The total market value of goods and services produced domestically during a given period The components of GDP are consumption, gross investment, government purchases of goods and services, and net exports [Back to top]
The value of all goods and services provided within the borders of a nation In the United States, GDP is determined quarterly by the Department of Commerce
GDP is the most important current measure of our Nation's economic performance Estimated quarterly by the BEA, GDP is a measure of the total market value of all final goods and services produced in our country during any quarter or year GDP equals total consumer spending, business investment, and government spending and investment, plus the value of exports, minus the value of imports GDP estimates are based on current statistics from the Census Bureau and other sources Every 5 years, GDP estimates are benchmarked to the Economic Census
Measures the market value of total output of final goods and services produced within a country's territory, regardless of the ownership of the factors of production involved, i e , local or foreign, during a given time period, usually a year Earnings from capital invested abroad (mostly interest and dividend receipts) are not counted, while earnings on capital owned by foreigners but located in the country in question are included The GDP differs from the GNP in that the former excludes net factor income from abroad
the total market value of all final goods and services produced for money in Australia within a given period of time, after deducting the cost of goods and services used in the process of production, but before depreciation
A country's gross domestic product is the total value of all the goods it has produced and the services it has provided in a particular year, not including its income from investments in other countries. = GDP. The total market value of all the goods and services produced within the borders of a nation during a specified period. 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 their ownership and are not resold in any form. GDP differs from gross national product (GNP), which is defined to include all final goods and services produced by resources owned by that nation's residents, whether located in the nation or elsewhere
The value of all finished goods and services produced in a country during a given period GDP serves as the principal measure of the size of a country's economy
measure of the United States economy adopted in 1991; the total market values of goods and services by produced by workers and capital within the United States borders during a given period (usually 1 year)
The total value of goods and services produced by a nation The GDP is made up of consumer and government purchases, private domestic investments and net exports of goods and services In the U S it is calculated by the Commerce Department every quarter, and it is the main measure of economic output Because GDP measures national output, and strong output is indicative of a healthy economy, bond prices react negatively to strong GDP data A strong economy ignites inflationary fears, which is a negative for bond prices Equities, on the other hand, tend to perform well when GDP is rising since earnings-growth prospects are better during economic expansions BACK TO TOP
The most comprehensive single measure of aggregate economic output Represents the market value of the total output of the goods and services produced by a nation's economy
The total monetary value of all goods and services produced domestically by a country It includes income earned domestically by foreigners, but does not include income earned by domestic residents on foreign ground
A measure of the market value of goods and services produced by the labor and property of a nation Unlike gross national product, GDP excludes receipts from that nation's business operations in foreign countries, as well as the share of reinvested earnings in foreign affiliates of domestic corporations
The total market value of a nation's final output of goods and services GDP may be expressed in terms of productconsumption, investment, government purchases of goods and services, and net exportsor, it may be expressed in terms of income earnedwages, interest, and profits
Gross Domestic Product (GDP) is a measure of National Income It is the total value of all goods and services produced over a given time period (usually a year) excluding net property income from abroad It can be measured either as the total of income, expenditure or output