Real Gross Domestic Product
Returns the real (inflation-adjusted) Gross Domestic Product from FRED. GDP is the total market value of all goods and services produced in the United States.
Parameters
| Parameter | Required | Description |
|---|---|---|
| Series | No | GDP series type |
Data Source
Data is sourced from the Bureau of Economic Analysis via FRED, reported quarterly.
Notes
- Values are in billions of chained dollars
- Real values are inflation-adjusted for comparison across periods
Syntax
=RealGDP([Series])Parameters
seriesstring
GDP series type (e.g., quarterly, annual)
Returns
number
Real GDP value in billions of dollars
When to Use
- Economic size analysis
- Growth rate calculations
- Recession analysis
- Economic forecasting
When NOT to Use
| Scenario | Use Instead |
|---|---|
| Potential GDP | RealPotentialGDP() |
| GDP components | Component-specific functions |
| Per capita GDP | FRED direct access |
Common Issues & FAQ
What's the difference between real and nominal GDP?
Real GDP is adjusted for inflation, allowing comparison across time periods.
How often is GDP updated?
Quarterly, with advance, second, and third estimates.
Related Formulas
More MarketXLS Economic Data formulas you can use in the same worksheet:
- Real Imports
- Real Net Exports
- Real Output Per Hour - Nonfarm
- Real Personal Consumption Expenditures
- Real Personal Consumption Expenditures - Durable Goods
- Real Personal Consumption Expenditures - Nondurable Goods
- Real Personal Consumption Expenditures - Services
- Real Personal Income Excluding Transfer Receipts
See RealGDP used in a complete workbook: Buffett Indicator Dashboard Excel: June 2026 Market Cap to GDP Valuation Tool
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