The total value of new goods and services produced in a given year within the borders of a country, regardless of by whom. It is "gross" in the sense that it does not deduct depreciation of previously produced capital, in contrast to NDP.

A value measure of the flow of domestic goods and services produced by an economy over a period of time, such as a year. Only output values of goods for final consumption and intermediate production are assumed to be included in the final prices. GDP is sometimes aggregated and shown at market prices, meaning that indirect taxes and subsidies are included; when these indirect taxes and subsidies have been eliminated, the result is GDP at factor cost. The word gross indicates that deductions for depreciation of physical assets have not been made. See also gross national product.

Gross national product less net property income from abroad. Both gross national product (GNP) and gross domestic product (GDP) aggregate only the incomes of residents of a nation, corporate and individual, derived directly from the current production of goods and services by individuals, businesses, and government, gross private domestic investment in infrastructure, and total exports of goods and services. The goods and services included are largely those bought for final use (excluding illegal transactions) in the market economy. A number of inclusions, however, represent imputed values, the most important of which is rental value of owner-occupied housing.

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. (BEA) See consumption, gross investment, and net exports.

The GDP is the net result of activities carried out by productive units operating on the economic territory of the country. It is the sum of the value of the goods and services produced within a certain territory during a specified period of time (usually a calendar year). It does not include the value of intermediate goods and services.

(GDP) Is the final value of goods and services, at current market prices, produced by the economy in a year. All intermediate products are excluded and only goods used for final consumption or investment goods are included. Imported goods consumed are excluded, while goods for export are included.

The gross domestic product (GDP) is the total amount of goods and services produced within the borders of a country, regardless of who owns the capital or provides the labor. GDP is composed of consumption, investment, government spending and net exports.

The market value of goods and services produced by a country within its own borders.

The total value of finished goods and services produced within an economy over a specific period, normally one year.

The total value of a country's output produced within its physical borders.

Measures a country's economic growth.

The total market value of all final goods and services produced in a country in a given year.

Total market value in current dollars of all goods and services produced within a country , usually during a year. Compare gross national product, gross world product.

The total market value of a nation's final output of goods and services. GDP may be expressed in terms of product - consumption, investment, government purchases of goods and services, and net exports - or, it may be expressed in terms of income earned - wages, interest, and profits.

Gross Domestic Product (GDP) is the value of all final goods and services produced in a country in one year. GDP can be measured by adding up all of an economy’s incomes -- wages, interest, profits or expenditures -- consumption, investment, government purchases and net exports (exports minus imports). Türkçe

Reported by the Commerce Department, it is the total value of goods and services produced within the economy.

The total value of all the goods and services produced within a country's borders is described as its gross domestic product. When that figure is adjusted for inflation, it is called the real gross domestic product, and it's generally used to measure the growth of the country's economy.

The value of total production in a country minus the value of the products and services used for this production.

This is the value of goods and services produced by an economy over a particular time period.

One of the main measures of economic activity. 'Gross' indicates that it is calculated without subtracting any allowance for capital consumption; 'domestic' that it measures activities located in the country regardless of their ownership. It thus includes activities carried on in the country by foreign-owned companies, and excludes activities of firms owned by residents but carried on abroad. 'Product' indicates that it measures real output produced rather than output absorbed by residents. GDP is reported at both current and constant prices.

the total value of goods produced and services provided within a country during one year

The GDP of a country is the total value of the goods it produces and the services it provides in one year. For the UK, the GDP is $1.25 trillion (2000).

The sum of gross value added by all resident producers in the economy, including distributive trades and transport, plus any product taxes and minus any subsidies not included in the value of the products.

the value of all goods and services produced within a nation's boundaries, regardless of ownership.79

The value of all finished goods and services produced in the country during a given period. GDP serves as the principal measure of the size of a country's economy.

Gross domestic product is the monetary value of all the goods and services produced by an economy over a specified period. It includes consumption, government purchases, investments, and exports minus imports. This is perhaps the greatest indicator of the economic health of a country. It is usually measured yearly, although monthly statistics are also released. The nominal GDP (GDP Nominal) is unadjusted for inflation, and it gives a less realistic picture of a country's economic health, than the real GDP, which is adjusted for inflation.

The total value of goods and services produced in a country during one year. It includes consumption, government purchases, investments, and exports minus imports.

Gross Domestic Product is a measure of the total economic activity occurring in a country.

The market value of all final goods and services produced in a year within a country.

GDP is the total value of all services and goods produced by a country in a given year.

a measure of the value of all the goods and services newly produced in an economy during a specified period of time.

The total output of goods and services for final use produced by an economy by both residents and non-residents, regardless of the allocation to domestic and foreign claims. It does not include deductions for deprecia- tion of physical capital or depletion and degradation of natural resources.

A measure of the value of a country's economy.

(GDP):  This is a measure of economic activity within a country. Gross Domestic Product represents 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.

The market value of all goods and services produced in a nation in a calendar year. (Compare Gross domestic product, real.)

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)

A country's gross domestic product is the value of the goods and services produced by a nation. Although it excludes the earnings of the nation's corporations and residents that are overseas, it does include the earnings of foreign corporations and residents in that nation.

(GDP) is a measure of all currently produced final goods and services.

The Gross Domestic Product is the combined value of all products and services produced within the country.

A value which reflects the sum of consumption expenditures, government spending, capital formation, and net exports. United States' GDP affects demand for products exported from the Bay Area.

The total market value of goods and services produced after deducting the cost of goods and services used up in theprocess of production (intermediate consumption) but before deducting consumption of fixed capital (depreciation).

The aggregate value of goods and services produced in an economy annually.

The market value of all final goods and services produced by resources located in the U.S. regardless of who owns those resources.

Total expenditure on final goods and services in a year in Canada.

(GDP)—The value of the total final output produced inside a country during a given year. It equals GNP (gross national product) less overseas remittances. In most instances, the difference between GDP and GNP is relatively small, representing less than 1 percent of GNP. In some countries, such as Pakistan, where overseas remittances are quite large, the difference can be as large as 5 percent. For a more detailed definition of GDP accounts, see the Updated Summary NIPA Methodologies at the Bureau of Economic Analysis (BEA), which is part of the U.S. Department of Commerce.

The measurement of a country's total output of goods and services.

Refers to the aggregate value of output produced within the domestic territory of Singapore.

Total value of final production of goods and services within a specific time frame, usually a calendar year.

This measure is said to be an improvement over gross national product because it disregards the problem of the nationality of residents and nonresidents in accounting for international transactions. It was recently adopted in the United States for national income accounting. The GDP for 1991 was $5.678 trillion.

The total monetary value of all goods and services produced within a nation's economy during a one-year period, a figure often used as an indicator of a nation's financial well-being. The GDP's value as a diagnostic tool to measure the health of a country is often critiqued because it fails to account for a host of relevant social transactions as diverse as domestic work, volunteering, and criminal activities.

A measure of the total flow of goods and services produced over a specified time period. It is obtained by valuing outputs of goods and services at market prices.

Market value of the goods and services produced by labor and property in the United States. GDP is made up of consumer and government purchases, private domestic investments, and net exports of goods and services.

The total output of goods and services produced within the geographical boundaries of an individual country or region. GDP is increasingly used as the main statistic to characterize overall output in most countries with its rate of change providing the commonly quoted growth rate.

An annual measure of the total national output, income and expenditure in the economy.

Monetary value of all economic activity (goods and services produced, etc.) in a nation during one calendar year.

Total market value of the goods and services manufactured within the country in a financial year.

The total value added of the goods and services produced in the economic territory of a country or region during a given period.

The total economic activity within national boundaries.

The total unduplicated value of goods and services produced during a given period. For the economy as a whole, GDP refers to all goods and services produced in Canada's economic territory. For the nonprofit sector specifically, it refers to the sector's contribution to Canada's GDP, and is measured as its gross output less its intermediate purchases. Also referred to as value added.

(GDP): The market value of all final goods and services produced inside a nation in a year.

The total value of a country's output, income or expenditure.The GDP is a measure of its economic activity.

The value of all final goods and services produced in the country within a given period. Does not include depreciation of physical capital or depletion and degradation of natural resources.

(GDP): A measure of the value added to an economy as a result of human activity. It includes activities carried out in the country by foreign owned companies and individuals and excludes the value of output of goods and services by firms outside the country owned by residents and the remittance of funds to the country from these entities. The measure is "gross" in that it does not include the depreciation of man-made capital nor the depletion or degradation of renewable natural resources.[Page 129

The total value of goods and service produced within a territory within a given amount of time, usually annually unless otherwise specified. GDP differs from Gross National Product (GNP) in that the latter includes international income transfers. Thus GDP is the measure of what’s produced within a territory rather than what is received by a territory. Nominal GDP refers to the money spent on GDP while “real” GDP has been adjusted for inflation. Per capita GDP (total GDP divided by population) is a popular measure of national standards of living because GDP is measured consistently and frequently on an international basis. However, GDP is really a measure of economic activity within a country rather than the standard of living, and does not directly measure income distribution, access to housing, healthcare, education, and other important contributors to quality of life.

The market value of goods and services produced over time including the income of foreign corporations and foreign residents working in the U.S., but excluding the income of U.S. residents and corporations overseas.

The total market value of goods and services produced after deducting the cost of goods and services used up in the process of production but before deducting an amount for depreciation.

Total value of all goods and services produced domestically each year by a country. It equals gross national product minus income from abroad. Most countries use this definition - U.S. official statistics use gross national product.

Gross Domestic Product or GDP refers to the total value of all of the goods and services produced in a country over a period of time. GDP is the major measure of economic activity in Canada.

The total dollar value of all goods and services produced in a year in the United States, regardless of who supplies the labor or property.

The market value of the goods and services produced by U.S. labor and possessions.

the value of all goods and services provided within the borders of a nation.

The market value of all final goods and services produced in a country in a calendar year. View Capstone Lesson(s) that address this concept

The value of all final goods and services produced by an economy over a particular time period, normally a year.

Total value of a country's output, income or expenditure produced within the country's physical borders.

A measure of the value of all goods and services produced in New Zealand; changes in GDP measure growth in economic activity or output. GDP can be measured as the actual dollar value of goods and services measured at todayâ€(tm)s prices (nominal GDP), or excluding the effects of price changes over time (real GDP).

This is the sum of total final expenditures on goods and services in the economy.

A measure of output from United States factories and related consumption in the United States. It does not include products made by U.S. companies in foreign markets.

A measure of the U.S. economy's total output of goods and services.

The total market value of products and services produced within the borders of a country. Most economists currently use GDP instead of GNP as a measure of a nation's economic productivity.

(GDP): 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 value of all final goods and services produced in a country in one year (see also gross national product). GDP can be measured by adding up all of an economy's incomes- wages, interest, profits, and rents- or expenditures- consumption, investment, government purchases, and net exports (exports minus imports). Both results should be the same because one person's expenditure is always another person's income, so the sum of all incomes must equal the sum of all expenditures.

the total money value of the goods and services produced by the residents of a nation during a specified period

The total market value of all the goods and services produced in one year in the United States.

The total value of a nation's output, income, or expenditure produced within its physical boundaries.

One of the main measures of U.S. economic activity. Although similar to GNP, it measures the dollar value of goods and services produced in the nation regardless of their ownership, but excludes the value of U.S.-owned companies whose goods and services are produced abroad.

An economic statistic that measures the total output of the economy, which is the financial value of all finished goods and services purchased within the economy. The growth or decline of GDP, measured as a percentage change and adjusted for inflation, is used by economists a key indicator of economic health. Falling GDP indicates recessionary conditions, while excessive growth may trigger price inflation.

the primary measure of national economic activity. GDP measure the volume of production within a country's borders within a given time period.

Total net value added in an economy.

The value, expressed in dollars, of all final goods and services produced in a year.

The value of all goods and services produced or consumed within a nationÕs borders. (IPCC)

A measure of the market value of all goods and services produced within the boundaries of a nation.

the total value of goods and services a nation produces in a given year

The value of all the final goods and services produced in the U.S. over a particular period. Available from the Bureau of Economic Analysis toward the end of the first month following the end of a quarter, and revised in each of the following two months. Growth in inflation-adjusted GDP, or real GDP, is the figure most often quoted. The GDP figures before adjustment for inflation are known as nominal GDP.

The market value of goods and services produced by labor and property in the United States, regardless of nationality; GDP replaced GNP as the primary measure of U.S. production in 1991.

The total value of goods and services produced by a nation. In the U.S. it is calculated by the Commerce Department, and it is the main measure of U.S. economic output (In other countries, the GDP is called the gross national product (GNP).)

The value of the total final output of goods and services produced by a nation within a given period, usually a year, not including that produced by its domestic firms in foreign countries. In recent years GDP has become more commonly used than GNP, to get a truer picture of how a geographical nation is doing.

The total value of goods and services produced by labor and property located in the United States. As long as the labor and property are located in the United States, the supplier (that is, the workers and, for property, the owners) may be either U.S. residents or residents of foreign countries.

The value at current prices of the total annual output of final goods and services produced in a country.

( GDP) total value of goods and services produced in the U.S. Published by the Department of Commerce.

is equivalent to gross national expenditure plus export of goods and services less imports of goods and services. It measures the output of economic activity.

Gross domestic product is a measure of the total production and consumption of goods and services in the United States. The Bureau of Economic Analysis constructs two complementary measures of GDP, one based on income and one based on expenditures. It is measured on the product side by adding up the labor, capital, and tax costs of producing the output. On the expenditure side, GDP is measured by adding up expenditures by households, businesses, government and net foreign purchases. Theoretically, these two measures should be equal. However, due to problems collecting data, there is often a discrepancy between the two measures. The GDP price deflator is used to convert output measured at current prices into constant-dollar GDP.

GDP - the total income earned domestically in an economy including income earned by foreigners within the economy; also the total expenditure on goods produced in an economy; basically the total output within the geographical boundaries of an economy; GDP=consumption + investment + government spending + net exports

The total dollar value of all goods produced by citizens of a country, regardless of their location. This measure reveals the aggregate success and power of a particular country’s economy.

GDP is the total value of goods and services produced in a country during a period of time (usually a year). Gross because no account is taken of depreciation of the country's capital stock.

the value of final goods and services produced in a country during a specific period of time. GDP includes automobiles because they are ready for use but not the intermediate products such as steel used to manufacturer the car which would count the steel twice. A rising GDP points to a strong, expanding economy while a falling GDP is connected with higher unemployment and a weak economy.

A measure of national income-the amount paid to Canadians in terms of salaries, wages, profits and taxes. Produit intérieur brut (PIB)

The measurement of the flow of goods and services within the country

the total value of all goods and services produced by a country's income (77)

GDP is the standard measurement of the size of the economy. It is the total production of goods and services within the United States.

The total final output of goods and services produced within a country in a year by residents and non residents regardless of allocation of domestic and foreign claims

The total value of all the goods and services produced by the Canadian economy in a single year.

The total market value of the goods and services produced in New Zealand.

Total value of goods and services produced by labour and property located in a country during a specified period. Gross national product (GNP), is the total value of goods and services produced by labour and property supplied by residents (but not necessarily located within the country).

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.

Gross Domestic Product (GDP) is the total market value of all final goods and services produced within an economy over a period of time. Changes in GDP, adjusted for inflation, determine the growth rate of the economy.

The total value of all the final goods and services consumed in one year's time.

A measure of the total amount of material wealth produced by a country

The total dollar value of all goods and services produced by resources located in the United States during one year's time.

A measurement of the aggregate goods produced and services provided within an economy over a year and excluding income earned outside the country. GDP is one of the main measures of the health of an economy.

A measure of the country's entire output.

The value of the goods and services produced by an economy. Hire Purchase A contract to hire goods for a specified period and at a fixed cost. ICT (Information and Communications Technology). Computers, Internet, telecommunications and other associated technology and communications.

the value of all goods and services produced domestically; the sum of gross value added of all resident institutional units engaged in production (plus any taxes, and minus any subsidies, on products not included in the values of their outputs).

known as GDP. This shows the value of a nation's goods and services.

The value of all goods and services produced domestically in a given year. This is an indication of the size of a country's economy.

The total value of a nation's output, income, or expenditure produced within a nation's physical borders.

the total dollar value of all goods and services produced by all people within the boundaries of a country during a one-year period

is the total of market value of the finished goods and services produced in the country in a given year.

A measure of the total value of goods and services produced by a domestic national economy during a given period, usually one year. Obtained by adding the value contributed by each sector of the economy in the form of profits, compensation to employees, and depreciation (consumption of capital). Only domestic production is included, not income arising from investments and possessions owned abroad, hence the use of the word domestic to distinguish GDP from the gross national product (GNP-- q.v.). Real GDP is the value of GDP when inflation has been taken into account.

measures the total value of goods and services produced by a nation in a year. Gross domestic product is calculated by adding three components, and then either adding or subtracting exports, based on the nation's trade balance.

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 commonly used measure of the total market value of goods and services produced by an economy.

A measure of the economy which includes the value of all products and services produced by a nation in a given year. The growth rate of GDP is used to compare the economic progress of various nations.

The total value of goods produced and services provided in a country in one year.

The total market value of all goods and services produced domestically during a given period. The components of GDP are consumption, gross domestic investment, government purchases of goods and services, and net exports. (Bureau of Economic Analysis)

measures output generated through production by labour and property that is physically located within the confines of a country in a given time period (usually a year).

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.

The total monetary value of all goods and services produced by a national economy over one year.

Total value of all goods andservices produced domestically each year by a country. It equals grossnational product minus income from abroad. Most countries use thisdefinition; US official statistics use gross national product.

The value of all final goods and services produced within a nation in a given year.

The total value of all the goods and services produced in a particular country in a particular year. In other words, the sum of all that nation's consumer and government spending and investment, plus exports, minus imports. Divide this figure by the country's population to derive its "GDP per capita."

A measure of the market value of all goods and services produced in a given country during the reference period of time, regardless of the asset’s ownership. Unlike Gross National Product, GDP excludes receipts from that country’s assets invested abroad, such as the earnings of foreign affiliates of domestic corporations. Français: Produit Intérieur Brut (PIB) Español: Producto interno bruto (PIB)

The total value of goods and services produced exclusively within a nation's domestic economy, in contrast to the gross national product (GNP-- q.v.). Usually computed over a one-year period.

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.

The sum of the gross value added by all resident and nonresident producers in the economy plus any taxes and minus any subsidies not included in the value of the products. It is calculated at purchasers' prices, without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

The sum of all goods and services produced either by domestic or foreign companies. GDP indicates the pace at which a country's economy is growing (or shrinking) and is considered the broadest indicator of economic output and growth.

GDP A country's total output of goods and services from all forms of economic activity measured at market prices for a calendar year. See also Economic Growth Rate.

Measurement of the value of all goods and services produced by the economy within its boundaries and is the nation's broadest gauge of economic health. GDP is normally stated in annual terms, though data are compiled and released quarterly. The government gives a preliminary figure every quarter and revises it twice. GDP is often a measure of the state of the economy.

This is the most frequently used measure of Canada's overall economic performance. It's the sum of all the goods and services produced in the economy. A change in GDP represents growth or contraction of the economy.

The total value of goods and services produced within the borders of a given country in a given period of time.

the value of all goods and services provided by U.S. labor in a given year. One of the primary measures of the U.S. economy, the GDP is issued quarterly by the Department of Commerce. Formerly known as the Gross National Product (GNP).

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.

(GDP) (n) – The market value for all final goods and services produced within a nation in a given time period

The standard measure of growth in economic activity. GDP measures the gross domestic output of an economy. Two consecutive quarters of decline in the growth rate of real GDP is considered a recession.

The value of aggregate production of goods and services in a country during a given time period--usually a year.

The aggregate value of goods and services produced within an economy over a 12-month period.

The total market value of the goods and services produced within a country and by this country abroad during a given period of time, usually a year is known as its GDP. Source: CIDA and UNDP

Also known as the Gross National Product; it is the measure of goods and services produced by the nation during any one calendar year.

gross national product excluding payments on foreign investments

The total value of goods and services produced in the national economy in a given year. The GDP does not include products made by U.S. companies in foreign markets, but does include products made in the U.S. by foreign companies. It is the primary indicator of economic growth in the U.S.

Measures aggregate economic activity available, encompassing every sector of the economy. Quarterly percent changes (at an annualized rate) in GDP reflect the growth rate of total economic output. GDP growth is widely followed as the primary indicator of the strength of economic activity. Frequency: quarterly. Source: Commerce Department.