Gross Domestic Product (GDP)
GDP or gross domestic product, is the market value of all final goods and services produced in a country in a given time period.
This definition has four parts:-
• Market value
• Final goods and services
• Produced within a country
• In a given time period
GDP is a market value—goods and services are valued at their market prices.
To add apples and oranges, computers and popcorn, we add the market values so we have a total value of output in dollars.
(Billions of U.S. Dollars)
|World GDP, Current Price – 2018||$87,504||View Historical Data|
|List of the Countries||226||View Data|