in nominal terms

USAGE SUMMARY

"in nominal terms" is correct and can be used in written English.
You can use it to refer to the value of something in terms of money or labels, as opposed to its value in terms of practical or material benefits. For example, "She accepted the job offer in nominal terms, but found that the salary was too low to cover her living expenses."

✓ Grammatically correct

News & Media

Academia

Formal & Business

Science

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

This was true only in nominal terms.

The Economist

And so it did, in nominal terms.

The Economist

Most debts are done in nominal terms.

Yale University

Nevertheless dividends rose tenfold in nominal terms over that period.

The Economist

Unlike share prices, house prices rarely plunge in nominal terms.

The Economist

Well, revenue continues to grow in nominal terms.

The Guardian - Business

"Last year downloads declined by 16% in nominal terms," he says.

The Guardian - Business

"Since the 2013 Pefo, even in nominal terms, we have kept expenditure under control," he said.

The Guardian - Business

But that's in "nominal" terms, without adjusting for the effects of inflation or its opposite, deflation.

The New York Times

The defense budget will remain the same, in nominal terms, for the next three years.

The New York Times

Figures elsewhere in the document show that it is indeed a 30% rise in nominal terms.

The Economist

Expert writing Tips

Best practice

Use "in nominal terms" to describe figures that reflect current prices without adjusting for inflation. This is essential for clarity when discussing financial or economic data.

Common error

A common mistake is to assume that an increase "in nominal terms" automatically signifies economic growth or improvement. Remember to consider inflation, as an increase "in nominal terms" might actually represent a decrease in real value.

Linguistic Context

The phrase "in nominal terms" functions as an adverbial phrase, modifying a verb or clause to specify that a value is expressed in current monetary units without adjusting for inflation. As Ludwig AI suggests, this clarification is crucial for accurate interpretation of economic or financial data.

Expression frequency: Very common

Frequent in

News & Media

52%

Academia

20%

Formal & Business

15%

Less common in

Science

13%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

In summary, "in nominal terms" is a frequently used phrase that clarifies that financial figures are presented without adjustment for inflation. Ludwig AI confirms its correctness and highlights its role in distinguishing between current and inflation-adjusted values. This phrase is particularly common in economic and financial reporting, offering a clear way to express data in its unadjusted form. Recognizing the difference between "in nominal terms" and "in real terms" is vital for accurate interpretation of economic data.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

in current dollars

Indicates values expressed in the currency of the specific year without adjusting for inflation.

at face value

Refers to the value as stated, without considering other factors like inflation or real purchasing power.

in unadjusted figures

Implies the data has not been corrected or modified for external influences, such as inflation.

without inflation adjustment

Specifies that the values have not been altered to reflect changes in the price level.

in monetary terms

Focuses on the financial representation of value, often without accounting for real value.

expressed in currency units

Highlights that the values are given in terms of a specific currency's worth at a certain time.

as stated

Indicates the value is presented as it is, without any modifications or considerations of other factors.

in raw numbers

Suggests the data is presented in its original form, without any processing or adjustments.

before accounting for inflation

Clearly states that inflation has not been taken into consideration when presenting the figures.

in stated value

Similar to face value, emphasizes the value as it is explicitly presented.

FAQs

What does "in nominal terms" mean in economics?

In economics, "in nominal terms" refers to values expressed in current prices, without adjusting for inflation. This is in contrast to "in real terms", which does account for inflation to reflect actual purchasing power.

How do I use "in nominal terms" in a sentence?

You can use "in nominal terms" to clarify that the values you're presenting have not been adjusted for inflation. For example, "The country's GDP increased by 5% /s/in+nominal+terms, but after adjusting for inflation, the real increase was only 2%."

What's the difference between "in nominal terms" and "in real terms"?

"In nominal terms" refers to values at their current monetary value, without adjusting for inflation. "In real terms", on the other hand, adjusts for inflation to reflect the actual purchasing power or value of the amount over time.

What are some alternatives to saying "in nominal terms"?

Alternatives include using phrases like "at face value", "in current dollars", or "in unadjusted figures" to indicate that the values are not adjusted for inflation.