GDP (Gross Domestic Product)

Definition

Gross Domestic Product (GDP) is the total monetary value of all finished goods and services produced within a country's borders in a specific time period. It is the most widely used measure of economic output and serves as a proxy for a nation's economic health. GDP can be measured by expenditure (consumption + investment + government spending + net exports), income, or production approaches. In geopolitical analysis, GDP comparisons reveal shifts in the global balance of power, resource capacity, and military potential. GDP per capita provides insight into living standards, while GDP growth rates signal economic momentum or decline.