Browsing: GDP formula

GDP stands for gross domestic product, which measures the monetary value of all goods and services produced within a country in a specific time period. It includes all business activity within the nation's borders, including both public and private sector activities.

Finance

What is GDP? A complete guide to understanding the economy

By Tendai Parks

Gross Domestic Product (GDP) is a measure of a country’s economic health and is the most common way to gauge the success of a country’s economy.