What is Gross Domestic Product

1.

It is the amount of the total value of goods and services created inside the borders of a specific country during one calendar year. Learn more in: The Nexus Between Population Aging, International Trade, Foreign Direct Investment, and Economic Growth in G20 Countries: A Panel Vector Autoregressive Analysis

2.

The total goods and services per year within a country. Learn more in: Inequalities: A Concern for Capitalism and Global Strategy

3.

It is the monetary value of goods and services produced by an economy in one accounting year. Learn more in: Reviving Green With Accounting in the Era of Sustainability

4.

The total value of all goods and services produced within the territories of a nation is called Gross Domestic Product (GDP). In an open economy GDP is equal to Gross National Product minus net income from abroad. It is used as a measure of the wealth of the population of a country. Here we consider GDP based on purchasing power parity (PPP). Learn more in: Infrastructural Development: An Engine of Growth – An Empirical Study in SAARC Countries

5.

Represents the sum (in monetary terms) of all final goods and services produced in a given region (whether countries, states, or cities) for a given period. Learn more in: Corruption and Human Development Index: A Global Picture of the Brazilian Panorama Between 2010 and 2018

6.

Refers to the total value of goods produced and services provided in a country during one year. Learn more in: Agricultural Schemes in Namibia for Meeting Essential Needs

7.

A total monetary value of goods and services produced and or provided in a country at a specific time period (usually calculated annually). Learn more in: The Informal Economy in Developing Societies: Implications for the Learning Cities Concept

8.

The market value of all final goods and services produced in the domestic territory of a country in a given period of time. Learn more in: The Opportunity Costs of Military Expenditure

9.

A total money value of all goods and services produced within an accounting year within domestic territory. Learn more in: Empirical Analysis of Economic Cooperation: An Evidence From MINT Economies

10.

Is the monetary value of the total amount of goods and services produced by the national economy annually. Learn more in: Military Expenditure, Economic Growth, and Foreign Policy Implications: The Case of Ghana and Nigeria Within the ECOWAS, 1986-2016

11.

A monetary measure of the market value of all the final goods and services produced in a specific time period, often annually. Learn more in: A Study of Quality Tools and Techniques for Smart Manufacturing in Industry 4.0 in Malaysia: The Case of Northern Corridor Economic Region