Gross Domestic Product

Gross Domestic Product(GDP)is a basic measure of a countrys economic performance and is the market value of all final goods and services made within the borders of a nation in a year . It is a fundamental measurement of production and is very often positively correlated with the standard of living.

Calculator of Gross Domestic Product

Formula of Gross Domestic Product

personal consumption + gross investment + government consumption + net exports of goods and services

The most common approach to measuring and quantifying GDP is the expenditure method: GDP = private consumption + gross investment + government spending + (exports - imports), or, Gross Domestic Product = C + I + G + (X - M).