Macroeconomics

Gross Domestic Product

Definition

What is Gross Domestic Product?

The total market value of final goods and services produced within a country during a period.

Example in practice

Investors monitor GDP growth to assess the economy's direction.

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Gross domestic product adjusted for changes in prices.

Gross domestic product measured at current prices without adjusting for inflation.

The percentage change in gross domestic product over a period.

A market environment in which investors favour higher-risk assets.

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