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   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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2. www.bea.gov › resources › learning-centerGross Domestic Product | U.S. Bureau of Economic Analysis (BEA)

   www.bea.gov › resources › learning-center

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   Gross Domestic Product. The value of the final goods and services produced in the United States is the gross domestic product. The percentage that GDP grew (or shrank) from one period to another is an important way for Americans to gauge how their economy is doing.

3. www.bea.gov › data › gdpGross Domestic Product | U.S. Bureau of Economic Analysis (BEA)

   www.bea.gov › data › gdp

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   Apr 25, 2024 · What is Gross Domestic Product? A comprehensive measure of U.S. economic activity. GDP measures the value of the final goods and services produced in the United States (without double counting the intermediate goods and services used up to produce them).

4. fred.stlouisfed.org › series › GDPGross Domestic Product (GDP) | FRED | St. Louis Fed

   fred.stlouisfed.org › series › GDP

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   Apr 25, 2024 · Gross domestic product (GDP), the featured measure of U.S. output, is the market value of the goods and services produced by labor and property located in the United States.For more information, see the Guide to the National Income and Product Accounts of the United States (NIPA) and the Bureau of Economic Analysis. Suggested Citation:

5. www.imf.org › fandd › issuesGross Domestic Product: An Economy’s All - IMF

   www.imf.org › fandd › issues

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   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 of the output generated within the borders of a country.

6. www.investopedia.com › ask › answersWhat Is GDP and Why Is It So Important to Economists and...

   www.investopedia.com › ask › answers

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   Feb 29, 2024 · Gross domestic product (GDP) is one of the most widely used indicators of economic performance. Gross domestic product measures a national economy's total output in a given period and is...

7. data.oecd.org › gdp › gross-domestic-product-gdpGDP and spending - Gross domestic product (GDP) - OECD Data

   data.oecd.org › gdp › gross-domestic-product-gdp

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   Gross domestic product (GDP) is the standard measure of the value added created through the production of goods and services in a country during a certain period. As such, it also measures the income earned from that production, or the total amount spent on final goods and services (less imports).

8. www.khanacademy.org › economics-finance-domain › macroeconomicsMeasuring the size of the economy: gross domestic product - Khan...

   www.khanacademy.org › economics-finance-domain › macroeconomics

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   Mar 2, 2012 · The size of a nation’s economy is commonly expressed as its gross domestic product, or GDP, which measures the value of the output of all goods and services produced within the country in a year.