Typical Growth
Actual GDP Growth (%): 3 %; Potential GDP Growth (%): 2.5 %; Okun's Coefficient: 2
GDP Gap (%): 0.5 %; Change in Unemployment Rate (%): -1 %
Okun's Law Calculator
Finance0.0(0)
Calculates the relationship between the output gap and cyclical unemployment based on Okun's Law.
More tools:Finance Calculators
How To Use
How to use this calculator
Start with your values, or try a preset.
Step 1
Enter Actual GDP Growth (%), Potential GDP Growth (%), and Okun's Coefficient in the units shown.
Step 2
Read GDP Gap (%) and Change in Unemployment Rate (%) in the results panel. Results update as you change the inputs.
Step 3
Choose a preset to load an example, then adjust the values for your situation.
Worked Examples
Example calculations
See the inputs and their calculated results.
Recessionary Gap
Actual GDP Growth (%): 0 %; Potential GDP Growth (%): 2.5 %; Okun's Coefficient: 2
GDP Gap (%): -2.5 %; Change in Unemployment Rate (%): 5 %
Strong Growth
Actual GDP Growth (%): 4 %; Potential GDP Growth (%): 2.5 %; Okun's Coefficient: 2
GDP Gap (%): 1.5 %; Change in Unemployment Rate (%): -3 %
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Important
Treat this output as a planning estimate and confirm rates, tax rules, and contract terms before making financial decisions.