Gdp

usgb/ˌdʒiːdiːˈpiː/
Noun

GDP is the total value of all goods and services produced in a country within a specific time period, usually measured annually.

The country's GDP has increased by 3% this year.
Visual representation of "gdp" - GDP is the total value of all goods and services produced in a country within a specific time period, usually measured annually.

Often appears as...

  • GDP per capita
  • GDP growth rate

Usage tips

Neutral

Gross Domestic Product, nominal GDP, real GDP

Definition 1 of 1
Visual representation of "gdp"
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Economic Measure

Definition

Illustration for Economic Measure
GDP is an economic indicator used to gauge a country's economic performance.
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Comparison

Definition

Illustration for Comparison
GDP is often compared with GNP, which includes income from abroad.
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Temporal Analysis

Definition

Illustration for Temporal Analysis
Analyzing GDP over multiple years can reveal trends in economic growth.
Visual representation of the word "Gdp"

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