In economics, the gross domestic product (GDP) is how much a place produces in some amount of time. For nations, the GDP can be found by adding up its output inside the borders of that country. To know the GDP of a country, one would need to add up the consumer spending, investment spending, government spending and the value of the exports and subtract the value of the imports.

This measure is often used to find out the health of a country in an economic way. In other words, a country with a high value of GDP can be called a large economy.

This measure is different from gross national product (GNP) in that GNP = GDP + net income from assets abroad (net income receipts).

While nominal GDP is the total amount of money spent on GDP, real GDP (like real in most economic meaning) tries to correct this number for inflation.

Economics

Bruto nasionale produk | BNI per indbygger | Bruttoinlandsprodukt | SKT | Gross domestic product | Producto Nacional Bruto | Malneta Enlanda Produkto | Produit intérieur brut | Produk domestik bruto | Prodotto Interno Lordo | תוצר לאומי גולמי | Iekšzemes kopprodukts | Bendras Vidaus Produktas | Bruto Nationaal Product | 国内総生産 | Bruttonasjonalprodukt | Produkt krajowy brutto | Produto Interno Bruto | Produs intern brut | Валовый внутренний продукт | Бруто домаћи производ | Bruttonationalprodukt | 国内生产总值