What Does GDP Stand For?
GDP stands for Gross Domestic Product
Gross Domestic Product (GDP) is a key economic indicator that measures the total monetary value of all goods and services produced within a country's borders over a specific time period, typically annually or quarterly. It serves as a comprehensive gauge of a nation's economic activity, reflecting the health of the economy, informing policy decisions, and providing insights for investors and businesses. GDP can be assessed using three approaches: production, income, and expenditure, each offering a different perspective on economic performance.
Added on 14th April 2008 | Last edited on 16th June 2025 | Edit Acronym