GDP by State with Industry Detail. Simply stated, GDP is the total market value of all goods and services produced in a country for a given time period. We use cookies to enhance your experience on our website, including to provide targeted advertising and track usage. Gross Domestic Product (GDP) Explained. The nation's gross domestic product totals trillions of dollars. Over 100,000 French translations of English words and phrases. gross domestic product (GDP): The value of a country's overall output of goods and services (typically during one fiscal year) at market prices, excluding net income from abroad. We use cookies to enhance your experience on our website, including … Gross domestic product definition, gross national product excluding payments on foreign investments. Gross Domestic Product (GDP) Definition: The term GDP stands for Gross Domestic Product, is a measure of market value of all finished goods and services which are newly produced, during a particular period and that too within the domestic territory of the country. what are the 3 primary uses of GDP-Measuring living standards -Measuring economic growth-Measuring business cycles (short-run expansion or recession) nation during a specific time period. Learn how to pronounce Gross domestic product in English with video, audio, and syllable-by-syllable spelling from the United States and the United Kingdom.

It’s used to gauge a nation’s economic growth and its people’s standard of living. GDP also guides investment decisions and economic policy that affects everyone. Define gross domestic product. Gross Domestic Product. The gross domestic product is the value of goods and services produced in a national economy usually over a year, but can be any period of time.. the monetary value of all the finished goods and services produced that is used to gauge the health of a country’s economy. State counterpart of national GDP, including industries' contributions to each state economy

French Translation of “gross domestic product” | The official Collins English-French Dictionary online. Gross Domestic Product. Gross Domestic Product (GDP) Definition. If gross domestic product is rising, our economy is in good shape because our goods and services are becoming worth more money. It’s used to gauge a nation’s economic growth and its people’s standard of living. ‘Real gross domestic product is growing at the fastest yearly pace in two decades.’ ‘You may wonder what burger sales have to do with a nation's gross domestic product.’ ‘Perhaps the most onerous of those burdens is a public debt that is 106 per cent of the annual gross domestic product.’ Listen to audio with how to say gross domestic product in English.