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

Personal Consumption
Gross Investment
Government Consumption

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).

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