Macroeconomics

Gross Domestic Product

Definition

What is Gross Domestic Product?

The total market valueThe price at which an asset could trade in the market at a given time. of final goods and services produced within a country during a period.

Example in practice

How This Looks in Practice

Investors monitor GDP growth to assess the economy's direction.

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Related Terms

Macroeconomics

Real GDP

Gross domestic product adjusted for changes in prices.

Macroeconomics

Nominal GDP

Gross domestic product measured at current prices without adjusting for inflation.

Macroeconomics

GDP Growth Rate

The percentage change in gross domestic product over a period.

Market Sentiment

Risk-On Market

A market environment in which investors favour higher-risk assets.

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