Gross Domestic Product
Similar term(s): gdp, gross world product .
The total market value of goods and services produced within a nation during a
given period (usually 1 year).
The components of GDP are consumption, gross investment, government purchases
of goods and services, and net exports.
GDP differs from GNP (Gross National Product) because GNP
also includes income arising from investment and assets owned abroad.
Per capita GDP is calculated by dividing the total Gross
Domestic Product for a country by the number of people who live there. This
allows comparison of GDP figures for different countries, taking into account
Gross world product is the total Gross National Product of
all the countries in the world. This also equals the total Gross Domestic
Español: Producto Interior Bruto
Français: Produit Intérieur Brut
Nederlands: Bruto Binnenlands Product