Gross Domestic Product (GDP)
What is Gross Domestic Product (GDP)?
GDP stands for Gross Domestic Product and is the measure of the output of a country. It is the value of all goods and services produced by a country within a given time period (usually one year).
Growth rate of GDP is one of the main indicators of economic health and future outlook, and most developed economiesfor between 1 and 10% growth rate per year (tending towards lower values).
The calculation for GDP is:
- Consumption + Investments + + Net Exports