Current dollar GDP reflects Gross Domestic Product that has been controlled for the effects of inflation.
Specifically, current dollar GDP (or usually Real GDP) takes Nominal GDP and expresses the number in a base year's prices. Analysts take Nominal GDP and divide it by the
GDP Deflator, thereby expressing today's growth figures in a more consistent base year's. This makes year to year comparisons more relevant.
If today's Nominal GDP is $103B, and the GDP Deflator is 3%, the current dollar GDP is $103B/1.03, or $100Billion.
Generally anything that is 'current dollar' has been controlled for inflation.
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