Meaning of GROSS DOMESTIC PRODUCT (GDP) in English

GROSS DOMESTIC PRODUCT (GDP)

An estimate of the total money value of all the final goods and services produced in a given one-year period using the factors of production located within a particular country's borders.

[See also: Gross National Product (GNP) ]

English glossary of political economy terms.      Английский глоссарий политико-экономических терминов.