Gross domestic product
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Gross Domestic Product (GDP) is a monetary measure of the market value of all the final goods and services produced in a period of time, often annually or quarterly. Nominal GDP estimates are commonly used to determine the economic performance of a whole country or region, and to make international comparisons.
GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore using a basis of GDP per capita at purchasing power parity (PPP) is arguably more useful when comparing differences in living standards between nations.
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See also
- Annual average GDP growth
- Capability approach
- Chained volume series
- Circular flow of income
- Economic growth
- GDP density
- Green national product
- Gross output
- Gross regional product
- Gross regional domestic product
- Gross state product
- Gross value added
- Gross world product
- Intermediate consumption
- Inventory investment
- List of countries by average wage
- List of countries by household income
- List of countries by GDP (nominal)
- List of countries by GDP (nominal) per capita
- List of countries by GDP (PPP)
- List of countries by GDP (PPP) per capita
- List of economic reports by U.S. government agencies
- Misery index (economics)
- National average salary
- Potential output
- Production (economics)
- Productivism
- Real gross domestic product
- Gross National Happiness
- Gross National Well-being
- Social Progress Index
- Better Life Index
- Human Development Index
- Genuine Progress Index
- Irish modified GNI (or GNI star)
Unless indicated otherwise, the text in this article is either based on Wikipedia article "Gross domestic product" or another language Wikipedia page thereof used under the terms of the GNU Free Documentation License; or on research by Jahsonic and friends. See Art and Popular Culture's copyright notice.
