Definition of Gross Domestic Product

Gross Domestic Product, or GDP represents the market value of the total output of the goods and services produced by a nation's economy.
(Definition continues below)

GDP is the most comprehensive single measure of aggregate economic output.

Gross Domestic Product References On This Site

These Gaebler.com articles mention this glossary term:

• Family Business Statistics - Family businesses account for a staggering 50% of the gross domestic product. It's tempting to believe that the majority of...
• Productivity and Vacation Comparisons by Country - This Quality of Life indicator takes into account the average life span, healthcare system, productivity numbers, higher education levels and gross domestic product in each country...
• Entrepreneurship in India - The average GDP growth was nearly 3.2 percent in the 1970s...
• Economic Derivatives - The mechanisms of a macro derivative are relatively simple—an investor will purchase a binary option contract in exchange for a guarantee of a payout on a specific date (the exercise date) if the underlying metric (be it GDP, CPI, or inflation) is within the strike range...
• Economic Growth - GDP is the gross domestic product of an entire entity. This can be a country...
• Economic Growth Theories - Neoclassical growth advocates believe that real GDP growth is primarily a function of technology breakthroughs...
• Introduction to Economics - Putting all of this together, countries create an overall product called gross domestic product (GDP). This is the sum of all products created within...
• The Biotech and Medical Sectors in China (Part 1 of 2) - China's growing real per capita GDP combined with an aging population offers immense opportunities for...
• Business Environment - India - It has only recently joined the 'trillion dollar GDP' club. However, if PPP (purchasing power parity) is considered...
• Caps on SBA Goodwill Financing - When a business fails, the economy loses jobs and a GDP contribution. So anything you can do to facilitate business...
• CIT Bailout - That economy creates 50 percent of US GDP, generates new jobs at a much faster clip than...
• Why Small Businesses Should Support Healthcare Reform - You are the heroes of America, in the trenches fighting daily to contribute in so many ways…by creating jobs, by powering our GDP, by laying the very foundation that we commonly refer...
• Productivity and Vacation Comparisons by Country - This Quality of Life indicator takes into account the average life span, healthcare system, productivity numbers, higher education levels and gross domestic product in each country...
• Family Business Statistics - Family businesses account for a staggering 50% of the gross domestic product. It's tempting to believe that the majority of...
• Entrepreneurship in India - The average GDP growth was nearly 3.2 percent in the 1970s...
• Economic Derivatives - The mechanisms of a macro derivative are relatively simple—an investor will purchase a binary option contract in exchange for a guarantee of a payout on a specific date (the exercise date) if the underlying metric (be it GDP, CPI, or inflation) is within the strike range...
• Economic Growth - GDP is the gross domestic product of an entire entity. This can be a country...
• Economic Growth Theories - Neoclassical growth advocates believe that real GDP growth is primarily a function of technology breakthroughs...
• Business Environment - India - It has only recently joined the 'trillion dollar GDP' club. However, if PPP (purchasing power parity) is considered...
• Introduction to Economics - Putting all of this together, countries create an overall product called gross domestic product (GDP). This is the sum of all products created within...
• Caps on SBA Goodwill Financing - When a business fails, the economy loses jobs and a GDP contribution. So anything you can do to facilitate business...
• CIT Bailout - That economy creates 50 percent of US GDP, generates new jobs at a much faster clip than...
• The Biotech and Medical Sectors in China (Part 1 of 2) - China's growing real per capita GDP combined with an aging population offers immense opportunities for...
• Why Small Businesses Should Support Healthcare Reform - You are the heroes of America, in the trenches fighting daily to contribute in so many ways…by creating jobs, by powering our GDP, by laying the very foundation that we commonly refer...