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  1. Dictionary
    gross domestic product

    noun

    • 1. the total value of goods produced and services provided in a country during one year.

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  2. www.investopedia.com › terms › gGross Domestic Product (GDP) Formula and How to Use It -...

    Jun 3, 2024 · GDP is the total value of all finished goods and services produced within a country in a specific time period. Learn how to calculate GDP, its types (nominal, real, and per capita), and its limitations as a measure of economic health.

  3. en.wikipedia.org › wiki › Gross_domestic_productGross domestic product - Wikipedia

    Gross Domestic Product (GDP) is a monetary measure of the market value of all the final goods and services produced and rendered in a specific time period by a country or countries. GDP is often used to measure the economic health of a country or region.

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  5. www.britannica.com › money › gross-domestic-productGross domestic product (GDP) - Britannica Money

    3 days ago · This web page is about household finance, investing, retirement, and companies. It does not contain any information about gross domestic product (GDP), which is the total value of goods and services produced in a country.

  6. www.imf.org › Back-to-Basics › gross-domestic-product-GDPGross Domestic Product: An Economy’s All - IMF

    GDP measures the monetary value of final goods and services—that is, those that are bought by the final user—produced in a country in a given period of time (say a quarter or a year). It counts all of the output generated within the borders of a country.

  7. www.investopedia.com › ask › answersWhat Is GDP and Why Is It So Important to Economists and...

    Jun 3, 2024 · GDP measures a national economy's total output in a given period and is seasonally adjusted and inflation-adjusted. Learn how GDP is calculated, why it matters for economists and investors, and how it compares across countries.

  8. www.bbc.com › news › business-13200758What is GDP, how is it measured and why does it matter?

    Jun 28, 2024 · Gross domestic product (GDP) is an important tool for measuring how a country's economy is doing. It lets governments work out how much they can afford to tax and spend, and...

  9. www.merriam-webster.com › dictionary › gross domestic productGross domestic product Definition & Meaning - Merriam-Webster

    Jun 20, 2024 · The meaning of GROSS DOMESTIC PRODUCT is the gross national product excluding the value of net income earned abroad.