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Gross domestic product GDP

Economy Term

What is the Gross Domestic Product (GDP)

Gross Domestic Product (GDP) is the market value of goods and services produced by labor and property within one country, regardless of nationality.

Gross Domestic Product (GDP) is the standard measurement of the Economic Activity within one country.

If the U.S. Economy has advanced by 2.8 percent in a year, it means the U.S. Gross Domestic Product (GDP) has increased 2.8 percent.



   
     
Related Economy Terms
                     
                     
 Advance monthly sales   CE-marked   Durable Goods  
 Affiliate   CFTC Commodity Futures Trading Commission   E-Commerce  
 Agents and Brokers   Civilian labor force   Employer Identification Number  
 ARPU   Constant Currency   Employment population ratio  
 Balance of payments   Consumer Price Index CPI   EU - European Union  
 Balance on current account   Corporate Integrity Agreement   Euro Zone  
 Balance on goods and services   Deflation   European Monetary Union  
 Bonded Warehouses Manufacturing   Direct investment   Executive Management  
 Brokers   Dividends   Exports of goods and services  
 Business sector   Drop Ship Retail   Factory Inventories  
               
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