Yep, manufacturers generally state impractical ratios such as when a single pixel is totally off vs. displaying 100% brightness, as opposed to the actual (much lower) ratio of bright:dark in a mixed scene. Only high-end OLEDs list realistic contrast ratios (infinity:1 ). The confusion however was over the fact that LG would willingly state a realistic contrast ratio, when manufacturers generally don't do this, even for VAs. For example, the ACER XZ321QU VA panel you've mentioned has a listed contrast ratio of "100,000,000:1". Anyway, the short answer is that it is indeed the "static" (real, native, whatever you want to call it) contrast ratio that LG has listed as 3,000:1, and they seem to avoid listing the dynamic contrast ratio (e.g. see Voltus' link above, there's no entry for the dynamic contrast ratio for the LG). Kudos to LG for doing that. The other VA panels in the same category have the same sort of native contrast ratio btw, so the LG is not problematic in that respect. Again, it looks like a good pick for a flat 32" gaming panel that gives good image quality and response time at under $500.