# Real vs Nominal

*Macro & Economy — Finicade finance glossary*

Nominal figures are in today's money; real figures strip out inflation to compare across time. A 'nominal' 5% raise with 5% inflation is a 0% real raise — real is what actually changed.

**Also known as:** real vs nominal, nominal-vs-real-gdp

**Related terms:** [Inflation](https://finicade.com/glossary/inflation), [Real Return](https://finicade.com/glossary/real-return), [GDP (Gross Domestic Product)](https://finicade.com/glossary/gdp)

**Taught in:** Macro & Markets — GDP: The Size of the Economy

Source: https://finicade.com/glossary/real-vs-nominal-interest-rates