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Gross domestic product (GDP) is a monetary measure of the market value [2] of all the final goods and services produced and rendered in a specific time period by a country [3] or countries. [4][5][6] GDP is often used to measure the economic health of a country or region. [3] Definitions of GDP are maintained by several national and ...
Real gross domestic product (real GDP) is a macroeconomic measure of the value of economic output adjusted for price changes (i.e. inflation or deflation). [1] This adjustment transforms the money-value measure, nominal GDP, into an index for quantity of total output. Although GDP is total output, it is primarily useful because it closely ...
A variety of measures of national income and output (Arabic: مقاييس الدخل القومي والناتج) are used in economics to estimate total economic activity in a country or region, including gross domestic product (GDP), Gross national income (GNI), net national income (NNI), and adjusted national income (NNI adjusted for natural resource depletion – also called as NNI at ...
The gross national income (GNI), previously known as gross national product (GNP), is the total domestic and foreign financial output claimed by the residents of a country, consisting of gross domestic product (GDP), plus factor incomes earned by foreign residents, minus income earned in the domestic economy by nonresidents. [2]: 44.
GDP stands for gross domestic product. GDP is a measure of the economic output of a country. It is usually defined as the total market value of goods and services produced within a given period after deducting the cost of goods and services used up in the process of production, but before allowances for depreciation.
Gross regional domestic product. Gross regional domestic product (GRDP), gross domestic product of region (GDPR), or gross state product (GSP) is a statistic that measures the size of a region 's economy. It is the aggregate of gross value added (GVA) of all resident producer units in the region, and analogous to national gross domestic product.
The real value is the value expressed in terms of purchasing power in the base year. The index price divided by its base-year value gives the growth factor of the price index. Real values can be found by dividing the nominal value by the growth factor of a price index. Using the price index growth factor as a divisor for converting a nominal ...
Domestic product may refer to: Gross domestic product , the total value of all the goods and services produced inside a nation over a certain period. Net domestic product , the gross domestic product minus depreciation on a country's capital goods.