GDP

Extracted Attributes

• Formula

  Y = C + I + G + (X - M)

• Definition

  A monetary measure of the total market value of all final goods and services produced within a specific time period by a country or countries.

• Limitations

  Does not account for income distribution, environmental impact, unpaid domestic work, or overall standard of living/well-being.

• Primary Purpose

  To measure the economic activity and progress of a country or region.

• Major Components

  Consumption (C), investment (I), government expenditures (G), and net exports (X - M).

• Adjustments for Comparison

  Real GDP (for inflation), GDP per capita at Purchasing Power Parity (PPP) for cost of living differences.

• Organizations Maintaining Definitions

  OECD, International Monetary Fund (IMF), U.S. Bureau of Economic Analysis (BEA).

Timeline

• Real GDP in the United States increased by 2.4 percent. (Source: web_search_results)

  2024-Q4

• Real GDP in the United States decreased at an annual rate of 0.5 percent. (Source: web_search_results)

  2025-Q1

• Strong GDP growth was highlighted as a positive indicator for the US economy by the All-In podcast hosts (David Sacks, Chamath Palihapitiya, and Tucker Carlson). (Source: related_documents)

  Undated (recent)

Gross domestic product

Gross domestic product (GDP) is a monetary measure of the total market value of all the final goods and services produced and rendered in a specific time period by a country or countries. GDP is often used to measure the economic activity of a country or region. The major components of GDP are consumption, government spending, net exports (exports minus imports), and investment. Changing any of these factors can increase the size of the economy. For example, population growth through mass immigration can raise consumption and demand for public services, thereby contributing to GDP growth. However, GDP is not a measure of overall standard of living or well-being, as it does not account for how income is distributed among the population. A country may rank high in GDP but still experience jobless growth depending on its planned economic structure and strategies. Dividing total GDP by the population gives a rough measure of GDP per capita. Several national and international economic organizations, such as the OECD and the International Monetary Fund, maintain their own definitions of GDP. GDP is often used as a metric for international comparisons as well as a broad measure of economic progress. It serves as a statistical indicator of national development and progress. Total GDP can also be broken down into the contribution of each industry or sector of the economy. Nominal GDP is useful when comparing national economies on the international market using current exchange rate. To compare economies over time inflation can be adjusted by comparing real instead of nominal values. For cross-country comparisons, GDP figures are often adjusted for differences in the cost of living using Purchasing power parity (PPP). GDP per capita at purchasing power parity can be useful for comparing living standards between nations. GDP has been criticized for leaving out key externalities, such as resource extraction, environmental impact and unpaid domestic work. Alternative economic indicators such as doughnut economics use other measures, such as the Human Development Index or Better Life Index, as better approaches to measuring the effect of the economy on human development and well being.

Web Search Results

• Gross domestic product - Wikipedia

  Gross domestic product (GDP) is a monetarymeasure of the total market value( of all the final goods and services produced and rendered in a specific time period by a country( or countries.( GDP is often used to measure the economic performance of a country or region.( Several national and international economic organizations maintain definitions of GDP, such as the OECD and the International Monetary Fund.( [...] GDP (Y) is the sum of consumption (C), investment (I), government expenditures (G) and net exports (X − M). Y = C + I + G + (X − M) Here is a description of each GDP component: [...] GDP is a product produced within a country's borders; GNI is product produced by enterprises owned by a country's citizens. The two would be the same if all of the productive enterprises in a country were owned by its own citizens and those citizens did not own productive enterprises in any other countries. In practice, however, foreign ownership makes GDP and GNI non-identical. Production within a country's borders, but by an enterprise owned by somebody outside the country, counts as part of

• List of countries by GDP (nominal) - Wikipedia

  Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year.( Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates. Nominal GDP does not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's [...] according to International Monetary Fund estimates( Image 6.svg) Countries by estimated nominal GDP in 2025:( > $20 trillion $10–20 trillion $5–10 trillion $1–5 trillion$750 billion – $1 trillion $500–750 billion $250–500 billion $100–250 billion$50–100 billion $25–50 billion $5–25 billion < $5 billion

• Gross Domestic Product (GDP) Formula and How to Use It

  Gross domestic product is a measurement that seeks to capture a country’s economic output. Countries with larger GDPs will have a greater amount of goods and services generated within them, and will generally have a higher standard of living. For this reason, many citizens and political leaders see GDP growth as an important measure of national success, often referring to GDP growth and economic growth interchangeably. Due to various limitations, however, many economists have argued that GDP [...] A country’s GDP represents the final market value of all the products and services that a country produces in a single year. Another way to measure GDP is as the sum of four factors: consumer spending, government spending, net exports, and total investment. [...] Real GDP is an inflation-adjusted measure that reflects the number of goods and services produced by an economy in a given year, with prices held constant from year to year to separate out the impact of inflation or deflation from the trend in output over time. Since GDP is based on the monetary value of goods and services, it is subject to inflation.

• Gross Domestic Product: An Economy's All

  GDP measures the monetary value of final goods and services—that is, those that are bought by the final user—produced in a country in a given period of time (say a quarter or a year). It counts all of the output generated within the borders of a country. GDP is composed of goods and services produced for sale in the market and also includes some nonmarket production, such as defense or education services provided by the government. An alternative concept, gross national product, or GNP, counts [...] Economics is no different. Economists use many abbreviations. One of the most common is GDP, which stands for gross domestic product. It is often cited in newspapers, on the television news, and in reports by governments, central banks, and the business community. It has become widely used as a reference point for the health of national and global economies. When GDP is growing, especially if inflation is not a problem, workers and businesses are generally better off than when it is not. [...] It is also important to understand what GDP cannot tell us. GDP is not a measure of the overall standard of living or well-being of a country. Although changes in the output of goods and services per person (GDP per capita) are often used as a measure of whether the average citizen in a country is better or worse off, it does not capture things that may be deemed important to general well-being. So, for example, increased output may come at the cost of environmental damage or otherexternal

• Gross Domestic Product | U.S. Bureau of Economic Analysis (BEA)

  A comprehensive measure of U.S. economic activity. GDP measures the value of the final goods and services produced in the United States (without double counting the intermediate goods and services used up to produce them). Changes in GDP are the most popular indicator of the nation's overall economic health. Learn More ### Contact Personnel GDP Lisa Mataloni 301-278-9083 gdpniwd@bea.gov Corporate Profits Kate Pinard 301-278-9417 cpniwd@bea.gov [...] Real gross domestic product (GDP) decreased at an annual rate of 0.5 percent in the first quarter of 2025 (January, February, and March), according to the third estimate released by the U.S. Bureau of Economic Analysis. In the fourth quarter of 2024, real GDP increased 2.4 percent. The decrease in real GDP in the first quarter primarily reflected an increase in imports, which are a subtraction in the calculation of GDP, and a decrease in government spending. These movements were partly offset [...] by increases in investment and consumer spending.

• Instance Of

  Q4167410