, and the analytics described in the specifications are not running.

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0700.HK Tencent Holdings | Hang Seng Index | 2025-10-16 – 2026-10-16 | HKD

Highest item: Price effect
0.94 %
Lowest item: Cross term
-1.47 %
Average
-0.57 %
Number of items
4 items

Main chart: derived local-currency nominal GDP annual growth rate (%), by growth source

Derived local-currency nominal GDP annual growth rate (%) (Waterfall)

Supporting chart: real growth and GDP deflator inflation

Real growth and GDP deflator inflation (Bar)

Detail: data rows, observation dates and missing-value status for the nominal GDP growth decomposition

Derived local-currency nominal GDP annual growth rate (%) and Real growth and GDP deflator inflation (Table)

Sample data rows

Growth sourceDerived local-currency nominal GDP annual growth rate (%)Real growth and GDP deflator inflationData date (sample)
Real output -1.01 4.04 2026-10-16
Price effect 0.94 3.13 2026-10-16
Cross term -1.47 2.76 2026-10-16
Nominal growth -0.74 6.67 2026-10-16
Total -2.28 16.6 2026-10-16