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  1. Dictionary
    Gross do·mes·tic prod·uct
    /ɡrōs dəˈmestik ˈprädəkt/

    noun

    • 1. the total value of goods produced and services provided in a country during one year.

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  3. www.moneygeek.com › economics › termsGross Domestic Product (GDP): Definition, Types and Alternatives

    Apr 23, 2024 · What Is GDP? The gross domestic product (GDP) is the total market value of all finished goods and services produced in the country within a defined period. “Finished goods” are products not yet distributed to consumers, one cog in the supply chain. How GDP shrinks or grows over time is a good indication of an economy's health.

    • Angelique Cruz

  4. socialsci.libretexts.org › Courses › Lumen_Learning5.4: Gross Domestic Product - Social Sci LibreTexts

    Oct 12, 2022 · At its core, the gross domestic product (GDP) measures how much output a country’s economy has produced in a stipulated period of time. Because adding up different goods and services, measured in different measurement units, is not a practical way to measure production in the economy, economists rely on the market value of goods and services ...

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  6. biz.libretexts.org › Courses › Lumen_Learning6.9: What is Gross Domestic Product? - Business LibreTexts

    The size of a nation’s overall economy is typically measured by its gross domestic product (GDP), which is the value of all final goods and services produced within a country in a given year.

  7. www.britannica.com › summary › gross-domestic-productgross domestic product summary | Britannica

    gross domestic product (GDP), Total market value of the goods and services produced by a nation’s economy during a specific period of time. GDP is customarily reported on an annual basis. It is defined to include all final goods and services—that is, those that are produced by the economic resources located in that nation regardless of ...

  8. www.fool.com › terms › gWhat Is Gross Domestic Product (GDP)? | The Motley Fool

    Nov 21, 2023 · Gross Domestic Product, or GDP, is a measurement of economic output. It’s the total value of all the finished goods and services produced within a country,...

    • Matthew Dilallo

  9. money.com › what-is-gross-domestic-productWhat Is Gross Domestic Product (GDP)? - Money

    Dec 21, 2022 · Definition. GDP is the total market value of final goods and services produced within a country's borders during a specified period. Final goods are those purchased by the end user, meaning that GDP excludes goods sold for production purposes.

  10. www.imf.org › external › pubsGross Domestic Product: An Economy’s All - Back to Basics ...

    GDP measures the monetary value of final goods and services—that is, those that are bought by the final user—produced in a country in a given period of time (say a quarter or a year). It counts all the output generated within the borders of a country.

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