Gross Domestic Product (GDP) is the monetary value of all the goods and services produced in a country within a specific period of time, usually a year. This includes goods and services produced by businesses, government, and individuals within the country's borders. GDP is a commonly used indicator of a country's economic health and is often used to compare the economic performance of different countries.
Gross Domestic Product (GDP) is a measure that quantifies the total value of all goods and services produced within a country's borders during a specific period. It is commonly used as an indicator of the economic health and size of a country's economy. GDP reflects both the value of goods and services produced within a nation's borders (known as the domestic component) and the value of its citizens' and firms' economic activity abroad (known as the foreign component). GDP is typically measured on an annual or quarterly basis and is expressed in a country's local currency or a commonly used international currency, such as the US dollar.
