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From dKosopedia


GDP is an acronym for Gross Domestic Product, and is used as a size measurement for a country's economy. In essence, GDP is the total value of goods and services produced in a country during a year. It differs from Gross National Product (GNP) in excluding international trade, essentially attributing to a national economy only the product it generates rather than also the income it receives from foreign investment or official development assistance (ODA).

A common formula for GDP is:

GDP = consumption + investment + government expenditures + exports - imports

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This page was last modified 20:13, 28 May 2006 by dKosopedia user Heurisdick. Based on work by dKosopedia user(s) KansasNate. Content is available under the terms of the GNU Free Documentation License.

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