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

Market value
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
New York, US
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