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Gross Domestic Product (GDP) is the monetary value of all finished goods and services made within a country during a specific period. GDP provides an economic snapshot of a country, used to ...
GDP is an economic indicator. The GDP growth rate indicates the percentage increase or decrease of economic growth from quarter to quarter. It tells you where the economy is at in the business cycle. GDP per capita measures the standard of living between two or more countries.
Gross domestic product (GDP). The total value of all the goods and services produced within a country's borders is described as its gross domestic product. When that figure is adjusted for inflation, it is called the real gross domestic product, and it's generally used to measure the growth of the country's economy.
Definition: GDP is the final value of the goods and services produced within the geographic boundaries of a country during a specified period of time, normally a year. GDP growth rate is an important indicator of the economic performance of a country.
Definition of gross domestic product (GDP): The value of a country's overall output of goods and services (typically during one fiscal year) at market prices, excluding net income from abroad. Gross Domestic Product (GDP) can be estimated in ...
Definition: Nominal GDP, or gross domestic product, measures the value of all finished goods and services produced by a country at their current market prices.Typically, economists use a gross domestic deflator to convert nominal GDP to real GDP. What Does Nominal GDP Mean? What is the definition of nominal GDP?
Gross Domestic Product (GDP) is the broadest quantitative measure of a nation's total economic activity. More specifically, GDP represents the monetary value of all goods and services produced within a nation's geographic borders over a specified period of time.
Definition of GDP: Gross Domestic Product. The total market value of all final goods and services produced in a country in a given year, equal to total...
In economics, gross value added (GVA) is the measure of the value of goods and services produced in an area, industry or sector of an economy. In national accounts GVA is output minus intermediate consumption; it is a balancing item of the national accounts' production account.
Gross private domestic investment is the measure of physical investment used in computing GDP in the measurement of nations' economic activity. This is an important component of GDP because it provides an indicator of the future productive capacity of the economy. It includes replacement purchases plus net additions to capital assets plus investments in inventories. From 2002-2011 it amounted to 14.9% of US GDP, and from 1945-2011 was 15.7% of GDP (BEA, USDC, 2013). Net investment is gross investment minus depreciation. Of the four categories of GDP (investment, consumption, net exports, and government spending on goods and services) it is by far the least stable. Gross private domestic investment includes 3 types of investment: Non-residential investment: Expenditures by firms on capital such as tools, machinery, and factories. Residential Investment: Expenditures on residential structures and residential equipment that is owned by landlords and rented to tenants. Change in inventories (or stocks): The change of firm inventories in a given period. (Inventory or stock is the goods that are produced by firms but kept to be sold later.)
A map of world economies by size of GDP (nominal) in USD, World Bank, 2014Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a period of time, often annually or quarterly. Nominal GDP estimates are commonly used to determine the economic performance of a whole country or region, and to make international comparisons. GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore using a basis of GDP per capita at purchasing power parity (PPP) is arguably more useful when comparing differences in living standards between nations.