Gross domestic product
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Gross Domestic Product (GDP) is a monetary measure of the market value of all the final goods and services produced in a period of time, often annually or quarterly. Nominal GDP estimates are commonly used to determine the economic performance of a whole country or region, and to make international comparisons.
GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore using a basis of GDP per capita at purchasing power parity (PPP) is arguably more useful when comparing differences in living standards between nations.
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See also
- Annual average GDP growth
- Capability approach
- Chained volume series
- Circular flow of income
- Economic growth
- GDP density
- Green national product
- Gross output
- Gross regional product
- Gross regional domestic product
- Gross state product
- Gross value added
- Gross world product
- Intermediate consumption
- Inventory investment
- List of countries by average wage
- List of countries by household income
- List of countries by GDP (nominal)
- List of countries by GDP (nominal) per capita
- List of countries by GDP (PPP)
- List of countries by GDP (PPP) per capita
- List of economic reports by U.S. government agencies
- Misery index (economics)
- National average salary
- Potential output
- Production (economics)
- Productivism
- Real gross domestic product
- Gross National Happiness
- Gross National Well-being
- Social Progress Index
- Better Life Index
- Human Development Index
- Genuine Progress Index
- Irish modified GNI (or GNI star)
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