What is 'Gross Domestic Product - GDP'?

GDP is the monetary value of all finished goods and services made within a country during a specific period. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Term of the Day | INVESTOPEDIA Gross Domestic Product - GDP Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country's borders in a specific time period. Though GDP is usually calculated on an annual basis, it can be calculated on a quarterly basis as well (in the United States, for example, the government releases an annualized GDP estimate for each quarter and also for an entire year). Breaking it Down: GDP is commonly used as an indicator of the economic health of a country, as well as a gauge of a country's standard of... Read More » Related to "Gross Domestic Product - GDP" How to Calculate the GDP of a Country The GDP of a country can be calculated using two different approaches. GDP or gross domestic product of a country provides a measure of the monetary value of the goods and services that country produces in a specific year. Read More » Deadly Flaws in Major Market Indicators These indicators give investors and experts some data to work with, but they're far from perfect. Read More » Explaining The World Through Macroeconomic Analysis From unemployment and inflation to government policy, learn what macroeconomics measures and how it affects everyone. Read More » Related Definitions Gross National Income (GNI) Gross national income is the sum of a nation's gross domestic product and the net income it receives from overseas. Read More » Classical Growth Theory Classical growth theory argues that economic growth will end because of an increasing population and limited resources. Read More » Per Capita A Latin term that translates to "by head," basically meaning "average per person." Per capita can take the place of saying "per person." Read More » Developed Economy A developed economy is one with sustained economic growth, security, high per capita income and advanced technological infrastructure. Read More » CONNECT WITH INVESTOPEDIA Email sent to: mondemand.forex@blogger.com If you wish to unsubscribe, please click here, or manage subscriptions 114 West 41st St, floor 8 New York NY 10036 © 2018, Investopedia, LLC, All Rights Reserved | Privacy Policy