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