Gross domestic product, or GDP, is a measure of a country's economic output over a certain time period—usually a year. GDP is looked to as a primary indicator of a country's economic health. Put ...

GDP definition. GDP stands for gross domestic product, or the total value of the goods and services produced in a country over a specified period. It is used as an indicator of the size and health of ...

The US economy shrank by 0.6% during the second quarter of the year, according to the latest gross domestic product estimate from the Bureau of Economic Analysis released Thursday.

Moreover, “gross” domestic product takes no account of the “wear and tear” on the machinery, buildings, and so on (the so-called capital stock) that are used in producing the output. If this depletion ...

The new estimates show that gross domestic product, adjusted for inflation, grew faster in 2021, 2022 and early 2023 than initially believed. By Ben Casselman Sept. 26, 2024 ...

Gross national product (GNP) includes GDP, income earned by residents from overseas investments, minus income earned by foreign residents.

After dropping at an annual rate of 1.6% in the first quarter, gross domestic product – the value of all goods and services produced in the U.S. – is projected to have risen 0.5% in the three ...

Nominal gross domestic product is a useful measure when GDP needs to be compared to any other factor that, like nominal GDP, is not inflation-adjusted. For example, a comparison of a nation's debt ...

In his words, “In other major economies, consumers contribute 50 to 75% of gross domestic product; in China, 40%.” Ip is specific that the latter weighs on GDP, and it does, which very neatly ...