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gross domestic product

Market value of goods and services produced within a country

EntityQ12638

Also known as GDP

Subclass of: macroeconomic indicator

Overview

From Wikipedia, the free encyclopedia · Read full article · Text CC BY-SA 4.0

Gross domestic product (GDP) is a monetary measure of the total market value of all of the final goods and services which are produced and rendered during a specific period of time 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, 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 an idealized 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.

Overview

All data

58 statements · 19% with external sources · numbers in brackets are citations

ISQ dimension: \mathsf{T}^{-1}
Different from: list of countries by GDP (PPP) per capita
Studied by: macroeconomics
Has list: NE.GDI.TOTL.ZS data series

On other databases

54 identifiers linking gross domestic product across the web's reference databases

Data quality

statements

19%

externally sourced

Source last edited October 7, 2026. AIDB refreshes this page daily.

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AIDB. (2026). gross domestic product (Q12638). Retrieved from https://aidb.si/e/gross-domestic-product-Q12638