Gross Domestic Product

Synonyms: GDP

Gross domestic product (“GDP”) is a monetary measure used to calculate the total market value of all a country’s finished goods and services within a specific time period.

A country’s GDP is a comprehensive way to score its overall economic health because it is, essentially, an estimate of the size of an economy and a country’s growth rate.

GDP can be calculated using either expenditures, incomes or production and may be adjusted for things like inflation and population in order to provide more balanced insights.

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